Negative Pressure Wound Therapy Market to exceed $ 2000 Mn by 2024

October 07, 2019

According to the new research report available at under the title ‘Global Negative Pressure Wound Therapy Market Growth 2019-2024’ the worldwide negative pressure wound therapy market is predicted to surpass US $2000 million by the year 2024.

NPWT (Negative pressure wound therapy) is used to treat chronic and acute wounds. A vacuum source creates intermittent or continuous negative pressure inside the wound to remove exudates, infectious and fluid materials to prepare the wound for closure and healing. Negative pressure wound therapy consist of gauze or foam wound dressing, vacuum pump, adhesive film dressing and drainage tubing that seals and covers the wound.

According to the report, negative pressure wound therapy market is analyzed on the basis of product type, application type and regional landscape. Based on product type, the market is fragmented as disposable NPWT devices and conventional NPWT devices. While based on the application spectrum, the market is segmented as homecare, clinics, and hospitals.

The worldwide negative pressure wound therapy market was worth US $1400 million and is predicted to grow with a CAGR of 6.1% over the analysis period, claims the report. The report also studies the NPWT market comprehensively to understand the drivers, opportunities, challenges, and trends impacting the market growth.

Negative pressure wound therapy market is divided into four major regions on the basis of geographical outlook. The U.S., Canada, Mexico, and Brazil fall under Americas; Asia Pacific consists of China, Japan, Southeast Asia, Australia, India, and Korea; Germany, UK, France, Russia, Italy, and Spain comprise Europe; and Egypt, Israel, South Africa, Turkey and GCC countries comprise Middle East & Africa.

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Moreover, North America is presumed to dominate negative pressure wound therapy market, both in consumption and production, over the forecast period. The region accounted for more than 60% supply and consumption of over 50% of the worldwide NPWT market in 2015.

The prominent contenders operating in negative pressure wound therapy market include Talley Group, Acelity (KCI), WuHan VSD, Smith & Nephew, Triage Meditech, Cardinal Health, Medela, and Devon.