Global Negative Pressure Wound Therapy (NPWT) Devices Marke Revenue to Decline During Coronavirus Disruption, Stakeholders to Realign Their Growth Strategies: Smith & Nephew, Acelity, ConvaTec, Coloplast, Molnlycke Health Care, Cardinal Health

Overview:

The method of drawing extra fluid from a wound is known as negative pressure wound therapy. It is also known as vacuum-assisted closure and is widely used to treat wounds in a diabetes patient. The global negative pressure wound therapy (NPWT) devices market is expected to grow at a high rate due to the growing prevalence of diabetes worldwide.

Drivers:

Growing prevalence of diabetes and diabetic ulcers, rising spending on surgical and chronic wounds, high rates associated with cesarean sections in elderly mothers that leads to increasing use of NPWT devices, and governmental initiatives to prevent surgical site infections (SSIs) are the major factors driving the growth of the global negative pressure wound therapy (NPWT) devices market. For instance, according to the International Diabetes Federation, it is estimated that nearly 642 million people will suffer from diabetes globally.

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Restraints:

The high cost of NPWT devices is the major factor restraining the growth of the global negative pressure wound therapy (NPWT) devices market.

Regional Insights:

North America dominates the global negative pressure wound therapy (NPWT) devices market due to the high prevalence of diabetes and chronic wounds in the region. For instance, as per the data of the American Diabetes Association, it is estimated that nearly 29 million people are likely to be diagnosed with diabetes in the United States by the year 2050. Moreover, the increasing geriatric population in the region is also fueling the market growth.

Competitive Section:

Key players of the global negative pressure wound therapy (NPWT) devices markets are Smith & Nephew, Acelity, ConvaTec, Coloplast, Molnlycke Health Care, Cardinal Health, Paul Hartmann, Medela, Atmos, Invacare Corporation, Medline Industries, Wondermed, and Prospera.

In February 2018, Smith & Nephew launched PICO 7, a wound therapy device that provides suction to draw excess fluid from the wound, in Europe.

In July 2018, Acelity launched an open abdomen dressing known as ABTHERA ADVANCE in the United States.

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The Global Negative Pressure Wound Therapy (NPWT) Devices market research report comprises the description of all major aspects concerning the Negative Pressure Wound Therapy (NPWT) Devices market. It provides helpful information that focuses on the key aspects and features linked to the market current and forecast growth trends, and clarify it with the help of appropriate statistics. The global market research report also includes in-depth information regarding the leading market. Competing with one another as well as developing industries in terms of value, the volume of sales, demand, and quality of products and services.

The report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the Negative Pressure Wound Therapy (NPWT) Devices industry. Growth of the overall Negative Pressure Wound Therapy (NPWT) Devices market has also been forecasted for the period 2020-2025, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.

Impact of COVID-19:

Negative Pressure Wound Therapy (NPWT) Devices Market report analyses the impact of Coronavirus (COVID-19) on the Negative Pressure Wound Therapy (NPWT) Devices industry. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Negative Pressure Wound Therapy (NPWT) Devices market in 2020.

COVID-19 can affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.

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Industrial Analysis of Negative Pressure Wound Therapy (NPWT) Devices Market:
Key Questions Answered in the Report:

What are the size of the overall Negative Pressure Wound Therapy (NPWT) Devices market and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities, and challenges of the Negative Pressure Wound Therapy (NPWT) Devices market, and how they are expected to impact the market?
What are the attractive investment opportunities within the Market?
What is the Negative Pressure Wound Therapy (NPWT) Devices market size at the regional and country-level?
Who are the key market players and their key competitors?
Market value- chain and key trends impacting every node with reference to companies
What are the strategies for growth adopted by the key players in Negative Pressure Wound Therapy (NPWT) Devices market?
How does a particular company rank against its competitors with respect to revenue, profit comparison, operational efficiency, cost competitiveness, and market capitalization?
How financially strong are the key players in Negative Pressure Wound Therapy (NPWT) Devices market (revenue and profit margin, market capitalization, expenditure analysis, investment analysis)?
What are the recent trends in Negative Pressure Wound Therapy (NPWT) Devices market? (M&A, partnerships, new product developments, expansions)

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