Insights Into The Negative Pressure Wound Therapy Market’s Growth Opportunities Through 2023-2032 – Includes Negative Pressure Wound Therapy Market Forecast
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The growing prevalence of diabetes are expected to drive innovation in negative pressure wound therapy manufacturing, thus driving the market during the forecast period.
The global negative pressure wound therapy market is expected to grow from $2.26 billion in 2022 to $2.39 billion in 2023 at a compound annual growth rate (CAGR) of 5.89%. The negative pressure wound therapy (NPWT) market size is expected to grow to $2.97 billion in 2027 at a CAGR of 5.64%.
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Global Negative Pressure Wound Therapy Market Segments Include:
- By Product: Conventional NPWT Devices, Single Use NPWT Devices
- By Wound Type: Surgical And Traumatic Wounds, Ulcers, Burns
- By End User: Hospitals, Homecare, Other End-Users
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global negative pressure wound therapy market in 2021.
Major Market Players in the negative pressure wound therapy market include Devon International Group, ConvaTec Group plc, DeRoyal Industries Inc., Smith & Nephew plc, Acelity L.P. Inc., Mölnlycke Health Care AB.
The growing technological advancements is a key trend gaining popularity in the negative pressure wound therapy market. Major companies operating in the negative pressure wound therapy market are focusing on developing technological solutions for negative pressure wound therapy. For example, in March 2020, Smith & Nephew, a UK-based medical equipment manufacturing company announced the launch of new PICO 14 Single Use Negative Pressure Wound Therapy System (sNPWT) which is helpful for high-risk surgical patients. This system has a pump duration of up to 14 days. These are helpful in reducing the risks of wound complications.
The Negative Pressure Wound Therapy Global Market Report 2023 provides a negative pressure wound therapy market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The negative pressure wound therapy market forecast analyzes negative pressure wound therapy market size, negative pressure wound therapy market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Negative-pressure wound therapy (NPWT) is a therapeutic technique that uses a vacuum dressing to promote healing in acute or chronic wounds and enhances healing of second and third-degree burns.
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