Negative Pressure Wound Therapy Market Overview
The negative pressure wound therapy market worth in 2017 was close to USD 2.24 billion and can anticipate thriving at a rate of 6.7% during the forecast period, says Market Research Future (MRFR).
Key Boosters and Deterrents
Negative pressure wound therapy is a highly preferred treatment option worldwide, particularly for deep acute wounds as well as chronic wounds such as leg ulcers. The factors rendering negative pressure wound therapy market growth include the mounting number of industrial and road accidents along with traumatic events, surging instances of chronic wounds that include diabetic foot ulcers as well as technological developments in NPWT devices.
Chronic wounds can cause a lot of complications, including ulceration, lack of blood supply, and infection, which enhances the total wound healing period. The common types of chronic wounds are diabetic foot ulcers, pressure ulcers, and venous ulcers. The International Journal of Advances in Medicine reveals that in 2020, around 45million diabetes cases were recorded in India while close to 15% of this figure were affected by diabetic foot ulcer.
Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/6514
Mushrooming elderly population all over the world, which are mostly prone to numerous medical conditions that result in development of different wound types, bolster market growth. Emergence of advanced novel negative pressure wound therapy devices that are easy to use and patient-friendly propel the negative pressure wound therapy market position.
Negative Pressure Wound Therapy Market Segmentation
The negative pressure wound therapy industry can be considered for product type, wound type, and end-user.
The primary product types covered are single-use negative pressure wound therapy devices, conventional negative pressure wound therapy devices, as well as accessories. The highest share has been captured by the conventional segment in the global negative pressure wound therapy market. The segmental expansion can be attributed to conventional negative pressure wound therapy devices’ ability to handle severe wound exudates. Meanwhile, single-use negative pressure wound therapy devices will be advancing at the fastest pace in the next couple of years.
Major wound types are ulcers, burns, and surgical and traumatic wounds. The types of ulcer-based segments are pressure ulcers, venous ulcers, diabetic foot ulcers, and others.
negative pressure wound therapy market end-users include home care settings, hospitals, and more.
Negative Pressure Wound Therapy Market Regional Status
The Americas secures the top position in the global negative pressure wound therapy market, thanks to the highly developed healthcare industry, and the rising instances of chronic wounds, in line with the diabetes cases. The burgeoning geriatric populace, and the striking growth in the obesity rate raise the market demand as well. The National Diabetes Statistics Report says that around 35.3 million Americans in 2020 had diabetes. Additionally, the supportive reimbursement scenario in the United States should elevate the adoption of negative pressure wound therapy devices in the coming years.
Europe can expect to garner the second spot in the negative pressure wound therapy industry, largely due to the mounting instances of road accidents along with the surging prominence of diabetes. The presence of a highly established healthcare infrastructure with top-notch medical facilities and services further bolsters the business value in the region.
The Asia Pacific negative pressure wound therapy market is predominantly driven by rapidly emerging nations like Japan, the Republic of Korea, China, Australia, and India. Asia Pacific can anticipate the fastest growth in subsequent years, in response to the massive patient pool affected by various chronic disorders such as diabetes in India and China. The significant rates of injury cases and burns, combined with the surging upgradations of the healthcare infrastructure augment the market position.
Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/negative-pressure-wound-therapy-market-6514
The slowest advancing negative pressure wound therapy market, the Middle East and Africa, is bogged down by the substandard medical infrastructure and poor knowledge among people about chronic ailments.
Negative Pressure Wound Therapy Market Top Firms
ConvaTec Group Plc., Talley Group, Cardinal Health, ACELITY L. P. Inc., Medela, DeRoyal Industries Inc., Genadyne, Smith & Nephew, Lohmann & Rauscher International GmbH & Co. Kg, Mölnlycke Health Care AB are the important developers of negative pressure wound therapy solutions.
Browse Related Reports at:
General Surgical Devices Market Research Report – Forecast to 2027
Obesity Treatment Market Research Report – Forecast to 2027
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071