The global maggot debridement market size is expected to reach USD 19.1 million by 2027, expanding at a CAGR of 9.8%, according to a new report by Grand View Research, Inc. The rising investment in research and development, growing prevalence of chronic diseases, and the increasing number of burn cases are the key driving factors for the market.
In the recent past, there has been a rise in the number of surgical procedures across the globe. Rising prevalence of chronic diseases, such as cancer, diabetes, and autoimmune diseases, is one of the key factors leading to an increase in the number of surgeries being performed in the country. The incidence of infectious and non-communicable diseases has increased over the past few decades.
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This can be attributed to factors such as urbanization, borderline poverty in most developing states, antimicrobial resistance, and rising prevalence of food-borne diseases. An unhealthy lifestyle, lack of physical activity, alcohol abuse, and smoking are some of the major factors contributing to the rising prevalence of the abovementioned diseases. According to CDC estimates, in 2017, more than 100.0 million people were living with diabetes in the U.S.
Type II diabetes is the most common type of diabetes and 90.0% of the affected population is suffering from type II diabetes. Diabetic foot ulcer, a common complication of diabetes, typically requires wound debridement and surgical intervention to prevent foot amputation. Thus, a rising number of chronic wounds are anticipated to increase the demand for maggot debridement.
Key suggestions from the report:
- In terms of revenue, the biobags segment held the largest market share in 2019 as it is safe to use and provides result in 14-28 days
- The chronic wounds segment held the largest market share in 2019 owing to the increasing prevalence of diabetic foot ulcers and venous leg ulcers across the globe
- The wound care centers segment is anticipated to witness the fastest growth over the forecast period owing to the rising awareness regarding these institutions
- In Asia Pacific, the market is anticipated to witness the fastest growth over the forecast period owing to the rising number of surgeries and untapped market for maggot debridement therapy.
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Grand View Research has segmented the global maggot debridement market on the basis of administration, application, end-use, and region:
Maggot Debridement Administration Outlook (Revenue, USD Million, 2016 – 2027)
- Loose Larva
Maggot Debridement Application Outlook (Revenue, USD Million, 2016 – 2027)
- Chronic Wounds
- Diabetic Foot Ulcer
- Venous Leg Ulcer
- Pressure Ulcer
- Acute Wounds
- Surgical & Traumatic Wounds
- Burn Wounds
Maggot Debridement End-use Outlook (Revenue, USD Million, 2016 – 2027)
- Wound Care Centers
Maggot Debridement Regional Outlook (Revenue, USD Million, 2016 – 2027)
- North America
- The U.S.
- The U.K.
- Asia Pacific
- Latin America
- South Africa
- Saudi Arabia
List of Key Players of Maggot Debridement Market
- Monarch Labs
- Mega Pharma (Pvt) Ltd.
Find more research reports on Medical Devices Industry, by Grand View Research:
Continuous Passive Motion Devices Market – The global continuous passive motion devices market size was valued at USD 657.2 million in 2018 and is expected to grow at a CAGR of 6.34% over the forecast period.
Wound Care Centers Market – The global wound care centers market size was estimated at USD 34.5 billion in 2018.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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