The North America Negative Pressure Wound Therapy Market would witness market growth of 5.6% CAGR during the forecast period (2023-2030).
These devices are medical equipment that uses negative pressure to treat wounds. These devices comprise a pump responsible for generating negative pressure around a wound. Furthermore, the device also has canisters employed to collect exudate material from a wound. The foundation of NPWT adoption lies in the robust clinical evidence supporting its efficacy in promoting wound healing. Multiple studies and clinical trials have demonstrated the positive impact of NPWT on chronic wounds, post-surgical sites, trauma wounds, and burn injuries. Healthcare providers increasingly rely on this evidence to make informed decisions and integrate NPWT into their treatment regimens.
One of the primary drivers for NPWT adoption is its ability to reduce complications associated with wound healing significantly. NPWT has been demonstrated to be crucial in minimizing wound-related problems, such as infections, which can result in longer hospital stays and higher healthcare expenses, by establishing a controlled environment that reduces the chance of infections. NPWT's ability to provide improved patient outcomes and a faster recovery has made it a patient-preferred choice. The therapy increases mobility and comfort, improving the patient experience. As a result, healthcare providers are inclined to adopt NPWT to meet the expectations and preferences of their patients.
According to the Canadian Institute for Health Information, Canada's senior population of those 65 and older will expand by 68% over the next 20 years. It has more than tripled in size in the last 40 years. In 2017, it was around 6.2 million. It is anticipated to reach 10.4 million in 2037. Additionally, adopting advanced wound care technologies, including NPWT, aligns with Mexico's global trend towards more innovative and efficient wound management solutions. As healthcare facilities in Mexico strive to provide cutting-edge care, NPWT becomes an asset. Therefore, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Negative Pressure Wound Therapy Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $932.3 million by 2030. The Canada market is experiencing a CAGR of 8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.1% during (2023 - 2030).
Free Valuable Insights: The Negative Pressure Wound Therapy Market is Predict to reach USD 3.7 Billion by 2030, at a CAGR of 6.3%
Based on End-Use, the market is segmented into Hospitals, Homecare, and Others. Based on Product, the market is segmented into Conventional NPWT, and Single-use NPWT. Based on Type, the market is segmented into Pressure Ulcers, Diabetic Foot Ulcers, Venous Leg Ulcers, Burn Wounds, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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