The global negative pressure wound therapy (NPWT) market size was accounted for $xx Million in 2017. It is expected to accelerate the market by $xx Million with a CAGR of xx% during the forecast period. NPWT is a technique used to heal chronic and acute wounds. NPWT are mainly used in chronic and acute wounds like first & second degree burns, pressure ulcers, arterial ulcers, venous ulcers and diabetic ulcers. Negative pressure wound therapy devices are present in various size and shape which suits the body of patient to heal the wound. NPWT devices mostly consists of drainage tubing, dressing set and vacuum pump. Negative pressure wound therapy devices are divided into two types: conventional and single use. Growth in the occurrence of diabetes worldwide is the main concern that affects the population, NPWT market is projected to experience the fast growth. Driving factors that are increasing the negative pressure wound therapy market are rise in the elderly population which are susceptible to the chronic conditions like cardiovascular diseases and diabetes. Bed ridden patients are susceptible to pressure ulcers because of immobility, is the main contributor for negative pressure wound therapy market growth.
Growth in the healthcare industry due to growing investments in research and development which provides cost-effective and handy user friendly devices which is anticipated to surge the demand for the NPWT market over the forecast period. Growing awareness towards healthcare and policies of reimbursement by the organizations of government are helping customers to accept the healthcare technology like negative pressure wound therapy. Negative pressure wound therapy market is propelled to swell in terms of demand due to awareness regarding affordable therapy for healing wound and growth in GDP over the forecast period.
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Main element that will fuel the market is growth of hospitals with the better services for wound healing. Many of the hospitals are using their resources in procurement and preparation of skilled healthcare staff which will have impact on wound care administration and their services. Necessity for NPWT has increased widely which have advantages including decreased odds of wound showing trauma and open fractures, healing of transplanted skin and reduce mortality of patients with mediastinitis in hospitals.
Based on product, NPWT market is divided into conventional and single-use devices. Conventional devices holds largest NPWT market share in the estimated period. Rising demand for the conventional devices, as NPWT devices lessen the complications like infection at surgical site between patients with chronic wounds. Geographically, regions focusing on the development of negative pressure wound therapy market are Europe, Latin America, Asia Pacific, North America, Middle East & Africa and Rest of the World. Asia Pacific is anticipated to register highest CAGR in the coming years. North America is dominating the negative pressure wound therapy market, followed by Europe.
Key Segments in the “Global Negative Pressure Wound Therapy Market” are- By Product market is segmented into: • Conventional devices • Single Use devices By Wound Type market is segmented into: • Burns • Traumatic & surgical wounds • Ulcers By End-user market is segmented into: • Home care settings • Hospitals By Regions market is segmented into: • Europe • Asia Pacific • Latin America • North America • Middle East & Africa • Rest of World
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