Negative Pressure Wound Therapy Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
The global negative pressure wound therapy market trends are anticipated to gain a massive momentum in the forthcoming timeframe attributing to the onset of endocrine and various other chronic diseases along with the proliferating amounts of accidents and trauma, globally.
As per the reports by the Centers for Disease and Prevention, nearly 1.35 million people become the victims of the road accidents worldwide. This calls for the abundant demand of negative pressure wound therapies thereby propelling the global market dynamics.
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Reportedly, diabetes adversely affects the systems of the body while leading to the prevalence of foot ulcers in the diabetic patients. According to NCBI reports, diabetic people have 25 per cent chances of developing foot ulcers. NPWT significantly contributes in the treatment of healing the similar lacerations, lesions, and other wounds subsequently enhancing the patient outcomes and leaving a positive impact on the industry outlook.
Moreover, the technological advancements in the field of negative pressure wound therapy is expected to drive the negative pressure wound therapy market share.
The global negative pressure wound therapy market is projected to exceed USD 2.5 billion by 2025, as cited by a research report of Global Market Insights, Inc.
The convenience and positive patient outlook of the single-use negative pressure wound therapy devices can be appropriately acknowledged for the segmental growth of the product in the global market. Besides, the elimination of infection risk will also fostering the market forecast.
Accounting to the aforementioned parameters, the single-use negative pressure wound therapy segment is estimated to record over 7.5 per cent growth in the years to come , thereby adding to the market expansion. Also, the single-use negative pressure wound therapy devices hold a significant portion of the global market share as compared to the conventional negative pressure wound therapy devices.
On the other hand, the conventional negative pressure wound therapy segment is predicted to register a CAGR of over 5.5 per cent through 2025 with respect to the devices’ large size and cost efficiency.
The mounting incidences of the traumas and fire accidents across the globe augment to the segmental growth of the skin burn negative pressure therapy market share.
According to a report by the World Health Organization, over 1 lakh 80 thousand deaths have been encountered till date, worldwide due to fire breakout in the regions of low- and middle-income countries. Also, India alone has recorded over more than 1 million sufferings from moderate to severe burn injuries per year.
Based on the intensities of the skin burns, negative pressure wound therapies are altered to guarantee effective patient recuperation. The advantages delivered by negative pressure wound therapy combined with expanding frequencies of burns would escalate the segmental demand thereby stimulating the market dimensions.
The skin burn segment has been claimed to account over 20 per cent of the market revenue share.
The growth of negative pressure wound therapy market can be credited to the expansion of various end-use sectors such as the hospitals and homecare settings.
Negative pressure wound therapy market size from the homecare settings is likely to register a CAGR of over more than 7.5 per cent over 2018-2025 on the grounds of the benefits delivered by the technologically advanced NPWT devices.
Alongside, the hospital segment is expected to foresee over 5.5 per cent growth over the forecast period, accrediting to the high negative pressure wound therapy treatment in hospitals thus boosting the segmental growth.
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Partial Chapter of the Table of Content
Chapter 3. Negative Pressure Wound Therapy Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 – 2025
3.3. Industry impact forces
3.3.1. Growth drivers
184.108.40.206. Increasing incidences of chronic diseases
220.127.116.11. Growing geriatric population base worldwide
18.104.22.168. Technological advancement in negative pressure wound therapy devices in North America
22.214.171.124. Rising usage of NPWT in maxillofacial applications
126.96.36.199. Increasing number of surgical procedures globally
188.8.131.52. Positive regulatory scenario for negative wound pressure therapy devices
3.3.2. Industry pitfalls & challenges
184.108.40.206. Prohibitive cost of NPWT
220.127.116.11. Complications associated with the usage of negative pressure therapy
3.4. Growth potential analysis
3.4.1. By type
3.4.2. By wound type
3.4.3. By end-use
3.5. Porter’s analysis
3.6. Competitive landscape, 2018
3.6.1. Strategy dashboard
3.7. PESTEL analysis
Chapter 4. Negative Pressure Wound Therapy Market, By Type
4.1. Key segment trends
4.2.1. Market size, by region, 2014-2025 (USD Million)
4.3.1. Market size, by region, 2014-2025 (USD Million)