A
research study titled, “Negative Pressure Wound Therapy (NPWT) Market by Product,
Application, and End User - Global Industry Analysis and Forecast to 2025”
published by Crystal Market Research, states that the NPWT market is projected
to be around $4 billion by 2025.
Negative
pressure wound therapy refers to the intermittent application of partial vacuum
to a wound by means of a motorized pump. A controlled negative pressure
environment increases the oxygenation of tissues and evacuates bacteria, edema
fluid and exudate. The therapy has shown promising capabilities in assisting
healing of chronic and acute wounds such as diabetic and pressure ulcers,
partial burns and skin grafts. Diabetes is one of the most common chronic
diseases worldwide and its prevalence is increasing. As per International
Diabetes Federation, as of 2015, 415 million adults suffered from diabetes and
this number is expected to reach 642 million by 2040. Moreover, as per the
American Podiatric Medical Association (APMA), about 15% of the total patients
having diabetes experience foot ulcers.DFUs often co-exist with vascular
insufficiency, which leads to gangrene and amputation in diabetic individuals.
Major amputation is associated with significant morbidity and mortality (13-14%
during 1st year to 39-80% at 5 years) besides social, psychological and
financial consequences.
Conventional
NPWT devices segment accounted for the largest share in the global market in
2016, owing to their ability to heal a wide variety of wounds; while the
single-Use NPWT devices is projected to be the fastest-growing segment over the
forecast period, due to its light weight and availability of advanced dressing
options.
Chronic
wounds segment accounted for the largest share of global NPWT market in 2016,
with diabetic foot ulcers market leading the segment, due to rising prevalence
of chronic wounds such as diabetic foot ulcers. In addition to this, surgical
wounds market is projected to be the fastest-growing segment over the forecast
period.
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Hospitals & clinics segment dominated
the overall market in 2016, due to advent of hospitals providing advanced
health care services for the treatment of chronic and acute wounds. Moreover,
they offer better healing of transplanted skin with low chances of infections
in case of open wounds. Therefore, hospitals and clinicshave been investing
towards training and development of healthcare professionals (such as
physicians, doctors, and paramedical staff), which is set to drive the demand
for NPWT devices.
North
America held a major share of the overall market in 2016. This is primarily
attributed to a number of factors such as the rising incidence of diabetes
mellitus, rapidly aging population, increased adoption of technologically
advanced NPWT products, and highly developed healthcare infrastructure. Asia
Pacific is expected to witness lucrative market growth over the forecast
period, due to the availability of untapped and unsaturated markets coupled
with rising demand for advanced healthcare services. Rapid economic development
along with increasing patient awareness levels is a major avenue for the
companies in the NPWT market.
Some
of the major companies include ConvaTec Inc., Mölnlycke Health Care, Acelity
L.P. Inc., Smith & Nephew plc, Coloplast A/S, Paul Hartmann AG, Cardinal
Health Inc., Medela AG, Devon Medical, Inc., and Talley Group Limited.These
players have adopted strategies such as new product development, collaboration,
and strategic acquisitions. For instance, in 2015, Acelity acquired a line of
disposable NPWT products, SNaP Therapy System, from Spiracur. This is expected
to accelerate the company’s plans in the disposable NPWT space while
strengthening its product portfolio.
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Key
Findings of the Research Study:
·
Conventional
NPWT devices market accounts for the major share in the global market and is
projected to lead market during the forecast period.
·
Patients
prefer portable NPWT devices for home care settings to minimize the overall
cost of the hospital stay.
·
Diabetic
foot ulcers market is projected to witness robust growth during the forecast
period, owing to rising prevalence of diabetes mellitus and related chronic
wounds.
·
U.S.
dominates the global NPWT market with about two-fifths share in 2016, primarily
due to high adoption of technologically advanced NPWT devices.
·
China
and India offer huge opportunities for NPWT market due to an outburst of
diabetes and underserved patients.
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