Long-term Bed Occupancy of Patients Suffering from Chronic Illnesses Drives Global Negative Pressure Wound Therapy Market
The incessantly rising prevalence of chronic ailments such as diabetes, cardiovascular diseases, and peripheral vascular diseases has spurred the market for negative pressure wound therapy (NPWT). Long-term bed occupancy of patients is a direct consequence of the increasing incidence of cancer and neurological ailments.
Patients suffering from such ailments often complain of decubitus ulcers, which necessitate negative pressure wound therapy. Moreover, the rising geriatric population is also creating a significant financial burden on healthcare authorities. To manage such situations, patients and their families are preferring the usage of easy-to-use and portable NPWT devices. This helps minimize the overall cost of the hospital stay significantly. Furthermore, leading names in the industry intend to stay abreast with the latest technology and have launched single-use NOWR devices to reduce the chances of contamination. Enhanced R&D efforts by these companies are also aimed at introducing more patient-friendly NPWT devices at an affordable cost.
Browse Market Research Report of Negative Pressure Wound Therapy Market: http://www.transparencymarketresearch.com/negative-pressure-wound-therapy.html
Impelled by the aforementioned factors, the global negative pressure wound therapy market is poised to develop at a positive 10.2% CAGR during 2014-2020. Analysts at Transparency Market Research state that the global NPWT market, which stood at US$1.5 billion in 2013, is anticipated to reach US$2.9 billion by the end of 2020.
What is Negative Pressure Wound Therapy?
Negative pressure wound therapy or NPWT is a therapeutic procedure that uses vacuum dressing to stimulate healing in chronic wounds and enhance the healing of first or second degree of burns. Ever since its advent in 1997 in the U.S., the use of the technique has surged exponentially over the 2000s. A large number of studies investigating the benefits of NPWT confirm the usefulness of the therapy for diabetic ulcers and in the management of laparotomy. Further studies and researches are underway to study the application of therapy across other wound types.
Browse Market Research Press Release of Negative Pressure Wound Therapy Market: http://www.transparencymarketresearch.com/pressrelease/negative-pressure-wound-therapy.htm
Negative Pressure Wound Therapy for Diabetic Ulcers
A report published by the America Diabetes Association states that over 30 million children and adults around the world suffer from diabetes. 15% of the people affected by the diseases experience foot ulcers at some point of their life. Such ulcers frequently lead to gangrene, ulceration, and infections. Earlier, the treatment of such complicated consequences of diabetes was very expensive. The introduction of NPWT has made effective treatment of such patients possible, which significantly fuels its demand around the world.
Negative Pressure Wound Therapy for Objective Tuberculous Sacroiliitis
Objective tuberculous sacroiliitis with abscess is responsible for almost 50% of tuberculous sacroiliitis cases registered worldwide. Tuberculous abscesses first spread from the sacroiliac joint capsule into subcutaneous tissue and finally appear on the skin as skin sinus. A retrospective analysis conducted recently on patients with sacroiliac joint tuberculosis revealed the efficacy of negative pressure wound therapy compared to standard dressing practices. The therapy, according to the study, helped enhance the healing of sacroiliac joint tuberculosis with a chronic sinus.
Increased R&D investment is expected to rapidly change the landscape of the global negative pressure wound therapy market.