The global negative-pressure wound therapy devices market is witnessing growth and projected to reach USD 4,698.4 million by 2030.
This development of the market can be credited to the rising incidence of burns, growing occurrence of diabetes, rising elderly populace, and high rate of C-section operations leading to the growing post-operative utilization of NPWT devices.
On the basis of types of wounds, Chronic Wounds are expected to grow at a faster rate over the next few years. The increase in the occurrence of diseases, such as Peripheral Artic occlusive Diseases, Chronic Venous Deficiencies and Diabetes Mellitus are largely attributable to this. As aging individuals are more disposed to these medicinal circumstances, they create a significant demand for wound care items.
In the past few years, the conventional category led the industry, and the category is also estimated to be dominant throughout the forecast period, on the basis of product. This can be credited to the extensive suitability of such devices, particularly in emerging nations with a huge population, like China and India.
In the sector of NPWT devices, healthcare and hospitals appear to be the highest revenue generating end users. This is large because of the superior footfall of patients and the growing availability of hospitals to individuals of all income levels.
The growing incidence of burns is a main reason for boosting the development of the market for NPWT devices internationally. As per the statistics issued by the World Health Organization in 2018, a projected 180,000 demises because of burns were stated each year, the majority in low- and middle-income nations.
Hence, the growing incidence of burns, growing occurrence of diabetes, rising elderly populace, and high rate of C-section operations are the major factors contributing to the growth of the negative-pressure wound therapy (NPWT) devices industry.
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