The Global Negative Pressure Wound Therapy Market (2018-2023): Projected to Reach $2.72 Billion by 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 11, 2018--The “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” report has been added to ResearchAndMarkets.com’s offering.
The NPWT devices market is expected to reach USD 2.72 billion by 2023 from USD 2.11 billion in 2018, at a CAGR of 5.2%.
The growing prevalence of diabetes, increasing spending on chronic and surgical wounds, government initiatives to prevent SSIs, and the high rate of cesarean sections in older mothers leading to the increasing post-operative use of NPWT devices are some of the factors expected to drive market growth during the forecast period.
By product type, the NPWT devices market is categorized into conventional NPWT devices, single-use NPWT devices, and accessories. The single-use NPWT 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.
Based on the wound type, the NPWT 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.
Geographically, the NPWT devices market is dominated by North America, followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period. Growth in this region can be attributed to the developing healthcare infrastructure, rising burden of chronic diseases such as diabetes, and the launch of supportive government initiatives to prevent surgical site infections.
Key Topics Covered1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Negative Pressure Wound Therapy Devices Market, By Product Type
7 Negative Pressure Wound Therapy Devices Market, By Wound Type
8 Negative Pressure Wound Therapy Devices Market, By End User
9 Negative Pressure Wound Therapy Devices Market, By Region
10 Competitive Landscape
11 Company ProfilesAcelityCardinal HealthConvatec GroupDeroyalGenadyneLohmann & Rauscher International Gmbh & Co. KGMedelaMlnlycke Health Care AB (a Subsidiary of Investor AB)Smith & NephewTalley Group
For more information about this report visit https://www.researchandmarkets.com/research/vhxx6c/the_global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181011005353/en/
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Wound Care
INDUSTRY KEYWORD: SURGERY HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/11/2018 06:28 AM/DISC: 10/11/2018 06:28 AM