Negative Pressure Wound Therapy Market Share, Trends, Merger, Growth, Size, Demand, Sales, Competitive Landscape And Global Industry Forecast To 2032


 The Negative Pressure Wound Therapy (NPWT) Market was valued at US$ 5.9 billion in 2021 and is predicted to reach US$ 6.2 billion in 2022. The overall demand for negative pressure wound therapy is anticipated to grow at a steady CAGR of 5.2% during the forecast period between 2022 and 2032, reaching over US$ 9.9 Bn by 2032. This is due to the rising prevalence of chronic wounds like diabetic foot ulcers, post-surgical ulcers, and pressure ulcers as well as rising wound care spending.

FMI-a well-established name in the market research domain – forecasts that, the NPWT market will experience a major upturn post 2025, reaching a valuation of US$ 3.2 Bn by 2029.

Effectiveness of Negative Pressure Wound Therapy (NPWT) in treating acute and chronic wounds is a key factor driving its adoption across hospitals, clinics, and homecare settings. The use of NPWT devices in managing closed incisions, where the risk of wound breakdown is higher, is also fuelling the growth of the negative pressure wound therapy market, especially in North America and Western Europe. Development of safe and highly-effective negative pressure wound therapy devices has helped address concerns related to potential risks, leading to greater adoption across end-use sectors. Decline in the number of adverse reaction and product recalls has led to increased confidence on the safe use of NWPT.

Request for a sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-810

Key Takeaways of NPWT Market Study

  • Single-use disposable negative pressure wound therapy devices, under product, are expected to exhibit a CAGR of 8% during the forecast period.
  • The U.S. is anticipated to dominate the global negative pressure wound therapy market and account for over 86% share of the North America NPWT market.
  • Hospitals and home care settings segments are expected to dominate the negative pressure wound therapy market during the forecast period, owing to significant adoption of NPWT systems.
  • Companies are focusing on collaborating with established research centres and other manufacturers to develop products complaint with regulations across the globe that can help in the treatment of chronic disorders.

Frequently Asked Questions About Negative Pressure Wound Therapy (Npwt) Market

Which countries have significant growth potential in the negative pressure wound therapy market over the next decade?

Countries such as China and India have a relatively large population base and incidence rates of various chronic wounds such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers, which is boosting the growth of the negative pressure wound therapy market. Besides, the number of healthcare facilities is increasing in these countries, and the demand for NPWT devices and dressings is expected to further increase over the next few years.

How are government initiatives increasing the demand for NPWT?

Increasing government initiatives in the healthcare sector in various countries are encouraging the development of newer and innovative technologies to enhance treatment methods such as NPWT. Government hospitals in various developing countries have initiated a wide range of foot-care programmes, including therapeutic health education, regular foot examinations, and screenings to identify those at high risk, significantly boosting the growth of the negative pressure wound therapy market.

Manufacturer of NPWT Devices Focusing on Launch of Portable and Disposable Devices

Over the last few years, leading manufacturer have been focusing on introducing portable and disposable NPWT devices, targeting a range of consumers, including hospitals, homecare settings, etc. Presently, a majority of NPWT devices are used in the U.S. and Europe. However, the demand for portable and disposable NPWT devices is gaining traction in APAC, Eastern Europe, and Latin America. There has been growing interest in using portable and disposable NPWT devices on closed incisions after a surgical procedure in order to inhibit potential surgical site infections (SSIs) and other wound complications in high-risk patients.

Examples of some disposable NPWT devices from top players include

  • V.A.C.Via Therapy System,
  • Prevena Incision Management System (Acelity),
  • PICO (Smith and Nephew PLC.),
  • AVELLE Negative Pressure Wound Therapy System (ConvaTec Inc.)

NEGATIVE PRESSURE WOUND THERAPY (NPWT) MARKET TAXONOMY

The global negative pressure wound therapy market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product

  • Standalone NPWT Devices
  • Single-use Disposable NPWT Devices
  • Portable NPWT Devices
  • NPWT Accessories (Canisters)

End User

  • Hospitals
  • Clinics
  • Home Care Settings

Comments

Post a Comment

Popular posts from this blog

Teleradiology Services Market Analysis And Demand With Forecast Overview To 2032

Image
 In 2022, it is expected that the Teleradiology Services Market would be worth around US$ 31,880.57 Million. By 2032, it is anticipated that the market for teleradiology services would reach US$5,598.3 Million. with a 19% CAGR growth forecast through 2032. The global Teleradiology Services Market is estimated to reach a market valuation of US$ 1,971.4 Million by the end of 2016 and register a CAGR of 21.0% over the forecast period (2016–2026). The growth of this market can be attributed to the favorable government initiatives regarding the adoption of teleradiology in order to provide early disease diagnosis. Besides, the application of modern-day technologies such as the adoption of cloud-based technologies, blockchain, and cryptocurrencies will lead to better efficiency and cost-effective solutions. Increasing Investments for the development of advanced solutions is augmenting the demand for the industry. Request Sample PDF Brochure: https://www.futuremarketinsights.com/reports/...
Read more

Non-Vascular Stents Market to 2032 – Global Analysis and Forecasts by Types, Technologies, Applications and End-User Verticals

Image
 The Non-Vascular Stents Market is expected to grow at a CAGR of  4.5%  over the forecast period. (2022 - 2032). The sector is expected to be valued at  US$ 1.21 billion  in 2022 and  US$ 1.9 billion by 2032. The global non-vascular stents market is expected to move forward in response to the growing demand for minimally-invasive procedures. Rising technological and material advancements are assisting in the development of specially designed stents for use in a variety of indications thereby fueling the overall non-vascular stents market growth. Non-vascular stents use small, precise incisions, resulting in scars that are smaller and less visible than those left by traditional surgical techniques, putting the patient's safety in jeopardy. The above-mentioned feature is anticipated to provide impetus to the non-vascular stents market adoption trends in coming years. Such a surgery is associated with a faster recovery period, resulting in a shorter hospital ...
Read more

From X-rays to AI: Veterinary Imaging Innovations of the Next Decade By 2022 to 2030

Image
  Between 2022 and 2030, the global veterinary imaging industry is expected to grow at a CAGR of 6.6%, from US$ 2.02 billion in 2022 to US$ 3.37 billion by 2030. A study by Future Industry Insights (FMI) predicted that by 2030, the worldwide veterinary imaging industry would bring in US$ 3.37 billion. The research study looks at the market development for veterinary imaging through 2030 in more than 20 nations. The report offers precise insights into some of the key players in the industry's crucial business strategies. According to the poll, investments are being made in the veterinary diagnostics industry as the trend towards pet humanization picks up speed. Additionally likely to fuel industry growth are governmental rules and a greater emphasis on preserving animal health. Request A Report Sample To Gain Comprehensive Insights! https://www.futuremarketinsights.com/reports/sample/rep-gb-12368 Growth will also be fueled by the expansion of the animal and pet care industry as a w...
Read more