Global Negative Pressure Wound Therapy (NWTM) Market Forecast 2016-2024: Industry Analysis, Trends, Size, And Market Opportunity Assessment

Treatment Modality For The Treatment Of Many Acute And Chronic Wounds

The market for negative pressure wound therapy is anticipated to have a growing CAGR of approximately 7.4% over the foresaid period i.e. 2016-2024 with approximately USD 1.24 billion in 2015 and from 2016 the market is further anticipated to garner USD 4.25 billion by 2024.

A healing approach involving a vacuum dressing to inflame healing in acute or chronic wounds is Negative-pressure wound therapy. It is used to strengthen healing of second and third degree burns. These are the wounds that do not heal within a six- to eight-week like foot ulcers, leg ulcers, and cancerous wounds. Individuals having chronic medical conditions, such as high cholesterol, severe burns, vascular disease, anemia, or AIDS, are at a higher risk of developing chronic wounds.

According to Goldstein Research, global negative pressure wound therapymarket is categorized on the basis of product, application and end user. Products are further segmented into stand-alone NPWT devices, portable NPWT devices, single-use disposable NPWT devices, NPWT accessories (canisters).Single-use NPWT over conventional NPWT devices has evolved as a promising therapy and accounted for the market share of 45% in 2016 owing to cost-effective portability factors.In Europe, the negative pressure wound therapy devices market is forecast to rise from USD 0.50 billion in 2016 to USD 0.63 million by 2020, with an annual growth rate of 4.9%.

Global Negative Pressure Wound Therapy Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, competitive analysis includes the in-depth analysis of the major players and leaders in healthcare industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry negative pressure wound therapymanufacturers, suppliers, and distributors, pharmaceutical companies, medical product manufacturers, healthcare institutions, clinical centers, medical research laboratories and academic medical centers and universities to analyze the future prospects of the overall healthcare industry.

Negative pressure wound therapy market for curing wounds and diseases can be segmented & classified on the basis of:

By Product Basis

  • Stand-alone NPWT Devices
  • Portable NPWT Devices
  • Single-use Disposable NPWT Devices
  • NPWT Accessories (Canisters)

By Application

  • Chronic Wounds
  • Pressure Ulcer
  • Diabetic Foot Ulcer
  • Venous Leg Ulcer
  • Arterial Ulcer
  • Acute Wounds
  • Burns & Trauma
  • Surgical Wound

By End User

  • Hospitals & Clinics
  • Ambulatory Surgery Centers (ASCs)
  • Home Care settings

By Geography

  • North America (US, Canada)Negative Pressure Wound TherapyMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Negative Pressure Wound TherapyMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) Negative Pressure Wound TherapyMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America)Negative Pressure Wound Therapy Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Negative Pressure Wound TherapyMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

Market Trends, Drivers and Challenges

Negative pressure wound therapy overlay technique with collagen dressings is tentatively used for non-healing wounds. These all work together as growth drivers for global negative pressure wound therapy market. Diabetes represents 67% of the market share in global wound therapy market and also work as primary driver as rise in prevalence of diabetes work as a major driver for this market, prevalence of chronic diseases such as diabetes, mellitus, etc. which leads to chronic wounds, rising cases of skin ulcers due to lack of awareness towards hygiene etc.High treatment cost, ongoing controversy regarding high-level evidence in wound care, less implications of implementing NPWT as a treatment strategy in the health-care system, lack of awareness and presence of complexities with negative pressure wound therapy hinders this market.

“Global Negative Pressure Wound Therapy Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Negative Pressure Wound Therapymarket report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

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