Negative Pressure Wound Therapy Market Stood at US$2.9 Bn by 2020

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Negative Pressure Wound Therapy Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Transparency Market Research (TMR) has recently published a study on the
global negative pressure wound therapy (NPWT) market, according to which,
the market is anticipated to rise at a healthy CAGR of 10.20% between 2014
and 2020.The research report, titled “Negative Pressure Wound Therapy
Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2014 - 2020,” estimates this market to increase from a total value of US$1.5
bn in 2013 to US$2.9 bn by the end of the forecast period.
Negative pressure wound therapy is an advanced therapy that applies
negative or sub-atmospheric pressure to a wound in a closed wound drainage
system. The devices used in this therapy make use of a mechanical as well as
an electrical suction pump to transfer negative pressure through connecting
tubes to wound dressing kits to promote faster wound healing. These devices
can be utilized for the treatment of pressure sores, traumatic wounds, surgical
wounds, and chronic wounds such as venous stasis ulcers and diabetic foot
ulcers.
Browse Full Research Report:
https://www.transparencymarketresearch.com/negative-pressure-woundtherapy.html
According to the study, the NPWT market is likely to witness a robust rise in
its valuation during the forecast period owing to the increasing incidence of
acute and chronic wounds.The report has studied the global NPWT market on
two fronts: Product and the region. Based on product, the market has been
categorized into single-use NPWT devices and conventional NPWT devices.
The conventional NPWT devices segment has been leading the overall
market since the last decade. However, the single-use NPWT devices
segment is projected to register a higher CAGR of approximately 17.0% over
the forecast period.
The shift in preference of patients from conventional NPWT devices to
single-use devices, on account of the convenience and the cost benefits
offered by the latter, is likely to propel this market segment significantly in
the coming years, notes the study.
Geographically, the report segments the worldwide NPWT market into
Europe, North America, Asia Pacific, and the Rest of the World. North
America emerged as the biggest regional market for NPWT in 2013. The
increasing incidence of chronic diseases, rising awareness among patients
regarding healthcare, and favorable reimbursement scenario have boosted this
regional market.
In the same year, Europe acquired the second position in the global NPWT
market on account of the augmented rate of transit accidents and increased
incidence of chronic wounds.
Though both the regional markets are projected to record healthy growth
during the forecast period, they are likely to lose ground to Asia Pacific
market for NPWT. The NPWT market in Asia Pacific is expected to gain
from the strengthening economy, supportive government policies, and the
soaring demand for technically advanced wound care products in the coming
years, states the report.
Devon Medical Inc., Talley Group Ltd., Smith & Nephew plc, Prospera
Technologies LLC, Molnlycke Health Care AB, Kinetic Concepts Inc.,
Genadyne Biotechnologies Inc., ConvaTec Inc., and ArjoHuntleigh
International AB are the major international players in the negative pressure
wound therapy market, reports the study.
Browse Full Press Release:
Press Release
About Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use proprietary
data sources and various tools and techniques to gather and analyze
information.
TMR’s data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency Market
Research employs rigorous primary and secondary research techniques to
develop distinctive data sets and research material for business reports.
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