A report by The Insight Partner’s on the Single-Use Negative Pressure Wound Therapy Devices Market discusses the growth of the market in great detail. It discusses thoroughly all factors promoting and deterring the market. The report also focuses on the competitive dynamics in the market by monitoring the strengths and weaknesses of prominent contributors and their key products.
The single-use negative pressure wound therapy devices market was valued at US$ 462.05 million in 2020, and it is projected to reach US$ 892.32 million by 2028; it is expected to grow at a CAGR of 8.7% from 2021 to 2028.
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Rising Incidence of Chronic Diseases
Chronic diseases and their associated disorders are among the major indications affecting the human population globally. As per the National Center for Chronic Disease Prevention and Health Promotion, these diseases persist for one year or more and may require medical attention for performing daily activities. Moreover, as per the Centers for Disease Control and Prevention (CDC’s) data in January 2021, chronic diseases such as heart disease, cancer, and diabetes are among the leading causes of morbidity, mortality, and disability in the US. It is estimated to account for ~US$ 3.8 trillion in the nation’s annual health care expenses. Chronic diseases can cause long-term injuries and make the healing of wounds, such as post-surgical wounds and accident-led wounds, difficult. Different types of devices are used to manage the wounds as the wounds need to be cleaned regularly. Negative pressure wound therapy systems are used to manage and ease wound healing. It is an FDA Class II device that operates on a battery or electricity, and each device consists of a vacuum pump, drainage tubing, and wound dressing set. The systems help in wound-healing through negative pressure (suction). They also help remove fluids such as irrigation solutions, bodily liquids, wound exudate, and infectious materials present in the wound area.
According to a study published by the National Center for Biotechnology Information in August 2020, diabetic foot ulcers were among the possible causes of non-traumatic amputations in the US. About 5% of patients suffering from diabetes mellitus develop foot ulcers, and 1% need an amputation procedure. The patients in such conditions require periodic wound cleaning and dressing that can be accomplished using wound therapy devices. Continuous developments in medical devices related to wound therapy, as well as rise in prevalence of diseases such as diabetes, cancer, and diabetes—which might lead to ulcers, pressure ulcers, and wounds associated with different surgical procedures—are driving the single-use negative pressure wound therapy market.
Research report has been compiled by studying the market in-depth along with drivers, opportunities, restraints & other strategies as well as new-developments that can help a reader to understand the exact situation of the market along with the factors that can limit or hamper the market growth and the report also has been updated with Impacts & effects of Coronavirus pandemic and how it has influenced consumer behavior & the growth of the market as well as industries.
The COVID-19 outbreak is currently going the world over, the Single-Use Negative Pressure Wound Therapy Devices Market report covers the impact of the corona-virus on top company’s growth. This research report categorizes as the key players in the Single-Use Negative Pressure Wound Therapy Devices market and also gives a comprehensive study of Covid-19 impact analysis of the market by regions like (Americas, Europe APAC, and EMEA).
The report offers key drivers that propel the growth in the global Single-Use Negative Pressure Wound Therapy Devices market. These insights help market players in devising strategies to gain market presence. The research also outlined the restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining the potential in untapped regions.
This report focuses on the global Single-Use Negative Pressure Wound Therapy Devices market with the future forecast, growth opportunity, key market, and key players. The study objectives are to present the Single-Use Negative Pressure Wound Therapy Devices market development in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.
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