Negative Pressure Wound Therapy (NPWT) Market By 2029 Top Winning Strategies, COVID-19 Impacting Factors, Business Strategies | Future Market Insights
In this report, Future Market Insights (FMI) offers a 10-year forecast of the global Negative Pressure Wound Therapy (NPWT) Market between 2019 and 2029. In terms of value, the market is expected to register a CAGR of 6.6% over the forecast period. This study demonstrates market dynamics and trends in all seven regions that are expected to influence the current environment and future status of the NPWT market over the forecast period.
This FMI report examines the NPWT market for the period 2019–2029. The primary objective of the report is to offer insights into developments in the NPWT market that are significantly helping transform growth trajectory of global businesses and enterprises associated with the same.
The NPWT market report begins by defining various types and listing usages of NPWT. It is followed by an overview of the market dynamics of the global NPWT market, which includes FMI’s analysis of the key trends, drivers, restraints, opportunities, regulations and government initiatives, which are influencing growth of the global NPWT market. Impact analysis of the key growth drivers and restraints based on the weighted average model has also been included in this report after analysis of individual regions, to better equip readers with meaningful insights on the ongoing developments in the market.
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The primary factors fuelling demand for NPWT are growing incidence of acute and chronic wounds, burn cases and major surgeries. Other major factor driving demand for NPWT is rising prevalence of chronic diseases directly related to the onset of chronic wounds such as diabetes mellitus and cardiovascular diseases. Besides, growing confidence of clinicians and physicians regarding NPWT, rising patient awareness regarding cost-effective NPWT devices such as portable and stand-alone devices and availability of low-cost NPWT options in developing countries are among the other factors expected to further fuel overall growth of the market over the forecast period. However, a primary factor hampering growth of the NPWT market is lack of skilled clinicians and complications associated with NPWT devices.
Based on product type, the market has been segmented into stand-alone NPWT devices, portable NPWT devices, single use disposable NPWT devices and NPWT accessories (Canisters). A detailed analysis of each segment has been provided in terms of market size, Y-o-Y growth rate, absolute $ opportunity and BPS analysis.
The report has been segmented based on end-users. Meanwhile, foray of new hospitals is expected to lead to increasing demand for NPWT devices. This trend is expected to be particularly prominent in countries where access of people to healthcare services is on the rise. These include countries in APAC and Latin American countries.
The next section of the report highlights NPWT adoption by region, and provides market outlook for 2019–2029. The study discusses key regional trends contributing to growth of the NPWT market worldwide, as well as analyses the extent to which drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).
The above sections – by product type, end user and region – evaluate the present scenario and growth prospects in the global NPWT market for 2019–2029. We have considered 2017 as the base year, 2018 as the estimated year and provided data for the forecast period, i.e., 2019–2029.
To ascertain NPWT market size, we have also considered revenue generated by device manufacturers. The forecast presented here assesses the total revenue generated in the global NPWT market. In order to offer an accurate forecast, we started by sizing up the current market, which forms the basis of how the global NPWT market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis based on supply side, downstream industry demand and the economic envelope.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the NPWT market and to identify the right opportunities across the market.
The NPWT segments, by products, end user and region, are analysed in terms of Basis Point Share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the NPWT market.
Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective of the NPWT market.
To understand key growth segments in terms of growth and adoption of NPWT globally, Future Market Insights developed the NPWT ‘Market Attractiveness Index’. The resulting index should help providers identify the real market opportunities.
Key categories of providers covered in the report are NPWT manufacturers. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment of the NPWT value chain and the potential players with respect to the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the NPWT marketplace.
Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings, SWOT analysis and recent developments in the NPWT market. Key market competitors covered in the report include Kinetic Concepts, Inc., Smith & Nephew, ConvaTec Inc., PAUL HARTMANN AG, Medela, Mölnlycke Health Care and Coloplast Corp.
Key Segments Covered
- Product Type
- Standalone NPWT Devices
- Single use Disposable NPWT Devices
- Portable NPWT Devices
- NPWT Accessories (Canister)
- By End-User
- Home Care Settings
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Key Regions/Countries Covered
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Greater China
- Australia and New Zealand
- Rest of APEJ
- Middle East & Africa
- Southern Africa
- Rest of MEA
- Kinetic Concepts, Inc.
- Smith & Nephew
- ConvaTec Inc.
- PAUL HARTMANN AG
- Mölnlycke Health Care
- Coloplast Corp.
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