Future Market Insights has announced the addition of the “Negative Pressure Wound Therapy Market: Global Industry Analysis and Opportunity Assessment 2015-2025" report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 05/04/2016 -- Negative Pressure Wound Therapy also known as vacuum-assisted wound closure (VAC) therapy refers to the wound dressing systems that consistently or intermittently apply sub-atmospheric to the local wound environment using a sealed wound dressing connected to a vacuum pump. A vacuum source creates continuous or intermittent negative pressure inside the wound to remove fluid, exudates, and infectious materials to prepare the wound for healing and closure. It's one of the oldest forms of medicinal therapy. This therapy is helpful in treating various types of wounds such as acute wound and chronic wound. Negative pressure wound therapy appears to be a safe treatment, and serious adverse events.
According to WHO, chronic disease will account for almost three-quarters of all deaths worldwide in the year 2020, the role of negative pressure wound care therapy has been considered to be a novel therapy for treatment of chronic disease. The significant population of patient suffering from chronic disease has boosted the demand of negative pressure therapy
Negative Pressure Wound Therapy Market: Drivers and Restraints
Presently, global negative pressure wound therapy market is driven by the aging population, rise in the number of prevalence of chronic disease such as diabetes, cardiovascular disease, peripheral vascular disease that lead to chronic wounds such as diabetic foot ulcers, pressure ulcers and venous leg ulcers, increase in the incidence of cancer and neurological disease has led to long-term bed occupancy of the affected patients thus increasing the incidence rate of decubitus ulcers, and advancement in technologies that promote faster wound healing would also facilitate the growth of this market. However, expensive nature of this procedure and unfavorable government policies and reluctance in adoption of technology driven products has restricted the market growth.
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Negative Pressure Wound Therapy Market: Segmentation
Global negative pressure wound therapy market is segmented into following types:
Stand Alone NPWT Devices
Portable NPWT Devices
Disposable NPWT Devices
NPWT Accessories (Cannister)
Negative Pressure Wound Therapy Market: Overview
With rapid technological advancement in wound therapy, large number of aging population and rise in the number of prevalence of chronic diseasesuch as diabetes, cardiovascular disease, peripheral vascular disease, and rise in the incidence of cancer and neurological disease. The global negative pressure wound therapy global market is expected to have a healthy growth rate in the forecast period (2015-2025)
Negative Pressure Wound Therapy Market: Region-wise Outlook
Depending on geographic region, global negative pressure wound therapy market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.
North America held largest share in the global negative pressure wound therapy market followed by Europe and Asia Pacific owing to high occurrence rate of transit accidents. The developing nations in Asia pacific, Middle East and Africa hold huge potential for growth in the global negative pressure wound therapy market, owing to developing economies and technological advances.
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Negative Pressure Wound Therapy Market: Key Players
Some of the key participating global players in negative pressure wound therapy global market are Atmos MedizinTechnik, Devon Medical Products, Kinetic Concepts Inc., Medela, Mölnlycke Health Care, Shangdong Wego Newlife Medical Device Co., Smith & Nephew, Spiracur, Lohmann & Rauscher and WuHan VSD Medical Science & Technology Co.