Negative Pressure Wound Therapy Market Snapshot
According to Market Research Future (MRFR), the global negative pressure wound therapy market is estimated to expand at a CAGR of 6.7%, garnering a substantial market value during the review period from 2018 to 2023.
The increasing prevalence of chronic diseases like diabetes and obesity, along with growing fatalities owing to the accidents, are projected to be the most significant factors driving the global negative pressure wound therapy market 2020. Besides, numerous benefits of negative pressure therapy, such as accelerated wound healing period and reduced risk of pathogenic infection, are some vital factors enhancing its demand. Further, the other advantages, such as reducing the number of dressing changes and increased blood flow to the wounded part while drawing out excess fluids at the same time, are anticipated to accelerate the demand notably.
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On the contrary, the expenses associated with therapy and lack of expertise are predicted to hamper the market growth during the forecast period. However, continuous technical development, along with the aforementioned factors are likely to counter the impeding factors.
Negative Pressure Wound Therapy Market Segmentation
The segment evaluation of the global negative pressure wound therapy market is done by end-user, product type, and wound type.
The end-user based segments of the global negative pressure wound therapy market are hospitals, home care settings, and others. Among all, the hospital segment is estimated to procure the largest market share during the forecast period.
The product type based segments of the global negative pressure wound therapy market are conventional negative pressure wound therapy devices, single-use negative pressure wound therapy devices, and accessories. Among all segments, the single-use negative pressure wound is likely to be the fastest-growing segment during the forecast period.
The wound type based segments of the global negative pressure wound therapy market are ulcers, surgical and traumatic wounds, and burns. The ulcers segment has been further segmented into venous ulcers, diabetic foot ulcers, pressure ulcers, and others.
Negative Pressure Wound Therapy Market Regional Analysis
On the basis of geography, the global negative pressure wound therapy market is segmented into Europe, APAC, the Americas, and the Middle East & Africa.
Among all regions, the Americas are estimated to lead the global negative pressure wound market owing to the presence of developed healthcare infrastructure, growing patient pool, and advanced healthcare sector.
Europe is estimated to secure the second position during the forecast period owing to the increasing chronic illness. Further, the continuous research and development conducted in the region is projected to widen the regional market additionally, during the review period.
The APAC region is anticipated to acquire the fastest growth rate owing to the increasing patient pool along with the rising investment in the healthcare infrastructure. Further, the favorable initiatives taken by the government of emerging economies such as India and China are predicted to play a crucial role in expanding the market substantially.
The MEA region is likely to acquire the least market share due to the absence of development and sluggish economic growth. Further, African countries do not have enough resources to develop their healthcare infrastructure, which impacts the regional market substantially. However, the Middle East countries like Saudi Arabia, Kuwait, and others are anticipated to make a crucial contribution in strengthening the regional market.
Negative Pressure Wound Therapy Market Key Players
The renowned players of the global negative pressure wound therapy market are Cardinal Health, ACELITY L. P. Inc., ConvaTec Group Plc., Smith & Nephew, DeRoyal Industries, Inc., Lohmann & Rauscher International GmbH & Co. Kg, Medela, Genadyne, Talley Group, and Mölnlycke Health Care AB (A Subsidiary of Investor AB).
Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
LIST OF TABLES
Table 1 Global Negative Pressure Wound Therapy Market Synopsis, 2018–2023
Table 2 Global Negative Pressure Wound Therapy Market Estimates And Forecast, 2018–2023
Table 3 Global Negative Pressure Wound Therapy Market, By Region, 2018–2023 (USD Million)
Table 4 Global Negative Pressure Wound Therapy Market, By Product Type, 2018–2023 (USD Million)
Table 5 Global Negative Pressure Wound Therapy Market, By Wound Type, 2018–2023 (USD
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global Negative Pressure Wound Therapy Market
Figure 3 Segmentation Market Dynamics For Global Negative Pressure Wound Therapy Market
Figure 4 Global Negative Pressure Wound Therapy Market Share, By Product Type, 2017
Figure 5 Global Negative Pressure Wound Therapy Market Share, By Wound Type, 2017
Figure 6 Global Negative Pressure Wound Therapy Market Share, By End-User, 2017
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