NEGATIVE PRESSURE WOUND THERAPY (NPWT) DEVICES MARKET ANALYSIS

Negative Pressure Wound Therapy (NPWT) Devices Market, by Product Type (Single-use NPWT Devices and Conventional NPWT Devices), by Application (Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, Burn Wounds, and Others (Surgical Wounds, Traumatic Wounds, etc.)), by End User (Hospitals, Home Care Settings and Others (Ambulatory Surgery Centers (ASCs), Specialty Clinics, etc.)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023
Code : CMI103
Pages :177
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

Global Negative Pressure Wound Therapy (NPWT) Devices Market- Drivers

Increasing prevalence of chronic wounds and ulcers among the global population is expected to drive the growth of the global negative pressure wound therapy (NPWT) devices market during the forecast period.

For instance, according to an article published in the National Library of Medicine, on October 5, 2020, titled “The Incidence of Pressure Ulcers and its Associations in Different Wards of the Hospital: A Systematic Review and Meta-Analysis,” it is estimated that about 2.5 million hospitalizations annually in the U.S. are due to pressure ulcers. Moreover, in the U. S., about US$ 11 billion is spent annually by the healthcare system for the prevention and treatment of pressure ulcers.

Increase in the prevalence of diabetes is expected to the drive the market growth over the forecast period.

For instance, according to the World Health Organization (WHO), as of September 16, 2022, 422 million people globally have diabetes, and the prevalence has been rising more rapidly in low- and middle-income countries than in high-income countries. In 2019, diabetes and kidney disease due to diabetes caused an estimated 2 million deaths, globally.

Global Negative Pressure Wound Therapy (NPWT) Devices Market: Restraint

The major factors that hinder growth of the global negative pressure wound therapy (NPWT) devices market include product recall and complications caused due to NPWT devices. For instance, on December 2, 2021, the government of Canada announced the recall of Avelle Negative Pressure Wound Therapy Pump manufactured by Convatec Inc., a medical products and technologies company, due to the manufacturing defects.