Negative Pressure Wound Therapy to Grow at 5.2% CAGR to 2023- ReportsnReports

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PUNE, India, November 5, 2018 /PRNewswire/ --

The report analyses negative pressure wound therapy market by product type, wound type, end user, and region. Apart from a comprehensive geographic product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years.

The negative pressure wound therapy market is expected to reach USD 2.72 billion by 2023 from USD 2.11 billion in 2018, at a CAGR of 5.2%. By product type, the NPWT devices market is categorized into conventional NPWT devices, single-use NPWT devices, and accessories. This growth can be attributed to the growing prevalence of surgical& traumatic wounds and increasing spending on such wounds.

Read More 77 Market Data Tables and 26 Figures spread through 111 Pages and in-depth TOC on "Negative Pressure Wound Therapy Market - Global Forecast to 2023" Now at https://www.reportsnreports.com/reports/1717319-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-home-st-to-2023.html .

Negative pressure wound therapy devices market is categorized into surgical and traumatic wounds, ulcers, and burns. In 2018, the surgical and traumatic wounds segment is expected to account for the largest share of the market. This growth can be attributed to the growing prevalence of surgical& traumatic wounds and increasing spending on such wounds.

The primary interviews conducted for this report can be categorized as follows: By Company Type: Tier 1 - 70% and Tier 2 - 30%. By Designation: C-level - 62%, Director-level - 21%, and Others - 17%. By Region: North America -20%, Asia- 30%, Europe - 50%

The single-use negative pressure wound therapy devices segment is expected to register the highest CAGR during the forecast period. Single-use NPWT devices are low-cost, small, and discreet NPWT systems, which incorporate simplified functionalities by removing the need for canisters and simplifying the dressing interface, these benefits are driving the growth of this segment.

Order Copy of 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 Now at https://www.reportsnreports.com/purchase.aspx?name=1717319 .

The key players in the NPWT devices market are 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).

The negative pressure wound therapy market is segmented by product type, wound type, end user, and region. By product type, the NPWT devices market is categorized into conventional NPWT devices, single-use NPWT devices, and accessories. Growing prevalence of diabetes, increasing spending on chronic and surgical wounds, government initiatives to prevent SSIs, and high rate of cesarean sections in elderly mothers leading to increasing post-operative use of NPWT devices are some of the factors expected to drive market growth during the forecast period.

Negative pressure wound therapy market is segmented into surgical & traumatic wounds, ulcers, and burns. Ulcer segment is sub segmented into pressure ulcers, venous ulcers, diabetic foot ulcers, and other ulcers. Surgical & traumatic wounds segment is expected to hold largest share of wound type segment in 2018 due to growing prevalence of surgical & traumatic wounds and increasing spending on chronic and surgical wounds.

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The negative pressure wound therapy market segmented into North America, Europe, Asia, and the Rest of the World (RoW). In 2018, North America expected to command largest share of the NPWT devices market. Large share of this market segment can be attributed to increasing incidence of chronic wounds & diabetes & rising geriatric population. In addition to this, favorable reimbursement scenario in region is expected to increase adoption of NPWT devices.

The report provides insights on the following pointers: 

• Market Penetration: Comprehensive information on the product portfolios of the top players in the NPWT devices market
• Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the NPWT devices market
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the NPWT devices market
• Market Development: Comprehensive information about emerging markets. This report analyses the market for various NPWT devices across geographies
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the NPWT devices market.

On a related note, 

Another research study on the global cold pain therapy market is projected to reach USD 2.12 billion by 2023 from USD 1.69 billion in 2018, at a CAGR of 4.6%. The increasing incidence of sports injuries and rising emphasis on exercise and gym activities, growing number of hip and knee surgeries across the globe and growing need for safer pain management modalities as opposed to oral drug therapy are expected to drive the demand for cold pain therapy products during the study period. Some of the major players operating in the cold pain therapy market are Sanofi (France), DJO Finance (US), Pfizer (US), 3M (US), Hisamitsu Pharmaceutical (Japan), Johnson & Johnson (US), Medline Industries (US), Össur (Iceland), Performance Health (US), Beiersdorf (Germany), Rohto Pharmaceutical (US), Breg (US), Romsons Group of Industries (India), Custom Ice (US), & Unexo Life Sciences (India) have been profiled in this 273 pages research reports available with discount now at https://www.reportsnreports.com/contacts/discount.aspx?name=718464 .

Browse More Reports on Medical Devices Now at https://www.reportsnreports.com/market-research/medical-devices/ .

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