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: Acelity (US), Smith & Nephew (UK), Mölnlycke Health Care AB (Sweden), Cardinal Health (US), ConvaTec (UK), and DeRoyal (US), Lohmann & Rauscher (German), Talley Group (UK), Medela (Switzerland), and Genadyne (US).
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
- NPWT Devices
- Single use devices
Global negative pressure wound therapy Market: Application analysis
- Surgical and traumatic wounds
- Ulcers and burns
Global negative pressure wound therapy Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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