Industry Background:
Negative pressure wound therapy (NPWT) is the therapy which heals acute and chronic wounds by applying vacuum through a sealed wound dressing. By this therapy the fluid and debris from the wound is drawn out by vacuum and the supply of blood in affected area to increase the healing rate. The demand for negative pressure wound theraphy is expected to rise in the forecasted period due to the increase in the incidence of cases of chronic diseases such as diabetes mellitus and obesity, increase in casualties caused by accidents & trauma and growth in geriatric population.This growth is primarily driven by Increasing Incidence of Diabetes Especially Among Obese Population
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Diseases & Therapeutic Areas sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Acelity (United States), Cardinal Health (United States), ConvaTec (United Kingdom), DeRoyal (United States), Genadyne (United States), Lohmann & Rauscher (German), Medela (Switzerland), Smith & Nephew (United Kingdom), Mölnlycke Health Care AB (Sweden) and Talley Group (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November, 2023 – Medela, a global healthcare company known for being the most trusted breastfeeding brand in North America*, announced it will transition its wound care business into a separate global company.
In August 2023, Medela has announced plans to expand its negative pressure wound therapy (NPWT) portfolio with the introduction of the new Invia Integrated Dressing indicated for all types of wounds.
Regulatory Insights:
According to the International Diabetes Federation (IDF), the global adult diabetic population reached 425 million in 2017, and it is expected to reach around 629 million by 2045. A diabetic foot ulcer is a major complication of diabetes that could lead to leg amputation in severe cases if left untreated. NPWT devices play a significant role in the management of diabetic foot ulcers, which increases their demand across the globe.
Influencing Trend:
Rise in Usage of Simplified Single-Use Devices and Technological Advancements Such As Development Of Cost-Effective Disposable NPWT Devices
Market Growth Drivers:
Increasing Incidence of Diabetes Especially Among Obese Population, Government Initiative to Prevent SSIS and Rising Spending on Chronic and Surgical Wounds
Challenges:
Lack of Skilled Professionals.
Restraints:
Conventional Negative Pressure Wound Therapy Devices Are Capital-Intensive
Opportunities:
Growing Awareness Towards Management of Wounds
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Negative Pressure Wound Therapy Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Negative Pressure Wound Therapy Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Negative Pressure Wound Therapy players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Negative Pressure Wound Therapy Study Sheds Light on
The Negative Pressure Wound Therapy Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Negative Pressure Wound Therapy industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Negative Pressure Wound Therapy industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.