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A research study titled, â€œNegative Pressure Wound Therapy (NPWT) Market by Product, Application, and End User - Global Industry Analysis and Forecast to 2025â€ published by Crystal Market Research, states that the NPWT market is projected to be around $4 billion by 2025.
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be $ 4 Billion by 2025 - Crystal Market research
A research study titled, “Negative Pressure Wound Therapy (NPWT) Market by Product,
Application, and End User - Global Industry Analysis and Forecast to 2025” published by
Crystal Market Research, states that the NPWT market is projected to be around $4 billion by
Negative Pressure Wound Therapy refers to the intermittent application of partial vacuum to a
wound by means of a motorized pump. A controlled negative pressure environment increases the
oxygenation of tissues and evacuates bacteria, edema fluid and exudate. The therapy has shown
promising capabilities in assisting healing of chronic and acute wounds such as diabetic and
pressure ulcers, partial burns and skin grafts. Diabetes is one of the most common chronic
diseases worldwide and its prevalence is increasing. As per International Diabetes Federation, as
of 2015, 415 million adults suffered from diabetes and this number is expected to reach 642
million by 2040.
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Chronic wounds segment accounted for the largest share of global NPWT market in 2016, with
diabetic foot ulcers market leading the segment, due to rising prevalence of chronic wounds such
as diabetic foot ulcers. In addition to this, surgical wounds market is projected to be the fastest-
growing segment over the forecast period.
Hospitals & clinics segment dominated the overall market in 2016, due to advent of hospitals
providing advanced health care services for the treatment of chronic and acute wounds.
Moreover, they offer better healing of transplanted skin with low chances of infections in case of
open wounds. Therefore, hospitals and clinicshave been investing towards training and
development of healthcare professionals (such as physicians, doctors, and paramedical staff),
which is set to drive the demand for NPWT devices.
North America held a major share of the overall market in 2016. This is primarily attributed to a
number of factors such as the rising incidence of diabetes mellitus, rapidly aging population,
increased adoption of technologically advanced NPWT products, and highly developed
healthcare infrastructure. Asia Pacific is expected to witness lucrative market growth over the
forecast period, due to the availability of untapped and unsaturated markets coupled with rising
demand for advanced healthcare services. Rapid economic development along with increasing
patient awareness levels is a major avenue for the companies in the NPWT market.
Top Major Market Players:
Some of the major companies include ConvaTec Inc., Mölnlycke Health Care, Acelity L.P. Inc.,
Smith & Nephew plc, Coloplast A/S, Paul Hartmann AG, Cardinal Health Inc., Medela AG,
Devon Medical, Inc., and Talley Group Limited.
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About Crystal Market Research:
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materials, technology, automotive, and energy.
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