According to Markntel Advisors Report, Negative Pressure Wound Therapy Market is expected to grow at a significant growth rate, and the analysis period is 2023-2028, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Negative wound pressure therapy (NWPT) is a noninvasive technique that employs controlled negative pressure to withdraw excess fluid from open wounds through a sealed or foam dressing connected to a collection container. Due to its excellent utility in managing many acute and chronic wounds, this technique has become a popular treatment choice in recent years.

Global Negative Pressure Wound Therapy Market Research Report & Summary:

The Global Negative Pressure Wound Therapy Market is projected to grow at a CAGR of around 6.1% during the forecast period, i.e., 2023-28.  

Time Period Captured in the Report:

• Historical Years: 2018-21
• Base Years: 2022
• Forecast Years: 2023-2028

Who are the Key Players Operating in the Negative Pressure Wound Therapy Market?

The top companies of the Negative Pressure Wound Therapy Market ruling the industry are: 

3M, Alleva Medical, Cardinal Health, Carilex Medical, Convatech Group, Cork Medical, Deroyal, Genadyne Biotechnologies, Haromed Medical Technologies, Medela, Molnlcke Healthcare, Paul Hartmann AG, Pensar Medical, Smith & Nephew, Talley Group, Others.

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Negative Pressure Wound Therapy Industry Recent Developments

• In November 2022, InfuSystem Holdings Inc. and Sanara MedTech Inc. announced the establishment of a partnership named SI Wound Care, LLC. The collaboration seeks to deliver a complete wound care solution curated for improving patient outcomes, lowering the cost of care, and increasing patient and provider satisfaction. The venture apparently facilitates InfuSystem to offer innovative products, including Cork Medical LLC’s negative pressure wound therapy (NPWT) devices and supplies and Sanara’s advanced wound care product line.

The Negative Pressure Wound Therapy Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Product Type

-Conventional NPWT devices

-Disposable NPWT devices

-NPWT Accessories

-By Wound Type

-Burns and Surgical Open Wounds

-Pressure Ulcers

-Diabetic Foot Ulcers

-Venous Leg Ulcers

-Traumatic Wound

-By End User

-Home Care Settings

-Hospitals

-Others

-By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

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Market Dynamics -Global Negative Pressure Wound Therapy Market:

Rising Prevalence of Pressure and Diabetic Foot Ulcers - The growing diabetic populace giving rise to diabetic foot ulcers has necessitated the need for quick and easy wound-healing techniques. Thus, the demand for NPWT devices has surged in the past few years. Moreover, more than 2.5 million people in the United States develop pressure ulcers each year, leading to higher morbidity and mortality rates, says the Agency for Healthcare Research and Quality (AHRQ). Perhaps it is why the patients here are readily opting for negative pressure treatment therapy to get rid of these ulcers and heal them faster. The steady adoption demonstrated by hospitals, home care, and others has ramped up the production of negative pressure treatment therapy devices, which, in turn, has led to market expansion in the historical years.

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