Negative Pressure Wound Therapy (NPWT) Devices Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis

The Global Negative Pressure Wound Therapy Devices Market was valued at US$ 1,626.3 million in 2015 and is projected to expand at a CAGR of 5.5% during the forecast period (2016-2024), as highlighted in a new report published by Coherent Market Insights. Better clinical outcomes and faster patient recovery facilitated by NPWT devices significantly drive their adoption.
NPWT devices are used on wounds that are too large or deep to be secured using staples and stitches. Wound therapy is an absolute necessity post-surgery and thus, has a potential application base that includes millions of people undergoing surgery across the globe each day (312.9 million in 2012, WHO). NPWT which works like a vacuum seal, offers faster and safer patient recovery with minimal risk of infection as compared to conventional wound therapy devices such as staples, sutures, and biological dressings. Availability of reimbursement is further fueling demand for NPWT devices, especially in developed economies such as the U.S., Germany, and the Netherlands, to name a few.
Unlike conventional wound treatment systems that need to be replaced every day, NPWT devices need to be replaced just three times a week, significantly reducing patient stress and aiding speedy recovery. Moreover, advancements in technology have led to introduction of canister-less NPWT devices. ConvaTec Group plc, launched its first NPWT device, Avelle, in August 2016. The company launched its product in the U.K., which utilizes AQUACEL technology (prevents periwound maceration) and is a simple, canister-less, disposable system with a 30-day life.
PICO, from Smith & Nephew plc, received the 2016 French Galien Award. PCIO is a single-use NPWT device that significantly reduces total cost and care needed for patients with pressure ulcers, dehisced surgical wounds, diabetic foot ulcers, leg ulcers, and trauma wounds. The Prix Galien award acknowledges advances in pharmaceuticals and medical devices that improves the quality of human life.
In 2016, studies published in the ‘WOUNDS' journal concluded that use of zinc-coated foam and silver-impregnated dressings along with NPWT in complex wound therapy demonstrated better clinical outcomes and faster recovery in patients as compared to conventional wound treatment methods. This further encourages the use of NPWT as an adjunctive therapy in wound treatment. To add to this, use of non-powered or mechanical MPWT devices allows a silent delivery of therapy with a much lighter weight than electrical NPWT devices.
Key takeaways of the negative pressure wound therapy devices market:
• The global negative pressure wound therapy devices market is expected to expand at a CAGR of 5.5% during the forecast period. Better clinical outcomes, reduced total therapy cost and availability of reimbursement are some of the major driving factors for negative pressure wound therapy devices market growth.
• The portable negative pressure wound therapy devices market is expected to gain traction at 5.8% during the forecast period (2016 - 2024). High demand for these devices is mainly attributed to the fact that these provide the flexibility to continue therapy at home.
• Diabetic foot ulcers is projected to be a major revenue contributing application segment, owing to high prevalence of diabetes and lack of proper management of the disease leading to increasing incidence of related foot ulcers
• North America lead the global negative pressure wound therapy devices market with a share of over 50% in 2016. Rapid adoption of new technologies, availability of reimbursement and high patient awareness are factors attributable to its leading market share
• Intense competition is witnessed among the leading players such as Smith & Nephew plc, Devon Medical, Paul Hartmann AG, Talley Group Limited, Coloplast A/S, ConvaTec Inc., Molnlycke Health Care AB, Medela AG, Kinetic Concepts, Inc., and Cardinal Health, Inc.
• Companies are launching devices with advanced technology, offering high convenience and cost benefit to the patients (example PICO by Smith & Nephew plc and Avelle by ConvaTec Group plc).

Global Respiratory Disposable Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Mar 2019

These report statistic respiratory disposable devices used in therapeutic for patients with respiratory disorders, and the disposable devices mainly include face masks, tubes and filers. Scope of the Report: In the last several years, Global market of Respiratory Disposable Device...

United States Diabetes Insulin Delivery Pen Market: Companies Profiles, Size, Share, Growth, Trends and Forecast to 2026

Published Date : Mar 2019

The United States insulin delivery pen market is anticipated to reach US$ 5 billion by 2026, witnessing an impressive double-digit growth rate in the forecast period 2019 - 2026. "United States Diabetes Insulin Delivery Pen Market: Companies Profiles, Size, Share, Growth, Trends and For...

Global Enzyme Replacement Therapy Market 2019 by Company, Regions, Type and Application, Forecast to 2024

Published Date : Mar 2019

Enzyme replacement therapy (ERT) is a medical treatment which replaces an enzyme that is deficient or absent in the body. Usually, this is done by giving the patient an intravenous (IV) infusion of a solution containing the enzyme. Scope of the Report: The classification of enzyme...

Global Behavioral Therapy Market 2019 by Company, Regions, Type and Application, Forecast to 2024

Published Date : Mar 2019

Behavior therapy is a broad term referring to clinical psychotherapy that uses techniques derived from behaviorism. Those who practice behavior therapy tends to look at specific, learned behaviors and how the environment influences those behaviors. Those who practice behavior therapy are called beha...

Global Pressure Ulcer Treatment Products Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Mar 2019

Pressure ulcer is an open wound on the skin. Pressure ulcer occurs due to the breakdown of skin and underlying tissues through excessive pressure on an area of the skin. Some of the symptoms of pressure ulcer are redness of the skin that worsens with time, and blisters on the area and then an open s...

Global Intranasal Drug Delivery Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Mar 2019

Intranasal drug delivery system is a medical device used for the administration of drugs for the treatment of local diseases in the nose and paranasal sinus such as allergic and non-allergic rhinitis and sinusitis. Intranasal Drug Delivery Devices are medical devices used for drug delivery through n...

Global Atrial Fibrillation Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Mar 2019

This report studies the Atrial Fibrillation Devices market. Atrial fibrillation (also called AFib or AF) is a quivering or irregular heartbeat (arrhythmia) that can lead to blood clots, stroke, heart failure and other heart-related complications. Atrial Fibrillation Devices are the devices used for ...

Global Drug Delivery Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Mar 2019

Drug delivery devices are used to delivery drug to the specific part of body or cure some disease. With the help of drug delivery devices, drug can efficiently reach the target and be in a controlled manner. Generally, there are several of drug delivery devices corresponding to the medicine taken wa...

Global Chemotherapy Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Mar 2019

Chemotherapy pumps are one of the ways patients can have their chemotherapy. It allows patients to have chemo in a controlled way. Chemotherapy pumps are also called infusion pumps. Chemotherapy pumps may be capable of delivering fluids in large or small amounts, and may be used to deliver chemothe...

Global Wireless POS Terminal Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Mar 2019

POS Terminals is a computerized replacement for a cash register. The POS system can include the ability to record and track customer orders, process credit and debit cards, connect to other systems in a network, and manage inventory. Generally, a POS terminal has as its core a personal computer, whi...

 

Select License :

  • Single User : $4500
  • Multiple User : $7000
  • Corporate User : $10000

Happy To Assist You

Assist you at Worldwide Market Reports

We will be happy to help you find what you need. Please call us or write to us:

Worldwide Market Reports Benefits

Custom Research Solution

Talk to our research consultant to design an exclusive report as per your research needs.

Customer Fulfilment

We aim to fulfil client's research demands with tailored research solutions.

Quick Turnaround Time Reports

We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

360-degree Approach

We cover each industry from supply and demand side with an aim to provide a most holistic research study.