The Global Negative Pressure Wound Therapy Market is projected to grow at a CAGR of around 6.1% during the forecast period, i.e., 2023-28.
Global Negative Pressure Wound Therapy Market Dynamics:
Rising Prevalence of Pressure and Diabetic Foot Ulcers – The growing diabetic populace giving rise to diabetic foot ulcers has necessitated the need for quick and easy wound-healing techniques. Thus, the demand for NPWT devices has surged in the past few years. Moreover, more than 2.5 million people in the United States develop pressure ulcers each year, leading to higher morbidity and mortality rates, says the Agency for Healthcare Research and Quality (AHRQ). Perhaps it is why the patients here are readily opting for negative pressure treatment therapy to get rid of these ulcers and heal them faster. The steady adoption demonstrated by hospitals, home care, and others has ramped up the production of negative pressure treatment therapy devices, which, in turn, has led to market expansion in the historical years.
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Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Negative Pressure Wound Therapy Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2022
-Historical Period: 2018 to 2021
-Forecast Period: 2023-28
- By Product Type
- Conventional NPWT devices
- Disposable NPWT devices
- NPWT Accessories
- By Wound Type
- Burns and Surgical Open Wounds
- Pressure Ulcers
- Diabetic Foot Ulcers
- Venous Leg Ulcers
- Traumatic Wound
- By End User
- Home Care Settings
- Hospitals
- Others
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 3M, Alleva Medical, Cardinal Health, Carilex Medical, Convatech Group, Cork Medical, Deroyal, Genadyne Biotechnologies, Haromed Medical Technologies, Medela, Molnlcke Healthcare, Paul Hartmann AG, Pensar Medical, Smith & Nephew, Talley Group, Others.
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