The NPWT Devices And Dressings Market is expected to grow on an irrevocable note in the upcoming period. The medical landscape is witnessing an influx of at-home diagnostic kits. This trend of on-demand products is likely to take the healthcare vertical by storm in the upcoming period. It has been observed that home kits aid in educating patients and bringing them to the medical visits better prepared, thereby curtailing the time taken for diagnosis. The status quo would help in keeping the healthcare vertical’s cash registers ringing going forward as well.
The US$ 1991.5 Mn global negative pressure wound therapy (NPWT) devices and dressings market is projected for promising growth over the next 10 years. The global sales of NPWT devices and dressings are likely to expand at a healthy CAGR of 7.1% and reach a value of over US$ 3963 Mn by the end of 2027.
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According to Persistence Market Research, developing countries hold a greater growth potential, attributed to exploding population and higher instances of diabetic ulcers. While government and private investments in healthcare are boosting since the recent past, the number of healthcare facilities is growing as well. Besides diabetes, there are a few other diseases that are identified to generate decent demand for NPWT devices and dressings, including autoimmune diseases and a range of chronic illnesses.
Company Profiles:
- Avery Dennison Corporation
- Cardinal Health
- Smith & Nephew, Inc.
- Mölnlycke Health Care
- Medela
- Devon Medical Products
- Acelity (Kinetic Concepts, Inc.)
- ConvaTec Inc.
- PAUL HARTMANN
- Others.
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In addition, better response rate has been registered owing to improving awareness among consumers as well as practitioners across developing economies. Increasing need for low cost treatment options in emerging countries can be potentially fulfilled by cost-effective treatment alternatives by NPWT, resulting in growing adoption in developing markets. Fostering popularity of disposable and portable devices owing to their convenience and technological advantages, is likely to drive the consumption of NPWT devices and dressings during the forecast period.
With surging adoption of homecare settings, consumers in developing regions are increasingly realising that despite expensive initial installation price, NPWT offers relatively cheaper and more effective therapy. Persistence Market Research projects significant hike in sales of portable and disposable NPWT devices over the forecast period. Moreover, NPWT with a silver dressing also minimises a patient’s hospital stay and allows rapid recovery, which is another benefit presumed to support the market growth in coming years.
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The global market for NPWT devices and dressings has been segmented into:
Product Type
- NPWT Devices
- Standalone NPWT Devices
- Portable NPWT Devices
- Disposable NPWT Devices
- NPWT Dressing kits
- Foam dressing kit
- Gauze dressing kit
Application
- Chronic Wounds
- Venous leg ulcers
- Diabetic foot ulcers
- Pressure ulcers
- Acute Wounds
- Traumatic wounds
- Burn cases
- Surgical Procedures
By End-user
- Hospitals
- Clinics
- Ambulatory surgical centers
- Home care settings
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
The wound management section of healthcare domain has been prospering since the past few decades. Widespread adoption of NPWT has made the devices abundantly available for clinical as well as home healthcare use. The global market for NPWT devices and dressings is apprehended to have promising growth prospects over 2017-2027, according to research conducted by Persistence Market Research.
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