Increase in healthcare
expenditure across the globe by developing and emerging nations are changing
the scenario of healthcare sector in order to provide better and effective
cure. Emerging economies are adopting advanced therapies and healthcare devices
to minimize the burden of diseases which is further cutting down the figure of
health expenditure. Further, introduction of electrically operated negative
pressure wound therapy with the purpose to cater cost-effective and better
wound care to the patients and beneficial for the physicians to provide
effective cure. The market of NPWT is majorly driven by the factors such as
introduction of advanced NPWT those are more effective than the conventional
wound therapies.
Market size and forecast
The global negative pressure wound therapy market is
predicted to flourish significantly at a CAGR of 6.4% over the forecast period
i.e. 2016-2023. Moreover, the
market of negative pressure wound therapy accounted for USD 1.12 Billion in
2015 and the market is further anticipated to garner USD 2.56 Billion by
2023. The demand for single use NPWT is predicted to witness a significant
growth in near future, owing to cost-effectiveness and handiness of the
devices. North America accounted the highest market share in terms of revenue
in overall market of negative pressure wound therapy across the globe. The
market of North America region is expected to continue its dominance over the
forecast period i.e. 2016-2023 owing to introduction of favorable
re-imbursement policies in the region. On the other hand, Asia-Pacific is
expected to be the second largest share contributor across the globe in NPWT market of due to growing demand of advanced NPWT in emerging
nations such as India, China, etc. positive increase in GDP figure.
Rapid growth in healthcare
sectors owing to increasing investments in research and development aims to
provide affordable and portable user friendly devices. These factors estimated
to swell the demand for NPWT in near future. Further, rising awareness towards
healthcare and introduction of favorable re-imbursement policies by the
government organizations across the globe are likely to shift the consumer to
adopt advanced technology of healthcare such as NPWT. The negative
wound pressure therapy market is estimated to expand in terms of demand
in near future owing to growing awareness towards cost-effective wound
therapies and positive growth in GDP figure in developing nations.
Demand Analysis By Market Segmentation
Our in-depth analysis
segmented the global negative pressure wound therapy (NPWT) market in the
following segments:
By Product
Stand-alone NPWT Devices
Portable NPWT Devices
Single-use Disposable NPWT
Devices
NPWT Accessories (Canisters)
By End-User
Hospitals and Clinics
Ambulatory Surgery Centers
Homecare Settings
By Region
Global negative pressure wound
therapy (NPWT) Market is further classified on the basis of region as follows:
North America (United States
/U.S. & Canada)
Latin America (Brazil, Mexico,
Rest of Latin America)
Western and Eastern Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Western Europe)
Asia-Pacific (China, India,
Japan, Singapore, Australia, New Zealand, Rest of Asia)
Middle East and North Africa
(MENA)
Rest of World
Growth Drivers and challenges
Increase in aging population
is predicted to triggers the prevalence of chronic diseases such as diabetes,
mellitus, etc. which leads to chronic wounds, rising cases of skin ulcers due
to lack of awareness towards hygiene, growing awareness towards advanced
healthcare therapies are some of the factors driving the market of NPWT across
the globe. In addition to this, factors such as introduction of
cost-effective and portable wound therapy devices, availability of user
friendly and disposable NWPT devices, rising preferences by physicians towards
NPWT are some of the key elements prompting the demand for negative pressure
wound therapy over the forecast period i.e. 2016-2023.
Moreover, increase in gross
disposable income of the population in developing regions and increasing
healthcare spending owing to growing concern towards cure and treatment of
wounds, low maintenance cost of mechanical wound therapy equipment are some of
the major key elements swelling the demand for NPWT.
However, high cost of
treatment by NPWT, lack of awareness in under-developed nations, presence of
complexities with NPWT devices, availability of low cost substitute therapies
and lack of skilled healthcare physicians are some of the factors likely to
restraint the market of NPWT market across the globe.
Key Players
The key players of negative
pressure wound therapy (NPWT) market are as follows:
BSN Medical
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Financials
Carilex Medical
ConvaTec
Galaxy Medical Products
Innovative Therapies
Triage Meditech
Pensar Medical
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The Global Negative Pressure
Wound Therapy (NPWT) Market is segmented as follows:
By Product type Market Size
and Y-O-Y Growth Analysis
By Application type Market
Size and Y-O-Y Growth Analysis
By Aircraft type Market Size
and Y-O-Y Growth Analysis
By Cabin Class type Market
Size and Y-O-Y Growth Analysis
By Fit type Market Size and
Y-O-Y Growth Analysis
By End-user Market Size and
Y-O-Y Growth Analysis
By Regions
North America (U.S., Canada)
Market Size and Y-O-Y Growth Analysis
Latin America (Mexico, Brazil,
Rest of Latin America) Market Size and Y-O-Y Growth Analysis
Western and Eastern Europe
(Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe,
Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
Asia-Pacific (China, India,
Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and
Y-O-Y Growth Analysis
Middle East and North Africa
(MENA) Market Size and Y-O-Y Growth Analysis
Rest of World Market
Size and Y-O-Y Growth Analysis
Market Dynamics
Supply and Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT
Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and
Challenges
Key Information for Players to
establish themselves in current dynamic environment
To know more about this research, kindly
visit: http://www.researchnester.com/reports/negative-pressure-wound-therapy-npwt-market-global-demand-analysis-opportunity-outlook-2023/179
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Ajay Daniel
Email:
ajay.daniel@researchnester.com
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