What are Key Factors Causing Boom of Single-Use Negative Pressure Wound Therapy Devices Market?

Factors such as increasing incidence of diabetes, rising cases of burns, expansion of technologically advanced devices, surging geriatric population, and rising number of surgical procedures are boosting the demand for single-use negative pressure wound therapy (NPWT) devices, which, in turn, the single-use NPWT devices market is expected to grow at a CAGR of 8.1% during 2020–2030. According to P&S Intelligence, the market generated $770.2 million revenue in 2020, which is projected to reach $1,673.1 million by 2030. Moreover, the market is witnessing a trend of patients’ preference shifting toward advanced wound therapies.

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The primary factor aiding the single-use NPWT devices market growth is the rising cases of burns. As per the World Health Organization (WHO), burns cause 180,000 deaths every year, majorly in low- and middle-income nations. Furthermore, it is one of the leading causes of disability-adjusted life years (DALY). It is a degree of the overall disease burden expressed as the total years lost because of disability, ill health, or early death.

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The application segment of the single-use NPWT devices market is classified into surgical wounds, burns, lacerations, pressure ulcers, diabetic ulcers, venous ulcers, and others. Among these, the surgical wounds category accounted for the largest revenue share in 2020 in the market, and it is projected to witness the same trend in the coming years as well. This is ascribed to the rising number of C-section surgeries, increasing occurrence of surgical wounds, and surging demand for these devices from patients at home, outpatients, and those who have restricted mobility.

Globally, North America was the largest single-use NPWT devices market in 2020, and it is expected to witness the same trend during the forecast period as well. This is due to the presence of key market players, widespread research and development (R&D) activities, increased awareness about these devices, and high healthcare expenditure, in the region. Whereas, the Asia-Pacific (APAC) market is projected to record the fastest growth during the forecast period. This can be ascribed to the surging cases of burns, chronic diseases, and traumatic wounds, and the increasing population of elderly people.

Thus, the surging incidence of burns and diabetes and the growing geriatric population are expected to propel the market growth during the forecast period.

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