Research Nester published a report titled “Negative Pressure Wound Therapy (NPWT) Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global negative pressure wound therapy (NPWT) market in terms of market segmentation by device type, wound type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global negative pressure wound therapy (NPWT) market is estimated to garner a CAGR of ~6% over the forecast period. The market is segmented by wound type into diabetic wounds, skin burns, pressure ulcers, surgical wounds, and venous legs wounds. Out of which the diabetic wound sub-segment is projected to witness significant growth on the back of rising cases of diabetes. The data released by the World Health Organization states that about 422 million people have diabetes worldwide.
The global negative pressure wound therapy (NPWT) market is expected to grow during the forecast period on the back of rising cases of chronic wounds in the world. Furthermore, the rising cases of surgeries and diabetic foot ulcers are also projected to boost the global negative pressure wound therapy (NPWT) market growth during the forecast period. Additionally, the global negative pressure wound therapy (NPWT) market is expected to foster remarkable growth owing to the rising geriatric population. Negative pressure wound therapy (NPWT) is helpful in promoting wound healing by eliminating healing inhibitors and increasing the blood flow to heal the wound at a rapid rate. NPWT also helps in healing the wound in lesser time, which is the reason the global negative pressure wound therapy (NPWT) market is expected to grow significantly during the forecast period.
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Regionally, the global negative pressure wound therapy (NPWT) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America region is estimated to witness significant growth over the forecast period owing to the presence of a well-established healthcare infrastructure. The Europe region is also estimated to witness significant growth over the forecast period on account of the flexible guidelines by the government and the growing geriatric population.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Rising Cases of Chronic Wounds to Boost the Market Growth
The report released by the National Center for Biotechnology Information that 2% of the total population is estimated to be affected by chronic wounds.
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Negative pressure wound therapy is efficient for treating chronic wounds. On the back of mushrooming patients with chronic wounds, the global negative pressure wound therapy (NPWT) market is estimated to grow during the forecast period. Moreover, the negative pressure wound therapy (NPWT) is effective in healing burn wounds efficiently, owing to this the global negative pressure wound therapy (NPWT) market is expected to grow significantly.
However, complications associated with the therapy are expected to operate as a key restraint to the growth of the global negative pressure wound therapy (NPWT) market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global negative pressure wound therapy (NPWT) market which includes company profiling of Smith & Nephew, Convatec Group, Molnlycke Health Care AB, Talley Group Ltd, PAUL HARTMANN AG, Lohmann & Rauscher GmbH & Co. KG, Alleva Medical Ltd., Carilex Medical Group, Pensar Medical, LLC and Haromed bvba. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global negative pressure wound therapy (NPWT) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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