Dublin, April 13, 2023 (GLOBE NEWSWIRE) -- The "Negative Pressure Wound Therapy (NPWT): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Negative Pressure Wound Therapy (NPWT) estimated at US$2.4 Billion in the year 2022, is projected to reach a revised size of US$4 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2022-2030.
Conventional, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$2.7 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Single-Use segment is readjusted to a revised 7.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 9.9% CAGR
The Negative Pressure Wound Therapy (NPWT) market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$278.7 Million by the year 2030 trailing a CAGR of 9.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.
Select Competitors (Total 54 Featured) -
- 3M Company
- Alleva Medical Ltd.
- ATMOS MedizinTechnik GmbH & Co. KG
- B. Braun Melsungen AG
- Cardinal Health, Inc.
- Carilex Medical GmbH
- ConvaTec Inc.
- Cork Medical, LLC
- DeRoyal Industries, Inc.
- Devon Medical Products
- Genadyne Biotechnologies, Inc.
- Lohmann & Rauscher GmbH & Co. KG
- Medela AG
- Molnlycke Health Care AB
- Paul Hartmann AG
- Smith & Nephew PLC
- Talley Group Limited
- Triage Meditech Pvt. Ltd.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 443 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2.4 Billion |
| Forecasted Market Value (USD) by 2030 | $4 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- COVID-19-Led Delay in Wound Care: The Dire Picture & Efforts to Improve Outcomes
- Pandemic Shifts Focus to Home-Based Wound Care
- Competition
- Negative Pressure Wound Therapy (NPWT) - Global Key Competitors Percentage Market Share in 2021 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
- Wound & Wound Management: A Prelude
- What is Negative Pressure Wound Therapy (NPWT)?
- Negative Pressure Wound Therapy: Indications and Contraindications
- Factors Driving Progression of Negative Pressure Wound Therapy
- Single Use NPWT Experience Strong Growth Bolstered by Inherent Attributes and Increased Shifting of Wound care to Home Care Settings
- Recent Market Activity
- World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Emphasis on Preventive Wound Healing Bodes Well for NPWT Market
- EXLeading Nosocomial Infections in the US: Percentage Breakdown of Healthcare Cost from Leading Five Infections
- Rise in Caesarean Section Procedures Spurs Post-Operative Use of NPWT Devices
- Number of Cesarean Section Procedures in the US (per 1,000 live births): 2008-2019
- Technological Advancements and New Product Launches Crucial to Sustain Future Growth
- Advancements in Foams and Dressings Extend NPWT Application to Outpatient Settings
- Hybrid Negative Pressure Wound Therapy (hNPWT) Widens Growth Prospects
- NPWTi-d Takes Negative Pressure Wound Therapy to Next Level with Cost Benefits
- Rising Incidence of Chronic Wounds and Increasing HealthCare Burden Catalyze Growth Prospects
- Chronic Wounds: Select Statistics
- Global Prevalence of Wounds (in Millions)
- Healing Time by Type of Wound (in Days)
- How NPWT Aids in Healing of Acute Wounds
- Rise in Prevalence of Pressure Ulcers to Drive Growth
- EXHIBIT Pressure Ulcer Occurrence Rate Based on the Length of Surgery
- Global Epidemics of Diabetes and Increasing Incidence of DFUs to Propel Market Growth
- World Diabetes and Population Statistics (2019, 2030 & 2045)
- World Diabetes Prevalence (2000 - 2040P)
- Global Diabetes Mellitus Population Breakdown by Geographic Region: 2019, 2030 and 2045
- Aging Population: A Strong Growth Driver
- Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/o3dq4d
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