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Industry Overview

The incidence of chronic wounds is growing rapidly and is being treated with outdated foam-based Negative Pressure Wound Therapy technology, patented in 1996*

Magnitude

  • 6.5 Million patients with chronic wounds reported annually – 9% annual growth
  • $25 Billion in direct cost for caring for these wounds annually
  • $1.7 Billion Negative Pressure Wound Therapy (NPWT) annual cost

Market Drivers

  • Aging population
  • Rampant Obesity
  • 29 Million Diabetics