Negative Pressure Wound Therapy (NPWT) Devices Market is driven by growing prevalence of chronic wounds
The growing prevalence of diabetes and associated chronic wounds such as diabetic foot ulcers is a key factor driving the demand for NPWT devices. According to the International Diabetes Federation, approximately 537 million adults were living with diabetes in 2021 worldwide and the number is projected to rise to 643 million by 2030 and 783 million by 2045. NPWT helps manage diabetic foot ulcers more effectively by accelerating the healing process.
The Negative Pressure Wound Therapy (Npwt) Devices Market Demand is also witnessing significant growth in developing regions owing to growing medical infrastructure, rising healthcare expenditure, and increasing focus on wound care management. The Asia Pacific region is expected to witness the fastest growth during the forecast period. This can be attributed to the large patient pools, increasing awareness regarding advanced wound care solutions, and improving reimbursement scenario in several Asia Pacific countries.
Market drivers
The growing geriatric population is a major driver of the NPWT devices market. Elderly people above 65 years of age are more prone to develop chronic wounds such as pressure ulcers and hard-to-heal wounds due to reduced mobility and compromised healing abilities. According to statistics, 8.5% of the global population will be aged 65 years and above by 2030. This growing senior demographic is poised to significantly drive the demand for NPWT devices for wound management over the coming years.
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