Market Scope

Market Research Future (MRFR) studied the global negative pressure wound therapy 2021 for the review period till 2023. As per MRFR assessment, the Negative Wound Therapy Market is expected to register 6.7% CAGR over the analysis period. By 2023, the negative pressure wound therapy market is expected to earn decent revenue.

Drivers and Restrains Impacting Negative Pressure Wound Therapy

The rising prevalence of chronic diseases contributing to increase in number of patients prone to fatal wounds is creating the need for negative-pressure wound therapy (NPWT) that can prompt the market expansion. The surge in application of sealed wound-care system for large chronic persistent wounds and acute complicated wounds can add to the market upsurge. The availability of modern medical technology and such assisted system by negative pressure wound therapist to promote healing can improve the growth of the market in the years to come. The rapid adoption of NPWT devices that can manage acute and chronic wounds caused in diabetic ulcers, venous ulcers, first- and second-degree burns, pressure ulcers, and arterial ulcers. The growing preference for applying vacuum to heals wound by a sealed wound dressing that draws out fluid and debris from the wound and promote blood circulation in the affected region can prompt the growth of negative pressure wound therapy market.

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The growing prevalence of chronic diseases, such as; diabetes and obesity, along with surge in expense on chronic and surgical wounds can contribute to the growth of the negative pressure wound therapy market. Moreover, the increasing causalities caused by trauma and accidents is creating the demand for global negative pressure wound therapy, which, in turn, can support the expansion of negative pressure wound therapy market in the year to come.

On the flip side, the high expense associated with this therapy compared to other conventional wound therapy and the lack of trained healthcare professionals to perform such treatment are some major concerns that are anticipated to pose serious threat to the market over the assessment period. Also, the absence of proof of the clinical adequacy of negative pressure wound therapy market can add to restrains on the market in the coming years.

Segmental Analysis of Global Negative Pressure Wound Therapy Market

The segment study of the global negative pressure wound therapy market is based on wound type, end-user, and product type.

The product type-based segments of the global negative pressure wound therapy market are conventional negative pressure wound therapy devices, single-use negative pressure wound therapy devices, and accessories. The conventional segment is likely to hold the largest market share of the overall market owing to the surging demand for the conventional negative pressure wound therapy devices for managing wound exudates.

The mode of wound type-based segments of the global negative pressure wound therapy market are ulcers, traumatic wounds, surgical, and burns. The segment of ulcers is expected to acquire considerable revenue for the market and the segment is studied for venous ulcers, pressure ulcers, and diabetic foot ulcers among others. The segment of surgical and traumatic wounds is expected to account for the highest share of the overall market owing to the surge in prevalence of wounds and the rise on spending to treat chronic and surgical wounds.

The end-users-based segments of the global negative pressure wound therapy market are hospitals, and home care settings among others. The segments of the hospitals is likely to secure the largest share of the global NPWT market owing to the rise in number of surgeries that are performed in hospitals.

Regional Insights of Global Negative Pressure Wound Therapy Market

The regional study of the negative pressure wound therapy market is assessed across Asia-Pacific, Europe, Americas, and the Middle East Asia and Africa.

The market of negative pressure wound therapy market in the Americas is anticipated to retain its forefront position in the global market. The presence of robust healthcare sector and surge in accidents, along with the increase in cases of diabetes foot can promote the negative pressure wound therapy in the healthcare sector.

Competitive Dashboard of Global Negative Pressure Wound Therapy Market

Lohmann Rauscher International GmbH Co. Kg, Mölnlycke Health Care AB (A Subsidiary of Investor AB), Smith Nephew, Talley Group, Medela, DeRoyal Industries Inc., Genadyne, ConvaTec Group Plc, and ACELITY L. P. Inc., Cardinal Health are some reputed companies in the worldwide negative pressure wound therapy market that are listed by MRFR.

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