The global Negative Pressure Wound Therapy (NPWT) Devices market is estimated to be valued at USD 2,288.1 million in 2022 and is expected to exhibit a CAGR of 6.5% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Negative Pressure Wound Therapy (NPWT) Devices are used in the treatment of chronic wounds such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers. These devices create a vacuum environment around the wound, promoting faster wound healing and preventing infection. NPWT devices are widely used in hospitals, clinics, and home healthcare settings. The increasing prevalence of chronic wounds and the rise in surgical procedures are driving the demand for NPWT devices globally.
Market Dynamics:
One of the key drivers of the NPWT devices market is the rising prevalence of chronic wounds. According to the World Health Organization (WHO), around 9% of adults over the age of 60 suffer from chronic wounds. Additionally, the increasing incidence of diabetes, obesity, and other chronic diseases further contribute to the growing demand for NPWT devices.
Another driver is the increase in surgical procedures worldwide. With advancements in healthcare facilities and accessibility to healthcare services, the number of surgeries performed has significantly increased. NPWT devices are extensively used in surgical wound management, leading to increased adoption of these devices.
Market Key Trends:
One key trend observed in the NPWT devices market is the integration of advanced technologies such as telehealth and wearable devices. These technologies enable remote monitoring and real-time data collection, enhancing patient care and reducing hospital visits. For instance, Medela AG's Vario 18 and Medela LifeSense systems offer telehealth capabilities for effective wound management.
SWOT Analysis:
- Strength: Growing demand for Negative Pressure Wound Therapy (NPWT) Devices Market in the treatment of chronic wounds, Increasing adoption of advanced technologies in wound care.
- Weakness: High cost of NPWT devices, Lack of reimbursement policies in certain regions.
- Opportunity: Untapped potential in emerging markets, Increasing investments in research and development for innovative NPWT devices.
- Threats: Stringent regulatory guidelines, Competition from alternative wound care therapies.
Key Takeaways:
The global NPWT devices market is expected to witness high growth, exhibiting a CAGR of 6.5% over the forecast period, due to increasing prevalence of chronic wounds and rise in surgical procedures. North America is currently the fastest growing and dominating region in this market, attributed to the well-established healthcare infrastructure, high healthcare expenditure, and favorable reimbursement policies. The key players operating in the global NPWT devices market include 3M, Cardinal Health, Smith+Nephew, Genadyne, DeRoyal Industries, Inc., Medela AG, Convatec Inc., Mölnlycke Health Care AB, PAUL HARTMANN AG, ATMOS MedizinTechnik GmbH & Co. KG, Talley Group Ltd, Cork Medical, LLC, and Devon Medical Products.
In conclusion, the global NPWT devices market is poised for substantial growth in the coming years due to the increasing prevalence of chronic wounds and the rise in surgical procedures. The integration of advanced technologies and the focus on telehealth and wearable devices are key trends shaping the market. However, challenges such as high costs and lack of reimbursement policies need to be addressed. With the expanding geriatric population and the growing burden of chronic diseases, the demand for NPWT devices is expected to soar, presenting lucrative opportunities for market players.
Transparency Market Research (TMR) has published a new report titled, “Global Negative-pressure wound therapy devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”.
Moreover, the high cost of negative-pressure technique is a major factor restraining the market.
Emerging technologies in portable negative-pressure wound therapy devices to propel marketEmerging technologies in negative-pressure wound therapy devices are projected to boost the global negative-pressure wound therapy devices market during the forecast period.
NPWT may decrease tissue oxygenation in the wound bed because the foam sponge of NPWT compresses the wound bed under the influence of the applied negative-pressure.
In the U.S., significant increase in prevalence of acute and chronic injuries is likely to propel the share held by the region in the global market during the forecast period.
These include SMITH AND NEPHEW, KCI (ACELITY), Cardinal Health, PAUL HARTMANN, ConvaTec Inc., DeRoyal, Genadyne Biotechnologies, Inc., Medela, Inc. ATMOS MedizinTechnik GmbH & Co. KG, Talley Group Ltd, and Lohmann & Rauscher.
The worldwide negative pressure wound therapy devices market was esteemed at over USD 1.9 billion out of 2015 and is required to observe alluring development over the conjecture time frame.
For example, significant players like Smith and Nephew presented a solitary use NPWT, PICO, which has acquired colossal worthiness around the world.
The expanding commonness of persistent infections, like diabetes, is expected to affect the business interest generally.
This is principally inferable from the way that diabetes regularly brings about entanglements like diabetic foot ulcers.
The frequency of diabetic ulcers among the U.S. populace has been assessed to be 2% every year, which is relied upon to help the development of the market.
Consequently, expanding number of such awful injuries is projected to support the interest for wound therapeutics and thus the market.
The latest trending report Global Negative Pressure Wound Therapy (NPWT) Devices Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Negative Pressure Wound Therapy (NPWT) Devices market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 1.9% in the forecast period of 2020 to 2025 and will expected to reach USD 2170.2 million by 2025, from USD 2012.9 million in 2019.The Negative Pressure Wound Therapy (NPWT) Devices market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/31647-negative-pressure-wound-therapy-npwt-devices-market-analysis-reportThe major players covered in Negative Pressure Wound Therapy (NPWT) Devices are:AcelityPaul HartmannMölnlyckeHealthCareSmith＆NephewMedelaConvaTecAtmosCardinal HealthColoplastLohmann＆RauscherCarilex MedicalInnovative Therapies4L HealthMedlineInvacareTalleyProsperaBy Type, Negative Pressure Wound Therapy (NPWT) Devices market has been segmented intoStandalone NPWT DevicesSingle use Disposable NPWT DevicesPortable NPWT DevicesNPWT Accessories (Canister)By Application, Negative Pressure Wound Therapy (NPWT) Devices has been segmented into:Hospitals & ClinicsAmbulatory Surgery Centers (ASCs)Home CareThe report offers in-depth assessment of the growth and other aspects of the Negative Pressure Wound Therapy (NPWT) Devices market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Negative Pressure Wound Therapy (NPWT) Devices Market @ https://www.decisiondatabases.com/contact/download-sample-31647The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Negative Pressure Wound Therapy (NPWT) Devices product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Negative Pressure Wound Therapy (NPWT) Devices, with price, sales, revenue and global market share of Negative Pressure Wound Therapy (NPWT) Devices in 2018 and 2019.Chapter 3, the Negative Pressure Wound Therapy (NPWT) Devices competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Negative Pressure Wound Therapy (NPWT) Devices breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Negative Pressure Wound Therapy (NPWT) Devices market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Negative Pressure Wound Therapy (NPWT) Devices sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Negative Pressure Wound Therapy (NPWT) Devices Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-31647Other Reports by DecisionDatabases.com:Global Hormone Replacement Therapy Market 2020 by Company, Regions, Type and Application, Forecast to 2025Global Oxygen Therapy Devices Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Nitric Oxide Therapy System Market 2020 by Company, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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