The global negative pressure wound therapy (NPWT) market was valued at USD 1.85 billion in 2018 and is expected to reach USD 3.74 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period. North America led the global market in 2018, accounting for a significant share of 39.89%.
Negative pressure wound therapy (NPWT), also known as vacuum-assisted closure, is a specialized wound care system that applies continuous or intermittent negative pressure to the wound surface. This innovative treatment has gained widespread popularity for effectively managing both acute and chronic wounds, offering enhanced healing and improved patient outcomes.
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In October 2020, ExtriCARE USA introduced a new hybrid technology for Negative Pressure Wound Therapy (NPWT), known as hNPWT. This cutting-edge technology is set to disrupt the NPWT market, advancing the technology to a new level. The introduction of hNPWT is expected to enhance wound healing processes, improve patient outcomes, and accelerate the adoption of NPWT across various healthcare settings. As a result, this development is expected to play a pivotal role in shaping the future of wound care treatments, offering more effective and efficient solutions for patients with complex wounds.