Negative Pressure Wound Therapy Market- Trends, Price, Share and Growth Rate from 2017 to 2023

Our latest research report entitled Negative Pressure Wound Therapy Market (by type of device (standard, single-use NPWT devices), wound type (diabetic foot ulcers, venous leg ulcers, pressure ulcers, burn wounds and others),end use (hospitals, outpatient surgery centers, homecare setting)) provides complete and deep insights into the market dynamics and growth of Negative Pressure Wound Therapy. Latest information on market risks, industry chain structure Negative Pressure Wound Therapy cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Negative Pressure Wound Therapy growth factors.

The forecast Negative Pressure Wound Therapy Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Negative Pressure Wound Therapy on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to report the global negative pressure wound therapy market is projected to grow at a CAGR of 3.5% over the forecast period of 2017-2023. A wound is generally defined as an injury to living tissue by a cut, blow or other impact, typically one in which the skin is broken. These wounds are basically classified as chronic and acute wounds. Among these, acute wound lasts for less than eight weeks in duration and follows normal stages of wound healing, whereas chronic wounds does not proceed through the normal healing stages and lasts for longer time. There are various factors which influence the development of chronic wounds, which includes age, diabetes, obesity, cancer, chemotherapy, poor nutrition, infection, chronic illness, etc.

The wound care market comprises two main segments, namely traditional wound dressings and advanced wound care products. Traditional wound dressings are extensively used by healthcare professional particularly under dry environment to protect wound from external factors. Advanced wound care products are used by specialist professionals to provide a therapeutic effect that supports wound healing. Based on type of technology used in wound healing process, these products are divided into moist wound care dressings, biologics, negative pressure wound therapy (NPWT) devices and other therapeutic devices. Among these, NPWT therapy has become a popular method of treating a large number of acute and chronic wounds over the past decade and developed as an important addition to the vast number of wound treatments available to the healthcare professionals. This NPWT device applies suction and removes excess fluid from the wound bed through a tubing system attached to a canister with an objective to improve the wound environment and thereby promote healing. This therapy is also known as atmospheric pressure therapy and topic negative pressure therapy. The main NPWT device currently in use is the foam-based V.A.C. system developed by acelity.

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The principle driving factors fueling this market growth include rise in base of aging population, increasing demand in emerging markets, growing incidence of diabetes, increasing applications of NPWT devices and technological advancements. However, the lower pricing of devices due to increased competition globally, and reduction in reimbursements in the US and Europe could impact the market growth in the coming years. Thus, by considering above-mentioned factors, the market remains strong in the coming years with new product launches which can be used at patient’s home and increased demand for NPWT products.

Segment Covered

The report on global negative pressure wound therapy market covers segments such as, type of device, wound type and end use. On the basis of type of device the global negative pressure wound therapy market is categorized into standard NPWT devices and single-use NPWT devices. On the basis of wound type the global negative pressure wound therapy market is categorized into diabetic foot ulcers, venous leg ulcers, pressure ulcers, burn wounds and others. On the basis of end use the global negative pressure wound therapy market is categorized into hospitals, outpatient surgery centers and homecare setting.

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