Negative pressure wound therapy market poised for growth

Tuesday, June 9, 2015

LONDON – The global market for negative pressure wound therapy will expand from $700 million in 2014 to about $1.07 billion by 2021, representing a compound annual growth rate of 6.2%, according to new research from consulting firm GlobalData. The increase will be driven primarily by increasing physician awareness of the technique and its various applications, according to the firm. “As the education of physicians improves and they gain access to more robust clinical data from large, randomized trials, the outlook for the NPWT market looks strong, with room for further product improvement with next-generation devices and accessories,” stated Premdharan Meyyan, GlobalData’s analyst covering medical devices, in a release.