Global Negative Pressure Wound Therapy Market Size To Grow USD 5.24 Billion by 2032 | CAGR of 6.5%
Category: HealthcareGlobal Negative Pressure Wound Therapy Market Size To Worth USD 5.24 Billion by 2032
According to a research report published by Spherical Insights & Consulting, The Global Negative Pressure Wound Therapy Market size is to grow from USD 2.79 billion in 2022 to USD 5.24 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period.
Get more details on this report -
Browse key industry insights spread across 200 pages with 123 market data tables and figures & charts from the report on " Global Negative Pressure Wound Therapy Market Size, Share, and COVID-19 Impact Analysis, By Product (Conventional NPWT Devices, Disposable NPWT Devices, and NPWT Accessories), By Wound (Burns and Surgical & Open Wounds, Pressure Ulcers, Diabetic Foot Ulcers, Venous Leg Ulcers, and Traumatic Wounds), By End-User (Hospitals, Home Care Settings, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032” Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/negative-pressure-wound-therapy-market
Negative Pressure Wound Therapy (NPWT) is a therapeutic technique used to treat various types of wounds, including burns, surgical wounds, pressure ulcers, diabetic foot ulcers, venous leg ulcers, and traumatic wounds. It involves the application of controlled negative pressure to the wound site, which helps in promoting wound healing, reducing wound exudates, and preventing infection. NPWT can be delivered through conventional or disposable devices, and it is widely used in hospitals, home care settings, and other healthcare settings. The global NPWT market is driven by factors such as increasing prevalence of chronic wounds, advancements in NPWT technology, and growing healthcare expenditures.
The disposable NPWT devices is expected to grow at a higher CAGR of 7.4% over the forecast period
The global negative pressure wound therapy (NPWT) market is divided by product type into conventional NPWT devices, disposable NPWT devices, and NPWT accessories. The disposable NPWT devices segment is anticipated to exhibit growth during the forecast period, due to increased demand for single-use and disposable medical devices, convenience in handling and disposal, reduced risk of cross-contamination, and potential cost savings associated with avoiding the need for device cleaning, maintenance, and reprocessing.
The pressure ulcer segment dominated the market with around 32.4% revenue share in 2022.
The global negative pressure wound therapy (NPWT) market is segmented based on wound type, including burns and surgical & open wounds, pressure ulcers, diabetic foot ulcers, venous leg ulcers, and traumatic wounds. Among these, the pressure ulcer segment dominates the market with the largest market share in 2022. Prolonged hospital stays of patients with pressure ulcers, increased hospital costs, and growing utilization of NPWT for pressure wound treatment are driving factors behind the growth of NPWT in the market.
The home care settings segment dominated the market with around 27.3% revenue share in 2022.
The global negative pressure wound therapy (NPWT) market is categorized by wound type, including burns and surgical & open wounds, pressure ulcers, diabetic foot ulcers, venous leg ulcers, and traumatic wounds. Among these, the pressure ulcer segment holds the largest market share in 2022. Prolonged hospital stays of patients with pressure ulcers leading to increased hospital costs, along with the growing utilization of NPWT for the treatment of pressure wounds like bedsores, are key driving factors for the growth of NPWT in the market.
North America held the largest market with around 38.7% revenue share in 2022.
Get more details on this report -
North America is a leading market for negative pressure wound therapy (NPWT), with a significant market share. This dominance can be attributed to factors such as a well-established healthcare infrastructure, a rising prevalence of chronic wounds, favorable reimbursement policies, and widespread adoption of advanced healthcare technologies. The region's strong market position is further bolstered by the presence of key market players, innovative product offerings, and high healthcare expenditures, which collectively contribute to the region's leadership in the NPWT market.
The key players in the global Negative Pressure Wound Therapy Market include Acelity L.P. Inc., Smith & Nephew, ConvaTec Group PLC, Cardinal Health, Paul Hartmann AG, Medela LLC, Genadyne Biotechnologies, Inc., Triage Meditech Pvt. Ltd., Talley Group, Alleva Medical Ltd., Lohmann & Rauscher GmbH & Co. KG, Devon Medical Products, and Mölnlycke Health Care AB.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global negative pressure wound therapy market based on the below-mentioned segments:
Negative Pressure Wound Therapy Market, By Product Type
- Conventional NPWT Devices
- Disposable NPWT Devices
- NPWT Accessories
Negative Pressure Wound Therapy Market, By Wound Type
- Burns and Surgical & Open Wounds
- Pressure Ulcers
- Diabetic Foot Ulcers
- Venous Leg Ulcers
- Traumatic Wounds
Negative Pressure Wound Therapy Market, By End-User
- Hospitals
- Home Care Settings
- Others
Negative Pressure Wound Therapy Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?