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Negative Pressure Wound Therapy Market Size
- Report ID: GMI3413
- Published Date: Jun 2019
- Report Format: PDF
Negative Pressure Wound Therapy Market Size
Negative Pressure Wound Therapy (NPWT) Market size was valued at USD 1.7 billion in 2018 and is expected to witness 6.4% CAGR from 2019 to 2025.
Rising incidences of chronic diseases should positively impact the market growth. Incidence of chronic diseases such as diabetes and cancer requiring surgical procedures is increasing from past few decades. Adoption of wound therapy devices is growing for faster recovery in such conditions. Moreover, awareness regarding availability of upgraded NPWT devices is gradually increasing amongst population in underdeveloped regions that should further spur the market expansion.
| Report Attribute | Details |
|---|---|
| Base Year: | 2018 |
| Negative Pressure Wound Therapy (NPWT) Market Size in 2018: | 1.7 Billion (USD) |
| Forecast Period: | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR: | 6.4% |
| 2025 Value Projection: | 2.5 Billion (USD) |
| Historical Data for: | 2014 to 2018 |
| No. of Pages: | 125 |
| Tables, Charts & Figures: | 112 |
| Segments covered: | Type, Wound Type, End-Use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Technological advancements in NPWT devices should propel the NPWT market value during the forecast period. Since past several years, pace of technological development in wound therapy devices has improved. Key industry players focus on introducing advanced and innovative negative pressure wound therapy devices. However, high cost of negative wound pressure therapy devices may restrain the market revenue to some extent.
Frequently Asked Questions (FAQ) :
Negative Pressure Wound Therapy (NPWT) Market Scope
