Negative Pressure Wound Therapy Market : Size and Share Analysis, CAGR Status, Global Trend and Forecast Report till 2022 to 2032
The Negative Pressure Wound Therapy (NPWT) Market also known as vacuum-assisted closure, is a medical treatment used to promote wound healing. While NPWT has shown promise in some cases, it also comes with its fair share of drawbacks and limitations.
One of the main drawbacks of NPWT is the discomfort it can cause to patients. The application of negative pressure to the wound site can be painful, leading to increased anxiety and stress. Additionally, the dressing used in NPWT needs to be changed regularly, which can further contribute to discomfort and pain.
Another limitation of NPWT is the risk of infection. Although the therapy aims to create an optimal wound environment by removing excess fluid and bacteria, there is still a potential for infection. Improper application or maintenance of the therapy can introduce new pathogens into the wound or spread existing ones, leading to further complications.
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The Negative Pressure Wound Therapy (NPWT) Market is anticipated to reach US$ 6.2 billion in 2022 from an estimated value of US$ 5.9 billion in 2021. Between 2022 and 2032, the market for negative pressure wound therapy is expected to grow steadily at a CAGR of 5.2%, surpassing US$ 9.9 billion by that time. This is due to the rise in the prevalence of chronic wounds such diabetic foot ulcers, post-surgical ulcers, and pressure ulcers, as well as the rising expense of wound treatment.
Key Takeaways of NPWT Market Study
Single-use disposable negative pressure wound therapy devices, under product, are expected to exhibit a CAGR of 8% during the forecast period.
The U.S. is anticipated to dominate the global negative pressure wound therapy market and account for over 86% share of the North America NPWT market.
Hospitals and home care settings segments are expected to dominate the negative pressure wound therapy market during the forecast period, owing to significant adoption of NPWT systems.
Companies are focusing on collaborating with established research centres and other manufacturers to develop products complaint with regulations across the globe that can help in the treatment of chronic disorders.
Frequently Asked Questions About Negative Pressure Wound Therapy (Npwt) Market
Which countries have significant growth potential in the negative pressure wound therapy market over the next decade?
Countries such as China and India have a relatively large population base and incidence rates of various chronic wounds such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers, which is boosting the growth of the negative pressure wound therapy market. Besides, the number of healthcare facilities is increasing in these countries, and the demand for NPWT devices and dressings is expected to further increase over the next few years.
How are government initiatives increasing the demand for NPWT?
Increasing government initiatives in the healthcare sector in various countries are encouraging the development of newer and innovative technologies to enhance treatment methods such as NPWT. Government hospitals in various developing countries have initiated a wide range of foot-care programmes, including therapeutic health education, regular foot examinations, and screenings to identify those at high risk, significantly boosting the growth of the negative pressure wound therapy market.
Manufacturer of NPWT Devices Focusing on Launch of Portable and Disposable Devices
Over the last few years, leading manufacturer have been focusing on introducing portable and disposable NPWT devices, targeting a range of consumers, including hospitals, homecare settings, etc. Presently, a majority of NPWT devices are used in the U.S. and Europe. However, the demand for portable and disposable NPWT devices is gaining traction in APAC, Eastern Europe, and Latin America. There has been growing interest in using portable and disposable NPWT devices on closed incisions after a surgical procedure in order to inhibit potential surgical site infections (SSIs) and other wound complications in high-risk patients.
Examples of some disposable NPWT devices from top players include
V.A.C.Via Therapy System,
Prevena Incision Management System (Acelity),
PICO (Smith and Nephew PLC.),
AVELLE Negative Pressure Wound Therapy System (ConvaTec Inc.)
Negative Pressure Wound Therapy (Npwt) Market Taxonomy:
The global negative pressure wound therapy market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
Product
Standalone NPWT Devices
Single-use Disposable NPWT Devices
Portable NPWT Devices
NPWT Accessories (Canisters)
End User
Hospitals
Clinics
Home Care Settings
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