The Global Negative Pressure Wound Therapy (NPWT) Devices Market size is estimated to reach USD XX billion, delivering a CAGR of XX% through 2032. The market growth is driven by a plethora of factors, including the growing prevalence of obesity, diabetes mellitus, rising casualties caused by accidents, the development of cost-effective disposable NPWT devices, and others.
Negative Pressure Wound Therapy Devices or systems are FDA approved class II devices that consist of a drainage tube, vacuum pump, and wound dressing setup that runs with the help of electricity. Negative pressure wound therapy is indicated for the application of suction to promote wound healing and for the removal of fluids such as irrigation fluids, wound exudate, infectious materials, and bodily fluids. NPWT devices find extensive application in chronic, traumatic, acute, dehisced wounds, pressure ulcers, diabetic ulcers, grafts, and skin flaps. The growing demand for wound-care management will boost Negative Pressure Wound Therapy Devices market share. Moreover, the increasing focus of industry players to roll out cost-effective wound-care treatments will foster Negative Pressure Wound Therapy Devices market revenue share over the forecast period.
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In terms of wound type, the chronic wounds segment accounted for nearly two-thirds of the negative pressure wound therapy market share in 2019 and is forecast to exhibit a notable growth rate through 2032. The growth rate can be attributed to the rising incidence of foot ulcers in diabetes patients.
In terms of product type, the single-use NPWT device segment holds a considerable chunk of the global Negative Pressure Wound Therapy Devices market revenue share and is estimated to witness the fastest growth rate. The robust growth can be attributed to the advantages associated with these devices, such as reimbursement insurance, advanced dressing options, and lightweight nature.
On the basis of end-use, the homecare setting is likely to be the fastest-growing segment through 2032. The growth is attributable to the growing popularity of NPWT therapy in homecare settings emerging with the introduction of single-use NPWT systems. These systems save both cost and time spent in hospital visits and will experience high adoption due to cost-effectiveness.
In the regional landscape, North America will account for nearly two-fifths of the global NPWT device market revenue share and is expected to witness major growth through 2032. The presence of a large geriatric patient pool, along with the rising awareness regarding these products, will stimulate regional market trends.
Asia Pacific is estimated to witness the fastest growth in the NPWT device landscape over the analysis period due to a surge in healthcare expenditure, as well as the growing prevalence of diabetes and cancer in the region. Moreover, the presence of a huge patient base suffering from acute, chronic diseases leading to severe wounds will foster regional NPWT device market share through 2032.
Key players operating in the global NPWT device market are Devon International Group, ATMOS MedizinTechnik GmbH & Co. KG, 3M (Acelity L.P. Inc.), Talley Group Ltd., Investor AB (Mölnlycke Health Care AB), Cardinal Health., ConvaTec Group Plc., Smith & Nephew Plc., Olle Larsson Holding AG (Medela AG), and DeRoyal Industries, Inc.
These industry players are adopting several strategies, such as acquisitions, mergers, collaborations, new product development, and capacity expansion, thereby supporting the overall growth of the market. Moreover, rising investments by the key industry players for the R&D activities will further bolster the Negative Pressure Wound Therapy Devices market growth over the analysis period.
For instance, Aatru Medical, LLC, a medical device company, announced on August 18, 2020, that its technical Abstract, A pilot study on closed porcine incisions of a novel low-cost, solid-state NPWT device, has been accepted for presentation at both the Symposium on Advanced Wound Care (SAWC)/Wound Healing Society and The European Wound Management Association.
Segments covered in the report
This report forecasts revenue growth at a global, regional & country level and provides an analysis of the market trends in each of the sub-segments from 2023 to 2032. For the purpose of this study,has segmented the Negative Pressure Wound Therapy Devices market on the basis of product type, wound type, end-use, and region:
Product Type Outlook (Revenue in Million USD; 2023–2032)
- Conventional NPWT Devices
- Single-Use NPWT Devices
Wound Type Outlook (Revenue in Million USD; 2023–2032)
- Chronic Wounds
- Acute Wounds
End-use Outlook (Revenue in Million USD; 2023–2032)
- Hospitals and Clinics
- Ambulatory Surgery Centers
- Home Care Settings
Regional Outlook (Revenue in Million USD; 2023–2032)
- North America
- Rest of the Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Middle East & Africa
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