Global Negative Pressure Wound Therapy Devices Market Is Growing At A Significant Rate by 2018 and Major Industry Players Analysis are Acelity L.P. Inc., Smith And Nephew, Convatec, Inc., Molyncke Healthcare, Convatech, Inc.

Global negative pressure wound therapy devices market is expected to reach USD 4,975.7 million by 2024 from USD 3,011.3 million in 2016, at a CAGR of 6.0%. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Segmentation:

By Product Type (Stand-Alone, Portable, Disposable), By Wound Type (Surgical Wound, Diabetic Ulcers, Burn, Pressure Ulcers, Venous Ulcers, Others), By End User (Hospitals, Wound Care Centers, Ambulatory Centers, Home Healthcare, Clinics, Community Centers), By Distribution Channel (Direct Tenders, Retail), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)By Geography (North America, Europe, Apac, South America, Middle East And Africa)

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Drivers:

The major factors driving the growth of this market driving the growth of this market is The major factors driving the growth of this market are rising aging and geriatric population and technological advancement in negative pressure wound therapy devices increased number of surgical procedures, government support for promoting negative pressure wound therapy rising incidence of diabetes. On the other hand, high cost of products and availability of substitute products hinders the market growth.

RISING AGING AND GERIATRIC POPULATION

With increase in ageing population the incidences of chronic diseases such as diabetes, peripheral vascular disease is increasing. Skin breakdown with ulcer and chronic wound formation is a frequent consequence of these diseases. Negative pressure wound therapy (NPWT) products have been developed for treating wound due to the various types of ulcers such as pressure ulcers, vascular ulcers, and neuropathic ulcers.

According to Pfiedler, It has been estimated that more than USD 25.0 billion is spent each year on the treatment of chronic wounds, this burden is growing rapidly due to increasing health care costs and an aging population.
According to Angiology Open Access, it has been estimated that the number of amputations in the US is rising due to the increased incidence of diabetes and Peripheral Vascular Disease (PVD) in an aging population.

Thus, rising ageing population has led to increased incidences of chronic diseases in geriatric population thus increasing the usage of NPWT for treatment of the wound caused due to the chronic diseases such as diabetes, and peripheral vascular disease. NPWT systems are widely used with rising incidence of diabetes and obese population who are prone to chronic wounds. The complexities and risks associated with the development of chronic lower extremity wounds has resulted in increased demand of NPWT systems.

TECHNOLOGICAL ADVANCEMENT IN NEGATIVE PRESSURE WOUND THERAPY DEVICES

The key players are emphasizing developing innovative NPWT products with high properties of non-adherent, antimicrobial, non-cytogenic and porous. The new developments have led to a shift from simple dressings to more advanced devices and products.

The technological advancements taken place in single-use NPWT systems provide the benefits of NPWT for treating patients in hospital and community settings, with the expansion of treatment options, improving outcomes, and potentially reducing costs of care.

The demand for efficient and cost-effective use of resources to optimize wound care is rising as governments in the countries race to cut costs, while maintaining quality of care and improving treatment outcomes.
For instance, in 2016, Convatec Group launched the Avelle System in the disposable NPWT segment, which makes their entry into this fast-growing segment of the advanced wound care dressings market.

In 2011, Smith & Nephew launched PICO-the Single Use NPWT System in negative pressure wound therapy (NPWT)

In 2013, Molnlycke Health Care launched Avance Solo that strengthened its negative pressure wound therapy (NPWT) offering by launching, a single patient-use, true NPWT system with variable pressure settings, initially across the United Kingdom.

These developments and advanced products launches are giving opportunities for better implementation of the products and its efficient uses. Due the advancements in the technology, NPWT systems are widely accepted for the management of surgical wounds which require healing by secondary intention. The key players are marketing their technologically advanced products for various types of wounds such as open abdominal incisions, dehisced surgical wounds, burns, preparation for skin graft sites, and traumatic wounds among others.

INCREASED NUMBER OF SURGICAL PROCEDURES

Negative pressure wound therapy (NPWT) is the well-recognized technology for the management of open wounds and has recently been applied to closed surgical incisions.

NPWT when compared with standard postoperative dressings, significantly reduced the rate of wound infection and seroma when applied to closed surgical wounds. There has been increasing interest to use this technique on closed incisions after surgery to prevent possibly severe surgical site infections and other wound complications in high-risk patients. Negative pressure wound therapy with the help of negative pressure unit and specific dressings holds the incision edges together, redistribute lateral tension, stimulate perfusion, and protect the surgical site from external infectious sources.

According to wound care Canada, open surgical wounds are a significant health issue, and surgical site infections are the third leading cause of hospital-acquired infections in Canada. Patients with more challenging illnesses and more complex surgical procedures have all contributed to an increase in surgical site infections.

According to National Center for Health Statistics, in 2009, in U.S., 48 million surgical inpatient procedures were performed such cardiovascular system surgeries (7.3 million), musculoskeletal system surgeries (5.2 million).
Thus, increased number of surgical procedures has increased the usage of negative pressure wound therapy.

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TABLE OF CONTENTS

1. INTRODUCTION
1.1. OBJECTIVES OF THE STUDY
1.2. MARKET DEFINITION
1.3. OVERVIEW OF GLOBAL NEGATIVE PRESSURE WOUND THERAPY DEVICES MARKET
1.4. CURRENCY AND PRICING
1.5. LIMITATION
1.6. MARKETS COVERED

2. MARKET SEGMENTATION
2.1. MARKETS COVERED
2.2. GEOGRAPHIC SCOPE
2.3. YEARS CONSIDERED FOR THE STUDY
2.4. CURRENCY AND PRICING
2.5. RESEARCH METHODOLOGY
2.6. PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.7. SECONDARY SOURCES
2.8. ASSUMPTIONS

3. MARKET OVERVIEW
3.1. DRIVERS  
3.2. RESTRAINTS
3.3. OPPORTUNITIES
3.4. CHALLENGES

4. EXECUTIVE SUMMARY

5. PREMIUM INSIGHTS

6. GLOBAL NEGATIVE PRESSURE WOUND THERAPY DEVICES MARKET,
BY PRODUCT TYPE
6.1. OVERVIEW
6.2. STAND-ALONE NEGATIVE PRESSURE WOUND THERAPY DEVICES
6.3. PORTABLE NEGATIVE PRESSURE WOUND THERAPY DEVICES
6.4. DISPOSABLE NEGATIVE PRESSURE WOUND THERAPY DEVICES

7. GLOBAL NEGATIVE PRESSURE WOUND THERAPY MARKET,
BY END-USER
7.1. OVERVIEW
7.2. HOSPITALS
7.3. WOUND CARE CENTER
7.4. AMBULATORY CENTERS
7.5. HOME HEALTHCARE
7.6. CLINICS
7.7. COMMUNITY HEALTHCARE
 
8. GLOBAL NEGATIVE PRESSURE WOUND THERAPY DEVICES MARKET,

BY WOUND TYPE  
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Major Players:

Some of the major players operating in this market are Acelity L.P. Inc., Smith and Nephew, ConvaTec, Inc., Molyncke Healthcare, Convatech, Inc., among others.

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