Market Research Reports- Consulting Analysis Crystal Market Research Negative Pressure Wound Therapy (NPWT) Market | Page 2
Conventional NPWT devices segment accounted for the largest share in the global market in 2016, owing
to their ability to heal a wide variety of wounds; while the single-Use NPWT devices is projected to be
the fastest-growing segment over the forecast period, due to its light weight and availability of advanced
dressing options.
Chronic wounds segment accounted for the largest share of global NPWT market in 2016, with diabetic
foot ulcers market leading the segment, due to rising prevalence of chronic wounds such as diabetic foot
ulcers. In addition to this, surgical wounds market is projected to be the fastest-growing segment over the
forecast period.
Hospitals & clinics segment dominated the overall market in 2016, due to advent of hospitals providing
advanced health care services for the treatment of chronic and acute wounds. Moreover, they offer better
healing of transplanted skin with low chances of infections in case of open wounds. Therefore, hospitals
and clinics have been investing towards training and development of healthcare professionals (such as
physicians, doctors, and paramedical staff), which is set to drive the demand for NPWT devices.
North America held a major share of the overall market in 2016. This is primarily attributed to a number
of factors such as the rising incidence of diabetes mellitus, rapidly aging population, increased adoption
of technologically advanced NPWT products, and highly developed healthcare infrastructure. Asia Pacific
is expected to witness lucrative market growth over the forecast period, due to the availability of untapped
and unsaturated markets coupled with rising demand for advanced healthcare services. Rapid economic
development along with increasing patient awareness levels is a major avenue for the companies in the
NPWT market.
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Some of the major companies include ConvaTec Inc., Mölnlycke Health Care, Acelity L.P. Inc., Smith &
Nephew plc, Coloplast A/S, Paul Hartmann AG, Cardinal Health Inc., Medela AG, Devon Medical, Inc.,
and Talley Group Limited. These players have adopted strategies such as new product development,
collaboration, and strategic acquisitions. For instance, in 2015, Acelity acquired a line of disposable
NPWT products, SNaP Therapy System, from Spiracur. This is expected to accelerate the company’s
plans in the disposable NPWT space while strengthening its product portfolio.
Key Findings of the Research Study:
Conventional NPWT devices market accounts for the major share in the global market and is
projected to lead market during the forecast period.
Patients prefer portable NPWT devices for home care settings to minimize the overall cost of the
hospital stay.
Diabetic foot ulcers market is projected to witness robust growth during the forecast period,
owing to rising prevalence of diabetes mellitus and related chronic wounds.