Single-Use Negative Pressure Wound Therapy Devices Market to reach US$ 892.32 million by 2028 and to grow at a CAGR of 8.7%

The single-use negative pressure wound therapy devices market is segmented on the basis of wound type, end user, and geography. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the single-use negative pressure wound therapy devices market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world. It also includes COVID-19 impact analysis across all the regions. It is estimated that the market is likely to grow at a steadily increasing rate during the forecast period owing to the need of single-use negative pressure wound therapy devices to treat acute and chronic wounds occurred during the COVID-19 treatment.

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The single-use negative pressure wound therapy devices market was valued at US$ 462.05 million in 2020, and it is projected to reach US$ 892.32 million by 2028; it is expected to grow at a CAGR of 8.7% from 2021 to 2028.

Prominent players operating in single-use negative pressure wound therapy devices market include Cardinal Health Inc; ConvaTec Group Plc; Carilex Medical; Genadyne Biotechnologies, Inc.; H and R Healthcare; Lohmann & Rauscher GmbH & Co. KG; Medela AG; Mölnlycke Health Care AB; Paul Hartmann Ag; and Smith & Nephew plc.

Negative pressure wound therapy (NPWT) is used for managing a wide range of wound types, including traumatic, hard-to-heal, and chronic wounds. It is also used to manage wounds that are covered with flaps or a skin graft. NPWT is transformed into a medical device such as a single-use NPWT device, and it is a small pocket-sized battery-operated device. As the name suggests, these are disposable and portable devices generally used for outpatient care.

Moreover, as per the Centers for Disease Control and Prevention (CDC's) data in January 2021, chronic diseases such as heart disease, cancer, and diabetes are among the leading causes of morbidity, mortality, and disability in the US. It is estimated to account for ~US$ 3.8 trillion in the nation's annual health care expenses. Chronic diseases can cause long-term injuries and make the healing of wounds, such as post-surgical wounds and accident-led wounds, difficult. Different types of devices are used to manage the wounds as the wounds need to be cleaned regularly. Negative pressure wound therapy systems are used to manage and ease wound healing. It is an FDA Class II device that operates on a battery or electricity, and each device consists of a vacuum pump, drainage tubing, and wound dressing set. The systems help in wound-healing through negative pressure (suction). They also help remove fluids such as irrigation solutions, bodily liquids, wound exudate, and infectious materials present in the wound area.

In terms of wound type, the single-use negative pressure wound therapy devices market is segmented into traumatic, surgical, venous leg ulcers, diabetic foot, sports injuries, and others. In 2020, the traumatic segment accounted for the highest share of the market. It is estimated to dominate the market during the forecast period. The growth of the market is attributed to factors such as increasing rate of road accidents, rising innovations in wound care products, increasing R&D activities, rising advancements in the field of wound care research, and increasing awareness about wound care treatment & management.

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