Negative Pressure Wound Therapy Market Forecast 2028: Key Players and Emerging Trends

 

Future of Negative Pressure Wound Therapy Market: Key Dynamics, Size & Share Analysis

The Global Negative Pressure Wound Therapy Market is projected to grow at a CAGR of around 6.1% during the forecast period, i.e., 2023-28. The market is primarily driven by the surge in accidents and traumatic events that results in the need for faster dressing techniques. With the ability to ensure wounds packing in a sterile way, absorb extra moisture lying in the tissue bed, and reduce swelling wounds, Negative Pressure Wounds Therapy (NPWT) has become the preferred treatment choice in recent years. Moreover, deep-rooted chronic diseases have called for more adoption of these techniques, thereby raising the demand for NPWT devices across the world.

Top Challenges Impacting the Negative Pressure Wound Therapy Market Growth

The exponential increase in the cost burden exerted by choric wound treatment has led to the advanced, innovative, and cost-efficient single-use NPWT devices in the past few years. With greater demand coming up every year owing to a visible increase in fatalities, technologically advanced NPWT devices in home care settings appear as an opportunistic area for the market players. For instance, In May 2019, KCI Licensing, Inc. received U.S. FDA approval for the DERMATAC drape. These drapes are a proprietary silicone-acrylic hybrid facilitating clinical and operational benefits to the patient in home care settings.

Understanding the Core Segments in the Negative Pressure Wound Therapy Market

Negative Pressure Wound Therapy Market Size, Share & Industry Trends Analysis- By Product Type (Conventional NPWT devices, Disposable NPWT devices, NPWT Accessories), By Wound Type (Burns and Surgical Open Wounds, Pressure Ulcers, Diabetic Foot Ulcers, Venous Leg Ulcers, Traumatic Wound), By End User (Home Care Settings, Hospitals, Others.

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Geographical Analysis of the Negative Pressure Wound Therapy Market

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Here, North America is estimated to hold the lion’s share in the market, outpacing its peers.

Who Dominates the Negative Pressure Wound Therapy Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.d

  • 3M
  • Alleva Medical
  • Cardinal Health
  • Carilex Medical
  • Convatech Group
  • Cork Medical
  • Deroyal
  • Genadyne Biotechnologies
  • Haromed Medical Technologies
  • Medela
  • Molnlcke Healthcare
  • Paul Hartmann AG
  • Pensar Medical
  • Smith & Nephew
  • Talley Group
  • Others

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