Negative Pressure Wound Therapy (NPWT) Devices Market Size And Forecast
Negative Pressure Wound Therapy (NPWT) Devices Market size was valued at USD 2.15 Billion in 2021 and is projected to reach USD 3.45 Billion by 2030, growing at a CAGR of 5.5% from 2022 to 2030.
Over the forecast period, factors such as the rising prevalence of diabetes, rising expenditure on chronic and surgical wounds, government initiatives to prevent SSIs, and a high rate of cesarean sections in elderly mothers, which results in an increase in post-operative use of NPWT devices, among others, are expected to propel market growth. The Global Negative Pressure Wound Therapy (NPWT) Devices Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Negative Pressure Wound Therapy (NPWT) Devices Market Definition
Negative pressure wound therapy devices are medical devices that employ negative pressure to treat wounds. They are classified as follows: These devices are made up of a pump that is responsible for creating negative pressure around a wound. A wound dressing device that constantly or intermittently provides negative pressure to the surface of the wound is referred to as Negative Pressure Wound Therapy (NPWT). Negative pressure wound therapy is sometimes referred to as vacuum-assisted closure. Conventional and single-use NPWT systems are commercially available, and their use is dictated by criteria such as the size and location of the wound, the patient’s overall health, and his or her nutritional state, among others.
According to standard practice, NPWT dressings should be changed every 48 hours; however, the changing time might be prolonged to as long as 2-6 weeks depending on the severity of the wound. Furthermore, the gadget is equipped with canisters, which are used to collect exudate material from a wound and store it. The collecting of exudate assists in the treatment of wounds by aiding wound healing and reducing the spread of any infection that may occur. Single-use NPWT devices, on the other hand, do not require canisters.
Get | Download Sample Report @ https://www.verifiedmarketresearch.com/download-sample?rid=19318&utm_source=Free&utm_medium=004
Negative pressure wound therapy devices function by immediately evaporating exudate with the assistance of specially developed wound dressings, which are applied to the wound during the course of the therapy. Furthermore, these devices are employed in the treatment of a variety of wound types, including chronic wounds and acute wounds, among others. In addition, incisions, burns, and trauma wounds are among the types of chronic wounds that occur. Acute wounds, on the other hand, include diabetic foot ulcers, venous leg ulcers, and other types of wounds. These devices are employed in a variety of medical settings, including hospitals and clinics, as well as ambulatory surgery centers.
Global Negative Pressure Wound Therapy (NPWT) Devices Market Overview
The increase in the prevalence of chronic disorders such as diabetes mellitus and obesity is a primary driver of market expansion. Increased patient knowledge about the availability of cost-effective NPWT devices such as single-use devices, as well as an increase in the number of casualties resulting from accidents and traumas, all contribute to the growth of the Negative Pressure Wound Therapy (NPWT) Devices Market. Moreover, Furthermore, the availability of innovative and enhanced negative pressure wound therapy devices that are patient-friendly and simple to use is a major driver of the growth of the Negative Pressure Wound Therapy (NPWT) Devices Market.
Globally, the rising frequency of chronic illnesses such as diabetes is creating a huge patient pool suffering from its comorbidity, diabetic foot ulcers, which is a leading cause of amputation. In addition, the growing geriatric population, which is impacted by a wide range of illnesses and ailments, is leading to a decline in mobility among the older population. It is one of the most significant market trends in negative pressure wound treatment (NPWT) devices. The need for its treatment is predicted to increase as a result of these developments, which will in turn increase the usage of vacuum-aided closure devices throughout the projection period.
On the other hand, a rising number of surgical operations throughout the world is being driven by an increasing number of patients suffering from surgical wounds, which is expected to fuel the expansion of the market. During the last several years, negative pressure wound treatment has improved to provide wound healing at a quicker rate than previously possible. In addition to inpatient settings, an improved NPWT device provides a therapy that may be employed on a variety of wounds ranging from surgical incisions to wounds that are entirely necrotic.
In order to fuel the need for vacuum-aided closure devices and, as a result, propelling the expansion of the market during the forecast period, prominent companies are expected to introduce such cutting-edge products. However, a scarcity of qualified experts, as well as difficulties associated with the usage of negative pressure wound therapy devices, are limiting the growth of the worldwide Negative Pressure Wound Therapy (NPWT) Devices Market in the long run. Furthermore, the increased emphasis on improvements in treatment protocols, the huge unmet requirements in the wound care area, and the high market potential in unexplored emerging markets are expected to provide profitable prospects for the market’s development.
Global Negative Pressure Wound Therapy (NPWT) Devices Market: Segmentation Analysis
The Global Negative Pressure Wound Therapy (NPWT) Devices Market is segmented on the basis of Product, Application, And Geography.
Ask For Report Details @ https://www.verifiedmarketresearch.com/product/negative-pressure-wound-therapy-npwt-devices-market/?utm_source=Free&utm_medium=004
Negative Pressure Wound Therapy (NPWT) Devices Market, By Product
• Single-Use NPWT Devices
• Conventional NPWT Devices
Based on Product, The market is bifurcated into Single-Use NPWT Devices and Conventional NPWT Devices. Because of their high cost and high rate of use, Conventional NPWT Devices will account for the greatest part of the market. As a result, such systems need hospitalization and are not suited for use in homecare settings due to the usage of large, heavy canisters. These devices may be rented as well as purchased, which is projected to enhance the rate of use of NPWT in developing nations, which have limited purchasing power due to the poverty of their populations.
Over the projection period, the Single-Use NPWT Devices category is predicted to rise at a profitable compound annual growth rate (CAGR). This is owing to the fact that they are widely applicable in-home care settings, which has motivated big corporations to concentrate on improving their cost-effectiveness. The usage of Single-Use NPWT Devices in poor nations has shown to be a significant advantage in this regard.
Negative Pressure Wound Therapy (NPWT) Devices Market, By Application
• Hospitals & Clinics
• Ambulatory Surgery Centers (ASCs)
• Home Care settings
Based on Application, The market is bifurcated into Hospitals & Clinics, Ambulatory Surgery Centres (ASCs), and Home Care settings. As a result of the widespread use of conventional devices in hospital settings, the Hospitals & Clinics segment accounted for the majority of the NPWT Market. Over the forecast period, the Home Care settings is expected to be the fastest-growing segment, with the highest compound annual growth rate (CAGR). With the emergence of single-use NPWT equipment, NPWT therapy is becoming more widely available in Home Care settings. Because these products can be used at home, they eliminate the need for hospitalization and, as a result, make the overall therapy more cost-effective.
Negative Pressure Wound Therapy (NPWT) Devices Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the World
On the basis of Regional Analysis, The Global Negative Pressure Wound Therapy (NPWT) Devices Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Negative Pressure Wound Therapy (NPWT) Devices Market in North America accounted for the biggest share of the total market and is likely to continue its leading position throughout the forecast period, owing to factors such as the widespread availability of devices in the region. Moreover, the increase in public knowledge regarding the usage of these goods and the existence of a high number of senior populations suffering from different chronic conditions all contribute to the growth of the Negative Pressure Wound Therapy (NPWT) Devices Market in the long term.
Furthermore, the presence of a large number of significant competitors in North America is another important element contributing to the market’s expansion. The Asia-Pacific region is also predicted to have the quickest growth rate throughout the projection period, owing to an increase in healthcare expenditures as well as an increase in the incidence of diabetes throughout the area. A number of additional reasons, such as a large patient base of other chronic conditions that might result in a chronic or acute wound, are also contributing to the expansion of the Negative Pressure Wound Therapy (NPWT) Devices Market in Asia-Pacific.
Key Players
The “Global Negative Pressure Wound Therapy (NPWT) Devices Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Acelity, Smith & Nephew, ConvaTec, MölnlyckeHealthCare, Coloplast, Cardinal Health, Medela, Paul Hartmann, Lohmann＆Rauscher, Atmos, Innovative Therapies, Invacare, Prospera Medical, Medline, Carilex Medical, 4L Health, Talley.
For More Information @ https://www.verifiedmarketresearch.com/download-sample?rid=19318&utm_source=Free&utm_medium=004
About us –
Verified Market Research is a leading Global Research and Consulting firm that has been providing advanced analytical research solutions, custom consulting and in-depth data analysis for 10+ years to individuals and companies alike that are looking for accurate, reliable and up to date research data and technical consulting. VMR offers insights into strategic and growth analyses, Data necessary to achieve corporate goals and help make critical revenue decisions.
Our research studies help our clients make superior data-driven decisions, understand market forecasts, capitalize on future opportunities and optimize efficiency by working as their partner to deliver accurate and valuable information. The industries we cover span over a large spectrum including Technology, Chemicals, Manufacturing, Energy, Food and Beverages, Automotive, Robotics, Packaging, Construction, Mining & Gas. Etc.
We, at Verified Market Research assist in understanding holistic market indicating factors and most current and future market trends. Our analysts, with their high expertise in data gathering and governance, utilize industry techniques to collate and examine data at all stages. They are trained to combine modern data collection techniques, superior research methodology, subject expertise and years of collective experience to produce informative and accurate research.
Having serviced over 5000+ clients, we have provided reliable market research services to more than 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi. We have co-consulted with some of the world’s leading consulting firms like McKinsey & Company, Boston Consulting Group, Bain and Company for custom research and consulting projects for businesses worldwide.
Contact us:
Mr. Edwyne Fernandes
Verified Market Research
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll-Free: +1 (800)-782-1768
Website:-https://www.verifiedmarketresearch.com/
Email: sales@verifiedmarketresearch.com
Try Our New Dashboard :-https://www.verifiedmarketresearch.com/dashboard/?utm_source=Free&utm_medium=004
