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.