Negative Pressure Wound Therapy Market

Negative Pressure Wound Therapy Market to Exhibit a Remarkable CAGR of 6.1% by 2028, Size, Share, Trends, Key Drivers,

0 Comment December 5, 2024 Uncategorized

Quick Overview of the Global Negative Pressure Wound Therapy Market Analysis

The Global Negative Pressure Wound Therapy Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.

Detailed Analysis of Global Negative Pressure Wound Therapy Industry (2023-28): Reveals Further Growth &Market Expansion

According to the most recent study, the Global Negative Pressure Wound Therapy Market size is estimated to grow at a CAGR of around 6.1% during the forecast period, i.e., 2023-28. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2023-28.

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Global Negative Pressure Wound Therapy Market Key Driver:

Intensifying post-operative adoption of NPWT devices – The growing rate of C-section surgeries has led to the increased post-operative adoption of single-use NPWT devices in recent years. Further, what has led to the expansive incorporation of negative pressure, is their exceptional benefits in terms of increased dermal perfusion, thereby stimulating the formation of granulation tissue. These benefits further accelerate wound healing and decrease bacterial colonization by reducing interstitial tissue fluid and tissue edema. Thus, maximizing the adoption of NPWT and, in turn, encouraging market expansion in the coming years.

Negative Pressure Wound Therapy Market Segmentation Analysis

-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

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Geographical Analysis:

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Here, North America is estimated to hold the lion’s share in the market, outpacing its peers. It is primarily because of the growing pool of diabetic patients across the USA and Canada that has led to a swift surge in healthcare expenditure in the past few years. In order to treat diabetic foot ulcers, NPWT devices have become the preferred treatment choice, thereby encouraging the rollout of more such devices in the market. Besides, the presence of quality healthcare device makers, such as Carilex Medical, 3M, Cork Medical, and others, within North America has apparently maximized the availability of NPWT devices, making them relatively more accessible to the end-users in all these years. For instance,

3M, an American multinational conglomerate and a global leader in healthcare devices, has a comprehensive portfolio of advanced wound care solutions backed by clinical evidence across new and growing categories such as digital technology, dressings, disposables, and connectivity.

 Key Players and Competitive Strategies in the Negative Pressure Wound Therapy Market

The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:

  • 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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Global Negative Pressure Wound Therapy Industry Recent Developments

  • In November 2022, InfuSystem Holdings Inc. and Sanara MedTech Inc. announced the establishment of a partnership named SI Wound Care, LLC. The collaboration seeks to deliver a complete wound care solution curated for improving patient outcomes, lowering the cost of care, and increasing patient and provider satisfaction. The venture apparently facilitates InfuSystem to offer innovative products, including Cork Medical LLC’s negative pressure wound therapy (NPWT) devices and supplies and Sanara’s advanced wound care product line.
  • In August 2022, 3M upgraded the delivery of its Veraflo Therapy, a negative pressure wound therapy with instillation. With the new 3M Veraflo Cleanse Choice Complete Dressing Kit and a software upgrade for the 3M V.A.C. Ulta Therapy Unit, the company is determined to reduce the cost burden to consumers. These new offerings are expected to simplify the care delivery processes for clinicians and help make dressing changes less painful and faster.

Key Report Highlights

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the globe?
  4. How has the industry been evolving in terms of geography and product adoption?
  5. How has the competition been shaping up across various regions?
  6. How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2023-28?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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