A research study
titled, “Negative
Pressure Wound Therapy (NPWT) Market by Product, Application, and End User - Global Industry
Analysis and Forecast to 2025” published by Crystal Market Research, states
that the NPWT market is projected to be around $4 billion by 2025.
Negative pressure wound therapy refers to the intermittent
application of partial vacuum to a wound by means of a motorized pump. A
controlled negative pressure environment increases the oxygenation of tissues
and evacuates bacteria, edema fluid and exudate. The therapy has shown
promising capabilities in assisting healing of chronic and acute wounds such as
diabetic and pressure ulcers, partial burns and skin grafts. Diabetes is one of
the most common chronic diseases worldwide and its prevalence is increasing. As
per International Diabetes Federation, as of 2015, 415 million adults suffered
from diabetes and this number is expected to reach 642 million by 2040.
Moreover, as per the American Podiatric Medical Association (APMA), about 15%
of the total patients having diabetes experience foot ulcers. DFUs often co-exist
with vascular insufficiency, which leads to gangrene and amputation in diabetic
individuals. Major amputation is associated with significant morbidity and
mortality (13-14% during 1st year to 39-80% at 5 years) besides social,
psychological and financial consequences.
Browse full research report with TOC on “Negative
Pressure Wound Therapy (NPWT) Market by Product, Application, and End User -
Global Industry Analysis and Forecast to 2025” at:
http://www.crystalmarketresearch.com/report/negative-pressure-wound-therapy-npwt-market
Conventional NPWT devices segment accounted for the
largest share in the global market in 2016, owing to their ability to heal a
wide variety of wounds; while the single-Use NPWT devices is projected to be
the fastest-growing segment over the forecast period, due to its light weight and availability of advanced dressing options.
Chronic wounds segment accounted for the largest share of
global NPWT market in 2016, with diabetic foot ulcers market leading the
segment, due to rising prevalence of chronic wounds such as diabetic foot
ulcers. In addition to this, surgical wounds market is projected to be the
fastest-growing segment over the forecast period.
Hospitals & clinics segment dominated the overall
market in 2016, due to advent of hospitals providing advanced health care
services for the treatment of chronic and acute wounds. Moreover, they offer
better healing of transplanted skin with low chances of infections in case of
open wounds. Therefore, hospitals and clinics have been investing towards
training and development of healthcare professionals (such as physicians,
doctors, and paramedical staff), which is set to drive the demand for NPWT
devices.
North America held a major share of the overall market in
2016. This is primarily attributed to a number of factors such as the rising
incidence of diabetes mellitus, rapidly aging population, increased adoption of
technologically advanced NPWT products, and highly developed healthcare
infrastructure. Asia Pacific is expected to witness lucrative market growth
over the forecast period, due to the availability of untapped and unsaturated
markets coupled with rising demand for advanced healthcare services. Rapid
economic development along with increasing patient awareness levels is a major
avenue for the companies in the NPWT market.
Request a sample copy of Negative Pressure Wound Therapy
(NPWT) Market Research Report @
http://www.crystalmarketresearch.com/report-sample/HC057
Some of the major companies include ConvaTec Inc.,
Mölnlycke Health Care, Acelity L.P. Inc., Smith & Nephew plc, Coloplast
A/S, Paul Hartmann AG, Cardinal Health Inc., Medela AG, Devon Medical, Inc.,
and Talley Group Limited. These players have adopted strategies such as new
product development, collaboration, and strategic acquisitions. For instance,
in 2015, Acelity acquired a line of disposable NPWT products, SNaP Therapy
System, from Spiracur. This is expected to accelerate the company’s plans in
the disposable NPWT space while strengthening its product portfolio.
Key
Findings of the Research Study:
·
Conventional NPWT devices market accounts for
the major share in the global market and is projected to lead market during the
forecast period.
·
Patients prefer portable NPWT devices for
home care settings to minimize the overall cost of the hospital stay.
·
Diabetic foot ulcers market is projected to
witness robust growth during the forecast period, owing to rising prevalence of
diabetes mellitus and related chronic wounds.
·
U.S. dominates the global NPWT market with
about two-fifths share in 2016, primarily due to high adoption of
technologically advanced NPWT devices.
·
China and India offer huge opportunities for
NPWT market due to an outburst of diabetes and underserved patients.
Inquire more about this report at: http://www.crystalmarketresearch.com/send-an-enquiry/HC057
NPWT Market Segmentation
By Product:
- Conventional NPWT
- Single use NPWT
By Application:
- Diabetic Foot Ulcers
- Venous Leg Ulcers
- Pressure Ulcers
- Burn Wounds
- Others
By End User:
- Hospitals & Clinics
- Homecare Settings
- Others
By Region:
- North America
o U.S
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia-Pacific
- Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o Turkey
o United Arab Emirates
o Others
Get Customization in the Report At: http://www.crystalmarketresearch.com/customization/HC057
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Market Research
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