Dublin, April 13, 2023 (GLOBE NEWSWIRE) -- The "Negative Pressure Wound Therapy Devices Market, by Product Type, by Application, by End User, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides in-depth analysis of the global negative pressure wound therapy (NPWT) devices market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year.
Company Profiles
- 3M
- Cardinal Health
- Smith+Nephew
- Genadyne
- DeRoyal Industries, Inc.
- Medela AG
- Convatec Inc.
- Molnlycke Health Care AB
- PAUL HARTMANN AG
- ATMOS MedizinTechnik GmbH & Co. KG
- Talley Group Ltd
- Cork Medical, LLC
- Devon Medical Products
Negative-pressure wound therapy (NPWT), also known as vacuum-assisted wound closure, refers to wound dressing systems that continuously or intermittently apply sub-atmospheric pressure to the system, creating positive pressure on the surface of a wound.
Negative-pressure therapy technology has gained popularity as a management technique for various acute and chronic wounds or surgical wounds. Benefits of negative-pressure wound therapy include faster wound granulation and re-epithelialization, reduction of bacterial load, and increased tissue oxygenation.
Rise in adoption of advanced NPWT systems, which include open-pore foam sponge, adhesive dressing, and vacuum pump, is driving the global market.
Additionally, negative-pressure wound therapy technology provides advantages such as better healing of transplanted skin and shorter hospital stay for patients receiving split-thickness skin grafts.
Recent improvements in negative-pressure wound therapy (NPWT) devices, such as increased accuracy and efficiency in smart pressure portable NPWT devices, has led to an increase in demand for these devices. In developed countries, demand for NPWT devices is increasing in homecare settings due to safety features, easy handling, and high awareness about the devices.
Increasing awareness regarding chronic wounds and its treatments is expected to drive the market growth. Moreover, increase in the prevalence of global burden of diabetes and increase in the prevalence of chronic wounds and ulcer is expected to drive the growth of the negative-pressure wound therapy (NPWT) devices market for the forecast period.
For instance, according to a study titled 'An estimate of the economic burden of venous leg ulcers associated with deep venous disease' published by National Center for Biotechnology Information, in August 2021 reported that venous leg ulcers (VLU) account for 70% of all chronic leg ulcers and are associated with a recurrence rate of 60-70% at 10 years, globally. The deep venous ulcers are responsible for 90% of the venous return to the right atrium from the lower extremities. Such a recurrence of the condition creates the need for NPWT devices and is thus expected to drive the growth of the market.
Key features of the study:
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global negative pressure wound therapy (NPWT) devices market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global negative pressure wound therapy (NPWT) devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global negative pressure wound therapy (NPWT) devices market
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 177 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2288.1 Million |
| Forecasted Market Value (USD) by 2030 | $3789.9 Million |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
Detailed Segmentation:
Global Negative Pressure Wound Therapy (NPWT) Devices Market, By Product Type:
- Single-use NPWT Devices
- Conventional NPWT Devices
Global Negative Pressure Wound Therapy (NPWT) Devices Market, By Application:
- Diabetic Foot Ulcers
- Pressure Ulcers
- Venous Leg Ulcers
- Burn Wounds
- Others (Surgical Wounds, Traumatic Wounds, etc.)
Global Negative Pressure Wound Therapy (NPWT) Devices Market, By End User:
- Hospitals
- Home Care Settings
- Others (Ambulatory Surgery Centers (ASCs), Specialty Clinics, etc.)
For more information about this report visit https://www.researchandmarkets.com/r/w23nlc
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