The global negative pressure wound therapy market has been split into product, wound type and end user segments. Among the product types, single use NPWT devices are set to grow at a highest CAGR of 5.2% owing to portability feature, which simplifies ease of use. In the wound type segments surgical and traumatic wounds owned the largest market share of 47.68% in 2018. Surgical site infections (SSI) represent a major concern in overall healthcare, both in developed and developing parts of the world. Despite all efforts, SSI contributes to mortality in 75% of cases.
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The global NPWT devices market is a consolidated market where the top four market players occupy about 50% market share. These players are vigorously targeting each other’s products and undertaking several strategic initiatives in order to capture market share.
Negative Pressure Wound Therapy Market: Advances in Mobile, Cannister-free Variants to Ensure Further Expansion
Backed by substantially alarming incidences of post-surgical operations such as infections at the sites of surgeries is likely to supplement ample growth probabilities for global negative pressure wound therapy market finds out Adroit Market Research.
Negative Pressure Wound Therapy market growth is strongly supported by large scale adoption across hospitals and care centers. However, one significant advantage and novel growth opportunity likely to further augment growth is the availability of newly designed negative pressure wound therapy products and devices that could also be used in an out-of-hospital environment.
Single-use Negative Pressure Wound Therapy to Improve Healing Capabilities for Pediatric Patients
Suitable for both chronic and acute wounds, negative pressure wound therapy market has been strongly driven by canister-based devices and offerings that substantially favored enormous growth in historical years. However, eying superlative refurbishments and development of new varieties, market participants and R&D institutions are favoring further studies to assess the scope of mobile negative pressure wound therapy devices that could largely support cannister-free developments which are mainly single use offerings.
Single use negative pressure wound therapy has posed beneficial consequences such that they have encouraged speedy recovery and significantly decreasing the wear timing of the devices, eliminating the need of frequent dressing changes, sometimes even for 7 consecutive days, as opposed to traditional NPWT devices that served for a maximum of 48-72 hours.
With single-use negative pressure wound therapy, crucial cases such as pediatric care is likely to be further improved with better healing outcome. These factors are contributing immensely towards growth and sustainability om negative pressure wound therapy market in the coming years.
Negative pressure Wound Therapy devices are also likely to be used in critical care patients as well neonatal patients to address care delivery gaps.
In 2018, North America held majority market share in negative pressure wound therapy market. Moreover, emerging economies of APAC and MEA region are set to grow at a highest pace, bypassing other regions. Market growth in these regions is fuelled by increasing health awareness, investments made by market players and government initiatives to provide better healthcare facilities. Prominent players operating in the global negative pressure wound therapy market are 3M Company, Smith & Nephew, Lohmann & Rauscher, Mölnlycke Health Care AB, Genadyne, Cardinal Health, ConvaTec and Medela among others.
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Key segments of the global negative pressure wound therapy market
Product Overview, 2015-2025 (USD Million)
- Conventional NPWT devices
- Single use NPWT devices
Wound Type Overview, 2015-2025 (USD Million)
- Surgical and traumatic wounds
- Diabetic foot ulcers
- Pressure ulcers
- Venous ulcers
End User Overview, 2015-2025 (USD Million)
- Hospitals and clinics
- Home care setting
Regional Overview, 2015-2025 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World
Reasons for the study
- Increasing chronic wound inducing disease states such as diabetes and conditions including surgical site infections
- Government initiatives for NPWT devices adoption in low income countries
- Use of alternatives or prototypes of NPWT in low and middle income countries
What does the report include?
- The study on the global negative pressure wound therapy market includes qualitative factors such as drivers, restraints, challenges and opportunities
- Additionally, the market has been evaluated using the value chain and Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of product, wound type and end user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
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