Trends in Negative Pressure Wound Therapy Market - Key Companies Profile, Supply, Demand, Cost Structure, and SWOT Analysis

The negative pressure wound therapy market is expected to reach USD 2.72 billion by 2023 from USD 2.01 billion in 2017, at a CAGR of 5.2%. Growing prevalence of diabetes, increasing spending on chronic and surgical wounds, government initiatives to prevent SSIs, and high rate of cesarean sections in elderly mothers leading to increasing post-operative use of NPWT devices are some of the factors expected to drive market growth during the forecast period

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Negative pressure wound therapy market is segmented by product type, wound type, end user, and region. By product type, NPWT devices market is categorized into conventional NPWT devices, single-use NPWT devices, & accessories. Conventional segment is expected to account for largest share of global NPWT devices market in 2018.

Negative pressure wound therapy market is segmented into surgical and traumatic wounds, ulcers, and burns. Ulcer segment is subsegmented into pressure ulcers, venous ulcers, diabetic foot ulcers, & other ulcers. Surgical and traumatic wounds segment is expected to hold largest share of wound type segment in 2018 due to growing prevalence of surgical & traumatic wounds & increasing spending on chronic and surgical wounds.

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Negative pressure wound therapy market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). In 2018, North America is expected to command largest share of NPWT devices market. Large share of this market segment can be attributed to increasing incidence of chronic wounds and diabetes & rising geriatric population. In addition to this, favorable reimbursement scenario in the region is expected to increase the adoption of NPWT devices.

The Objectives of this study are as follows:
• To define, describe, and forecast the market by product type, wound type, end user, and region
• To forecast the revenue of the market segments with respect to four main regional segments, namely, North America, Europe, Asia, and the Rest of the World (RoW)
• To identify the micromarkets with respect to drivers, restraints, industry-specific challenges, opportunities, and trends affecting the growth of the market
• To analyze market segments and subsegments with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To profile the key players and comprehensively analyze their market shares and core competencies in terms of market developments and growth strategies
• To track and analyze competitive developments such as partnerships, agreements, collaborations, and joint ventures; mergers and acquisitions; product launches; and research and development activities in the market.

More Information on “Negative Pressure Wound Therapy Market by Device Type (Conventional & Single-use NPWT, Accessories), Wound Type (Surgical & Traumatic, Diabetic Foot, Pressure, Venous Leg Ulcers and Burns), End User (Hospitals, Homecare) - Global Forecast to 2023” research https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1717319 .

Geographically, the negative pressure wound therapy market is dominated by North America, followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period. Growth in this region can be attributed to the developing healthcare infrastructure, rising burden of chronic diseases such as diabetes, and the launch of supportive government initiatives to prevent surgical site infections.

The primary interviews conducted for this report can be categorized as follows:
• By Company Type: Tier 1 – 70% and Tier 2 – 30%
• By Designation: C-level – 62%, Director-level – 21%, and Others – 17%
• By Region: North America –20%, Asia– 30%, Europe – 50%

The report analyses the NPWT devices market by product type, wound type, end user, and region. Apart from a comprehensive geographic product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years.

Snehal Shete
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