Single-Use Negative Pressure Wound Therapy Devices Market projected to reach US$ 892.32 million by 2028 says, The Insight Partners
According to The Insight Partners market research study titled “Single-Use Negative Pressure Wound Therapy Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Wound Type and End User,” the market is expected to reach US$ 892.32 million by 2028 from US$ 462.05 million in 2020. It is estimated to grow at a CAGR of 8.7% from 2021 to 2028. The report highlights the trends prevalent in the market and the factors driving the market along with those that
Negative pressure wound therapy (NPWT) is used for managing a wide
act as deterrents to its growth. range of wound types, including traumatic, hard-to-heal, and chronic wounds. It is also used to manage wounds that are covered with flaps or a skin graft. NPWT is transformed into a medical device such as a single-use NPWT device, and it is a small pocket-sized battery-operated device. As the name suggests, these are disposable and portable devices generally used for outpatient care.
Get sample PDF Copy at: https://www.theinsightpartners.com/sample/TIPRE00020017/
Single-Use Negative Pressure Wound Therapy Devices Market: Competitive Landscape
Prominent players operating in single-use negative pressure wound therapy devices market include Cardinal Health Inc; ConvaTec Group Plc; Carilex Medical; Genadyne Biotechnologies, Inc.; H and R Healthcare; Lohmann & Rauscher GmbH & Co. KG; Medela AG; Mölnlycke Health Care AB; Paul Hartmann Ag; and Smith & Nephew plc.
The companies have maximized their growth with several organic strategies to enhance the market value and maintain position in the market. For instance, in March 2020, Smith & Nephew launched its new PICO 14 Single Use Negative Pressure Wound Therapy System. It has a pump duration of up to 14 days. The pump is based on previous PICO sNPWT variants' innovations and advantages. The pump is so enhanced that it requires less user intervention. Such constant developments in the existing products are required to offer efficient product quality and services for improving patient’s health.
Rising Incidence of Chronic Diseases
Chronic diseases and their associated disorders are among the major indications affecting the human population globally. As per the National Center for Chronic Disease Prevention and Health Promotion, these diseases persist for one year or more and may require medical attention for performing daily activities. Moreover, as per the Centers for Disease Control and Prevention (CDC's) data in January 2021, chronic diseases such as heart disease, cancer, and diabetes are among the leading causes of morbidity, mortality, and disability in the US. It is estimated to account for ~US$ 3.8 trillion in the nation's annual health care expenses. Chronic diseases can cause long-term injuries and make the healing of wounds, such as post-surgical wounds and accident-led wounds, difficult. Different types of devices are used to manage the wounds as the wounds need to be cleaned regularly. Negative pressure wound therapy systems are used to manage and ease wound healing. It is an FDA Class II device that operates on a battery or electricity, and each device consists of a vacuum pump, drainage tubing, and wound dressing set. The systems help in wound-healing through negative pressure (suction). They also help remove fluids such as irrigation solutions, bodily liquids, wound exudate, and infectious materials present in the wound area.
According to a study published by the National Center for Biotechnology Information in August 2020, diabetic foot ulcers were among the possible causes of non-traumatic amputations in the US. About 5% of patients suffering from diabetes mellitus develop foot ulcers, and 1% need an amputation procedure. The patients in such conditions require periodic wound cleaning and dressing that can be accomplished using wound therapy devices. Continuous developments in medical devices related to wound therapy, as well as rise in prevalence of diseases such as diabetes, cancer, and diabetes—which might lead to ulcers, pressure ulcers, and wounds associated with different surgical procedures—are driving the single-use negative pressure wound therapy market.
Single-Use Negative Pressure Wound Therapy Devices Market Segmentation Review
In terms of wound type, the single-use negative pressure wound therapy devices market is segmented into traumatic, surgical, venous leg ulcers, diabetic foot, sports injuries, and others. In 2020, the traumatic segment accounted for the highest share of the market. It is estimated to dominate the market during the forecast period. The growth of the market is attributed to factors such as increasing rate of road accidents, rising innovations in wound care products, increasing R&D activities, rising advancements in the field of wound care research, and increasing awareness about wound care treatment & management.
Based on end user, the single-use negative pressure wound therapy devices market is segmented into hospitals, clinics, ambulatory surgical centers, and others. In 2020, the hospitals segment held the largest share of the market. In addition, the hospitals segment is expected to grow at the fastest rate during the forecast period as a result of availability of advanced techniques for single-use negative pressure wound therapy devices.
Single-Use Negative Pressure Wound Therapy Devices Market Research Study at: https://www.theinsightpartners.com/buy/TIPRE00020017/
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
If you have any queries about this report or if you would like further information, please contact us: