Global Negative Pressure Wound Therapy Market: Full Year 2016-2026 Results | Estimated to be Worth USD 1.85 Billion in 2018 and is Projected to Reach USD 2.74 Billion by 2026: Proficient Market
At Proficient Market, Global Negative Pressure Wound Therapy Market research report presents a comprehensive overview of market size, share, evolution, trends, and forecast, and growth opportunities of negative pressure wound therapy market by product type, application, key manufacturers and key regions and countries. This report offers comprehensive analysis on global negative pressure wound therapy market along with, market trends, drivers, and restraints of the negative pressure wound therapy market. In-depth study of market size with data Tables, Bar & Pie Charts, and Graphs & Statistics which helps easy to understand detailed breakdown of market.
According to the report, Global negative therapy Market in 2018 stood at USD 1.85 billion and is expected to reach USD 2.74 billion by 2026 growing at a CAGR of 5.1% from 2020 to 2026.
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Global negative pressure wound therapy is a method of treatment and dressing of wounds. This method, uses a method of continuous, or intermittent application of negative pressure on the surface of the wound. This therapy promotes wound healing by applying vacuum through a sealed wound dressing. This vacuum draws out fluid and debris from the wound and increases blood supply to the affected area. NPWT devices are majorly used to manage various types of acute and chronic wounds such as diabetic ulcers, venous ulcers, arterial ulcers, pressure ulcers, and first- and second-degree burns. The increased in the negative pressure wound therapy is driven by several factors such as prevalence of chronic diseases such as diabetes mellitus and obesity, increase in casualties caused by accidents & trauma, surge in patient awareness about NPWT devices, growth in geriatric population, and technological advancements such as development of cost-effective disposable NPWT devices.
Global Negative pressure wound therapy Market Key Players: The research study includes profiles of leading companies operating in the global negative pressure wound therapy market. Key players profiled in the report include:
Smith & Nephew (UK)
Mölnlycke Health Care AB (Sweden)
Cardinal Health (US)
and DeRoyal (US)
Lohmann & Rauscher (German)
Talley Group (UK)
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Drivers for the Global negative pressure wound therapy Market: Increasing prevalence of chronic disease is one of the major attributes for the growth of the market for the estimated forecast period. Moreover, increased number of incidences of accidents is also one of the major aspects, which is likely to boost the growth of the market for the estimated forecasts period.
Opportunities for the Global negative pressure wound therapy Market: Increasing investments is also one of the major aspects, which is likely to boost the growth of the market for the estimated forecast period. Moreover, increasing geriatric population is also one of the major aspects, which is likely to have an impact on the growth of the market for the estimated forecast period.
Restrains for the Global negative pressure wound therapy Market: Increased costs of the medication is one of the major aspects, which hinder the growth of the market for the estimated forecast period. Moreover, lack of awareness among the consumers is also one of the attributes which hinders the growth of the market for the estimated forecasts period.
Region Wise, Global negative pressure wound therapy Market Analysis: North America has been the innovation hub for the healthcare industry. Factors such as investment upheaval in healthcare models and reimbursement policies are bolstering the growth of the NPWT market in this region. Furthermore, the U.S. continues to represent the most worthwhile value-capture opportunities. Concerned by the inflating patient pool of chronic wounds, including diabetic foot ulcers, venous leg ulcers, and pressure ulcers, governments in Asia Pacific excluding Japan (APEJ) are establishing healthcare facilities at scale.
Global negative pressure wound therapy Market: Product analysis
Single use devices
On the basis of type, NPWT devices accounted for largest share of total revenue generated. Because, of the increased ability of conventional NPWT systems to manage severe wound exudates. This is one of the major factor, is likely to boost the growth of the market for the estimated forecast period.
Global negative pressure wound therapy Market: Application analysis
Surgical and traumatic wounds
Ulcers and burns
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The demand of Global negative pressure wound therapy Market is highest from surgical and traumatic wounds, due to increased demand for the surgeries and accidents, leading to the surgeries, increased geriatric population, which is one of the major factor for the escalated growth of the segment in the estimated forecast period.
Global Negative Pressure Wound Therapy Market Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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