Infinium Global Research Negative Pressure Wound Therapy Market | Page 2

A latest report has been added to the wide database of Negative Pressure Wound Therapy Market by Infinium Global Research. This
report studies the Negative Pressure Wound Therapy Market by type of device (standard, single-use NPWT devices), wound type
(diabetic foot ulcers, venous leg ulcers, pressure ulcers, burn wounds and others),end use (hospitals, outpatient surgery centers,
homecare setting) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the
study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years.
Negative Pressure Wound Therapy Market provides opportunities in micro markets for stakeholders to invest along with the detailed
analysis of competitive landscape, latest trends, and product offerings of the major companies in the Negative Pressure Wound
Therapy Market. According to report the global negative pressure wound therapy market is projected to grow at a CAGR of 3.5% over
the forecast period of 2017-2023. The wound care market comprises two main segments, namely traditional wound dressings and
advanced wound care products. Traditional wound dressings are extensively used by healthcare professional particularly under dry
environment to protect wound from external factors. Advanced wound care products are used by specialist professionals to provide a
therapeutic effect that supports wound healing. Based on type of technology used in wound healing process, these products are
divided into moist wound care dressings, biologics, negative pressure wound therapy (NPWT) devices and other therapeutic devices.
Among these, NPWT therapy has become a popular method of treating a large number of acute and chronic wounds over the past
decade and developed as an important addition to the vast number of wound treatments available to the healthcare professionals.
This NPWT device applies suction and removes excess fluid from the wound bed through a tubing system attached to a canister with an
objective to improve the wound environment and thereby promote healing. This therapy is also known as atmospheric pressure
therapy and topic negative pressure therapy. The main NPWT device currently in use is the foam-based V.A.C. system developed by
acelity.
Market Insights
The principle driving factors fueling this market growth include rise in base of aging population, increasing demand in emerging
markets, growing incidence of diabetes, increasing applications of NPWT devices and technological advancements. However, the lower
pricing of devices due to increased competition globally, and reduction in reimbursements in the US and Europe could impact the
market growth in the coming years. Thus, by considering above-mentioned factors, the market remains strong in the coming years
with new product launches which can be used at patient’s home and increased demand for NPWT products.