“Negative pressure wound therapy is a therapeutic technique that uses sub-atmospheric pressure to heal acute and chronic wounds this therapy promotes wound healing by applying vacuum through a sealed wound dressing. NPWT is a technique used to heal chronic and acute wounds.
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This market research report on analyzes the growth prospects for the key vendors operating in this market space including Acelity L.P., Inc., Smith & Nephew plc, ConvaTec Group plc, Mölnlycke Health Care AB, Cardinal Health, Medela AG, Devon International Group (Devon Medical Products), ATMOS MedizinTechnik GmbH & Co. KG, Talley Group Ltd., and DeRoyal Industries.
NPWT are mainly used in chronic and acute wounds like first & second degree burns, pressure ulcers, arterial ulcers, venous ulcers and diabetic ulcers. Negative pressure wound therapy devices are present in various size and shape which suits the body of patient to heal the wound. NPWT devices mostly consists of drainage tubing, dressing set and vacuum pump. Negative pressure wound therapy devices are divided into two types: conventional and single use.
Growth in the occurrence of diabetes worldwide is the main concern that affects the population, NPWT market is projected to experience the fast growth. Driving factors that are increasing the negative pressure wound therapy market are rise in the elderly population which are susceptible to the chronic conditions like cardiovascular diseases and diabetes. Bed ridden patients are susceptible to pressure ulcers because of immobility, is the main contributor for negative pressure wound therapy market growth.
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Growth in the healthcare industry due to growing investments in research and development which provides cost-effective and handy user friendly devices which is anticipated to surge the demand for the NPWT market over the forecast period. Growing awareness towards healthcare and policies of reimbursement by the organizations of government are helping customers to accept the healthcare technology like negative pressure wound therapy. Negative pressure wound therapy market is propelled to swell in terms of demand due to awareness regarding affordable therapy for healing wound and growth in GDP over the forecast period.
Main element that will fuel the market is growth of hospitals with the better services for wound healing. Many of the hospitals are using their resources in procurement and preparation of skilled healthcare staff which will have impact on wound care administration and their services. Necessity for NPWT has increased widely which have advantages including decreased odds of wound showing trauma and open fractures, healing of transplanted skin and reduce mortality of patients with mediastinitis in hospitals.
Global negative pressure wound therapy market is divided on the basis of wound type, product, end-user and region. On the basis of wound-type, negative pressure wound therapy market is divided into burns, traumatic & surgical wounds and ulcers. Ulcer is further divided into venous ulcer, diabetic foot ulcer, pressure ulcer and many more. Traumatic and surgical wound category holds the largest negative pressure wound therapy market share over the forecast period, owing to increase in chronic wounds and surgical site infections globally.
Based on product, NPWT market is divided into conventional and single-use devices. Conventional devices holds largest NPWT market share in the estimated period. Rising demand for the conventional devices, as NPWT devices lessen the complications like infection at surgical site between patients with chronic wounds.
On the basis of end-user industry, negative pressure wound therapy market is divided into home care settings and hospitals.
Geographically, regions focusing on the development of negative pressure wound therapy market are Europe, Latin America, Asia Pacific, North America, Middle East & Africa and Rest of the World. Asia Pacific is anticipated to register highest CAGR in the coming years. North America is dominating the negative pressure wound therapy market, followed by Europe.
Key Segments in the “Global Negative Pressure Wound Therapy Market” are-
By Product market is segmented into:
- Conventional devices
- Single Use devices
By Wound Type market is segmented into:
- Traumatic & surgical wounds
By End-user market is segmented into:
- Home care settings
By Regions market is segmented into:
- Asia Pacific
- Latin America
- North America
- Middle East & Africa
- Rest of World
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What to expect from the Global Negative Pressure Wound Therapy Market report?
- Predictions of future made for this market during the forecast period.
- Information on the current technologies, trends, devices, procedures, and products in the industry.
- Detailed analysis of the market segmentation, depending on the types, devices, and products.
- Government regulations and economic factors affecting the growth of the market.
- An insight into the leading manufacturers.
- Regional demographics of the market.
Who should buy this report?
Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies
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