Negative pressure wound therapy market continues to grow
A rise in the number of chronic diseases such as diabetes, cardiovascular disease and peripheral vascular diseases, coupled with long-term bed stays that increase the incidence of decubitus ulcers among the elderly has triggered growth in the negative pressure wound care therapy (NPWT) market.
According to a new market report published by Transparency Market Research, the NPWT market was valued at $2.1 billion in 2012 but is expected to grow to an estimated $4.2 billion by 2019.
This market, the report states, has been primarily segmented into conventional NPWT devices and single-use NPWT devices. Within the conventional NPWT devices market–comprised of pumps, canisters, tubes and dressing kits–pumps have accounted for the largest chunk of the market, although dressing kits are expected to surge in the next few years. The portable single-use NPWT devices are anticipated to grow much faster than the bulky, expensive conventional systems, with a predicted growth rate of more than 12 percent from 2013 to 2019.
Read the Transparency Market Research report.
Topics: Technology & IT