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Negative Pressure Wound Therapy Devices Market Study to 2025 | Smith & Nephew, Acelity, Mölnlycke, Cardinal Health, 3M, ConvaTec, HARTMANN GROUP, Medela, Talley Group Ltd, Triage Meditech Pvt Ltd
The Negative pressure wound therapy devices market report is a window to the industry which explains what market definition, classifications, applications, engagements and market trends are. The report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Market. The report provides with CAGR value fluctuation during the forecast period of 2018-2025 for the market. The base year for calculation in the report is taken as 2017 the historic year is 2016 which will tell you how the Negative pressure wound therapy devices market is going to perform in the forecast years by informing you what the market definition, classifications, applications, and engagements are.The Negative pressure wound therapy devices report contains information for historic years 2015 & 2016, the bottom year of calculation is 2017 and also the forecast amount is 2018 to 2025. Global 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%.
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Forecasting Regional and Global Analysis on Negative Pressure Wound Therapy Devices Market 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) and Geography.
· 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.
The global negative pressure wound therapy devices market is highly concentrated to a few big players and rest to local players who cater to domestic markets only.
• Acelity L.P. Inc.
• Smith and Nephew
• Molyncke Healthcare
• Cardinal Health
• Medela (Olle Larsson Holding Ag)
• Wound Rx Medical, Llc
• Paul Hartmann Limited
• Tally Group Limited
• Triage Meditech Pvt. Ltd
• Convatech Inc. among others
The key drivers of the market are ascend in instances of incessant maladies, for example, diabetes mellitus and heftiness, increment in losses caused because of mischances and injury, ascend in tolerant mindfulness about the gadgets, development in geriatric populace, and mechanical headways, for example, advancement of practical expendable NPWT gadgets.
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· Global negative pressure wound therapy devices market is dominated Acelity L.P. Inc., followed by Smith and Nephew and Molyncke Healthcare along with others such as 3M, ConvaTec Inc, among others.
· The global stand-alone negative pressure wound therapy devices Devices market is expected to reach USD 1,465.5 million by 2024, from USD 859.9 million in 2016, growing at the highest CAGR of 7.2%.
· The global surgical wound market is expected to reach USD 1,951.2 million by 2024, from USD 1,249.7 million in 2016, growing at a CAGR of 8.7%.
Market Segmentation: Global Negative Pressure Wound Therapy Devices Market
· Global negative pressure wound therapy devices market is segmented on the basis of
• Product Type
• Wound Type
• End User
• Distribution Channel
· On the basis of product type, the Global negative pressure wound therapy devices market is segmented into
• Stand-Alone Negative-Pressure Wound Therapy Devices
• Portable Negative-Pressure Wound Therapy Devices
• Disposable Negative-Pressure Wound Therapy Devices
· In 2017, standalone negative pressure wound therapy devices segment is expected to dominate the Global negative pressure wound therapy devices market with 51.1% market share and is expected to reach USD 2,104.7 million by 2024, growing with a CAGR of 3.2% in the forecast period 2017 to 2024.
· On the basis of wound type, the Global negative pressure wound therapy devices market is segmented into
• Surgical Wound
• Diabetic Ulcers
• Burns
• Pressure Ulcers
• Venous Ulcers And Others
· In 2017, surgical wound is expected to dominate the Global negative pressure wound therapy devices market with 41.3% market share and is expected to reach USD 1,951.2 million by 2024, growing with a CAGR of 5.3% in the forecast period 2017 to 2024.
· On the basis of end-user, Global negative pressure wound therapy devices market is segmented into
• Hospitals
• Wound Care Centers
• Ambulatory Centers
• Home Healthcare
• Clinics And Community Healthcare
· In 2017, hospital is expected to dominate the Global negative pressure wound therapy devices market with 42.4% market share and is expected to reach USD 1,664.8 million by 2024, growing with a CAGR of 2.5% in the forecast period 2017 to 2024.
· On the basis of distribution channel, Global negative pressure wound therapy devices market is segmented into
• Direct Tenders And
• Distributor & Retails
· In 2017, direct tenders is expected to dominate the Global negative pressure wound therapy devices market with 79.0% market share and is expected to reach USD 4,122.3 million by 2024, growing with the highest CAGR of 6.8% in the forecast period 2017 to 2024.
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