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Negative Pressure Wound Therapy (NPWT) Market Will Rise 10.2% Percent Yearly to Hit USD 2.9 Billion by 2020

Negative Pressure Wound Therapy Market (Conventional and Single Use NPWT Systems) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020


Albany, NY -- (SBWIRE) -- 12/30/2014 -- A steady growth in the incidence of wounds globally occurring as a result of acute conditions such as injuries from accidents and chronic conditions such as diabetes and ulcers, has propelled the growth of the wound care dressings market. Rise in geriatric population base has led to the escalation of prevalence of chronic diseases. Major chronic diseases such as diabetes, cardiovascular diseases, peripheral vascular diseases and prolonged bed occupancy due to debilitating diseases such as, injury to the limb, obesity, varicose veins or negligence of existing wounds have led to an increase in the incidence of chronic wounds. Such chronic wounds including diabetic ulcers and arterial ulcers need specialized care; else these may harbor serious infections such as eschar, and tissue necrosis. Negative pressure wound therapy is currently considered to be the most preferred choice of treatment by physicians as well as patients for such deep acute wounds and persistent chronic wounds.

This research report provides a detailed analysis of the global negative pressure wound therapy (NPWT) market and helps in understanding the various driving factors contributing to the growth of this market. The market overview section analyzes market dynamics and trends such as drivers, restraints and opportunities that influence the current nature and future status of the market. Other particulars such as market attractiveness analysis, Porter's five forces analysis and market share analysis by key players in the industry have also been detailed in the market overview section of the report in order to deliver a thorough analysis of the overall competitive scenario of the global negative pressure wound therapy market. The executive summary provides detailed insights about the market in general. It also contains a market snapshot, which provides a glimpse into the present scenario of the global negative pressure wound therapy market.

The global negative pressure wound therapy market is segmented by product types and by geography. By product types the NPWT market is segmented into conventional NPWT systems, and single use NPWT systems. The conventional NPWT systems market is further categorized into disposables such as canisters, pumps and dressing kits based on the duration of their requirements and their standards. Market size estimates and forecast for the period 2012 to 2020 have been provided for each of the product types mentioned above in terms of USD million, considering 2013 as the base year for calculating market forecast and 2012 as the historical year. The CAGR (%) of each market segment for the forecast period 2014 to 2020 has also been provided along with the market size estimations.

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Geographically, the global negative pressure wound therapy market has been segmented into four major regions: North America, Europe, Asia Pacific and Rest of World (RoW), with Russia being included in the RoW region. The market size estimations and forecasts for the period 2012 to 2020 have been provided for each of these regions and their respective countries in terms of USD million along with the CAGR (%) of each geographic segment for the forecast period 2014 to 2020. This report further offers market recommendations for the global negative pressure wound therapy market. These include factors that may play a critical role in boosting the market growth in the near future, steps that needs to be considered to ensure success for manufacturers or service providers globally, and barriers into entering the NPWT market globally.

The report concludes with the company profiles section and includes key information about the major players who are actively participating in this market. The company profiles included in this report are framed in terms of company overview, financial overview, business strategies, recent developments and product portfolio. The market players profiled in this report include: ArjoHuntleigh International AB, ConvaTec, Inc., Devon Medical, Inc., Genadyne Biotechnologies, Inc., Kinetic Concepts, Inc., Medela AG, Mölnlycke Health Care AB, Prospera Technologies LLC, Smith & Nephew PLC and Talley Group Limited.

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