Negative Pressure Wound Therapy Market Will Reach $4.0 Billion By 2025: Grand View Research, Inc.
The global negative pressure wound therapy (NPWT) market is
anticipated to reach a value of USD 4.0 billion by 2025, according to a new
report by Grand View Research, Inc. Increasing awareness in the developing
regions pertaining to advanced wound care is providing a significant
opportunity to the key market players to cater to the unmet needs of the target
population. The primary driver associated with this market is the
cost-effectiveness of single-use negative pressure wound therapy devices.
Major companies are also focusing
on education of reimbursement coveragein such regions to further increase the
affordability of these devices. However, the current reimbursement policies
mostly cover conventional NPWT devices owing to their high cost.Furthermore,
the geriatric population is also contributing to a great extent toward
increasing the prevalence of chronic diseases. Increasing age is one of the
high risk factorsleading to the development of chronic diseases such as
atherosclerosis, which is one of the prime cardiovascular disorders prevalent
in the geriatric population.
NPWT is one of the commonly
accepted therapies employed for the treatment of arterial ulcers, which is one
of the major complications of atherosclerosis. Around 50% of the people
worldwide are exposed to fire-related traumas, among which, 90% of the cases
occur in low to moderate income countries.Thus, the rising incidence of
traumatic events is expected toengender a high demand for negative pressure
wound therapy products.
Browse full research report on Negative
Pressure Wound Therapy Market: http://www.grandviewresearch.com/industry-analysis/negative-pressure-wound-therapy-npwt-market
Further Key Findings from the
Study Suggest:
- Conventional
NPWT devices dominated the product segment in 2015 owing to their high
cost and availability of favorable reimbursement policies
- Single-use
negative pressure wound therapy devices segment is considered to be the
fastest growing segment over the forecast period
- Diabetic
foot ulcer held the largest revenue share in 2015 owing to its numerous
applications,thus yielding a high success rate using NPWT
- Homecare
setting is anticipated to witness an attractive CAGR over the forecast
period owing to the emerging applicability of single-use NPWT devices in
the homecare setting and cost-effectiveness of the therapy
- North
America dominated the overall NPWT market in 2015. This is primarily due
to the increased usage of the target therapy in this region, which has led
to a reduction in hospital stays and contributed toward enhanced quality
of patient lives
- Some
key companies in this market are Acelity L.P. Inc., Smith & Nephew,
Mölnlycke Health Care, Talley Group Limited, ConvaTec Inc., Devon Medical,
Cardinal Health, Inc., DeRoyal Industries, Inc., Medela AG and Paul
Hartmann AG
Browse more reports of this
category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented
the negative pressure wound therapy market on the basis of product, wound type,
end use, and region:
Global Product Outlook (Revenue,
USD Million; 2014 - 2025)
- Conventional
NPWT
- Single-use
NPWT
Global Type Outlook (Revenue,
USD Million; 2014 - 2025)
- Diabetic
Foot Ulcers
- Venous
Leg Ulcers
- Pressure
Ulcers
- Burn
Wounds
- Others
Global End Use Outlook (Revenue,
USD Million; 2014 - 2025)
- Hospitals
- Homecare
- Others
Regional Outlook (Revenue, USD
Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
Access press release of this
research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-negative-pressure-wound-therapy-npwt-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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