Single-use negative pressure wound therapy devices market was valued at USD 498.3 million in 2021 and it is anticipated to grow further to USD 1145.4 million by 2031, at a CAGR of 8.7% during the forecast period.
Negative pressure wound therapy, commonly referred to as vacuum-assisted wound closure, is used to cure wounds and drain fluids from the wound site. Pressure ulcers, diabetic ulcers, skin flaps, and other wounds can all be treated with negative pressure wound therapy.
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Market Trends and Drivers
During the forecast period, there is likely to be a rise in demand for effective negative pressure wound therapy devices due to the rising prevalence of diabetes and other chronic wounds worldwide. For instance, the American Diabetes Association reports that in June 2022, approximately 7 million Americans had a chronic wound, including 2 million people who had diabetic foot ulcers. In actuality, foot ulcers affected one in four diabetics. Up to 85% of amputations caused by diabetes had a foot ulcer first.
Market Restraints and Challenges
The high cost of the devices is the main factor impeding the growth of the global market for negative pressure wound therapy (NPWT) devices. Market expansion is anticipated to be restricted by high costs associated with R&D efforts and a lack of awareness in emerging markets.
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Global Single Use Negative Pressure Wound Therapy Devices Market Segmentation
By Wound Type
- Sports Injuries
- Flaps & Grafts
Major Players of the Global Single Use Negative Pressure Wound Therapy Devices Market
The report analyses the various key players such as Acelity L.P. Inc.; Talley Group Limited; Nephew plc; Devon Medical Products; Mölnlycke Health Care; Medela; DeRoyal Industries, Inc.; ConvaTec, Inc.; Cardinal Health, Inc.; and Paul Hartmann AG among others.
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Reasons to buy Single-Use Negative Pressure Wound Therapy Devices Market Report:
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