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Negative Pressure Wound Therapy (NPWT) Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Global Negative Pressure Wound Therapy (NPWT), Devices Market: By Type (Single Use / Disposable, Conventional Use), by Application (Pressure Ulcers, Diabetic Foot Ulcers, Burn Wounds, Venous Leg Ulcer), by End-user (Hospitals, Ambulatory Surgical Centres, Homecare and Others) and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023Market Outline: Global Negative Pressure Wound Therapy (NPWT) Devices Market
Negative pressure wound therapy (NPWT) is also known as vacuum-assisted closure therapy or Wound VAC. In this process suction is used to draw fluids and drain away from an open wound. A special type of dressing is used to create the vacuum environment at the site of wound that increases the blood flow and keeps the area clean. This will help to prevent and heal the infection. There are special types of devices for negative pressure wound therapy they may be mechanical or powered (electrical).
Market dynamics: Global Negative Pressure Wound Therapy (NPWT) Devices Market
Global negative pressure wound therapy (NPWT) devices market is mainly driven by the growing demand and adaptation of the portable and small negative pressure wound therapy (NPWT) devices coupled with the increase in cases of chronic or acute wounds. Furthermore, growing aging population and number of diabetic patients who are more susceptible to the wounds also attributed to the growth of the market. Other notable factors such as technological advancements in NPWT devices such as the development of small and portable NPWT devices and advantages of negative pressure wound therapy over other wound therapies such as short recovery time are also expected to bolster the market growth over the forecast period. However, the lack of skilled professionals, the presence of other parallel therapies and complications in NPWT devices such as bleeding may hamper the global negative pressure wound therapy devices market over the forecast period.
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Market Scope: Global Negative Pressure Wound Therapy Devices (NPWT) Market
Global negative pressure wound therapy devices market is segmented based on type, application, and end user
Based on type, global negative pressure wound therapy (NPWT) devices market is segmented into
• Single Use / Disposable
• Conventional Use
Based on application, global negative pressure wound therapy devices (NPWT) market is segmented into
• Pressure Ulcers
• Diabetic Foot Ulcers
• Burn Wounds
• Venous Leg Ulcer
Based on end user, global negative pressure wound therapy devices (NPWT) market is segmented into
• Hospitals
• Ambulatory Surgical Centres
• Homecare
• Others
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Regional Analysis: Global Negative Pressure Wound Therapy Devices (NPWT) Market
Global Negative Pressure Wound Therapy Devices market is divided into five key regions, i.e., North America, Europe, Asia-Pacific, Latin America, The Middle East & Africa. North America negative pressure wound therapy devices market is expected to show significant growth rate owing to increased adoption rates of NPWT devices coupled with the growing prevalence of diabetes and rise in awareness related to NPWT devices. Asia-Pacific is expected to have lucrative growth owing to factors such as growing prevalence of diabetes, cases of burns and acute & chronic wounds and developing healthcare infrastructure. Furthermore, global companies expanding their business into the emerging countries such as India and China, this can be attributed to the growth of Asia Pacific negative pressure wound therapy devices market during the forecast period.
Competition Assessment: Global Negative Pressure Wound Therapy Devices (NPWT) Market
Key players’ profiles in global negative pressure wound therapy devices (NPWT) market include
• Mölnlycke Health Care (Sweden)
• Acelity L.P. Inc. (U.S.)
• Smith & Nephew Plc (U.K.)
• Devon International Group, Inc. (U.S.)
• Cardinal Health, Inc. (U.S.)
• Medela (Olle Larsson Holding AG) (Switzerland)
• Carilex Medical Inc. (China)
• Equinox Medical Technologies B.V. (Netherlands)
• ConvaTec Group plc (U.K.)
• H & R Healthcare Ltd. (U.K.)
Notable Market Developments: Global Negative Pressure Wound Therapy Devices (NPWT) Market
• In April 2012, Infinity Medical launched the negative pressure wound therapy device,
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Key Features of the Report:
• The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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