Negative Pressure Wound Therapy Market - Global Forecast to 2023

Dublin, Oct. 11, 2018 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.

The NPWT devices market is expected to reach USD 2.72 billion by 2023 from USD 2.11 billion in 2018, at a CAGR of 5.2%

The growing prevalence of diabetes, increasing spending on chronic and surgical wounds, government initiatives to prevent SSIs, and the high rate of cesarean sections in older mothers leading to the increasing post-operative use of NPWT devices are some of the factors expected to drive market growth during the forecast period.

By product type, the NPWT devices market is categorized into conventional NPWT devices, single-use NPWT devices, and accessories. The single-use NPWT devices segment is expected to register the highest CAGR during the forecast period. Single-use NPWT devices are low-cost, small, and discreet NPWT systems, which incorporate simplified functionalities by removing the need for canisters and simplifying the dressing interface, these benefits are driving the growth of this segment.

Based on the wound type, the NPWT devices market is categorized into surgical and traumatic wounds, ulcers, and burns. In 2018, the surgical and traumatic wounds segment is expected to account for the largest share of the market. This growth can be attributed to the growing prevalence of surgical & traumatic wounds and increasing spending on such wounds.

Geographically, the NPWT devices 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.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Negative Pressure Wound Therapy Devices: Market Overview
4.2 Negative Pressure Wound Therapy Devices Market, By Wound Type (2018)
4.3 Geographical Snapshot Of The Negative Pressure Wound Therapy
4.4 Devices Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Prevalence Of Diabetes
5.2.1.2 Increasing Spending On Chronic And Surgical Wounds
5.2.1.3 Government Initiatives To Prevent SSIS
5.2.1.4 High Rate Of Cesarean Sections In Elderly Mothers Leading To Increasing Post-Operative Use Of NPWT Devices
5.2.2 Trends
5.2.2.1 Growing Usage Of Simplified Single-Use Devices

6 Negative Pressure Wound Therapy Devices Market, By Product Type
6.1 Introduction
6.2 Conventional NPWT Devices
6.3 Single-Use NPWT Devices
6.4 Accessories

7 Negative Pressure Wound Therapy Devices Market, By Wound Type
7.1 Introduction
7.2 Surgical And Traumatic Wounds
7.3 Ulcers
7.3.1 Diabetic Foot Ulcers
7.3.2 Venous Ulcers
7.3.3 Pressure Ulcers
7.3.4 Other Ulcers
7.4 Burns

8 Negative Pressure Wound Therapy Devices Market, By End User
8.1 Introduction
8.2 Hospitals
8.3 Home Care Settings
8.4 Other End Users

9 Negative Pressure Wound Therapy Devices Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Rest Of Europe
9.4 Asia
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest Of Asia (Roa)
9.5 Rest Of The World

10 Competitive Landscape
10.1 Overview
10.2 Market Share Ranking, 2017
10.2.1 Product Launches
10.2.2 Agreements
10.2.3 Expansions

11 Company Profiles
11.1 Acelity
11.2 Smith & Nephew
11.3 Mlnlycke Health Care Ab (A Subsidiary Of Investor Ab)
11.4 Convatec Group
11.5 Cardinal Health
11.6 Deroyal
11.7 Lohmann & Rauscher International Gmbh & Co. Kg
11.8 Talley Group
11.9 Medela
11.10 Genadyne

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Related Topics: Wound Care