The report aims to offers a thorough outlook of the Negative Pressure Wound Therapy Market based on various key elements, such as market drivers, limitations, threats, restraining factors, and growth prospects. The report aims to deliver a comprehensive understanding of the Negative Pressure Wound Therapy Market growth and expansion in each key region of the world. It offers accurate estimations about the expected market size and growth over the projected timeline
The global Negative Pressure Wound Therapy (NPWT) market size was USD 2.59 Billion in 2021 and is expected to register a revenue CAGR of 5.7% during the forecast period, according to latest analysis by Emergen Research.
Increasing number of accidents and prevalence of burn wounds is a major factor driving market revenue growth. NPWT, also called as vacuum assisted closure, refers to a wound dressing system, which continuously or intermittently applies negative pressure on the surface of wound. Road traffic accidents result in significant economic damages for victims, their families, and entire countries. These costs result from price of medical care, lost wages for individuals who are killed or rendered incapacitated by their injuries, and caregiving expenses for family members who must take time off from work or school to look after the injured.
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Report Scope:
Forecast Period: 2022- 2030
CAGR: 5.7%
Base Year: 2021
Number of Pages: 250
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
Geographical Segmentation:
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Negative Pressure Wound Therapy market, gauging their revenue share over the forecast timeline. Furthermore, the report analysis the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Leading Players Profiled in the Report:
Some major companies in the global market report include 3M Company, Talley Group Ltd, Smith+Nephew, Cardinal Health, Inc., Devon Medical Products, Mölnlycke Health Care AB, DeRoyal Industries, Inc., Medela AG, ConvaTec Inc., and Paul Hartmann AG.
Some Key Highlights from the Report
- The conventional NPWT segment accounted for a significant revenue share in 2021. Traditional NPWT is typically utilized for acute and chronic open wounds when primary closure is impractical such as open abdomen, trauma wounds, breast reconstruction, diabetic foot, and leg ulcers, burns, and graft sites.
- Single-use NPWT (sNPWT), which is complimentary to traditional NPWT, can be applied in stages as the course of treatment develops for wounds in the last stages of healing, where sNPWT can be worn for up to 7 days, while, wound closure can start with traditional NPWT and be continued with it depending on patient's health and the status of wound.
- The diabetic foot ulcer segment accounted for a significant revenue share in 2021. Diabetic foot ulcers are one of the most common problems connected with diabetes, putting a strain on many countries throughout the world. Faster wound healing reduces hospitalization and avoids the added morbidity associated with chronic wounds.
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Emergen Research has segmented the global negative pressure wound therapy market based on product type, wound type, end-use, and region:
· Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Conventional NPWT
- Single-Use NPWT
- Accessories
· Wound Type Outlook (Revenue, USD Billion; 2019-2030)
- Diabetic Foot Ulcer
- Pressure Ulcer
- Venous Leg Ulcer
- Burn Wounds
- Others
· End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals and Clinics
- Homecare
- Ambulatory Surgical Centers
In conclusion, the report is designed to provide an in-depth analysis of all the key change calculation factors that replicate the decisions that trigger the change, which pushes the player’s winning position profitable on the growth curve despite massive competition in the target Negative Pressure Wound Therapy market.
Key Questions Answered in the Report:
What is the growth rate of the Negative Pressure Wound Therapy market? What is the anticipated market valuation of Negative Pressure Wound Therapy industry by 2030?
What are the key growth driving and restraining factors of the Negative Pressure Wound Therapy market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Negative Pressure Wound Therapy industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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