Global Negative Pressure Wound Therapy Market Overview:
The global Negative Pressure Wound Therapy market is valued at XX million US$ in 2017 and is expected to reach XX million US$ by the end of 2025, growing at a CAGR of XX % between 2018 and 2025.
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Global Negative Pressure Wound Therapy Market -Drivers and Restraints:
Rapid growth in health-care sectors, owing to increasing investments in research and development aims to provide affordable and portable user-friendly devices. These factors estimated to swell the demand for NPWT market in the future. Factors such as the growing incidence of diabetes and the availability of reimbursement for these devices in many developed countries are driving the growth of this market. Wounds are expected to account for the largest share of the market in 2018 due to their growing prevalence and the increase in spending on chronic and surgical wounds. The rising need for wound care services and increasing need of advance wound management for treating complex wounds, such as high-grade diabetic foot ulcers, pressure ulcers, venous leg ulcers, and surgical wounds among the rapidly growing geriatric population are some of the major factors responsible for the growing demand for NPWT devices in hospitals. The changing market dynamics in the emerging countries, such as China and India, offer lucrative opportunities to the market players in the industry, mainly due to the increasing incidence of acute and chronic wounds, increasing investment by international players, and government initiatives for the foreign direct investment in these nations.
Global Negative Pressure Wound Therapy Market -Geographical Segmentation:
The Negative Pressure Wound Therapy Market is geographically segmented into North America, Europe, Asia-Pacific, South America, Middle-East and Africa. North America accounted the highest market share in terms of revenue in overall market of negative pressure wound therapy across the globe.
Major players of the Global Negative Pressure Wound Therapy Market:
Acelity (US), Smith & Nephew (UK), Mölnlycke Health Care AB (Sweden), Cardinal Health (US), ConvaTec (UK), and DeRoyal (US), Lohmann & Rauscher (German), Talley Group (UK), Medela (Switzerland), and Genadyne (US) among others.
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