Global Negative Pressure Wound Therapy Devices Market Research 2014 to 2024
Pune, India -- (SBWIRE) -- 06/14/2018 -- The Global negative pressure wound therapy devices Market is accounted to reach USD 4,975.7 million by 2024 from USD 3,011.3 million in 2016, at a CAGR of 6.0% in the forecast period 2017 to 2024
The major factors driving the growth of this market are rising aging and geriatric population and technological advancement in negative pressure wound therapy devices increased number of surgical procedures, government support for promoting negative pressure wound therapy rising incidence of diabetes. On the other hand, high cost of products and availability of substitute products hinders the market growth.
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The key market players for Global negative pressure wound therapy devices Market are listed below:
- Acelity L.P. Inc.,
- Smith and Nephew
- Molyncke Healthcare
Global negative pressure wound therapy devices market is segmented on the basis of Product Type, Wound Type, End User and Distribution Channel.
On the basis of product type, the Global Negative Pressure Wound Therapy Devices Market is segmented into stand-alone negative-pressure wound therapy devices, portable negative-pressure wound therapy devices and disposable negative-pressure wound therapy devices. In 2017, standalone negative pressure wound therapy devices segment is expected to dominate the Global negative pressure wound therapy devices market with 51.1% market share and is expected to reach USD 2,104.7 million by 2024, growing with a CAGR of 3.2% in the forecast period 2017 to 2024.
On the basis of wound type, the Global negative pressure wound therapy devices market is segmented into surgical wound, diabetic ulcers, burns, pressure ulcers, venous ulcers and others. In 2017, surgical wound is expected to dominate the Global negative pressure wound therapy devices market with 41.3% market share and is expected to reach USD 1,951.2 million by 2024, growing with a CAGR of 5.3% in the forecast period 2017 to 2024.
On the basis of end-user, Global negative pressure wound therapy devices market is segmented into hospitals, wound care centres, ambulatory centres, home healthcare, clinics and community healthcare. In 2017, hospital is expected to dominate the Global negative pressure wound therapy devices market with 42.4% market share and is expected to reach USD 1,664.8 million by 2024, growing with a CAGR of 2.5% in the forecast period 2017 to 2024.
On the basis of distribution channel, Global negative pressure wound therapy devices market is segmented into direct tenders and distributor & retails. In 2017, direct tenders is expected to dominate the Global negative pressure wound therapy devices market with 79.0% market share and is expected to reach USD 4,122.3 million by 2024, growing with the highest CAGR of 6.8% in the forecast period 2017 to 2024.
North America Industry Segmentation
The North America negative pressure wound therapy devices Market is accounted to reach USD 2,511.2 million by 2024 from USD 1,544.8 million in 2016, at a CAGR of 5.8% in the forecast period 2017 to 2024
Product Type: Standalone negative pressure wound therapy devices are dominating 47.4% market share and is expected to reach USD 942.7 million by 2024, growing with a CAGR of 2.3% in the forecast period 2017 to 2024.
Wound Type: surgical wound is expected to dominate the North America negative pressure wound therapy devices market with 46.8% market share and is expected to reach USD 1,139.3 million by 2024, growing with a CAGR of 5.3% in the forecast period 2017 to 2024.
End-User: Hospital is expected to dominate the North America negative pressure wound therapy devices market with 41.4% market share and is expected to reach USD 754.5 million by 2024, growing with a CAGR of 1.0% in the forecast period 2017 to 2024.
Distribution Channel: Direct tenders is expected to dominate the North America negative pressure wound therapy devices market with 76.6% market share and is expected to reach USD 2,038.1 million by 2024, growing with the highest CAGR of 6.7% in the forecast period 2017 to 2024.
Europe Industry Segmentation
Europe Negative pressure wound therapy devices Market is accounted to reach USD 1,158.8 million by 2024, from USD 831.1 million in 2016 growing at a CAGR of 3.8% in the forecast period 2017 to 2024.
Product Type: Standalone negative pressure wound therapy devices segment is expected to dominate the Europe negative pressure wound therapy devices market with 52.2% market share and is expected to reach USD 504.0 million by 2024, growing with a CAGR of 1.1% in the forecast period 2017 to 2024.
Wound Type: Surgical wound is expected to dominate the Europe negative pressure wound therapy devices market with 36.3% market share and is expected to reach USD 403.1 million by 2024, growing with a CAGR of 3.2% in the forecast period 2017 to 2024.
End-User: hospital is expected to dominate the Europe negative pressure wound therapy devices market with 42.0% market share and is expected to reach USD 444.4 million by 2024, growing with a CAGR of 2.5% in the forecast period 2017 to 2024.
Distribution Channel: Direct tenders is expected to dominate the Europe negative pressure wound therapy devices market with 83.3% market share and is expected to reach USD 999.7 million by 2024, growing with the highest CAGR of 4.3% in the forecast period 2017 to 2024.
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Asia-Pacific Industry Segmentation
Asia-Pacific Negative Pressure Wound Therapy Devices Market is expected to reach USD 1,074.5 million by 2024 from USD 493.9 million in 2016, at a CAGR of 9.8% in the forecast period 2017 to 2024.
Product Type: Standalone negative pressure wound therapy devices segment is expected to dominate the Asia-Pacific negative pressure wound therapy devices market with 56.8% market share and is expected to reach USD 524.6 million by 2024, growing with a CAGR of 7.4% in the forecast period 2017 to 2024.
Wound Type: Surgical wound is expected to dominate the Asia-Pacific negative pressure wound therapy devices market with 31.4% market share and is expected to reach USD 302.2 million by 2024, growing with a CAGR of 8.0% in the forecast period 2017 to 2024.
End-User: Hospital is expected to dominate the Asia-Pacific negative pressure wound therapy devices market with 45.3% market share and is expected to reach USD 372.8 million by 2024, growing with a CAGR of 5.7% in the forecast period 2017 to 2024.
Distribution Channel: direct tenders is expected to dominate the Asia-Pacific negative pressure wound therapy devices market with 77.3% market share and is expected to reach USD 876.9 million by 2024, growing with the highest CAGR of 10.6% in the forecast period 2017 to 2024.
Table Of Content
- Introduction
1.1. Objectives Of The Study
1.2. Market Definition
1.3. Overview Of Global Negative Pressure Wound Therapy Devices Market
1.4. Currency And Pricing
1.5. Limitation
1.6. Markets Covered