Negative Pressure Wound Therapy Market Worth $2.72 Billion by 2023 - Exclusive Report by MarketsandMarkets™

CHICAGO, October 4, 2018 /PRNewswire/ --

According to the new market research report "Negative Pressure Wound Therapy Market by Device Type (Conventional & Single-use NPWT, Accessories), Wound Type (Surgical & Traumatic, Diabetic Foot, Pressure, Venous Leg Ulcers and Burns), End User (Hospitals, Homecare) - Global Forecast to 2023", published by MarketsandMarkets™, the NPWT Devices Market is expected to reach USD 2.72 billion by 2023 from USD 2.11 billion in 2018, at a CAGR of 5.2%.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Don't miss out on business opportunities in Negative Pressure Wound Therapy Market

Speak to Our Analyst and gain crucial industry insights that will help your business grow:

https://www.marketsandmarkets.com/speaktoanalyst.asp?id=215139824

Factors such as the growing incidence of diabetes and the availability of reimbursement for these devices in many developed countries are driving the growth of this market.

Conventional NPWT devices are expected to account for the largest share of the market in 2018 

By product type, the NPWT Devices Market is further segmented into conventional NWPT devices, single-use NPWT devices, and accessories. The conventional NWPT devices segment is expected to account for the largest share of the market in 2018. This segment is driven by the ability of conventional NPWT systems to manage severe wound exudates.

Browse in-depth TOC on "Negative Pressure Wound Therapy Market"

77 - Tables

26 - Figures  

111 - Pages

View more detailed TOC @  

https://www.marketsandmarkets.com/Market-Reports/negative-pressure-wound-therapy-market-215139824.html

Surgical and traumatic wounds account for the largest share of the market in 2018 

By wound type, this market is classified into surgical and traumatic wounds, ulcers, and burns. Surgical and traumatic wounds are expected to account for the largest share of the market in 2018 due to the growing prevalence of such wounds and an increase in spending on chronic and surgical wounds.

Hospitals are expected to dominate the NPWT devices end-user market in 2018 

By end user, the NPWT Devices Market is segmented into hospitals, home care settings, and other end users. The hospitals segment is expected to account for the largest share of the NPWT Devices Market . This large share can be attributed to the high number of surgeries performed in hospitals. The rising need for wound care services and increasing need of advance wound management for treating complex wounds, such as high-grade diabetic foot ulcers, pressure ulcers, venous leg ulcers, and surgical wounds among the rapidly growing geriatric population are some of the major factors responsible for the growing demand for NPWT devices in hospitals.

North America to command the largest share of the NPWT Devices Market in 2018 

Some of the major players in Acelity (US), Smith & Nephew (UK), Mölnlycke Health Care AB (Sweden), Cardinal Health (US), ConvaTec (UK), and DeRoyal (US), Lohmann & Rauscher (German), Talley Group (UK), Medela (Switzerland), and Genadyne (US) amongst others.

Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsample.asp?id=215139824

Browse Adjacent Markets @ Medical Devices Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/negative-pressure-wound-therapy-market.asp

Visit Our Website: https://www.marketsandmarkets.com

SOURCE MarketsandMarkets