Negative Pressure Wound Therapy Market Leading Countries, Challenges, Five Forces Analysis, Trends, Drivers, Forecast to 2027 | ATMOS MedizinTechnik GmbH & Co. KG, Talley Group Ltd., Smith & Nephew Plc.

According to the report, the global negative pressure wound therapy devices industry was estimated at $2.14 billion in 2020, and is expected to hit $3.34 billion by 2027, registering a CAGR of 5.7% from 2020 to 2027.

Request Sample Report at:

https://www.alliedmarketresearch.com/request-sample/434

Rapidly aging population, increase in incidences of chronic conditions, technological advancements in NPWT devices to deal with complex wounds, and surge in awareness to reduce healthcare costs drive the growth of the global negative pressure wound therapy devices market. On the other hand, complications related to NPWT impede the growth to some extent. However, increased focus toward advanced treatment protocols and significant unmet needs in wound care are expected to create multiple opportunities in the industry.

COVID-19 scenario:

The growing prevalence of chronic diseases such as diabetes & obesity and increase use of single-use devices would boost the demand for negative pressure wound therapy devices.

Restriction on manufacturing pharmaceutical ingredients and medical devices would hamper the market.

The global negative pressure wound therapy devices market is segmented on the basis of product, application, end user, and geography. Based on product, the market is divided into conventional NPWT devices and single-use NPWT devices. The single-user NPWT segment is anticipated to manifest the highest CAGR of 7.1% during the forecast period. However, the conventional NPWT devices held the largest share in 2019, accounting for more than three-fourths of the market.

Demand for negative pressure wound therapy devices is on the rise, owing to surge in prevalence of various chronic diseases such as diabetes, which lead to wound formation. Furthermore, surge in adoption of novel and advanced single use NPWT devices is another factor that fuels the market growth.

The conventional NPWT devices segment to lead the trail by 2027-

Based on product, the conventional NPWT devices segment contributed to more than three-fourths of the global negative pressure wound therapy devices market share in 2019, and is expected to lead the trail by 2027, owing to their use in management of wounds with large volume of exudate. On the other hand, the single use NPWT devices would grow at the fastest CAGR of 7.1% throughout the forecast period. This is due to the range of benefits they offer.

For Purchase Enquiry at:

https://www.alliedmarketresearch.com/purchase-enquiry/434

North America to rule the roost in terms of revenue-

Based on region, North America garnered the major share in 2019, holding around two-fifths of the global negative pressure wound therapy devices market. This is due to the presence of key players in the region, easy availability of NPWT devices, surge in prevalence of medical conditions leading to acute and chronic wounds, and rise in launch of new and advanced products. Simultaneously, the Asia-Pacific region would portray the fastest CAGR of 7.9% till 2027. This is attributed to factors such as surge in adoption of NPWT devices and rise in healthcare expenditure.

Key players in the industry-

ATMOS MedizinTechnik GmbH & Co. KG
Talley group Ltd.
Cardinal Health.
Smith & Nephew Plc.
DeRoyal Industries, Inc.
Devon International Group,
3M (Acelity L.P. Inc.,)
Investor AB (Mölnlycke Health Care AB)
ConvaTec Group Plc.
Olle Larsson Holding AG (Medela AG)

Read More:

https://www.alliedmarketresearch.com/negative-pressure-wound-therapy-market

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.