The NPWT Devices And Dressings Market is all set to be in the driver’s seat shortly. Technology adoption once looked upon as a costly endeavor, is slated to witness a drastic transformation in the form of granular applications. Technologies like DevOps and AIOps are constructively disrupting the healthcare IT sector and are expected to create wonders in this regard in the upcoming period.
The US$ 1991.5 Mn global negative pressure wound therapy (NPWT) devices and dressings market is projected for promising growth over the next 10 years. The global sales of NPWT devices and dressings are likely to expand at a healthy CAGR of 7.1% and reach a value of over US$ 3963 Mn by the end of 2027.
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According to Persistence Market Research, developing countries hold a greater growth potential, attributed to exploding population and higher instances of diabetic ulcers. While government and private investments in healthcare are boosting since the recent past, the number of healthcare facilities is growing as well. Besides diabetes, there are a few other diseases that are identified to generate decent demand for NPWT devices and dressings, including autoimmune diseases and a range of chronic illnesses.
- Avery Dennison Corporation
- Cardinal Health
- Smith & Nephew, Inc.
- Mölnlycke Health Care
- Devon Medical Products
- Acelity (Kinetic Concepts, Inc.)
- ConvaTec Inc.
- PAUL HARTMANN
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In addition, better response rate has been registered owing to improving awareness among consumers as well as practitioners across developing economies. Increasing need for low cost treatment options in emerging countries can be potentially fulfilled by cost-effective treatment alternatives by NPWT, resulting in growing adoption in developing markets. Fostering popularity of disposable and portable devices owing to their convenience and technological advantages, is likely to drive the consumption of NPWT devices and dressings during the forecast period.
With surging adoption of homecare settings, consumers in developing regions are increasingly realising that despite expensive initial installation price, NPWT offers relatively cheaper and more effective therapy. Persistence Market Research projects significant hike in sales of portable and disposable NPWT devices over the forecast period. Moreover, NPWT with a silver dressing also minimises a patient’s hospital stay and allows rapid recovery, which is another benefit presumed to support the market growth in coming years.
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The global market for NPWT devices and dressings has been segmented into:
- NPWT Devices
- Standalone NPWT Devices
- Portable NPWT Devices
- Disposable NPWT Devices
- NPWT Dressing kits
- Foam dressing kit
- Gauze dressing kit
- Acute Wounds
- Traumatic wounds
- Burn cases
- Surgical Procedures
- Ambulatory surgical centers
- Home care settings
The wound management section of healthcare domain has been prospering since the past few decades. Widespread adoption of NPWT has made the devices abundantly available for clinical as well as home healthcare use. The global market for NPWT devices and dressings is apprehended to have promising growth prospects over 2017-2027, according to research conducted by Persistence Market Research.
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