Single-Use NPWT Devices Market: North American Region is Largest Revenue Generator

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Single-Use NPWT Devices Market: North American Region is Largest Revenue Generator

January 18
12:06 2022
Single-Use NPWT Devices Market: North American Region is Largest Revenue Generator
North America is expected to lead the single-use negative pressure wound therapy devices market throughout the forecast period. This is mainly attributed to the increasing geriatric population, advancements in single-use NPWT devices and their increasing penetration, and rising number of surgical wound cases in the region.

Factors such as increasing incidence of diabetes, rising cases of burns, expansion of technologically advanced devices, surging geriatric population, and rising number of surgical procedures are boosting the demand for single-use negative pressure wound therapy (NPWT) devices, which, in turn, the single-use NPWT devices market is expected to grow at a CAGR of 8.1% during 2020–2030. According to P&S Intelligence, the market generated $770.2 million revenue in 2020, which is projected to reach $1,673.1 million by 2030. Moreover, the market is witnessing a trend of patients’ preference shifting toward advanced wound therapies.

The primary factor aiding the single-use NPWT devices market growth is the rising cases of burns. As per the World Health Organization (WHO), burns cause 180,000 deaths every year, majorly in low- and middle-income nations. Furthermore, it is one of the leading causes of disability-adjusted life years (DALY). It is a degree of the overall disease burden expressed as the total years lost because of disability, ill health, or early death.

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Moreover, other key factor boosting the demand for single-use NPWT devices is the increasing incidence of diabetes, whose number is rising significantly, across the world. The chronic complication of diabetes mellites is diabetic foot ulcer, which needs regular dressing during its treatment. Also, diabetic wounds tend to heal more slowly and develop quickly in patients. As per the statistics published by the Centers for Disease Control and Prevention (CDC), over 34.2 million individuals had diabetes in the U.S. Also, new cases of diabetes have augmented in the youth population in the nation.

The application segment of the single-use NPWT devices market is classified into surgical wounds, burns, lacerations, pressure ulcers, diabetic ulcers, venous ulcers, and others. Among these, the surgical wounds category accounted for the largest revenue share in 2020 in the market, and it is projected to witness the same trend in the coming years as well. This is ascribed to the rising number of C-section surgeries, increasing occurrence of surgical wounds, and surging demand for these devices from patients at home, outpatients, and those who have restricted mobility.

Furthermore, on the basis of end user, the single-use NPWT devices market is categorized into hospitals, home-care settings, and others. Among these, the hospitals category held the largest market share in 2020. This is ascribed to the higher patients’ footfall and rising accessibility of hospitals to all income-level people. They prefer hospitals due to the availability of trained doctors and healthcare professionals, and better facilities and more-extensive care in these settings than other medical settings.

Browse detailed report on Single-Use Negative Pressure Wound Therapy Devices Market Size and Growth Forecast to 2030

Globally, North America was the largest single-use NPWT devices market in 2020, and it is expected to witness the same trend during the forecast period as well. This is due to the presence of key market players, widespread research and development (R&D) activities, increased awareness about these devices, and high healthcare expenditure, in the region. Whereas, the Asia-Pacific (APAC) market is projected to record the fastest growth during the forecast period. This can be ascribed to the surging cases of burns, chronic diseases, and traumatic wounds, and the increasing population of elderly people.

Thus, the surging incidence of burns and diabetes and the growing geriatric population are expected to propel the market growth during the forecast period.

Single-Use NPWT Devices Market Size Breakdown by Segment

Based on Application

  • Surgical wounds  
  • Lacerations
  • Burns
  • Pressure ulcers
  • Venous ulcers
  • Diabetic ulcers

Based on End User

  • Hospitals
  • Home-care Settings

Geographical Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France,
    • U.K.
    • Italy
    • Spain
    •  Italy
    • Russia
  • Asia-Pacific (APAC)
    • China
    •  Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Sri Lanka
  • Latin America (LATAM)
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • U.A.E

Browse Other Related Reports

Negative Pressure Wound Therapy Devices Market – Globally, the North American region led the negative pressure wound therapy devices market in the preceding years due to the surging research and development (R&D) activities and mounting healthcare expenditure in the U.S. and Canada. For example, the Canadian Institute for Health Information (CIHI) states that the healthcare expenditure in Canada increased by 4% per year during 2015–2019. Moreover, the Centers for Medicare and Medicaid Services (CMS) states that $3.8 trillion was spent on healthcare in the U.S. in 2019.

Wound Dressing Market – Geographically, the wound dressing market will demonstrate the fastest growth in the Asia-Pacific (APAC) region in the coming years, as per the estimates of the market research firm, P&S Intelligence. This is ascribed to the rising incidence of diabetes, mushrooming population of geriatric people, and surging incidence of burn cases and accidents in the region. As per the Global Status Report on Road Safety, around 261,367 and 207,551 fatal cases were reported in China and India, respectively, in 2015.

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Website: https://www.psmarketresearch.com/market-analysis/single-use-npwt-device-market

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