Global Negative Pressure Wound Therapy Devices (NPWT) Market Research Report
- Report Code: NE 1000
- Publish Date: Upcoming
The global negative pressure wound therapy devices market, mainly driven by the competitive pricing by the market players and the ability to treat chronic and acute wounds, was valued at $2.2 billion in 2013 and expected to be $2.8 billion by 2018, at a CAGR of 5%. The negative pressure wound therapy devices market is the largest segment of the overall therapy devices market.
The report analyzes the market of negative pressure wound therapy devices market in terms of 2 segments, such as the devices segment and the disposables segment. With a market value of $460 million, the devices segment has been contributing around 75%, in terms of value, towards the total negative pressure wound therapy devices market. The market is witnessing significant growth, due to an increase in the incidence of diabetic ulcers across the world, increased awareness of patients, and the increased demand for easy-to-use and portable devices for long-term wound care.
Asia is the fastest-growing market because of the increasing population and the high prevalence of chronic wounds due to diabetic ulcers, arterial ulcers, and so on. The growing confidence of physicians in the negative wound pressure technology and the patient awareness are also among the major driving forces for this market. Asia has become the most attractive market as it consists of both developed and developing markets. Among developed nations, Japan has become a key market in the region after the 2010 reimbursement approval for negative pressure wound therapy. Although penetration is currently low, the market in Asia presents potential opportunity for growth due to its higher population base, increasing patient awareness, rising diabetic population and higher disposable incomes.
In North America (US, Canada and Mexico) and Europe (Germany, France, Italy, Spain, UK), the rising rates of chronic wounds and ageing population has motivated companies to focus on the therapy devices and other wound care products. In Europe, the negative pressure wound therapy devices market is forecast to rise from $496 million to $630 million in the next five years, with an annual growth rate of 4.9%. The negative pressure wound therapy market is better accepted in developed countries due to favorable reimbursement rates. The changing business environment and increased patient needs has brought about the development of innovative therapy devices that are easier to use, more comfortable, and provide quick wound-healing with less pain.
According to the American Diabetes Association and the Centers for Disease Control and Prevention, about 18.8 million people in the U.S. alone, in 2011, suffered from diabetes and they accounted for 8.3% of the U.S. population. There is high prevalence of chronic disease in Asia as a result of the growing aging population and changes in lifestyles, whereas in North America and Europe, it’s because of high diabetes and obese population.
The report also provides an extensive competitive landscaping of the leading companies operating in this market. The main companies extensively covered in this report are Kinetic Concepts, Inc., Smith & Nephew Plc, ConvaTec, Inc., and Arjohuntleigh, among others. Furthermore, the segment and country-specific company shares, news & deals, M&A, segment-specific pipeline products, product approvals, and product recalls of the major companies have been detailed in this report.
Customization Options:
Along with the market data, customize the MMM assessments to meet your company’s specific needs. Customize to get a comprehensive summary of the industry standards and a deep dive analysis of the following parameters:
Product Analysis:
- Usage pattern (in-depth trend analysis) of products (segment-wise)
- Product matrix, which gives a detailed comparison of product portfolio of each company, mapped at country and sub-segment levels
- Applications of the products (segment-wise and country-wise)
- A comprehensive coverage of product approvals, pipeline products, and product recalls
Epidemiology Data:
- Country-specific prevalence of ulcers, burns, and surgical wounds
- Country-specific patient pool of skin ulcers, diabetic ulcers, and neuropathic ulcers
- Disease progression (pattern analysis)
Surgeons/Physicians Perception Analysis:
- Fast turn-around analysis of surgeons’ responses to market events and trends
- Pattern analysis of usage of therapy devices wound care products by physicians
- Surgeons’ opinions about products from different companies
- Surgeons’ qualitative inputs on epidemiology data
Brand/Product Perception Matrix:
- A comprehensive study of customers’ perception and behavior through our inbuilt social connect tool checking the virality and tonality of blogs
- An analysis of overall brand usage and familiarity and brand advocacy distribution (Detractor/Neutral/Familiar)
Alternative Products: Impact analysis
MMM’s Healthcare Decision Making Quadrant: It is an innovative and useful quadrant for vendors who wish to analyze the potential growth markets based on parameters such as patient dynamics (patient pool, epidemiology of disease, preference towards surgeries/alternative therapies) and macroeconomic indicators (aging population, reimbursement scenario, treatment rate and healthcare expenditure)
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North American Negative Pressure Wound Therapy Devices (NPWT) The North American Negative Pressure Wound Therapy Devices Market isexpected to be $2.57 billion by 2020, growing at a CAGR of 7.9%. The report “North American Negative Pressure Wound Therapy Devices Market Forecast, 2012-2018“ analyzes the market of negative pressure wound therapy devices market by 3 product segments such as the conventional stand-alone devices, conventional portable devices segment and the disposable devices segment.. The main companies operating in Therapy devices wound care market and extensively covered in this report are Kinetic Concepts, Inc. Smith & Nephew plc, ConvaTec, Inc., Spiracur, Inc. and others. |
Upcoming |
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Asian Negative Pressure Wound Therapy Devices (NPWT) The Asian Negative Pressure Wound Therapy Devices Market was pegged at $231 million in 2013 and expected to be $310 million by 2018, growing at a CAGR of 6.1%. The report “Asian Negative Pressure Wound Therapy Devices Market Forecast, 2012-2018“ analyzes the market of negative pressure wound therapy devices market by 2 segments such as devices market and disposables market. The main companies operating in Therapy devices wound care market and extensively covered in this report are Kinetic Concepts, Inc. Smith & Nephew plc, ConvaTec, Inc., Arjohuntleigh and others. |
Upcoming |
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European Negative Pressure Wound Therapy Devices (NPWT) The European Negative Pressure Wound Therapy Devices Market was pegged at $496 million in 2013 and expected to be $630 million by 2018, growing at a CAGR of 4.9%. The report “European Negative Pressure Wound Therapy Devices Market Forecast, 2012-2018” analyzes the market by 2 segments such as devices market and disposables market. The main companies operating in Therapy devices wound care market and extensively covered in this report are Kinetic Concepts, Inc. Smith & Nephew plc, ConvaTec, Inc., Arjohuntleigh and others. |
Upcoming |
