Negative pressure wound therapy is a medical procedure in which a vacuum dressing is used on the surface of the wound which heals the acute, chronic and burn wounds.
Negative pressure wound therapy is a medical procedure in which a vacuum dressing is used on the surface of the wound which heals the acute, chronic and burn wounds. Negative pressure wound therapy is used treatment of various medical conditions such as diabetic ulcers, venous ulcers, arterial ulcers etc.
The global negative pressure wound therapy (NPWT) market report has been segmented on the basis of device type, application, and region. Increasing number of cases of chronic and acute wound is major factor expected to drive the market growth over the forecast period. Furthermore, diabetes is major cause of leg ulcers and increasing prevalence of diabetes is expected to propel the market growth over the forecast period. In addition, technological advancements and rising awareness regarding the negative pressure wound therapy is expected to boost the market growth.
Based on device type, the market is segmented based on conventional NPWT, and single-use NPWT. The single-use NPWT segment is expected to witness rapid growth rate over the forecast period owing to the technological advancements by manufacturers and cost-effectiveness. Furthermore, it is widely used in homecare setting.
Based on therapeutic application, the market is segmented based on diabetic foot ulcers, venous leg ulcers, pressure ulcers, burn wounds, and others. The diabetic foot ulcers segment is expected to witness rapid growth rate over the forecast period owing to increasing prevalence of diabetes globally.
Based on region, the global negative pressure wound therapy (NPWT) market is segmented into North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America contributes major market share and expected to maintain its dominance over the forecast period. Asia Pacific is expected to witness rapid growth rate over the forecast period. This is attributed to the rapidly growing ageing population. In addition, increase in the demand of negative pressure wound therapy (NPWT) for treatment of acute and chronic wounds in China and India is excepted to fuel the market growth.
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Some prominent players in the global negative pressure wound therapy (NPWT) market are Acelity L.P. Inc., Talley Group Limited, Smith & Nephew plc, Devon Medical, Inc., Medela AG, Cardinal Health, Inc., Kinetic Concepts, Inc., Coloplast A/S, Molnlycke Health Care AB, and Paul Hartmann AG.