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Asia Pacific Negative Pressure Wound Therapy Market Forecast 2019-2028

KEY FINDINGS
The Asia Pacific negative pressure wound therapy devices market is anticipated to record a CAGR of 6.54%, during the forecast years of 2019 to 2028. The key drivers promoting market growth are a high population base, medical tourism, the high prevalence of diabetes, and technological advancements.

MARKET INSIGHTS
The Asia Pacific negative pressure wound therapy devices market growth is studied through the analysis of China, India, Japan, Vietnam, Australia & New Zealand, Thailand, Indonesia, South Korea, and the rest of the Asia Pacific. Indian healthcare is one of the leading sectors, in terms of employment and revenue. The industry comprises medical devices, hospitals, outsourcing, clinical trials, medical tourism, telemedicine, medical equipment, and health insurance. Moreover, healthcare in India is developing at a steady pace, as a result of its strengthening coverage, services, and rising expenditure by private, as well as, public players.
As per the report by Mehta et al., in the Journal of Tissue Viability, the incidence of pressure ulcers in India was high among patients, in 2016. Moreover, critical health hazards like, malnutrition, anemia, and diabetes, with fatalities resulting from pressure ulcers in long-stay infirmaries, were extensively high. In 2019, the International Diabetes Federation reported that 8.90% of the total adult population suffered from diabetes, and this number is presumed to accelerate at an alarming pace. As a result, diabetes-related complications are likely to affect the Indian population in the upcoming years. Thus, the high incidence of diabetes and the high prevalence of diabetes-related health conditions are anticipated to promote the region's market for negative pressure wound therapy devices.

COMPETITIVE INSIGHTS
Some of the prominent players in the market are Convatec Group PLC, 3M Company, Paul Hartmann AG, Deroyal Industries Inc, Talley Group Limited, etc.

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Asia Pacific Negative Pressure Wound Therapy Market Forecast 2019-2028
Published By :Inkwood Research
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