Negative Pressure Wound Therapy Market Forecast 2023-28: Unleashing Growth Potential and Profitability

Negative Pressure Wound Therapy Market - Industry Trends and Forecast to 2028

MarkNtel Advisors, a prominent market research firm, has recently published a report titled Negative Pressure Wound Therapy Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Negative Pressure Wound Therapy market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.

Negative Pressure Wound Therapy Reports Highlights

What is the size of the Negative Pressure Wound Therapy Market?

The Global 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 market is primarily driven by the surge in accidents and traumatic events that results in the need for faster dressing techniques. With the ability to ensure wounds packing in a sterile way, absorb extra moisture lying in the tissue bed, and reduce swelling wounds, Negative Pressure Wounds Therapy (NPWT) has become the preferred treatment choice in recent years. Moreover, deep-rooted chronic diseases have called for more adoption of these techniques, thereby raising the demand for NPWT devices across the world.

What do the growth prospects and trends look like in the Negative Pressure Wound Therapy Industry?

Rising Prevalence of Pressure and Diabetic Foot Ulcers - The growing diabetic populace giving rise to diabetic foot ulcers has necessitated the need for quick and easy wound-healing techniques. Thus, the demand for NPWT devices has surged in the past few years. Moreover, more than 2.5 million people in the United States develop pressure ulcers each year, leading to higher morbidity and mortality rates, says the Agency for Healthcare Research and Quality (AHRQ). Perhaps it is why the patients here are readily opting for negative pressure treatment therapy to get rid of these ulcers and heal them faster. The steady adoption demonstrated by hospitals, home care, and others has ramped up the production of negative pressure treatment therapy devices, which, in turn, has led to market expansion in the historical years.

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What Components are encompassed within Negative Pressure Wound Therapy Market segmentation?

The report has divided the market into the following segments:

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.

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Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

-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.

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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