U.S (New York)–This Negative Pressure Wound Therapy (NPWT) Devices Market Report gives evaluation and insights primarily based on authentic consultations with necessary gamers such as CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors etc.
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. The growth of the global NPWT devices market is majorly driven by increase in the incidence of chronic diseases such as diabetes mellitus and obesity. The other factors boosting the market growth include rise in patient awareness toward the availability of cost-effective NPWT devices such as single-use devices and technological advancement in NPWT devices. However, lack of trained professionals and complications caused due to the usage of NPWT devices hinder the growth of the global market. On the contrary, increased focus on advancement of treatment protocols, significant unmet needs in the wound care field, and high market potential in untapped emerging economies are anticipated to serve as lucrative opportunities for market expansion.
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Negative pressure wound therapy (NPWT) systems are some of the most-commonly used therapies to treat acute and chronic wounds. They promote wound healing, reduce recurrent use of dressings (as in case of traditional wound care), provide an efficient option for management of closed surgical incision lines, and improve patient well-being. These consist of 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. Dressing sets contain either foam or gauze dressing to be placed on the wounds and an adhesive film drape to seal wounds. Drainage tubes are available in several configurations depending on the dressings used and the wound being treated.
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. As per wound type, it is categorized 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. Considering the end user segment, the market is segregated into hospital & clinic, ambulatory surgery center (ASC), and home care setting. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
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Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global negative pressure wound therapy (NPWT) devices market along with the 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.
Key Market Segments
By Product
Single-use NPWT device
Conventional NPWT device
By Wound Type
Chronic wound
Pressure ulcer
Diabetic foot ulcer
Venous leg ulcer
Arterial ulcer
Acute wound
Burn & trauma
Surgical wound
By End User
Hospital & clinic
Ambulatory surgery center (ASC)
Home care setting
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By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
UAE
Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
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.
DeRoyal Industries, Inc.
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request)
Wuhan VSD Medical Science & Technology Co., Ltd.
Triage Meditech Pvt. Ltd.
SunMed Medical
The Wound Vac Company, LLC.
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
Key Benefits of This Market Research:
- Industry drivers, restraints, and possibilities included in the study
- Neutral point of view on the market performance
- Recent enterprise developments and developments
- Competitive panorama and techniques of key players
- Potential and area of interest segments and areas exhibiting promising increase covered
- Historical, current, and projected market size, in phrases of value
- In-depth evaluation of the Market
- Overview of the regional outlook of the Market
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