he global negative pressure wound therapy (NPWT) market is slated to record substantial gains in the coming years, driven by an increasing number of accident-related trauma and injuries.
The global negative pressure wound therapy (NPWT) market is slated to record substantial gains in the coming years, driven by an increasing number of accident-related trauma and injuries. The Centers for Disease Control and Prevention (CDC), each year nearly 1.35 million people die in road accidents worldwide.
NPWT is a non-invasive procedure that involves the application of vacuum on the wound tissue. Generally used for treating severe tissue injuries, the therapy is more convenient and enables faster recovery from complicated wounds compared to conventional practices.
The use of NPWT in numerous surgical procedures such as oncological reconstructive surgery and maxillofacial surgery is gathering pace. The treatment is also being used in the treatment of cervicofacial infectious diseases.
Global Market Insights, Inc., estimates that the global negative pressure wound therapy market size will reach approximately US$2.5 billion by 2025. Some key trends driving future developments in the industry are highlighted below.
Rising global occurrence of diabetic wounds
Diabetic foot ulcer wounds are deep, non-healing, and complicated. NPWT serves as an effective solution for recovery from such wounds. The therapy activates tyrosine kinase and transport genes. Further, it distorts the extracellular matrix and stimulates the release of calcium, resulting in faster wound healing.
Diabetic wounds accounted for about 15.7% revenue share of the global NPWT industry in 2018. An increasing occurrence of diabetes globally is creating favorable opportunities for market players who are constantly working on developing novel solutions for these wounds.
Consistent demand for conventional NPWT devices
The demand for conventional NPWT devices is expected to rise at a 5.5% CAGR through 2026. These devices are cost-effective, immobile, larger compared to single-use devices. Hospitals and ambulatory surgical centers (ASCs) generally make use of conventional devices to reduce treatment costs for patients.
Although conventional NPWT equipment is widely used, single-use NPWT devices are likely to experience a substantial demand over the next few years.
To access sample pages of this report titled, “Negative Pressure Wound Therapy Market Size By Type (Single-use, Conventional), By Wound Type (Diabetic Wounds, Skin Burns, Pressure Wounds, Surgical Wounds, Venous Legs Wounds), End-Use (Hospitals, Homecare Settings), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents, please click on the link below:
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Increasing injury and trauma cases in Asia Pacific
The occurrence of chronic diseases in Asia Pacific countries has increased rapidly in recent years. The region has also witnessed a substantial rise in the number of diabetic patients. As a result, the percentage of individuals suffering from diabetic foot ulcers and surgical wounds is also increasing. These trends indicate a consistent demand for NPWT across the region in the future.
In 2018, Asia Pacific had captured more than 14.5% revenue share of the global NPWT industry and the region is poised to record notable growth, with a rising number of accidents and associated injuries and trauma.
Growing adoption in homecare settings
The adoption of NPWT equipment in homecare settings is growing steadily with the availability of advanced devices offering innovative features. Many of these devices are easy to use, convenient, and enable patients to tend to their wounds at the comfort of their homes.
Single-use NPWT devices, for example, are portable, canister free, and can effectively treat wound leakage in homecare settings. NPWT demand across homecare settings is projected to grow at a CAGR of over 7.5% through 2025.
The excessive costs of NPWT and the risk of numerous complications associated with the therapy may limit its adoption to some extent. However, industry players are constantly focusing on developing low-cost novel therapeutic solutions that involve a lower risk of infection or complications.
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