LONDON--(BUSINESS WIRE)--The negative pressure wound therapy market is poised to grow by USD 1.26 billion during 2020-2024, progressing at a CAGR of over 8% during the forecast period. Request free sample pages
Read the 120-page report with TOC on "Negative Pressure Wound Therapy Market Analysis Report by Product (Conventional NPWT and Single-use NPWT), Geographic segmentation (North America, APAC, Europe, South America and MEA), and the Segment Forecasts, 2020-2024".
The market is driven by the increasing prevalence of acute and chronic wounds. In addition, the increase in the aging population is anticipated to boost the growth of the negative pressure wound therapy market.
Burns or venous and diabetic ulcers among individuals leads to acute and chronic wounds. Venous ulceration is the most common type of leg ulceration. It is estimated that globally, 40-60 million traumatic wounds occur every year and 250 million to 350 million acute wounds are treated every year. Consequently, the demand for negative pressure wound therapy is increasing to promote healing in patients with acute or chronic wounds and second and third-degree burns. They are used to treat surgical and traumatic wounds such as abrasions, punctures, lacerations, incisions, venous ulcers, diabetic ulcers, and pressure ulcers. Thus, the increasing prevalence of acute and chronic wounds is expected to drive market growth during the forecast period.
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Major Five Negative Pressure Wound Therapy Market Companies:
3M Co. operates the business under various segments such as Industrial, Safety and Graphics, Health Care, Electronics and Energy, and Consumer. The company offers SNAP Therapy System and ACTIV.A.C. Therapy System.
Cardinal Health Inc.
Cardinal Health Inc. offers products through the following business units: Pharmaceutical and Medical. The company offers Cardinal Health PRO Family and Cardinal Health SVED.
Carilex Medical offers a wide range of NPWT systems including VT.100, VT.ONE, and VT.200. The company generates its revenue by manufacturing wound care management products.
ConvaTec Inc. offers products through the following business segments: Advanced Wound Care, Ostomy Care, Continence and Critical Care, and Infusion Devices. The company offers AVELLE Negative Pressure Wound Therapy System.
DeRoyal Industries Inc.
DeRoyal Industries Inc. offers products through the following business segments: ORTHOPEDIC, PATIENT CARE, SURGICAL, and WOUND CARE. The company offers NEGATIVE PRESSURE WOUND THERAPY.
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Negative Pressure Wound Therapy Market Product Outlook (Revenue, USD Billion, 2020-2024)
- Conventional NPWT
- Single-use NPWT
Negative Pressure Wound Therapy Market Geographic Outlook (Revenue, USD Billion, 2020-2024)
- North America
- South America
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