Negative Pressure Wound Therapy Market Size By Type (Single-use, Conventional), By Wound Type (Diabetic Wounds, Skin Burns, Pressure Wounds, Surgical Wounds, Venous Legs Wounds)
August 19, 2019 /MarketersMedia/ —
The global negative pressure wound therapy market is poised to garner substantial returns over the coming years owing to numerous benefits compared to conventional wound care methods. NPWT methods, also known as wound vac therapy, helps in wound healing by applying a vacuum using special sealed dressing. The vacuum draws out fluid from the wound and improves blood flow to the affected area.
One of the main factors propelling the global NPWT market is the rising prevalence of chronic disorders like diabetes and cancer. Bodily wounds, in such cases, if left untreated could lead to amputations. The adoption of NPWT devices for faster recovery and more effective treatment of such conditions will drive global negative pressure wound therapy industry share in the ensuing years.
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Increasing adoption of sedentary lifestyle, especially in urban regions, has paved the way for unhealthy habits such as lack of exercise, unhealthy snacking, high alcohol intake, and more. This has increased susceptibility towards conditions like diabetes among individuals of all age groups. Foot ulcerations are a frequent complication in diabetic cases, often due to peripheral and autonomic neuropathy. Use of NPWT devices for the treatment of such cases will propel negative pressure wound therapy market.
Skin burns also account for considerable proceeds due to the high occurrences of fire accidents, and lack of fire safety in residential and commercial structures. Burns can lead to severe infections, disability, and in worst cases even death. Patients with severe skin burns are often advised to receive negative pressure wound vac therapy for fast and effective recovery. The advantages associated with NPWT devices for burn injuries will trigger negative pressure wound therapy industry growth.
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Industry players are aiming to introduce more advanced wound care procedures and devices that can aid in faster recovery and involve minimally invasive procedures. Adoption of such technologies will further propel negative pressure wound therapy industry share.
On the basis of type, the NPWT market is bifurcated into single-use negative pressure or conventional negative pressure wound therapy. The single-use negative pressure wound therapy type has amassed hefty valuation in the past and is anticipated to continue its growth trend in the coming years. The use of single-use NPWT devices for faster recovery from burns, infections, and ulcers is estimated to increase given the rising prevalence of chronic ailments, which will continue to foster segmental growth.
Conventional NPWT devices are slated to witness considerable growth owing to the emergence of ambulatory surgical centers. Conventional NPWT treatments are inexpensive compared to advanced NPWT treatment, hence, ambulatory surgical facilities majorly depend on these treatments to provide low-cost services. Conventional NPWT therapy offers almost all features of single-use NPWT devices with the advantage of reusability, which would be a major factor influencing conventional NPWT devices market growth in the coming years.
North America NPWT market is likely to procure significant revenue share in the succeeding years. The region comprises developed nations like the U.S and Canada, both of which rank among the world’s most overweight countries. On account of the high obesity rates, the prevalence of chronic ailments is high, which is a positive influence for the region’s negative wound vac therapy demand. Moreover, increasing FDA approvals for NPWT devices will further escalate North America negative pressure wound therapy industry.
The high success rates of NPWT devices will continue to encourage the adoption of negative pressure wound vac therapy. Furthermore, the proportion of industry players in the market is moderate, meaning there is scope for new entrants seeking growth opportunities in the NPWT industry, which will help expand market size in the future.
According to a research report by Global Market Insights, Inc., negative pressure wound therapy market is anticipated to surpass $2.5 billion by the end of 2025.
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Name: Arun Hegde
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Organization: Global Market Insights, Inc.
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Source: MarketersMedia
Release ID: 88909059
