Negative Pressure wound therapy (NPWT) is used to treat acute and chronic wounds. A vacuum source creates continuous or intermittent negative pressure inside the wound to remove fluid, exudates, and infectious materials to prepare the wound for healing and closure.1 NPWT systems consist of a vacuum pump, drainage tubing, foam or gauze wound dressing, and an adhesive film dressing that covers and seals the wound.
North America is the largest market of negative pressure wound therapy, both in production and consumption. In 2015, North America supplied more than 60% and consumed more than 50% of the global negative pressure wound therapy.
Europe is the second largest market, following North America. Asia area is the emerging market with a higher growth rate. While the negative pressure wound therapy industry in Asia market is still underdevelopment with many hospitals and patients are still using common gauze to cure wound.
In recent years, disposable negative pressure wound therapy is more and more popular. Among them, PICO single use product provided by Smith and Nephew is outstanding.
According to this study, over the next five years the Negative Pressure Wound Therapy market will register a 6.1% CAGR in terms of revenue, the global market size will reach US$ 2000 million by 2024, from US$ 1400 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Negative Pressure Wound Therapy business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Negative Pressure Wound Therapy market by product type, application, key manufacturers and key regions and countries.
This study considers the Negative Pressure Wound Therapy value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Conventional NPWT Devices
Disposable NPWT Devices
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East and Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Smith and Nephew
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Negative Pressure Wound Therapy consumption (value and volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Negative Pressure Wound Therapy market by identifying its various subsegments.
Focuses on the key global Negative Pressure Wound Therapy manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Negative Pressure Wound Therapy with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Negative Pressure Wound Therapy submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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