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North America Negative Pressure Wound Therapy Devices Market Forecast 2019-2028

KEY FINDINGS
The North America negative pressure wound therapy devices market is estimated to garner a CAGR of 4.79%, across the forecast period of 2019 to 2028. The introduction of improved products and implants like negative pressure wound therapy (NPWT) PRO family devices, and advantageous reimbursement developments, are anticipated to bolster the market growth.

MARKET INSIGHTS
The North America negative pressure wound therapy devices market growth is analyzed by assessing Canada and the United States. Canada's negative pressure wound therapy market is rapidly growing due to rising investments by the government, owing to the recommendations of the Wound Care Alliance (WCA). A survey conducted by the WCA in 2012, indicated that the nation needed to concentrate on reinforcing the healthcare system by cost reduction. Consequently, the annual expense for wound therapy in the country is estimated to be over $3.8 billion. These values are projected to increase by 30%, by the end of 2020.
Moreover, the incidence of pressure ulcers across Canada is around 26%, which is higher than those identified in countries like the United States and the Netherlands. The country is also equipped with good quality healthcare infrastructure and hospital services, in addition to major industries establishing their presence in the market. Therefore, the focus on negative pressure wound therapy, integrated with other wound treatments, is anticipated to drive the region's market growth.

COMPETITIVE INSIGHTS
Some of the distinguished companies in the market include 3M Company, Cardinal Health, Paul Hartmann AG, Medela AG, Convatec Group PLC, etc.

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North America Negative Pressure Wound Therapy Devices Market Forecast 2019-2028
Published By :Inkwood Research
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