Yahoo Finance Global Negative Pressure Wound Therapy (NPWT) Devices Market to Surpass US$ 4,318.7 Million by 2030, Says Coherent Market Insights (CMI)
Seattle, Aug. 16, 2022 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global negative pressure wound therapy (NPWT) devices market is estimated to be valued at US$ 2,560.2 million in 2022 and is expected to exhibit a CAGR of 6.8% during the forecast period (2022-2030).
Key Trends and Analysis of the Global Negative Pressure Wound Therapy (NPWT) Devices Market:
Major players operating in market are focusing on adopting growth strategies such as technological advancements and new product approvals, which is expected to drive the market growth over the forecast period. For instance, in May 2021, ExtriCARE USA, a national medical device company specializing in negative pressure wound therapy (NPWT) distribution, had introduced a hybrid technology to the wound care market. Through hybrid technology (hNPWT), clinicians can tailor the application based on the patients' distinct needs. ExtriCARE USA's hybrid model would allow clinicians to be more efficient by simplifying the NPWT process.
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Key Market Takeaways:
Global negative pressure wound therapy (NPWT) devices market is expected to exhibit a CAGR of 6.8% during the forecast period, owing to the increase in geriatric population around the world, which are highly susceptible to various diseases that lead to the formation of various types of wounds
Among device type, single use device segment is expected to hold a dominant position over the forecast period, owing to increasing health concerns due to which people prefer using single-use products to manage chronic and acute wounds
On the basis of application, diabetic foot ulcers segment is expected to hold a dominant position over the forecast period, owing to increasing prevalence of diabetic foot ulcers. For instance, according to an article published in the World Journal of Diabetes, in 2022, the global prevalence of diabetic foot ulcers is reported at 6.3%, with diabetic foot ulcers being more common in men than women and in type 2 diabetes mellitus than type 1 diabetes mellitus. The recurrence rate of DFUs is also high.
Competitive Landscape:
Key players operating in the global negative pressure wound therapy (NPWT) devices market include Smith & Nephew plc., 3M Company (ACELITY), Devon Medical, Paul Hartmann AG, Talley Group Limited, Coloplast A/S, ConvaTec Inc., Molnlycke Health Care AB, Medela AG, Kinetic Concepts, Inc., and Cardinal Health, Inc.
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Market Segmentation:
Global Negative Pressure Wound Therapy (NPWT) Devices Market, By Device Type:
Standalone Devices
Single-use Devices
Portable Devices
Accessories
Global Negative Pressure Wound Therapy (NPWT) Devices Market, By Application:
Diabetic Foot Ulcers
Venous Leg Ulcers
Pressure Ulcers
Burn Wounds
Global Negative Pressure Wound Therapy (NPWT) Devices Market, By Region:
North America
By Country
U.S.
Canada
Latin America
By Country
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Country
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Country
GCC
Israel
Rest of Middle East
Africa
By Region/Country
South Africa
Central Africa
North Africa
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About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
CONTACT: Mr. Shah Senior Client Partner – Business Development Coherent Market Insights Phone: US: +1-206-701-6702 UK: +44-020-8133-4027 Japan: +81-050-5539-1737 India: +91-848-285-0837 Email: sales@coherentmarketinsights.com Website: https://www.coherentmarketinsights.com
