Global Negative Pressure Wound Therapy (NPWT) Devices Market Projected to reach $2,948 million by 2025 | Acelity, Smith & Nephew, ConvaTec Group, Mölnlycke Health Care AB, Cardinal Health

The global negative pressure wound therapy (NPWT) devices market was valued at $2,202 million in 2017 and is projected to reach $2,948 million by 2025 at a CAGR of 3.5% from 2018 to 2025. Negative pressure wound therapy is a therapeutic technique that uses sub-atmospheric pressure to heal acute and chronic wounds this therapy promotes wound healing by applying vacuum through a sealed wound dressing. This vacuum draws out fluid and debris from the wound and increases blood supply to the affected area. NPWT devices are majorly used to manage various types of acute and chronic wounds such as diabetic ulcers, venous ulcers, arterial ulcers, pressure ulcers, and first- and second-degree burns. Several NPWT devices are available in various shapes and sizes to suit the patient’s body contour and the size of wound to be treated. In general, NPWT devices comprise a vacuum pump, drainage tubing, and dressing set. The vacuum pump is either fixed or moveable and is powered by alternating current or batteries. It is designed to regulate suction strength and includes features such as alarm indication for loss of suction and a replaceable collection canister. NPWT devices are of two types: single-use and conventional.

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Market Dynamics
The growth of the global negative pressure wound therapy (NPWT) devices market is driven by the increase in incidence of cases of chronic diseases such as diabetes mellitus and obesity, increase in casualties caused by accidents & trauma, surge in patient awareness about NPWT devices, growth in geriatric population, and technological advancements such as development of cost-effective disposable NPWT devices. However, factors, such as unnoticed complications of NPWT such as injuries and deaths caused by infections and dearth of trained healthcare professionals hamper the market growth. Conversely, increased focus on advancements in treatment protocols, significant unmet needs in the wound care field, and high market potential in untapped emerging economies are expected to provide lucrative growth opportunities for the market.

Market Segmentation
The global NPWT devices market is segmented based on product, wound type, end user, and region. On the basis of product, the market is bifurcated into single-use NPWT device and conventional NPWT device. The conventional NPWT device segment accounted for the largest market share in 2017 and is expected to continue this trend throughout the forecast period. On the other hand, the single-use NPWT device segment is anticipated to grow at a significant CAGR of 3.3% during the forecast period.

As per the wound type, the market is bifurcated into chronic wound and acute wound. The chronic wound segment is further classified into pressure ulcer, diabetic foot ulcer, venous leg ulcer, and arterial ulcer. On the other hand, the acute wound segment is sub-segmented into burn & trauma and surgical wound. The chronic wound segment accounted for the largest market share in 2017 and is expected to register the highest growth rate during the forecast period.

The key players of this market include Acelity L.P., Inc., Smith & Nephew plc, ConvaTec Group plc, Mölnlycke Health Care AB, Cardinal Health, Medela AG, Devon International Group (Devon Medical Products), ATMOS MedizinTechnik GmbH & Co. KG, Talley Group Ltd., and DeRoyal Industries, Inc.

Other players in the value chain include Wuhan VSD Medical Science & Technology Co., Ltd., Triage Meditech Pvt. Ltd., SunMed Medical, and The Wound Vac Company, LLC. These players are not profiled in the report, but can be included on request.

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Key Benefits
- The study provides an in-depth analysis of the global negative pressure wound therapy (NPWT) devices market with current trends and future estimations from 2017 to 2025 to elucidate the imminent investment pockets.
- A comprehensive analysis of factors that drive and restrict the market growth is provided.
- Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that influence this market on global and regional scales are provided.
- The key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the market.

Negative Pressure Wound Therapy (NPWT) Devices Market Key Segments:

TABLE OF CONTENTS:

CHAPTER 1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 CXO perspective

CHAPTER 3 MARKET OVERVIEW

3.1 Market Definition and Scope
3.2 Key Findings
3.3 Market Dynamics

3.3.1 Drivers

3.3.1.1 Rapidly aging population and favorable demographics worldwide
3.3.1.2 Rise in incidence of chronic conditions
3.3.1.3 Technological advancements to deal with complex wounds
3.3.1.4 Lower-cost models to drive the NPWT devices market
3.3.1.5 Increased awareness to reduce healthcare costs

3.3.2 Restraints

3.3.2.1 Unnoticed Complications of NPWT
3.3.2.2 Lack of evidence of Clinical effectiveness of NPWT
3.3.2.3 Need for experienced caregivers

3.3.3 Opportunities

3.3.3.1 Increased focus towards advanced treatment protocols
3.3.3.2 Significant unmet need in wound care
3.3.3.3 Opportunities in Emerging Markets

3.4 Reimbursement Scenario

3.4.1 Favourable reimbursement policies for PICO NPWT system to stimulate the market growth

3.5 Government Regulations

3.5.1 U.S. FDA
3.5.2 Europe CE Mark
3.5.3 Ministry of Health, Labour and Welfare (MHLW)

3.6 Clinical Trials

CHAPTER 4 WORLD NPWT DEVICES MARKET, BY PRODUCT

CHAPTER 5 WORLD NPWT DEVICES MARKET, BY APPLICATION

CHAPTER 6 WORLD NPWT DEVICES MARKET, BY END USER

CHAPTER 7 WORLD NPWT DEVICES MARKET, BY GEOGRAPHY

CHAPTER 8 COMPANY PROFILES

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Posted by on Tuesday June 18 2019, 5:15 AM EDT. All trademarks acknowledged. Filed under Featured Press Release, Healthcare, Life Sciences, Medical Devices, Pharmaceuticals. Comments and Trackbacks closed. Follow responses: RSS 2.0

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