“Global Negative Pressure Wound Therapy Device Market”, Purchase This Report by calling ResearchnReports.com at +1-888-631-6977.
This research majorly assists by providing brief insight into innovations, opportunities and new improvements in the Negative Pressure Wound Therapy Device Market and its globally interconnected industries. There is a regional as well as a global study of fundamental trends and dynamics of market for the given forecast period. Among the many aspects covered, this report will give an acute understanding of business strategies, latest and upcoming developments, market study, competitive players and many more. Their revenue share, contact information and detailed SWOT analysis is also available.
Major companies are also focusing on education of reimbursement coverage in such regions to further increase the affordability of these devices. However, the current reimbursement policies mostly cover conventional NPWT devices owing to their high cost. Furthermore, the geriatric population is also contributing to a great extent toward increasing the prevalence of chronic diseases. Increasing age is one of the high risk factors leading to the development of chronic diseases such as atherosclerosis, which is one of the prime cardiovascular disorders prevalent in the geriatric population.
NPWT is one of the commonly accepted therapies employed for the treatment of arterial ulcers, which is one of the major complications of atherosclerosis. Around 50% of the people worldwide are exposed to fire-related traumas, among which, 90% of the cases occur in low to moderate income countries. Thus, the rising incidence of traumatic events is expected to engender a high demand for negative pressure wound therapy products.
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The global negative pressure wound therapy market is predicted to flourish significantly at a CAGR of 6.4% over the forecast period i.e. 2017-2022. Moreover, the market of negative pressure wound therapy accounted for USD 1.12 Billion in 2015 and the market is further anticipated to garner USD 2.56 Billion by 2022. The demand for single use NPWT is predicted to witness a significant growth in near future, owing to cost-effectiveness and handiness of the devices. North America accounted the highest market share in terms of revenue in overall market of negative pressure wound therapy across the globe. The market of North America region is expected to continue its dominance over the forecast period i.e. 2016-2023 owing to introduction of favorable re-imbursement policies in the region. On the other hand, Asia-Pacific is expected to be the second largest share contributor across the globe in NPWT market of due to growing demand of advanced NPWT in emerging nations such as India, China, etc. positive increase in GDP figure.
Rapid growth in healthcare sectors owing to increasing investments in research and development aims to provide affordable and portable user friendly devices. These factors estimated to swell the demand for NPWT in near future. Further, rising awareness towards healthcare and introduction of favorable re-imbursement policies by the government organizations across the globe are likely to shift the consumer to adopt advanced technology of healthcare such as NPWT. The negative wound pressure therapy market is estimated to expand in terms of demand in near future owing to growing awareness towards cost-effective wound therapies and positive growth in GDP figure in developing nations.
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