negative pressure wound therapy companies

Negative wound pressure therapy is a non-invasive technique that uses sub-atmospheric pressure to aid in the management of chronic and acute open wounds. Growth in the negative pressure wound therapy market is driven by the rising prevalence of chronic wounds worldwide, growing awareness about the benefits of NPWT, increasing need for better wound care to reduce mortality rate and continuous NPWT product launches. The key developments in the market include the introduction of nanocrystalline antibiotics in conjugation with wound therapy.Ģ017 to 2021 Market Demand Outlook for Negative Pressure Wound Therapy Market Compared To 2022 to 2032 ForecastĪs per Future Market Insights, the global negative pressure wound therapy market is projected to grow at a moderate CAGR of 5.2% between 20, in comparison to 3.4% registered from 2017 to 2021. Moreover, advancements in negative pressure wound therapy systems with advanced pressure sensing and distribution will further propel the market growth. With growing advancements in wound therapy and anti-coagulation devices, the market is expected to witness a surge in demand, and thus present a positive growth outlook. Moreover, with increased costs of replacement of dressings for negative pressure wound therapy, the adoption of these products is limited within hospital settings. The decline in the BPS value change is associated with the limitations of negative pressure wound therapy in the debridement of wounds, thus resulting in multiple changes of dressing. A negative BPS growth in H1-2022 over H1-2021 by 69 Basis Point Share (BPS) is demonstrated by the market. The variation between the BPS values observed within the negative pressure wound therapy market in H1, 2022 - outlook over H1, 2022 projected reflects a decline of 70 BPS units.

How The Market Progressed Till June 2022? This will continue to boost the negative pressure wound therapy market growth.Ĭonsequently, growing awareness about the effective nature of advanced wound care treatments like negative pressure wound therapy technology, across lower economies will expand the global negative pressure wound therapy market size during the forthcoming years.īased on the aforementioned factors, total demand in the negative pressure wound therapy market in 2021 accounted for nearly 53% of the global advanced wound care market which stood at around US$ 11.2 Billion. As a result, people opt for treatments like negative pressure wound therapy. Various research has suggested that 30% of people who develop a diabetic foot ulcer will die within 5 years.

According to the International Diabetes Federation (IDF), the total number of people living with diabetes is projected to rise to 783 million by 2045.ĭiabetes often leads to serious complications like diabetic foot ulcers which are fatal. Over the years, there has been a substantial rise in the cases of diabetes, which is expected to further escalate during the coming years. The rising prevalence of diabetes and chronic diseases across the globe is a major factor driving the growth of the negative pressure wound therapy market. NPWT is performed by applying a vacuum through a special sealed dressing. It is a therapeutic technique or sealed wound care system used to draw out fluid and infection from wounds to facilitate healing. Negative pressure wound therapy, also called vacuum-assisted wound closure, has become one of the most innovative approaches to wound care. Negative Pressure Wound Therapy Market Share of Top 5 Countries Negative Pressure Wound Therapy Market Value-based CAGR 2022-2032 Negative Pressure Wound Therapy Market Projected Size (2032)

Negative Pressure Wound Therapy Market Estimated Size (2022) Negative Pressure Wound Therapy Market Value (2021) Further, with the rising prevalence of chronic wounds such as diabetic foot ulcers, post-surgical ulcers, and pressure ulcers, and increasing wound care spending, the overall demand for negative pressure wound therapy is projected to grow at a steady CAGR of 5.2% during the forecast period between 20, totaling over US$ 9.9 Billion by 2032. The global negative pressure wound therapy market size was valued at US$ 5.9 Billion in 2021 and is expected to touch a valuation of US$ 6.2 Billion in 2022. Negative Pressure Wound Therapy Market Outlook (2022 to 2032)

Negative pressure wound therapy companies