Negative Pressure Wound Therapy Devices (NPWT) Market: By Type (Single Use / Disposable, Conventional Use), by Application (Pressure Ulcers, Diabetic Foot Ulcers, Burn Wounds, Venous Leg Ulcer), by End-user (Hospitals, Ambulatory Surgical Centres, Homecare and Others) and Geography     

Negative Pressure Wound Therapy (NPWT) Devices Market size was valued at USD 2,381.2 million in 2021 It is growing at a CAGR of 5.9% from 2022 to 2028. The global market provides a detailed overview of the global negative pressure wound therapy devices market, and that can be segmented by type, by application, and by end user. By type, the global negative pressure wound therapy devices market has been segmented into Single Use / Disposable and Conventional Use. The Conventional Use segment is likely to be the largest and fastest-growing segment in terms of type in 2021 and is expected to maintain the trend in the forecasted years. It is due to portability and better wound management of severe wound. Further, homecare segment is boosting the market growth of this segment at a faster rate. Based on application, the global negative pressure wound therapy devices market is segmented into Pressure Ulcers, Diabetic Foot Ulcers, Burn Wounds, and Venous Leg ulcers. Among these, the Pressure Ulcers segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to precision business insights. The increasing number of patients with pressure ulcer such as bedsores is boosting the global market growth in this segment. Diabetic foot ulcers segment is also growing at a faster rate due to the increasing prevalence of diabetes across the world. Based on end user, the global negative pressure wound therapy devices market is segmented into Hospitals, Ambulatory Surgical Centres, Homecare and Others. The Homecare segment accounts for the largest share in 2021 and is anticipated to register a significant CAGR in the upcoming years. It is attributed to the increasing prevalence of age-related problems, and rising healthcare cost.   Key Development: In Oct 2022, 3M Health Care announced its 3M V.A.C. Therapy negative pressure wound therapy (NPWT) has surpassed a clinical evidence milestone of 2,000 published, peer-reviewed medical journal studies.