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.
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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.
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.
About Inkwood Research
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relevant fact-based research are customized across industry verticals such as technology,
automotive, chemicals, materials, healthcare, and energy, with an objective
comprehension that acknowledges the business environments. Our geographical
analysis comprises of North & South America, CEE, CIS, Middle East, Europe,
Asia, and Africa.
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