In negative-pressure wound therapy (NPWT), a wound is covered with an airtight dressing, and negative pressure is applied to promote healing. Negative pressure wound therapy is increasingly being used as a treatment option for acute, chronic and surgical wounds. According to NHS, In England and Wales over 3.1 million Euros is spent annually on prescribed consumables for use in negative pressure wound therapy

NEGATIVE PRESSURE WOUND THERAPY MARKET DYNAMICS 

The growing aging population is one of the key factors associated with impressive growth trajectory negative pressure wound therapy market growth. The aging population records a high frequency of acute and chronic wounds, such as venous leg ulcers and pressure ulcers. Also, aging population accounts for a higher rate of surgical procedures than the general population. As indicated by Wound Healing Society, the US government estimates that the number of geriatric populace in the US is likely to reach 55 million by 2020. This will push up the demand for wound therapy devices and fuel the global negative pressure wound therapy devices market. Moreover, Reimbursement policies remain in favour of the NPWT market. In the U.S., NPWT products for homecare settings are covered under Medicare and private insurance. 

Conversely, factors, availability of alternative treatment options at lower cost and dearth of trained healthcare professionals hamper the market growth.

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NEGATIVE PRESSURE WOUND THERAPY MARKET SEGMENTAL HIGHLIGHTS

The report analyses the global Negative Pressure Wound Therapy market based on product, wound type, end user and geography. 

NEGATIVE PRESSURE WOUND THERAPY MARKET BY PRODUCT 

The various products NPWT devices include conventional NPWT devices, single use NPWT devices, and accessories. The conventional NPWT devices observed to have a high demand across the various end users, owing to the better management of severe wound exudates by the portable conventional NPWT systems. 

NEGATIVE PRESSURE WOUND THERAPY MARKET BY WOUND TYPE

The NPWT devices are used to treat burns and surgical open wounds, pressure ulcers, diabetic foot ulcers, venous leg ulcers and traumatic wounds. The demand of these devices is increasing with the increasing incidences of chronic wounds. An increasing number of burn cases have been registered throughout the world. For instance, National Trauma Research stated that in 2013, around 40,000 hospital admissions had been registered related to burn injuries. Hence, increasing the demand of NPWT devices

NEGATIVE PRESSURE WOUND THERAPY MARKET BY END USER 

The major end users of this market are home care settings, hospitals and others. The hospital segment is likely to dominate the market owing to increasing patient pool with acute or chronic wound in hospital.

NEGATIVE PRESSURE WOUND THERAPY MARKET BY GEOGRAPHY

Based on geography, the global negative pressure wound therapy market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America accounted for the largest market share owing to the growth of medical industries and high incidences of the chronic wounds in this region. However, Asia Pacific is expected to expand at a considerable pace owing to the rise in demand for negative pressure wound therapy from emerging economies such as China and India. 

NEGATIVE PRESSURE WOUND THERAPY MARKET KEY PLAYERS 

Key players in the global negative pressure wound therapy market include Triage Meditech Pvt. Ltd. (Delhi), Talley Group (UK), Alleva Medical Ltd. (China), Acelity L.P. Inc. (US), Smith Nephew (UK), Cork Medical (US), 4L Health Co. Ltd. (China), Carilex Medical GmbH (Germany), ChongQing Sunshine Medical Industry Trading Co (China), Wuhan VSD Medical Science Technology Co. Ltd. (China), Pensar Medical (US), and Haromed Bvba (Belgium), Mölnlycke Healthcare AB (Sweden), ConvaTec Group Plc (UK), Cardinal Health (US), Paul Hartmann AG (Germany), DeRoyal (US), Lohmann Rauscher International GmbH Co KG. (Germany), Medela LLC (Switzerland), Genadyne Biotechnologies, Inc. (US)

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