Competition is increasing day by day due to which the organizations have to face numerous difficulties to maintain their esteem in the market. So, to provide a solution to the organizations this negative pressure wound therapy devices market report has been designed. This market report is an unequivocal source to increase profitable market information and make better choices about significant business methodologies.
Global negative pressure wound therapy devices market is expected to rise to an estimated value of USD 5.65 billion by 2026 registering a substantial CAGR of 6.5% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising aging and geriatric population and technological advancement in negative pressure wound therapy devices, increased number of surgical procedures, government support for promoting negative pressure wound therapy, rising incidence of diabetes.
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Application of negative-pressure around the wound refers to Negative Pressure Wound Therapy. The wounded area is sealed by an adhesive film and then pump delivers a continuous and constant negative pressure around the wound bed. The devices consists products like conventional NPWT devices & single-use NPWT devices.
Key Market Competitors: Global Negative Pressure Wound Therapy Devices Market
Few of the major market competitors currently working in the global negative pressure wound therapy devices market are KCI Licensing, Inc., Smith & Nephew Plc., Mölnlycke Health Care AB, 3M, ConvaTec Inc, Cardinal Health, DeRoyal Industries, Inc., Lohmann & Rauscher, Talley Group Ltd, Medela AG, Genadyne, Wuhan VSD Medical Science & Technology Co., Ltd., Triage Meditech Pvt. Ltd., SunMed Medical, The Wound Vac Company LLC, Devon International Group, Inc., ATMOS MedizinTechnik GmbH & Co. KG, HARTMANN, Pensar Medical, Galaxy Medical Products Inc and others.
- Rising aging and geriatric population and technological advancement in negative pressure wound therapy devices
- Increased number of surgical procedures
- Government support for promoting negative pressure wound therapy
- Rising incidence of diabetes
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Segmentation: Global Negative Pressure Wound Therapy Devices Market
By Product Type
By Wound Type
By Distribution Channel
Wound Care Centers
North America (U.S., Canada, Mexico)
South America (Brazil, Argentina, Rest of South America)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)
Asia-Pacific ( Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific)
Middle East & Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East & Africa)
Key Developments in the Market:
- In May 2011, a new device name PICO- single-use NPWT which for the wound management in Negative-pressure wound therapy devices system launched by the SMITH AND NEPHEW.
- In 2016, Smith & Nephew announced its single use NPWT system, PICO which offers less complications and improved wound healing post the orthopedic surgery.
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