Negative Pressure Wound Therapy (NPWT) is a specially designed therapy session, or basically a device that uses the properties of ‘vacuum’ to perform its functions, that is, of healing. There is a foam dressing that surrounds the wound and the machine, is applied right on top of it. The doctor moves the machine in a particular direction around the wound and first analyses the nature of the wound, that is, whether it is acute or chronic. As this is understood, the second step is taken. This involves making sure that the blood pumping is satisfactory and the wound doesn’t cause any blood loss, as this is something that happens very often. Now, more attention must be paid to the type of wounds these doctors often refer to. Diabetic ulcers, laparotomy, pressure ulcers, first and second degree burns, wounds that cause heavy blood loss and other related wounds are the ones that can easily be healed and dealt with, by this machine.
Negative Pressure Wound Therapy – Competitive Analysis
Key players are highly focused on the development of innovative products and strategic acquisitions to ensure theirpositions in the market at global level. The single use NPWT system PICO (Smith & Nephew) and V.A.C technology (Acelity) are few examples of recent technological advancements in the market. The key players operating in the NPWT market are Acelity L.P. Inc., Talley Group Limited, Devon Medical, Cardinal Health, Kinetic Concepts, Inc., Prospera Technologies LLC, Smith & Nephew plc, ConvaTec Inc., Wondermed Ltd., and Lohmann & Rauscher GmbH & Co. KG.
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Negative Pressure Wound Therapy – Industry Trend Analysis
The negative pressure wound therapy (NPWT) market is expected to be around $4 billion by 2025,due to increased awareness in the developing countries regarding advanced wound care and highly unmet medical needs in these regions. Preference by patients for treatments with minimum side effects and advantages of NPWT (including reduced hospital stay, decreased chances of infections, and lower rate of hospital mortality in patients) are driving the NPWT market.
Negative Pressure Wound Therapy – Market Opportunities
The advantages of NPWT in chronic diseases such as diabetes mellitus and rising cases of casualties caused due to accidents ensure a positive scope for future market growth. Technological innovations to develop cost effective disposable NPWT devices will further accelerate the market growth. Rising cases of traumatic events such as exposure to fire related traumas in developing countries will also contribute to the market growth.
Negative Pressure Wound Therapy – Application Outlook and Trend Analysis
Diabetic foot ulcers (DFU) segment accounted for the largest share of global NPWT market in 2016, due to rising prevalence of chronic ulcers such as DFU; whereas surgical wounds market is poised to grow at the highest CAGR during the forecast period.
NPWT Market Segmentation
Negative Pressure Wound Therapy – By Product:
Single use NPWT
Negative Pressure Wound Therapy – By Application:
Diabetic Foot Ulcers
Venous Leg Ulcers
Negative Pressure Wound Therapy – By End User:
Negative Pressure Wound Therapy – End User Outlook and Trend Analysis
Hospitals & clinics segment accounted for the major share of the overall market in 2016, due to increased focus of hospitals and clinics on providing advanced wound care services andtheir investments towards training and development of healthcare staffs.
Negative Pressure Wound Therapy – By Region:
North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific – Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Negative Pressure Wound Therapy – Regional Outlook and Trend Analysis
North America dominated the global market in 2016. Rising applications and increased adoption of target therapy are the key factors driving the market growth in this region. This has considerably reduced the duration of hospital stay for patients. Australian market exhibits high potential for growth over the forecast period, due toincreasing cases of chronic wounds along with rise in the geriatric population in this country. Also, increase in healthcare spending by Australians will be further contributing to the market growth.
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Negative Pressure Wound Therapy – List of Tables
Table 1.Global NPWT Devices Market, By Product ($Million), 2016-2025
Table 2.Conventional NPWT Devices Market, By Region ($Million), 2016-2025
Table 3.Single Use NPWT Devices Market, By Region ($Million), 2016-2025
Table 4.Global NPWT Devices Market, By Application ($Million), 2016-2025
Table 5.Diabetic Foot Ulcers Market, By Region ($Million), 2016-2025
Table 6.Venous Leg Ulcers Market, By Region ($Million), 2016-2025
Table 7.Pressure Ulcers Market, By Region ($Million), 2016-2025
Table 8.Burn Wounds Market, By Region ($Million), 2016-2025
Table 9.Other Applications Market, By Region ($Million), 2016-2025
Negative Pressure Wound Therapy – List of Figures
Figure 1.Global NPWT Devices Market Share, By Product, 2016 & 2025
Figure 2.NPWT Devices Market, By Application, 2016 ($Million)
Figure 3.NPWT Devices Market, By End User, 2016 ($Million)
Figure 4.NPWT Devices Market, By Region, 2016 ($Million)
Figure 5.Smith & Nephew: Net Revenues, 2014-2016 ($Million)
Figure 6.Smith & Nephew: Net Revenue Share, By Segment, 2016
Figure 7.Smith & Nephew: Net Revenue Share, By Geography, 2016
Figure 8.Acelity L.P, Inc.: Net Revenues, 2014-2016 ($Million)
Figure 9.Acelity L.P, Inc.: Net Revenue Share, By Segment, 2016
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.
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