Spain Negative Pressure Wound Therapy (NPWT) Market is expected to reach US$ 136.9 Million by 2031


PRESS RELEASE BY The Insight Partners 23 Jul 2024

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Traditional NPWT Devices Segment to Contribute Significantly to Spain Negative Pressure Wound Therapy (NPWT) Market Growth During 2023–2031

 

According to our latest study on "Spain Negative Pressure Wound Therapy (NPWT) Market Forecast to 2031 – Country Analysis – Product, Application, and Distribution Channel," the market was valued at US$ 78.6 million in 2023 and is projected to reach US$ 136.9 million by 2031. The Spain negative pressure wound therapy (NPWT) market report emphasizes the key factors driving the market and showcases the developments of prominent players. The rising prevalence of diabetes and a high rate of cesarean sections are the key factors contributing to the growing Spain negative pressure wound therapy (NPWT) market size. However, complications and discomfort associated with devices impede the market growth.  

 

As the healthcare sector continues to embrace digital innovation, NPWT device manufacturers are increasingly incorporating smart features such as connectivity, remote monitoring, and data analytics into their products. Smart NPWT devices, incorporated with sensors and networking functions, are changing the way wound care is managed. Such modern gadgets can track exudate levels, keep track of wound healing, and provide healthcare professionals with real-time data. Smart NPWT systems enable personalized treatment programs, early problem diagnosis, and remote patient monitoring. These advancements allow healthcare providers to track patients' progress remotely, adjust therapy settings in real time, and gather valuable insights for personalized treatment plans. By harnessing the power of smart technologies, NPWT devices can act with better efficiencies, delivering optimized outcomes and enhanced patient satisfaction in wound care management. Thus, the Spain NPWT devices market is poised to witness continued growth driven by the integration of smart technologies, ultimately leading to better clinical outcomes and quality of life for patients. Thus, the integration of smart technologies is expected to emerge as a significant Spain negative pressure wound therapy (NPWT) market trend in the coming years, underscoring the industry's commitment to innovation and highlighting the potential for transformative advancements in wound care practices in Spain.

 

Spain Negative Pressure Wound Therapy (NPWT), by Product Segment, (%)

Spain Negative Pressure Wound Therapy (NPWT), by Product Segment, (%)


Spain Negative Pressure Wound Therapy (NPWT) Market 2031

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Spain Negative Pressure Wound Therapy (NPWT) Market Size and Forecast (2021 - 2031), Country Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product (Traditional NPWT Devices and Single-Use NPWT Devices), Application [Therapeutic (Traumatic Wounds, Diabetic Foot Ulcer, Pressure Injuries, Venous Leg Ulcers, Incontinence-Associated Dermatitis, and Others) and Prophylactic], and Distribution Channel (Direct Sales/Tenders and Pharmacies), and Country

 

Source: The Insight Partners Analysis

 

Despite its outstanding wound-healing qualities, there has been an increase in the reports of issues caused by negative pressure wound therapy. Common complications associated with this therapy include bleeding, infection, discomfort, heart rupture, and death in the short term. On the other hand, the long-term usage of the therapy may reduce life quality, raise anxiety, and cause malnutrition. Researchers have identified bleeding as a severe side effect of NPWT. Pain is a frequently underestimated condition that may turn out as a serious consequence of NPWT in individuals with neuropathy receiving treatment for lower extremity wounds. Many patients treated with NPWT for wounds caused by trauma, as well as those who do not have neuropathy, may experience acute pain during therapy and dressing changes. Hence, the complications and discomfort related to the devices hamper the growth of the Spain negative pressure wound therapy (NPWT) market growth.

 

Market Segmentation:

 

The Spain negative pressure wound therapy (NPWT) market analysis has been carried out by considering the following segments: product, application, and distribution channel. Based on product, the market is segmented into traditional NPWT devices and single-use NPWT devices. The traditional NPWT devices segment held a larger Spain negative pressure wound therapy (NPWT) market share in 2023. The rising prevalence of chronic wounds, population aging, and an increasing incidence of conditions such as diabetes and obesity benefit the market for traditional NPWT devices. On the other hand, single-use NPWT systems are gaining traction in the wound therapy market, particularly in scenarios where cost-effectiveness and convenience are crucial.

 

By application, the market is categorized into therapeutic and prophylactic. The therapeutic segment held a larger Spain negative pressure wound therapy (NPWT) market share in 2023. Factors such as the increasing prevalence of chronic wounds, the rising geriatric population, and the surging incidence of diabetes and obesity propel the demand for NPWT devices in therapeutic applications. Nearly 162 million people in Spain undergo treatment for chronic wounds per year; these include people suffering from pressure, vascular, and diabetic ulcers.

Based on end user, the Spain negative pressure wound therapy (NPWT) market is divided into direct sales/tenders and pharmacies. The direct sales/tenders segment held the largest market share in 2023. Direct sales and participation in tenders enable NPWT manufacturers to engage directly with healthcare providers, facilitating efficient distribution and fostering collaborative relationships within the market.

 

The Spain negative pressure wound therapy (NPWT) market report emphasizes prominent players operating in the market; these include DeRoyal Industries Inc, Cardinal Health Inc, Smith & Nephew Plc, Molnlycke Health Care AB, Paul Hartmann AG, Medela AG, Convatec Group Plc, Pensar Medical, Direct Healthcare, The West Group Ltd, and Teknomar Makina San. Ve Tic. Ltd. Sti (Amedus).

 

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