Press release
The NPWT Devices And Dressings Market to grow on a technologically diversified note
The US$ 1991.5 Mn global negative pressure wound therapy (NPWT) devices and dressings market is projected for promising growth over the next 10 years. The global sales of NPWT devices and dressings are likely to expand at a healthy CAGR of 7.1% and reach a value of over US$ 3963 Mn by the end of 2027.
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According to Persistence Market Research, developing countries hold a greater growth potential, attributed to exploding population and higher instances of diabetic ulcers. While government and private investments in healthcare are boosting since the recent past, the number of healthcare facilities is growing as well. Besides diabetes, there are a few other diseases that are identified to generate decent demand for NPWT devices and dressings, including autoimmune diseases and a range of chronic illnesses.
Company Profiles:
Avery Dennison Corporation
Cardinal Health
Smith & Nephew, Inc.
Mölnlycke Health Care
Medela
Devon Medical Products
Acelity (Kinetic Concepts, Inc.)
ConvaTec Inc.
PAUL HARTMANN
Others.
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In addition, better response rate has been registered owing to improving awareness among consumers as well as practitioners across developing economies. Increasing need for low cost treatment options in emerging countries can be potentially fulfilled by cost-effective treatment alternatives by NPWT, resulting in growing adoption in developing markets. Fostering popularity of disposable and portable devices owing to their convenience and technological advantages, is likely to drive the consumption of NPWT devices and dressings during the forecast period.
With surging adoption of homecare settings, consumers in developing regions are increasingly realising that despite expensive initial installation price, NPWT offers relatively cheaper and more effective therapy. Persistence Market Research projects significant hike in sales of portable and disposable NPWT devices over the forecast period. Moreover, NPWT with a silver dressing also minimises a patient’s hospital stay and allows rapid recovery, which is another benefit presumed to support the market growth in coming years.
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The global market for NPWT devices and dressings has been segmented into:
Product Type
NPWT Devices
Standalone NPWT Devices
Portable NPWT Devices
Disposable NPWT Devices
NPWT Dressing kits
Foam dressing kit
Gauze dressing kit
Application
Chronic Wounds
Venous leg ulcers
Diabetic foot ulcers
Pressure ulcers
Acute Wounds
Traumatic wounds
Burn cases
Surgical Procedures
By End-user
Hospitals
Clinics
Ambulatory surgical centers
Home care settings
By Region
North America
Latin America
Europe
Asia Pacific
Middle East and Africa (MEA)
The wound management section of healthcare domain has been prospering since the past few decades. Widespread adoption of NPWT has made the devices abundantly available for clinical as well as home healthcare use. The global market for NPWT devices and dressings is apprehended to have promising growth prospects over 2017-2027, according to research conducted by Persistence Market Research.
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