Negative Pressure Wound Therapy Market Size, Scope, Demand Analysis 2022-2028

Muthyala14 Apr, 2023Business

The global negative pressure wound therapy market size was valued at USD 2.6 billion in 2021 and is poised to grow at a significant CAGR of 6.2% during the forecast period 2022-28. The rise in accidents and traumatic events increased chronic wounds like diabetic foot ulcers, and technological developments in NPWT devices are some factors propelling the market's overall growth. The demand for NPWT solutions is also driven by a rise in diabetic wounds in humans. The need for treatments incorporating negative pressure wound therapy devices has been boosted in recent years by increasing the prevalence of chronic illnesses like obesity and type I and type II diabetes, aiding the market expansion. The spread has been helped by both a rise in the frequency of fatalities from accidents and trauma and an increase in patient awareness of the availability of low-cost NPWT devices such as single-use NPWT.