According
to a new market report published by Transparency Market Research
"Negative Pressure Wound Therapy Market (Conventional and Single
Use NPWT Systems) - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2013 - 2019," the global negative pressure
wound therapy devices market was valued at USD 2.1 billion in 2012
and is expected to grow at a CAGR of 10.2% from 2013 to 2019, to
reach an estimated value of USD 4.2 billion in 2019.
Rise
in the number of chronic diseases such as diabetes, cardiovascular
diseases, peripheral vascular diseases has triggered the growth of
negative pressure wound care therapy (NPWT) market.
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Negative Pressure Wound Therapy (NPWT) Market Report With Full TOC
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Moreover, increasing incidence of cancer and neurological diseases
has led to long-term bed occupancy of the affected patients thus
increasing the incidence rate of decubitus ulcers. The ever
increasing geriatric population globally has caused a significant
financial burden on the healthcare authorities. To manage this
situation patients are preferring usage of portable and easy to use
NPWT devices that may be used as a home healthcare devices. This has
helped in minimizing the overall cost of the hospital stay. In
addition, companies in this industry are trying to stay abreast with
technological innovations such as launch of single use NPWT devices
that may reduce the chances of contamination. These companies are
also increasingly focusing on R&D to introduce patient friendly
NPWT devices at minimal cost.
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According
to the American Diabetes Association nearly 26 million children and
adults are currently suffering from diabetes. The association has
also stated that 15% of people with diabetes experience a foot ulcer
at some point in their lifetime. The diabetic foot ulcer causes
various complications such as ulceration, infection and gangrene thus
leading to complex and costly sequel of diabetes. The role of
negative pressure wound care therapy has been considered to be a
novel therapy for treatment of diabetic foot ulcers. This significant
population of diabetic foot ulcers has boosted the demand for NPWT
devices market.
The
NPWT devices market has been primarily segmented into conventional
NPWT devices and single use NPWT devices. The conventional NPWT
devices market further comprises pumps, canisters, tubes and dressing
kits. The NPWT pumps market of the conventional NPWT devices
accounted for the largest market. Among these the dressing kits
market is expected to foresee the highest growth rate during the
forecast period. However, the single use NPWT devices are anticipated
to grow at the highest growth rate of over 12% from 2013 to 2019.
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Geographically
North America accounted for the largest market in the year 2012
followed by Europe. However, Asia Pacific is estimated to have the
fastest growth rate owing to rise in chronic diseases coupled with
rise in disposable income and growing awareness.
The
major players of this market include Kinetic Concepts Inc., Smith &
Nephew, Talley Group Ltd, Convatec, Molnlycke Health Care AB,
ArjoHuntleigh Healthcare Ltd, Medela, Inc., Prospera and Genadyne.
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