According to the most recent analysis by Emergen Research, the global Negative Pressure Wound Therapy (NPWT) market size was USD 2.59 billion in 2021 and is anticipated to grow at a revenue CAGR of 5.7% during the projected period. Growing number of accidents and burn injuries is a significant element influencing market revenue growth. The victims of traffic accidents, their families, and entire nations suffer severe economic losses. These expenses are brought on by the cost of medical care, the loss of wages for those who pass away or become disabled as a result of their injuries, and the cost of caregiving for loved ones who must take time off from their jobs or studies to tend to the injured.
The global health crisis has gravely affected the Negative Pressure Wound Therapy industry, disrupting the global supply chains and bringing about volatility in prices and product demand. However, industry experts believe that the global Negative Pressure Wound Therapy market will regain traction in the post-COVID scenario. The report further offers a preliminary and a future assessment of the pandemic’s impact on this lucrative business space.
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The leading market contenders listed in the report are:
3M Company, Talley Group Ltd., Smith+Nephew, Cardinal Health, Inc., Devon Medical Products, Mölnlycke Health Care AB, DeRoyal Industries, Inc., Medela AG, ConvaTec Inc., and Paul Hartmann AG
Key reasons to buy the Global Negative Pressure Wound Therapy Market report:
- The latest report comprehensively studies the global Negative Pressure Wound Therapy market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the Negative Pressure Wound Therapy Market
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Conventional NPWT
- Single-Use NPWT
- Accessories
Wound Type Cycle Outlook (Revenue, USD Billion; 2019-2030)
- Diabetic Foot Ulcer
- Pressure Ulcer
- Venous Leg Ulcer
- Burn Wounds
- Others
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals and Clinics
- Homecare
- Ambulatory Surgical Centers
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Regional Outlook of the Negative Pressure Wound Therapy Market
The global Negative Pressure Wound Therapy market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Negative Pressure Wound Therapy market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
The research provides answers to the following key questions:
- What will be the growth rate of the Negative Pressure Wound Therapy market for the forecast period, 2020 to 2030? What will be the market size and the share occupied by the prominent vendors by the estimated period?
- What are challenges and threats faced by the prominent vendors operating in the Negative Pressure Wound Therapy market?
- Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
- What are the past, present and emerging trends likely to influence the growth rate of the Negative Pressure Wound Therapy market for the forecast period, 2022 to 2030?
- What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
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