Negative Pressure Wound Therapy (NPWT) Market 2018-2025: Key Players (Acelity L.P. Inc., Talley Group Limited, Devon Medical, Cardinal Health, Kinetic Concepts, Inc., Prospera Technologies LLC)

Industry Trend Analysis
The negative pressure wound therapy (NPWT) market is expected to be around 4 billion by 2025,due to increased awareness in the developing countries regarding advanced wound care and highly unmet medical needs in these regions. Preference by patients for treatments with minimum side effects and advantages of NPWT (including reduced hospital stay, decreased chances of infections, and lower rate of hospital mortality in patients) are driving the NPWT market.

Product Outlook and Trend Analysis
Conventional NPWT devices dominated the overall market in 2016. Availability of favorable reimbursement policies and applicability of these devices for major wounds with greater depth are the key factors contributing to the growth of conventional NPWT devices market. Single use NPWT devices are expected to exhibit highest growth rate over the forecast period, due to rise in adoption of single use NPWT devices in homecare settings and cost-effectiveness of these devices.

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Competitive Analysis
Key players are highly focused on the development of innovative products and strategic acquisitions to ensure theirpositions in the market at global level. The single use NPWT system PICO (Smith & Nephew) and V.A.C technology (Acelity) are few examples of recent technological advancements in the market. The key players operating in the NPWT market are Acelity L.P. Inc., Talley Group Limited, Devon Medical, Cardinal Health, Kinetic Concepts, Inc., Prospera Technologies LLC, Smith & Nephew plc, ConvaTec Inc., Wondermed Ltd., and Lohmann & Rauscher GmbH & Co. KG.

Application Outlook and Trend Analysis
Diabetic foot ulcers (DFU) segment accounted for the largest share of global NPWT market in 2016, due to rising prevalence of chronic ulcers such as DFU; whereas surgical wounds market is poised to grow at the highest CAGR during the forecast period.

End User Outlook and Trend Analysis
Hospitals & clinics segment accounted for the major share of the overall market in 2016, due to increased focus of hospitals and clinics on providing advanced wound care services andtheir investments towards training and development of healthcare staffs.

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Regional Outlook and Trend Analysis
North America dominated the global market in 2016. Rising applications and increased adoption of target therapy are the key factors driving the market growth in this region. This has considerably reduced the duration of hospital stay for patients. Australian market exhibits high potential for growth over the forecast period, due toincreasing cases of chronic wounds along with rise in the geriatric population in this country. Also, increase in healthcare spending by Australians will be further contributing to the market growth.

Market Opportunities
The advantages of NPWT in chronic diseases such as diabetes mellitus and rising cases of casualties caused due to accidents ensure a positive scope for future market growth. Technological innovations to develop cost effective disposable NPWT devices will further accelerate the market growth. Rising cases of traumatic events such as exposure to fire related traumas in developing countries will also contribute to the market growth.

NPWT Market Segmentation
By Product:
Conventional NPWT
Single use NPWT

By Application:
Diabetic Foot Ulcers
Venous Leg Ulcers
Pressure Ulcers
Burn Wounds
Others

By End User:
Hospitals&Clinics
Homecare Settings
Others

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By Region:
• North America
o U.S
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia-Pacific
• Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o Turkey
o United Arab Emirates
o Others

Some of the key questions answered by the report are:
• What was the market size in 2016 and forecast from 2017 to 2025?
• What will be the industry market growth from 2017 to 2025?
• What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
• What are the major segments leading the market growth and why?
• Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

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