IMARC Group, a leading market research company, has recently released a report titled “Negative Pressure Wound Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global negative pressure wound therapy market size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Negative Pressure Wound Therapy Market?
|Market Size in 2022||US$ 2,658 Million|
|Market Forecast in 2028||US$ 3,582 Million|
|Growth rate (2023 to 2028)||CAGR of 5%|
|Base Year of the Analysis||2022|
What is Negative Pressure Wound Therapy?
The negative pressure wound therapy (NPWT), also known as vacuum-assisted closure, is a therapeutic technique for treating chronic wounds, infections, and burns. The treatment connects a vacuum dressing to a pump for creating negative pressure around the wound, thereby increasing the blood flow, and drawing out excess fluid. NPWT also aids in granulation tissue formation and wound contraction while minimizing enema and preventing infections. As a result, this therapy is used for treating diabetic ulcers, pressure ulcers, skin flaps, grafts, etc.
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What are the Growth Prospects and Trends in the Negative Pressure Wound Therapy Industry?
The rising incidences of diabetes mellitus, which often causes arterial and diabetic foot ulcers, are treated using NPWT devices. Furthermore, the growing geriatric population also increases the risks of diabetic wounds and other infections, thereby propelling the need for efficient medical procedures. Moreover, the development of technologically advanced disposable NPWT devices, with high portability and cost-effectiveness, has fostered the market growth. The rising adoption of these devices can be used for providing healthcare at home, thereby eliminating the need for prolonged hospital stays and mitigating the risks of hospital-acquired infections (HAIs). Additionally, the introduction of multi-wound NPWT devices, along with rapid integration with dynamic pressure control and leak detection systems, are also bolstering the market growth. In the coming years, the rising investments in healthcare infrastructure development are further expected to proliferate the negative pressure wound therapy (NPWT) market.
Who are the Key Players Operating in the Negative Pressure Wound Therapy Market?
The competitive landscape of the industry has also been examined with some of the key players.
- Cardinal Health Inc.
- Carilex Medical Inc.
- ConvaTec Group PLC
- Genadyne Biotechnologies Inc.
- Lohmann & Rauscher International GmbH & Co. Kg
- Mölnlycke Health Care AB (A Subsidiary of Investor AB)
- Smith & Nephew
- Talley Group
What is Included in Market Segmentation?
The report has categorized the market based on device, component, wound type, indication and end-user.
Breakup by Device:
- Conventional NPWT Devices
- Single-use NPWT Devices
Based on Component:
- Canisters and Dressings
Analysed by Wound Type:
- Chronic Wounds
- Acute Wounds
Breakup by Indication:
- Surgical and Traumatic Wounds
- Pressure Ulcers
- Venous Ulcers
- Diabetic Foot Ulcer
Based on End-User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Home Care Settings
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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