A recent report published by Infinium Global Research on negative
pressure wound therapy market provides in depth analysis of segments and sub-segments
in global as well as regional negative pressure wound therapy market. The study
also highlights the impact of drivers, restraints and macro indicators on the
global and regional negative pressure wound therapy market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of global negative pressure wound therapy market.
According to report the global negative pressure wound therapy market is
projected to grow at a CAGR of 3.5% over the forecast period of 2017-2023. A
wound is generally defined as an injury to living tissue by a cut, blow or
other impact, typically one in which the skin is broken. These wounds are
basically classified as chronic and acute wounds. Among these, acute wound
lasts for less than eight weeks in duration and follows normal stages of wound
healing, whereas chronic wounds does not proceed through the normal healing
stages and lasts for longer time. There are various factors which influence the
development of chronic wounds, which includes age, diabetes, obesity, cancer,
chemotherapy, poor nutrition, infection, chronic illness, etc.
The wound care market comprises two main
segments, namely traditional wound dressings and advanced wound care products.
Traditional wound dressings are extensively used by healthcare professional
particularly under dry environment to protect wound from external factors.
Advanced wound care products are used by specialist professionals to provide a
therapeutic effect that supports wound healing. Based on type of technology
used in wound healing process, these products are divided into moist wound care
dressings, biologics, negative pressure wound therapy (NPWT) devices and other
therapeutic devices. Among these, NPWT therapy has become a popular method of
treating a large number of acute and chronic wounds over the past decade and
developed as an important addition to the vast number of wound treatments
available to the healthcare professionals. This NPWT device applies suction and
removes excess fluid from the wound bed through a tubing system attached to a
canister with an objective to improve the wound environment and thereby promote
healing. This therapy is also known as atmospheric pressure therapy and topic negative
pressure therapy. The main NPWT device currently in use is the foam-based
V.A.C. system developed by acelity.
Figure 1: Global Negative Pressure Wound
Therapy Market by Value 2015-2023
Market
Insights
The principle driving factors fueling this
market growth include rise in base of aging population, increasing demand in
emerging markets, growing incidence of diabetes, increasing applications of
NPWT devices and technological advancements. However, the lower pricing of
devices due to increased competition globally, and reduction in reimbursements
in the US and Europe could impact the market growth in the coming years. Thus,
by considering above-mentioned factors, the market remains strong in the coming
years with new product launches which can be used at patient’s home and
increased demand for NPWT products.
Segment Covered
The report on global negative pressure wound therapy market covers
segments such as, type of device, wound type and end use. On the basis of type
of device the global negative pressure wound therapy market is categorized into
standard NPWT devices and single-use NPWT devices. On the basis of wound type
the global negative pressure wound therapy market is categorized into diabetic
foot ulcers, venous leg ulcers, pressure ulcers, burn wounds and others. On the
basis of end use the global negative pressure wound therapy market is
categorized into hospitals, outpatient surgery centers and homecare setting.
Geographic Coverage
The report provides regional analysis covering geographies such as
North America, Europe, Asia-Pacific, and Rest of the World. In this section the
key trends and market size for each geography is provided over the period of
2015-2023.
Figure 2: Global Negative Pressure
Wound Therapy Market by Region, CAGR % 2017-2023
The countries covered in the North America region include the
U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India,
South Korea, Malaysia, and among others. Moreover, Germany, U.K., France,
Spain, and Rest of Europe are included in the European region. The U.S. drives
the growth in the North America region as it is the largest market in the
region. The Asia-pacific region offers a substantial potential for the market
growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a
growth at a CAGR of x.x% over the period of 2017-2023.
Companies Profiled:
The report provides profiles of the companies in the global negative
pressure wound therapy market such as, Smith & Nephew, ConvaTec, Paul
Hartmann, Acelity, Cardinal Health, Prospera, Medela AG, Devon Medical Inc.,
Lohmann & Rauscher and Molnlycke Health Care.
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global negative pressure wound therapy market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of negative pressure wound therapy market. Moreover, the study highlights current market trends and provides forecast from 2017-2023. We also have highlighted future trends in the negative pressure wound therapy market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the negative pressure wound therapy market to understand the present and future trends in this market and formulate their strategies accordingly.