Negative Pressure Wound Therapy Market Poised for 6.1% CAGR Growth Through 2028 - MarkNtel Advisors
MarkNtel Advisors has released its comprehensive analysis of Negative Pressure Wound Therapy Market, projecting a steady 6.1% CAGR growth from 2023-2028. Our team of industry specialists has exactly compiled the latest market intelligence to support stakeholders—entrepreneurs, financial analysts, and corporate strategists—in making informed, data-backed decisions.
Negative Pressure Wound Therapy Market Statistics:
Study Period- Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028): 6.1%
Market Study Report Coverage:
- Market Fundamentals: Size, share, Revenue, and historical performance metrics.
- Emerging Opportunity: The Advent of Technologically Advanced Single-Use NPWT Devices in The Home-Care Setting
- Geographical Analysis: Growth hotspots across North America, South America, Europe, Middle East & Africa, Asia-Pacific
- Competitive Benchmarking: Market leaders vs. emerging players.
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Negative Pressure Wound Therapy Market Segmentation Analysis (2023–2028)
The study analyzes significant trends in each segment of Negative Pressure Wound Therapy Market report, as well as growth estimates for 2023–2028 at the geographical levels.
As per the Report the market segment bifurcated into:
By Product Type
- Conventional NPWT devices
- Disposable NPWT devices
- NPWT Accessories
Among all, Disposable NPWT devices are expected to witness the fastest growth over the forecast period. Such considerable growth attributes to the several advantages that come in handy with these devices, such as better reimbursement insurance, improved dressing, and most importantly, the light weight of these devices.
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
Negative Pressure Wound Therapy Market Sector Growth Driver:-
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 Competitive Outlook (2023–2028)
This section discusses the major participants in Negative Pressure Wound Therapy Market, with a focus on securing new contracts in developing nations to strengthen their footprint
Competitive Analysis Cover:
- Business Description
- Product Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
List of Major Negative Pressure Wound Therapy Market Competitor
- 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
The market is highly fragmented, with a mix of global and regional players competing for market share. To Learn More About the Global Trends Impacting the Future of Top 10 Companies in Negative Pressure Wound Therapy
Negative Pressure Wound Therapy Industry Recent Developments –
- 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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