Global Negative Pressure Wound Therapy (NPWT) Market Size, Share, Opportunity, and Trends, 2023-2030 | CAGR 4.8% by RationalStat Market Report

Wilmington, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Global Negative Pressure Wound Therapy Market value is estimated at US$ 2.2 billion in 2023 and is expected to grow at a significant CAGR of over 4.8% over the forecast period of 2023-2030, according to the latest market report by RationalStat

Market Definition, Market Scope, and Report Overview

The global negative pressure wound therapy market is expected to grow steadily. Chronic wounds, such as diabetic foot ulcers and pressure ulcers, are a major global health problem. The prevalence of chronic wounds is increasing due to the aging population, the rising prevalence of diabetes, and the increasing obesity rates. NPWT is a highly effective treatment for chronic wounds. It is associated with faster wound healing, reduced risk of infection, and improved patient outcomes. As awareness of the benefits of NPWT grows, more and more clinicians are using it to treat chronic wounds.

Moreover, Technological advancements are making NPWT devices more effective, user-friendly, and affordable. This is driving the adoption of NPWT devices in both hospitals and home healthcare settings.

• According to a deep-dive market assessment by RationalStat, the global negative pressure wound therapy market has been analyzed on the basis of market segments, including type, crop type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
• Market intelligence for the global negative pressure wound therapy market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
• In addition, the long-term sector and products/services 10-year outlook and its implications on the global negative pressure wound therapy market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Negative Pressure Wound Therapy Market: Segmental and Market Share Analysis

• On the basis of type, the diabetic foot ulcers segment is dominating the global negative pressure wound therapy (NPWT) market. This is due to the high prevalence of diabetic foot ulcers and the increasing adoption of NPWT for the treatment of diabetic foot ulcers.
• Based on type, the conventional NPWT segment is dominating the global negative pressure wound therapy (NPWT) market. Conventional NPWT devices are typically used in hospitals and other healthcare settings. They are reusable and can be used to treat multiple patients. Single-use NPWT devices are typically used in home healthcare settings. They are disposable and are designed to be used on only one patient.

Report Synopsis

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global negative pressure wound therapy market include,

• In May 2023, Smith+Nephew, the global medical technology company, announced its PICO Single Use Negative Pressure Wound Therapy Systems have received an Innovative Technology contract from Vizient, Inc. the nation's largest member-driven health care performance improvement company.
• In November 2022, Medela LLC announced a new partnership with MedPro. The partnership will help expand access to Medela’s suite of wound therapy systems.

Some of the prominent players and suppliers operating and contributing significantly to the global negative pressure wound therapy market growth include Acelity L.P. Inc., Smith & Nephew plc, ConvaTec Group Plc, Mölnlycke Health Care AB, Coloplast A/S, Cardinal Health, Inc., Lohmann & Rauscher GmbH & Co. KG, Talley Group Limited, Genadyne Biotechnologies, Inc., and Medela AG, among others.

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RationalStat has segmented the global negative pressure wound therapy market based on type, product, end use, and region.

• Global Negative Pressure Wound Therapy Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Product
  • Conventional
  • Single-use
• Global Negative Pressure Wound Therapy Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
  • Diabetic Foot Ulcers
  • Venous Leg Ulcers
  • Pressure Ulcers
  • Burn Wounds
• Global Negative Pressure Wound Therapy Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End Use
  • Hospitals
  • Homecare
  • Others
• Global Negative Pressure Wound Therapy Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
  • North America Negative Pressure Wound Therapy Market
    • US
    • Canada
  • Latin America Negative Pressure Wound Therapy Market
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe Negative Pressure Wound Therapy Market
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe Negative Pressure Wound Therapy Market
    • Russia
    • Poland
    • Hungary
    • Other CIS Countries
    • Rest of Eastern Europe
  • Asia Pacific Negative Pressure Wound Therapy Market
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN
      • Indonesia
      • Thailand
      • Philippines
      • Vietnam
      • Malaysia
      • Rest of ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa Negative Pressure Wound Therapy Market
    • GCC
      • Saudi Arabia (KSA)
      • United Arab Emirates (UAE)
      • Rest of the GCC
    • South Africa
    • Nigeria
    • Turkey
    • Rest of the Middle East & Africa

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Key Questions Answered in the Negative Pressure Wound Therapy Report:

• What will be the market value of the global negative pressure wound therapy market by 2030?
• What is the market size of the global negative pressure wound therapy market?
• What are the market drivers of the global negative pressure wound therapy market?
• What are the key trends in the global negative pressure wound therapy market?
• Which is the leading region in the global negative pressure wound therapy market?
• What are the major companies operating in the global negative pressure wound therapy market?
• What are the market shares by key segments in the global negative pressure wound therapy market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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