Global Negative Pressure Wound Therapy Devices Market is Expanding on account of Increasing Chronic Wounds

According to Inkwood Research, the Global Negative Pressure Wound Therapy Devices Market is projected to evolve at a CAGR of 5.35% in terms of revenue during the forecasting years of 2019-2028.

"Browse 35 Market Data Tables and 45 Figures spread over 186 Pages, along with an in-depth TOC on the Global Negative Pressure Wound Therapy Devices Market Forecast 2019-2028."

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Negative pressure wound therapy devices create sub-atmospheric pressure to treat and heal acute, as well as chronic wounds. They are also instrumental in promoting recovery from second- and their-degree burns. Advanced wound treatment products are primarily used in hospitals and clinics, and are categorized into conventional or reusable type, and single-use type.

Growing Concerns Regarding Chronic Wounds are driving the Market Growth

Chronic wounds cause complications like ulceration, infections, and inadequate blood supply, and extend their healing period. Some of the common abrasions are diabetic ulcers, venous ulcers, and pressure ulcers. Moreover, factors like diabetes, delayed consequences of radiation treatments, and obesity, among others, are attributed to the rising prevalence of chronic wounds. According to a study conducted by the Wound Healing Society (WHS), over 8 million people in the United States, had lacerations with or without infections. As a result, the growing concerns over chronic wounds are projected to boost the demand for negative pressure wound therapy devices.

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Diabetic Foot Ulcer is the Most Prevalent Chronic Wound

Diabetic foot ulcers (DFUs) are among the most common foot injuries, caused due to diabetes mellitus. As a challenging complication related to diabetes, as it can result in severe outcomes like osteomyelitis, wound infection, cellulitis, and amputation. According to the American College of Physicians, more than 50% of diabetic ulcers get infected, and 20% with moderate to severe infections, lead to amputation. The complications related to the condition affect millions worldwide, and diabetic foot ulcer is a predominant consequence. Thus, diabetes impacts not only an individual's physical health, but also their psychological and social welfare.

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Asia Pacific evaluated to Project the Fastest CAGR

The Asia Pacific is projected to observe the fastest market growth across the forecast period. Growing awareness among patients, developments in medical infrastructure and healthcare reforms, and a rise in the population suffering from chronic conditions like obesity and diabetes establish the region as a lucrative market for negative pressure wound therapy devices. Moreover, the concentration of leading manufacturers on expanding their geographical presence in developing nations facilitates market growth.

A few advanced wound care enterprises dominate the global market. Since brand recognition is a vital factor considered while acquiring negative pressure wound therapy equipment, key players are actively competing over product development, commercialization, and marketing. Additionally, companies are investing in R&D and acquisitions to enhance product portfolios and procure related products and technologies. Some of the eminent industries in the market comprise, Cardinal Health, Devon International Group Inc, Mefela AG, Talley Group Limited, Paul Hartman AG, Deroyal Industries Inc, etc.

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This release was published on openPR.