Negative Pressure Wound Therapy (NPWT) Devices Market to Surpass US$ 4,318.7 Mn by 2030 - Coherent Market Insights

Global Negative Pressure Wound Therapy (NPWT) Devices Market, by Device Type (Standalone Devices, Single-use Devices, Portable Devices, and Accessories), by Application (Diabetic Foot Ulcers, Venous Leg Ulcers, Pressure Ulcers, and Burn Wounds), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 2,560.2 Million in 2022 and is expected to exhibit a CAGR of 6.8% during the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.

Increasing adoption of organic strategies such as new product launches by key players in market is expected to drive the market growth over the forecast period. For instance, in July 2022, Smith & Nephew, the global medical technology company, announced the U.S. launch of the new PICO 14 disposable negative pressure wound therapy (sNPWT) system, which has a pump duration of up to 14 days. The new pump builds on the features and benefits of previous PICO sNPWT variants and features.

Global Negative Pressure Wound Therapy (NPWT) Devices Market– Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic and lockdowns in various countries around the world have impacted the financial health of companies across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire healthcare industry supply chain, mainly due to the severe lockdown in several regions. Private healthcare is one such sector that has been significantly impacted by the COVID-19 pandemic.

The COVID-19 has had a negative impact on the negative pressure wound therapy. As COVID-19 is highly contagious and spread from person to person with a relatively long incubation period. The spread of COVID-19 quickly became a pandemic event, causing significant disruption to healthcare, including care for patients with wounds.

Global Negative Pressure Wound Therapy (NPWT) Devices Market: Key Developments

In February 2022, Guard Medical Inc., privately-held company announced the successful completion of the post-market study of its NPsealTM at Keck Medical Center of USC. NPsealTM is the next generation, All-in-One Negative Pressure Wound Therapy (NPWT) system for the treatment of closed surgical incisions.

Browse 51 Market Data Tables and 43 Figures spread through 179 Pages and in-depth TOC on “Global Negative Pressure Wound Therapy (NPWT) Devices Market”- Forecast to 2030, Global Negative Pressure Wound Therapy (NPWT) Devices Market, by Device Type (Standalone Devices, Single-use Devices, Portable Devices, and Accessories), by Application (Diabetic Foot Ulcers, Venous Leg Ulcers, Pressure Ulcers, and Burn Wounds), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/negative-pressure-wound-therapy-devices-market-103

Moreover, patient preference is shifting from traditional wound therapies to advanced wound therapies, making the former a key trend in the NPWT device market. Advanced wound care therapies ensure rapid patient recovery by accelerating the healing process. In addition, a number of articles suggest that NPWT is superior to traditional wound therapies. According to an article published in IntechOpen, is a leading global publisher of Journals and Books within the fields of Science, Technology and Medicine, NPWT is a beneficial wound management and therapy system as it enhances protein and collagen production, diminishes bacterial colonization in patients, and reduces surgical site infection (SSIs) and wound dehiscence by 50% in high-risk patients.

Key Takeaways of the Global Negative Pressure Wound Therapy (NPWT) Devices Market:

• Global negative pressure wound therapy (NPWT) devices market is expected to exhibit a CAGR of 6.8% during the forecast period due to the recent improvements in negative pressure wound therapy (NPWT) devices such as increased accuracy and efficiency in portable NPWT devices with intelligent pressure, which have led to an increasing demand for these devices.
• Among device types, portable devices segment is estimated to hold a dominant position in the global negative pressure wound therapy (NPWT) devices market over the forecast period, owing to better management of heavy wound exudate through the portable NPWT devices and reduction in overall treatment costs due to a shorter length of stay
• Among regions, North America is estimated to account for the largest market share in the global negative pressure wound therapy (NPWT) devices market over the forecast period, owing to the easy availability of devices and, presence of large number of key players in North America, which is another major factor that drives growth of the NPWT devices market.
• Major players operating in the global negative pressure wound therapy (NPWT) devices market include Smith & Nephew plc., 3M Company (ACELITY), Devon Medical, Paul Hartmann AG, Talley Group Limited, Coloplast A/S, ConvaTec Inc., Molnlycke Health Care AB, Medela AG, Kinetic Concepts, Inc., and Cardinal Health, Inc.