Negative Pressure Wound Therapy Market 2020 Global Industry Extensive Competitive Landscape on Size, Volume, Trends, Share and Revenue| Regional Forecast By 2023

2019 Research Report on Global Negative Pressure Wound Therapy Market is a professional and comprehensive report on the Negative Pressure Wound Therapy industry.

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Key Players: Acelity (US), Smith & Nephew (UK), M�lnlycke Health Care AB (Sweden), Cardinal Health (US), ConvaTec (UK), and DeRoyal (US), Lohmann & Rauscher (German), Talley Group (UK), Medela (Switzerland), and Genadyne (US).

"The negative pressure wound therapy(NPWT) devices market is projected to grow at a CAGR of 5.2% during the forecast period."

The NPWT devices market is expected to reach USD 2.72 billion by 2023 from USD 2.11 billion in 2018, at a CAGR of 5.2%. The growing prevalence of diabetes, increasing spending on chronic and surgical wounds, government initiatives to prevent SSIs, and the high rate of cesarean sections in older mothers leading to the increasing post-operative use of NPWT devices are some of the factors expected to drive market growth during the forecast period.

"The single-use NPWT devices segment is expected to witness the highest growth rate during the forecast period."

By product type, the NPWT devices market is categorized into conventional NPWT devices, single-use NPWT devices, and accessories. The single-use NPWT devices segment is expected to register the highest CAGR during the forecast period. Single-use NPWT devices are low-cost, small, and discreet NPWT systems, which incorporate simplified functionalities by removing the need for canisters and simplifying the dressing interface, these benefits are driving the growth of this segment.

"The surgical &traumatic wounds segment is expected to account for the largest share of the NPWT deviceswound type market in 2018."

Based on the wound type, the NPWT devices market is categorized into surgical and traumatic wounds, ulcers, and burns. In 2018, the surgical and traumatic wounds segment is expected to account for the largest share of the market. This growth can be attributed to the growing prevalence of surgical& traumatic wounds and increasing spending on such wounds.

"Asia is estimated to register the highest CAGR during the forecast period."

Geographically, the NPWT devices market is dominated by North America, followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period. Growth in this region can be attributed to the developing healthcare infrastructure, rising burden of chronic diseases such as diabetes, and the launch of supportive government initiatives to prevent surgical site infections.

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In the end, the Global Negative Pressure Wound Therapy Market report's conclusion part notes the estimation of the industry veterans.

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