Global Negative Pressure Wound Therapy (NPWT) Devices Market, By Device Type (Standalone Devices, Single-use Devices, Portable Devices, and Accessories), by Application (Diabetic Foot Ulcers, Venous Leg Ulcers, Pressure Ulcers, and Burn Wounds), and by Re

Global Negative Pressure Wound Therapy (NPWT) Devices Market, By Device Type (Standalone Devices, Single-use Devices, Portable Devices, and Accessories), by Application (Diabetic Foot Ulcers, Venous Leg Ulcers, Pressure Ulcers, and Burn Wounds), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Negative pressure wound therapy devices are relatively noninvasive devices used for treatment of acute and chronic wounds such as diabetic foot ulcers, venous leg ulcers, pressure ulcers, and burn injuries. Negative pressure wound therapy utilizes controlled application of sub-atmospheric pressure at the site of the wound through a sealed wound dressing which is connected to a vacuum.
Market Dynamics
Increasing incidence of diabetic foot ulcers, venous leg ulcers, product launches by market players, as well as increasing healthcare expenditure are major factors driving the global negative pressure wound therapy devices market growth. For instance, according to the Center for Medicare and Medicaid Services the U.S. health care spending increased 3.9% to reach US$ 3.5 trillion in 2017.
Furthermore, adoption of inorganic strategies such as mergers and acquisitions, new product development by key players in order to expand their product portfolio are expected to drive the market growth. For instance, in January 2021, Applied Tissue Technologies, an advance wound care company, received U.S. FDA 510 (K) approval for PWD, a negative pressure wound therapy product to be used without foam or gauze.
Key features of the study:
This report provides in-depth analysis of the negative pressure wound therapy devices market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022 - 2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global negative pressure wound therapy devices market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
Key companies covered as a part of this study include, Smith & Nephew plc., 3M Company (ACELITY), Devon Medical, Paul Hartmann AG, Talley Group Limited, Coloplast A/S, ConvaTec Inc., Molnlycke Health Care AB, Medela AG, Kinetic Concepts, Inc., and Cardinal Health, Inc.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up-gradation, market expansion, and marketing tactics
The global negative pressure wound therapy devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global negative pressure wound therapy devices market
Detailed Segmentation:
Global negative pressure wound therapy devices Market, By Device Type:
Standalone Devices
Single-use Devices
Portable Devices
Accessories
Global negative pressure wound therapy devices Market, By Application:
Diabetic Foot Ulcers
Venous Leg Ulcers
Pressure Ulcers
Burn Wounds
Global negative pressure wound therapy devices Market, By Region:
North America
By Product Type:
Standalone Devices
Single-use Devices
Portable Devices
Accessories
By Application:
Diabetic Foot Ulcers
Venous Leg Ulcers
Pressure Ulcers
Burn Wounds
By Country:
U.S.
Canada
Latin America
By Product Type:
Standalone Devices
Single-use Devices
Portable Devices
Accessories
By Application:
Diabetic Foot Ulcers
Venous Leg Ulcers
Pressure Ulcers
Burn Wounds
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Product Type:
Standalone Devices
Single-use Devices
Portable Devices
Accessories
By Application:
Diabetic Foot Ulcers
Venous Leg Ulcers
Pressure Ulcers
Burn Wounds
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Product Type:
Standalone Devices
Single-use Devices
Portable Devices
Accessories
By Application:
Diabetic Foot Ulcers
Venous Leg Ulcers
Pressure Ulcers
Burn Wounds
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Product Type:
Standalone Devices
Single-use Devices
Portable Devices
Accessories
By Application:
Diabetic Foot Ulcers
Venous Leg Ulcers
Pressure Ulcers
Burn Wounds
By Country:
GCC
Israel
Rest of Middle East
Africa
By Product Type:
Standalone Devices
Single-use Devices
Portable Devices
Accessories
By Application:
Diabetic Foot Ulcers
Venous Leg Ulcers
Pressure Ulcers
Burn Wounds
By Country/Region:
South Africa
Central Africa
North Africa
Company Profiles
Smith & Nephew plc. *
Company Overview
Product Portfolio
Financial Performance
Key Highlights
Market Strategies
3M Company (ACELITY)
Devon Medical
Paul Hartmann AG
Talley Group Limited
Coloplast A/S
ConvaTec Inc.
Molnlycke Health Care AB
Medela AG
Kinetic Concepts, Inc.
Cardinal Health, Inc.
“*” marked represents similar segmentation in other categories in the respective section.