Slovakia Negative Pressure Wound Therapy Market, By Product Type (Stand-Alone Negative Pressure Wound Therapy Device, Portable Negative Pressure Wound Therapy Device, Disposable Negative Pressure Wound Therapy Device), Type (Conventional Negative Pressure Wound Therapy Device, Single Use Negative Pressure Wound Therapy Device), Wound Type (Primary, Secondary, Tertiary), Patient Type (In-Patient, Out-Patient), Age (Pediatric, Adult, Geriatric), End User (Hospitals, Wound Care Centers, Ambulatory Centers, Home Healthcare, Clinics, Others), Distribution Channel (Direct Tenders, Retail Sales, Others) – Industry Trends and Forecast to 2030.
Slovakia Negative Pressure Wound Therapy Market Analysis and Size
Growing demand for negative pressure wound therapy devices in the area of advanced wound care, rising patient awareness associated with the accessibility of cost-effective wound care therapy devices enhance the market growth. Also, commercially available devices provide a variety of dressing choices that are specifically manufactured and designed for certain wound applications. Extensive adoption of the method has led to its recurrent use for open wounds such as fractures, open ulcers, and infected wounds.
Data Bridge Market Research analyses a growth rate in the negative pressure wound therapy market in the forecast period 2023-2030. The expected CAGR of negative pressure wound therapy market is tend to be around 3.20% in the mentioned forecast period. The market is valued at USD 0.93 million in 2022, and it would grow upto USD 1.20 million by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Slovakia Negative Pressure Wound Therapy Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Stand-Alone Negative Pressure Wound Therapy Device, Portable Negative Pressure Wound Therapy Device, Disposable Negative Pressure Wound Therapy Device), Type (Conventional Negative Pressure Wound Therapy Device, Single Use Negative Pressure Wound Therapy Device), Wound Type (Primary, Secondary, Tertiary), Patient Type (In-Patient, Out-Patient), Age (Pediatric, Adult, Geriatric), End User (Hospitals, Wound Care Centers, Ambulatory Centers, Home Healthcare, Clinics, Others), Distribution Channel (Direct Tenders, Retail Sales, Others)
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Market Players Covered
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Carilex Medical (Taiwan), Smith+Nephew (U.S.), Mölnlycke Health Care AB (Sweden), ConvaTec Group PLC (U.K.), MEDTRONIC (Ireland), PAUL HARTMANN AG (U.S.), DeRoyal Industries, Inc (U.S.), Talley Group Ltd (U.K.)
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Market Opportunities
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Market Definition
Negative pressure wound therapy is the common type of therapy that helps to enable the granulation of the tissue and then promote faster healing of the wounds. This is a kind of wound dressing system in which an intermittent application of sub-atmospheric pressure to the system occurs. The surface of the wound gets filled with positive pressure. Therefore, it helps in faster wound closure and healing.
Slovakia Negative Pressure Wound Therapy Market Dynamics
Drivers
- Increasing Strategic Collaborations and Partnerships between Market Players
Different strategic initiatives and partnerships between top market players towards providing negative pressure wound therapy treatments in cost-effective manner are encouraging market's revenue growth. For instance, InfuSystem Holdings, Inc. and Sanara MedTech Inc. announced the development of a partnership, SI Wound Care, LLC, on 2022, to offer a detailed wound care solution for improving patient outcomes, decreasing healthcare costs, and increasing patient and provider satisfaction. With the help of the agreement, InfuSystem will likely be able to offer cutting-edge goods such as Cork Medical, LLC's negative pressure wound therapy equipment and supplies and Sanara's advanced wound care product line and related services to new clients. Thus, this factor increases the growth of the market.
Opportunities
- Rising Adoption of Advanced Wound Care Management
Demand for negative pressure wound therapy devices has increased considerably over the years because of the growing adoption of advanced wound care management and rising patient awareness towards accessibility of cost-effective wound care therapy devices. Furthermore, negative pressure wound therapy is a supplementary therapy for successfully managing wounds, encouraging improved wound healing, and restoring skin integrity in affected individuals. Thus, this factor boosts the market growth.
- Technological Advancements
Several market companies are remodelling their wound care technology to include a negative pressure wound care therapy option, which is enhancing the market's growth. For instance, 3M Health Care announced advancements to improve the delivery of some wound care technologies by delivering Veraflo negative pressure wound therapy on 2022. The new products make it easier for physicians to provide care and facilitate faster, less painful, and easier dressing changes for patients with the help of Veraflo negative pressure wound therapy. Thus, this factor boost the market growth.
Restraints/Challenges
- Side-Effects of Negative Pressure Wound Therapy
There are varied side-effects that are associated with negative pressure wound therapy that impede the market growth. Letting patients to lie or walk on NPWT components might cause ulcerations from improper tubing insertion. Furthermore, patients using this therapy may suffer from more skin blistering than the ones receiving normal dressing treatment. These all factors hamper the growth of the market.
This negative pressure wound therapy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the negative pressure wound therapy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- On 2022, Smith+Nephew announced new indications for PICO 7 and PICO 14 Single Use Negative Pressure Wound Therapy (sNPWT) Systems. In addition to this, FDA approved PICO 7Y System, which helps in treating two wounds, to help reduce incidence of post-operative seroma, superficial incisional SSIs, and dehiscence for high-risk patients with Class I wounds.
Slovakia Negative Pressure Wound Therapy Market Scope
The negative pressure wound therapy market is segmented on the basis of product type, type, wound type, patient type, age, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Stand-Alone Negative Pressure Wound Therapy Device
- Portable Negative Pressure Wound Therapy Device,
- Disposable Negative Pressure Wound Therapy Device
Type
- Conventional Negative Pressure Wound Therapy Device
- Single Use Negative Pressure Wound Therapy Device
Wound Type
- Primary
- Secondary
- Tertiary
Patient Type
- In-Patient
- Out-Patient
Age
- Pediatric
- Adult
- Geriatric
End User
- Hospitals
- Wound Care Centers
- Ambulatory Centers
- Home Healthcare
- Clinics
- Others
Distribution Channel
- Direct Tenders
- Retail Sales
- Others
Competitive Landscape and Slovakia Negative Pressure Wound Therapy Market Share Analysis
The negative pressure wound therapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Slovakia presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to negative pressure wound therapy market.
Key players operating in the negative pressure wound therapy market include:
- Carilex Medical (Taiwan)
- Smith+Nephew (U.S.)
- Mölnlycke Health Care AB (Sweden)
- ConvaTec Group PLC (U.K.)
- MEDTRONIC (Ireland)
- PAUL HARTMANN AG (U.S.)
- DeRoyal Industries, Inc (U.S.)
- Talley Group Ltd (U.K.)
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