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Negative Pressure Wound Therapy Devices Market by Product Wound Type and End User - Global Opportunity Analysis and Industry Forecast, 2017-2025

  • ID: 4621216
  • Report
  • August 2018
  • Region: Global
  • 228 pages
  • Allied Analytics LLP
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Negative pressure wound therapy (NPWT) systems are some of the most-commonly used therapies to treat acute and chronic wounds. They promote wound healing, reduce recurrent use of dressings (as in case of traditional wound care), provide an efficient option for management of closed surgical incision lines, and improve patient well-being. These consist of a vacuum pump, drainage tubing, and dressing set. The vacuum pump is either fixed or moveable and is powered by alternating current or batteries. It is designed to regulate suction strength and includes features such as alarm indication for loss of suction and a replaceable collection canister. Dressing sets contain either foam or gauze dressing to be placed on the wounds and an adhesive film drape to seal wounds. Drainage tubes are available in several configurations depending on the dressings used and the wound being treated.

The global negative pressure wound therapy (NPWT) devices market was valued at $2,202 million in 2017 and is projected to reach $2,948 million by 2025 at a CAGR of 3.5% from 2018 to 2025. The growth of the global NPWT devices market is majorly driven by increase in the incidence of chronic diseases such as diabetes mellitus and obesity. The other factors boosting the market growth include rise in patient awareness toward the availability of cost-effective NPWT devices such as single-use devices and technological advancement in NPWT devices. However, lack of trained professionals and complications caused due to the usage of NPWT devices hinder the growth of the global market. On the contrary, increased focus on advancement of treatment protocols, significant unmet needs in the wound care field, and high market potential in untapped emerging economies are anticipated to serve as lucrative opportunities for market expansion.

The global NPWT devices market is segmented based on product, wound type, end user, and region. On the basis of product, the market is bifurcated into single-use NPWT device and conventional NPWT device. As per wound type, it is categorized into chronic wound and acute wound. The chronic wound segment is further classified into pressure ulcer, diabetic foot ulcer, venous leg ulcer, and arterial ulcer. On the other hand, the acute wound segment is sub-segmented into burn & trauma and surgical wound. Considering the end user segment, the market is segregated into hospital & clinic, ambulatory surgery center (ASC), and home care setting. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the global negative pressure wound therapy (NPWT) devices market along with the current trends and future estimations from 2017 to 2025 to elucidate the imminent investment pockets.
A comprehensive analysis of factors that drive and restrict the market growth is provided.
Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that influence this market on global and regional scales are provided.
The key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the market.

Key Market Segments

By Product

Single-use NPWT device
Conventional NPWT device     Â

By Wound Type

Chronic wound
Pressure ulcer
Diabetic foot ulcer
Venous leg ulcer
Arterial ulcer
Acute wound
Burn & trauma
Surgical wound

By End User

Hospital & clinic
Ambulatory surgery center (ASC)
Home care setting

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
UAE
Rest of LAMEA

LIST OF KEY PLAYERS PROFILED IN THE REPORT

Acelity L.P., Inc.
Smith & Nephew plc
ConvaTec Group plc
Mölnlycke Health Care AB
Cardinal Health
Medela AG
Devon International Group (Devon Medical Products)
ATMOS MedizinTechnik GmbH & Co. KG
Talley Group Ltd.
DeRoyal Industries, Inc.

LIST OF OTHER PLAYERS IN THE VALUE CHAIN(These players are not profiled in the report. The same will be included on request)

Wuhan VSD Medical Science & Technology Co., Ltd.
Triage Meditech Pvt. Ltd.
SunMed Medical
The Wound Vac Company, LLC.
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.3.1. List of key players profiled in the report
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top winning strategies
3.2.2. Top investment pockets
3.3. Market share analysis, 2017
3.4. Reimbursement scenario
3.4.1. Favorable reimbursement policies for PICO NPWT system to stimulate the market growth
3.4.1.1. Current Procedural Technology (CPT) codes
3.4.1.2. Healthcare Common Procedure Coding System (HCPCS) codes
3.5. Government regulations
3.5.1. U.S. FDA
3.5.2. Europe CE mark
3.5.3. Ministry of Health, Labour and Welfare (MHLW)
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. Rapidly aging population and favorable demographics worldwide
3.6.1.2. Rise in incidence of chronic conditions
3.6.1.3. Technological advancements in NPWT devices to deal with complex wounds
3.6.1.4. Increased awareness to reduce healthcare costs
3.6.2. Restraints
3.6.2.1. Unnoticed complications of NPWT
3.6.2.2. Need for experienced caregivers
3.6.3. Opportunities
3.6.3.1. Increased focus toward advanced treatment protocols
3.6.3.2. Significant unmet needs in wound care
3.6.3.3. Opportunities in the emerging markets
3.6.4. Impact analyses
3.7. Clinical trials

CHAPTER 4: NEGATIVE PRESSURE WOUND THERAPY (NPWT) DEVICES MARKET, BY PRODUCT
4.1. Overview
4.1.1. Market size and forecast
4.2. Single-use NPWT devices
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Conventional NPWT devices
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

CHAPTER 5: NEGATIVE PRESSURE WOUND THERAPY (NPWT) DEVICES MARKET, BY WOUND TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Chronic wounds
5.2.1. Market size and forecast, by type
5.2.1.1. Pressure ulcers
5.2.1.1.1. Market size and forecast
5.2.1.2. Diabetic foot ulcers
5.2.1.2.1. Market size and forecast
5.2.1.3. Venous leg ulcers
5.2.1.3.1. Market size and forecast
5.2.1.4. Arterial ulcers
5.2.1.4.1. Market size and forecast
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Acute wounds
5.3.1. Market size and forecast, by type
5.3.1.1. Burns & trauma
5.3.1.1.1. Market size and forecast
5.3.1.2. Surgical wounds
5.3.1.2.1. Market size and forecast
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

CHAPTER 6: NEGATIVE PRESSURE WOUND THERAPY (NPWT) DEVICES MARKET, BY END USER
6.1. Overview
6.1.1. Market size and forecast
6.2. Hospitals & clinics
6.2.1. Market size and forecast, by region
6.2.2. Market analysis, by country
6.3. Ambulatory surgery centers (ASCs)
6.3.1. Market size and forecast, by region
6.3.2. Market analysis, by country
6.4. Home care settings
6.4.1. Market size and forecast, by region
6.4.2. Market analysis, by country

CHAPTER 7: NEGATIVE PRESSURE WOUND THERAPY (NPWT) DEVICES MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast
7.2. North America
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. North America negative pressure wound therapy (NPWT) devices market, by country
7.2.2.1. U.S.
7.2.2.1.1. Market size and forecast, by product
7.2.2.1.2. Market size and forecast, by wound type
7.2.2.1.3. Market size and forecast, by end user
7.2.2.2. Canada
7.2.2.2.1. Market size and forecast, by product
7.2.2.2.2. Market size and forecast, by wound type
7.2.2.2.3. Market size and forecast, by end user
7.2.2.3. Mexico
7.2.2.3.1. Market size and forecast, by product
7.2.2.3.2. Market size and forecast, by wound type
7.2.2.3.3. Market size and forecast, by end user
7.2.3. North America market size and forecast, by product
7.2.4. North America market size and forecast, by wound type
7.2.5. North America market size and forecast, by end user
7.3. Europe
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Europe market size and forecast, by country
7.3.2.1. Germany
7.3.2.1.1. Market size and forecast, by product
7.3.2.1.2. Market size and forecast, by wound type
7.3.2.1.3. Market size and forecast, by end user
7.3.2.2. France
7.3.2.2.1. Market size and forecast, by product
7.3.2.2.2. Market size and forecast, by wound type
7.3.2.2.3. Market size and forecast, by end user
7.3.2.3. UK
7.3.2.3.1. Market size and forecast, by product
7.3.2.3.2. Market size and forecast, by wound type
7.3.2.3.3. Market size and forecast, by end user
7.3.2.4. Italy
7.3.2.4.1. Market size and forecast, by product
7.3.2.4.2. Market size and forecast, by wound type
7.3.2.4.3. Market size and forecast, by end user
7.3.2.5. Spain
7.3.2.5.1. Market size and forecast, by product
7.3.2.5.2. Market size and forecast, by wound type
7.3.2.5.3. Market size and forecast, by end user
7.3.3. Rest of Europe
7.3.3.1.1. Market size and forecast, by product
7.3.3.1.2. Market size and forecast, by wound type
7.3.3.1.3. Market size and forecast, by end user
7.3.4. Europe market size and forecast, by product
7.3.5. Europe market size and forecast, by wound type
7.3.6. Europe market size and forecast, by end user
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Asia-Pacific market size and forecast, by country
7.4.2.1. Japan
7.4.2.1.1. Market size and forecast, by product
7.4.2.1.2. Market size and forecast, by wound type
7.4.2.1.3. Market size and forecast, by end user
7.4.2.2. China
7.4.2.2.1. Market size and forecast, by product
7.4.2.2.2. Market size and forecast, by wound type
7.4.2.2.3. Market size and forecast, by end user
7.4.2.3. India
7.4.2.3.1. Market size and forecast, by product
7.4.2.3.2. Market size and forecast, by wound type
7.4.2.3.3. Market size and forecast, by end user
7.4.2.4. Australia
7.4.2.4.1. Market size and forecast, by product
7.4.2.4.2. Market size and forecast, by wound type
7.4.2.4.3. Market size and forecast, by end user
7.4.2.5. South Korea
7.4.2.5.1. Market size and forecast, by product
7.4.2.5.2. Market size and forecast, by wound type
7.4.2.5.3. Market size and forecast, by end user
7.4.2.6. Rest of Asia-Pacific
7.4.2.6.1. Market size and forecast, by product
7.4.2.6.2. Market size and forecast, by wound type
7.4.2.6.3. Market size and forecast, by end user
7.4.3. Asia-Pacific market size and forecast, by product
7.4.4. Asia-Pacific market size and forecast, by wound type
7.4.5. Asia-Pacific market size and forecast, by end user
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. LAMEA market size and forecast, by country
7.5.2.1. Brazil
7.5.2.1.1. Market size and forecast, by product
7.5.2.1.2. Market size and forecast, by wound type
7.5.2.1.3. Market size and forecast, by end user
7.5.2.2. Saudi Arabia
7.5.2.2.1. Market size and forecast, by product
7.5.2.2.2. Market size and forecast, by wound type
7.5.2.2.3. Market size and forecast, by end user
7.5.2.3. UAE
7.5.2.3.1. Market size and forecast, by product
7.5.2.3.2. Market size and forecast, by wound type
7.5.2.3.3. Market size and forecast, by end user
7.5.2.4. Rest of LAMEA
7.5.2.4.1. Market size and forecast, by product
7.5.2.4.2. Market size and forecast, by wound type
7.5.2.4.3. Market size and forecast, by end user
7.5.3. LAMEA market size and forecast, by product
7.5.4. LAMEA market size and forecast, by wound type
7.5.5. LAMEA market size and forecast, by end user

CHAPTER 8: COMPANY PROFILES
8.1. ACELITY L.P. INC.
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating product segments
8.1.4. Product portfolio
8.1.5. Key strategic moves and developments
8.2. ATMOS MedizinTechnik GmbH & Co. KG
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Product portfolio
8.3. Cardinal Health
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Business performance
8.3.6. Key strategic moves and developments
8.4. ConvaTec Group Plc.
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product Portfolio
8.4.5. Business performance
8.4.6. Key strategic moves and developments
8.5. DeRoyal Industries, Inc.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product Portfolio
8.6. Devon International Group (Devon Medical Products)
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Product Portfolio
8.7. Mlnlycke Health Care AB. (A subsidiary of INVESTOR AB)
8.7.1. Company Overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product Portfolio
8.7.5. Business performance
8.8. Olle Larsson Holding AG (Medela AG)
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Key strategic moves and developments
8.9. Smith & Nephew Plc.
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Business performance
8.9.6. Key strategic moves and developments
8.10. Talley Group Ltd
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Product Portfolio
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According to a new report titled, Negative Pressure Wound Therapy (NPWT) Devices Market, by Product, Wound Type, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025," the market was valued at $2,202 million in 2017, and is projected to reach $2,948 million by 2025, registering a CAGR of 3.5% from 2018 to 2025.

Negative pressure wound therapy (NPWT), also known as vacuum-assisted wound closure therapy, involves the application of sub-atmospheric pressure to heal acute and chronic wounds. NPWT devices are available in a variety of shapes and sizes to match the body contour of the patient and the size of wound to be treated. These devices consist of a vacuum pump, drainage tubing, and dressing set, which promote wound healing, reduce recurrent use of dressings, provide an efficient option for management of closed surgical incision lines, and improve patient well-being.

Increase in the incidence rate of chronic diseases such as diabetes mellitus & obesity and rise in the global geriatric population are expected to fuel the growth of the global NPWT devices market. In addition, innovations in wound care products, such as introduction of single-use and portable NPWT devices, drive the market growth. Moreover, development of cost-effective NPWT devices and rise in awareness among patients regarding wound care are expected to boost the market growth. However, unnoticed complications with the use of these devices and dearth of trained healthcare providers hamper the market growth. Conversely, high market potential in the untapped emerging economies, increased focus on improvement of treatment protocols, and significant unmet needs in the wound care field are expected to provide potential growth opportunities during the forecast period.

Among the NPWT devices, the conventional NPWT device segment generated the highest revenue in the global market, owing to the ability of these devices to heal various wounds. The single-use NPWT device segment is projected to grow at the highest CAGR, owing to the advantages associated with these devices, such as lightweight nature, better reimbursement insurance, and advanced dressing options.

By wound type, the chronic wound segment is projected to grow at the highest CAGR, owing to increase in incidence of chronic diseases such as diabetes mellitus. Among chronic wounds, the diabetic foot ulcer segment has been growing at a fast pace, and this trend is projected to continue throughout the forecast period. In case of acute wounds, the surgical wound segment is estimated to register the highest growth rate, owing to increase in prevalence of surgical wounds. Based on end user, the hospital & clinic segment occupied a major share of the NPWT devices market, as it provides better healing of transplanted skins and the possibility of infection in case of patients with open wounds is less. The home care setting segment is expected to be the dominant end-user segment, growing at a high CAGR.

Key Findings of the Negative Pressure Wound Therapy (NPWT) Devices Market:

In the year 2017, the conventional NPWT device segment generated the highest revenue.
In the wound type segment, the acute wound segment is projected to grow at a high CAGR.
Europe accounted for around one-third share of the global market in 2017.
LAMEA is expected to grow at a high CAGR from 2018 to 2025.

North America accounted for a major share in the global NPWT devices market in 2017 and is expected to maintain this trend throughout the forecast period. This is attributed to the rise in incidence of chronic wounds, increase in awareness among patients toward cost-effective NPWT devices, and availability of advanced healthcare facilities in North American countries. However, Asia-Pacific is expected to grow at the fastest rate, owing to ample growth opportunities in terms of unmet medical needs for the treatment of burns and surgical wounds and upsurge in prevalence of chronic diseases such as diabetes mellitus.
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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