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Negative Pressure Wound Therapy Market 2020 by industry trends, statistics, key companies growth and regional forecast

Author : Ronak Bora | Published Date : 2020-09-15 

Negative Pressure Wound Therapy Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Global NPWT market is estimated to gain momentous pace in forthcoming years owing to a rise in the number of accidents and their associated injuries on a global level. As per CDC (Centers for Disease Control and Prevention) estimates, the number of people that are killed in road accidents annually across the globe has expanded to 1.35 million.

Moreover, the prevalence of diabetes cases throughout the world has been increasing rapidly, creating more opportunities for NPWT market size expansion. Diabetic patients suffer excessively from wounds such as foot ulcers that lead to non-healing festering sores due to decreased potential of the immune system to heal wounds. As per NCBI estimates, diabetic patients have 25% higher chance of developing foot ulcers. This factor makes diabetic patients the ideal demographic for driving the NPWT market outlook.

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Diabetic wounds accounted for a revenue share of 15.8% during the year 2018 and will witness steady growth in the near future due to the growing prevalence of diabetes among people belonging to different age groups. Diabetic foot ulcer wounds in particular are deep, non-healing, and complex in nature.

NPWT helps by distorting the extracellular matrix and activates tyrosine kinase, support the release of calcium and transport genes, accelerating the wound healing process. The benefits of NPWT towards the treatment of complex DFUs will drive market growth.

In terms of end-use, the homecare segment has registered considerable gains over the past few years due to the availability of advanced, simplified, and smart negative pressure wound therapy devices. Single-use devices are portable and treat wound leakage in home settings. Additionally, homecare negative pressure wound therapy devices are canister-free that ensure patient convenience making them a viable option.

Increased cases of accidents and trauma worldwide has amplified the need for negative pressure wound therapies. As per the U.S. Centers for Disease Control and Prevention, close to 1.35 million people across the globe succumb to road accidents.

NPWT procedures are non-invasive making them less painful and treating severe tissue injuries by applying vacuum on wound tissue. This system is convenient in nature and facilitates quick recovery from complex wounds when compared to traditional procedures.

Many companies are entering into strategic partnerships, alliances, and acquisitions to achieve a competitive edge. In the year 2019, American multinational conglomerate – 3M acquired Acelity, Inc.- a wound care entity along with its worldwide subsidiaries for a total valuation of USD 6.7 billion. With the purchase, 3M aims at applying its technologies to deliver safe and effective solutions to enhance the clinical outcomes.

Some of the prominent companies operating in the industry include DeRoyal, Cardinal Health, ConvaTec, and Acelity among many others. Diabetes often leads to incidences of foot ulcerations mainly due to peripheral and autonomic neuropathy. The use of the latest negative pressure wound therapy devices towards the treatment of such issues has supplemented growth in the market. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/negative-pressure-wound-therapy-market

Partial Chapter of the Table of Content 

Chapter 4. Negative Pressure Wound Therapy Market, By Type

4.1. Key segment trends

4.2. Single-use

4.2.1. Market size, by region, 2014-2025 (USD Million)

4.3. Conventional

4.3.1. Market size, by region, 2014-2025 (USD Million)

Chapter 5. Negative Pressure Wound Therapy Market, By Wound Type

5.1. Key segment trends

5.2. Diabetic wounds

5.2.1. Market size, by region, 2014-2025 (USD Million)

5.3. Skin burns

5.3.1. Market size, by region, 2014-2025 (USD Million)

5.4. Pressure wounds

5.4.1. Market size, by region, 2014-2025 (USD Million)

5.5. Surgical wounds

5.5.1. Market size, by region, 2014-2025 (USD Million)

5.6. Venous leg ulcers

5.6.1. Market size, by region, 2014-2025 (USD Million)

5.7. Others

5.7.1. Market size, by region, 2014-2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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