The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Negative Pressure Wound Therapy Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Negative Pressure Wound Therapy Industry (2023-2028):
According to the latest report, The Negative Pressure Wound Therapy Market is projected to grow at a CAGR of around 6.1% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Negative Pressure Wound Therapy industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2023-28
- CAGR (2023-2028): 6.1%
What are the major Driver the Negative Pressure Wound Therapy industry?
Intensifying post-operative adoption of NPWT devices – The growing rate of C-section surgeries has led to the increased post-operative adoption of single-use NPWT devices in recent years. Further, what has led to the expansive incorporation of negative pressure, is their exceptional benefits in terms of increased dermal perfusion, thereby stimulating the formation of granulation tissue. These benefits further accelerate wound healing and decrease bacterial colonization by reducing interstitial tissue fluid and tissue edema. Thus, maximizing the adoption of NPWT and, in turn, encouraging market expansion in the coming years.
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Negative Pressure Wound Therapy Market Segmentation
The Negative Pressure Wound Therapy Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Product Type
- Conventional NPWT devices
- Disposable NPWT devices
- NPWT Accessories
- By Wound Type
- Burns and Surgical Open Wounds
- Pressure Ulcers
- Diabetic Foot Ulcers
- Venous Leg Ulcers
- Traumatic Wound
- By End User
- Home Care Settings
- Hospitals
- Others
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Negative Pressure Wound Therapy Market is expected to be dominated by North America by capturing the potential market share.
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Top Companies in the Negative Pressure Wound Therapy Market
3M, Alleva Medical, Cardinal Health, Carilex Medical, Convatech Group, Cork Medical, Deroyal, Genadyne Biotechnologies, Haromed Medical Technologies, Medela, Molnlcke Healthcare, Paul Hartmann AG, Pensar Medical, Smith & Nephew, Talley Group, Others.
Recent Developments in the Global Negative Pressure Wound Therapy Market
In November 2022, InfuSystem Holdings Inc. and Sanara MedTech Inc. announced the establishment of a partnership named SI Wound Care, LLC. The collaboration seeks to deliver a complete wound care solution curated for improving patient outcomes, lowering the cost of care, and increasing patient and provider satisfaction. The venture apparently facilitates InfuSystem to offer innovative products, including Cork Medical LLC’s negative pressure wound therapy (NPWT) devices and supplies and Sanara’s advanced wound care product line.
In August 2022, 3M upgraded the delivery of its Veraflo Therapy, a negative pressure wound therapy with instillation. With the new 3M Veraflo Cleanse Choice Complete Dressing Kit and a software upgrade for the 3M V.A.C. Ulta Therapy Unit, the company is determined to reduce the cost burden to consumers. These new offerings are expected to simplify the care delivery processes for clinicians and help make dressing changes less painful and faster.
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