Market Research Reports

Negative Pressure Wound Therapy Market (Conventional and Single Use NPWT Systems) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

81pages
Published Date: 2014-12-30
 

Description



Negative pressure wound therapy (NPWT) is suitable for treatment of many types of wounds, such as acute, chronic, subacute, traumatic, and dehisced wounds, ulcers, skin flaps, partial-thickness burns, and grafts.

NPWT has evolved substantially since its inception in 1997 in the U.S., advanced devices and dressing features have been included that make the procedure safer and more efficient, and the process is now much more user-friendly. NPWT systems with added features are suitable for hospital care and other long-term care such as rehab centers and home environments.

Broadly, the report studies the NPWT market on two fronts, namely products and geography. The report offers qualitative analysis of drivers, growth prospects, and restraints that will have a bearing on the NPWT market. Using easily comprehensible chapter-wise layout interspersed with an array of tables, charts, and graphical representations, the report provides insight into the overall NPWT market. The research report analytics pertaining to market share of prominent vendors offers detailed competitive analysis of the NPWT market.

The report includes financial standing, product portfolio, business strategy, and company overview of major vendors operating in the NPWT market, thus serving as a valuable tool for manufacturers, suppliers, and other entities in the value chain.

Overview

The high prevalence of chronic diseases such as cancer, neurological disorders, diabetes, and other diseases worldwide has led affected patients to be bedridden for longer periods. This has increased the number of chronic wounds and ulcers, which is the primary factor driving the NPWT market.

Additionally, efforts to offset the financial burden on healthcare agencies from the rising geriatric population worldwide have encouraged the use of home-use NPWT devices. Moreover, R&D activities to introduce convenient and user-friendly NPWT devices at minimal cost and technological innovations such as single-use NPWT devices to reduce chances of contamination are triggering growth of the market.

As per statistics from the American Diabetes Association, diabetes has affected almost 30 million children and adults. 15% of people suffering from diabetes experience foot ulcers at some point, leading to infection, ulceration, and gangrene, which is a complicated and costly consequence of diabetes. Hence, significant number of patients suffering from diabetic foot ulcers has propelled demand for NPWT, which is a novel therapy to treat diabetic foot ulcers.

The global NPWT market was worth US$1.5 billion in 2013 and is expected to exhibit progress at a CAGR of 10.2% between 2014 and 2020, to be valued at US$2.9 billion.

Based on product type, the NPWT market is segmented into single-use and conventional NPWT systems. Although conventional NPWT systems account for the larger market share, single-use NPWT systems are poised to register a high CAGR of 17% in the forecast period. This is attributed to the shift in preference of patients for use of cost-effective and portable wound care devices.

Major Companies in the Global NPWT Market

Prominent vendors operating in the global NPWT market include Mölnlycke Health Care AB, ArjoHuntleigh International AB, Smith & Nephew PLC, Talley Group Limited, Prospera Technologies LLC, Medela AG, Devon Medical, Inc., ConvaTec, Inc., Kinetic Concepts, Inc., and Genadyne Biotechnologies, Inc.

Global NPWT Market Segmentation by Products

  • Conventional Negative Pressure Wound Therapy (NPWT) Systems
  • Single Use Negative Pressure Wound Therapy (NPWT) Systems
Global NPWT Market Segmentation by Geography

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World (RoW)
This report gives you access to decisive data such as:
 
  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years
Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments

Table of Contents



Chapter 1 Introduction
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Negative Pressure Wound Therapy (NPWT) Market
      2.1.1 Global Negative Pressure Wound Therapy (NPWT) Market, by Products, 2013 (USD Million)
2.2 Comparative Analysis: Global Conventional Negative Pressure Wound Therapy (NPWT) Market, By Geography, 2013 and 2020 (Value %)
2.3 Comparative Analysis: Global Single Use Negative Pressure Wound Therapy (NPWT) Market, By Geography, 2013 and 2020 (Value %)
2.4 Comparative Analysis: Global Negative Pressure Wound Therapy (NPWT) Market, By Rental and Sales, 2013 and 2020 (Value %)

Chapter 3 Market Overview
3.1 Introduction and Market Definition
3.2 Market Dynamics
      3.2.1 Market Drivers
              3.2.1.1 Rise in geriatric population expected to drive the market growth
              3.2.1.2 Rising prevalence rate of acute and chronic wounds expected to trigger the market growth
                        3.2.1.2.1 Worldwide Prevalence of Acute and Chronic Wounds, By Types
              3.2.1.3 Novel technologies and products to fuel the growth of NPWT market
              3.2.1.4 High incidence of chronic diseases likely to boost the growth of the market
              3.2.1.5 Rise in patient awareness and disposable income expected to stimulate the market growth
      3.2.2 Market Restraints
              3.2.2.1 Reluctance in adopting technologically advanced products might impede the growth of the market
              3.2.2.2 Unfavorable reimbursement policies likely to hamper the market growth
              3.2.2.3 High cost of advance wound care devices restrict the market growth
      3.2.3 Market Opportunities
              3.2.3.1 Investing in emerging markets
              3.2.3.2 Focus on the development of portable NPWT devices
3.3 Porter’s Five Forces Analysis: Global Negative Pressure Wound Therapy (NPWT) Market
      3.3.1 Bargaining power of suppliers
      3.3.2 Bargaining power of buyers
      3.3.3 Rivalry among existing competitors
      3.3.4 Threat of new entrants
      3.3.5 Threat of substitute products or services
3.4 Market Attractiveness Analysis
3.5 Global Market Share Analysisfor Negative Pressure Wound Therapy (NPWT), by Key Players, 2013 (Value %)
      3.5.1 Global Market Share by Key Players, 2013 (Value %)

Chapter 4 Global Negative Pressure Wound Therapy (NPWT) Market, by Products
4.1 Overview
      4.1.1 Global Negative Pressure Wound Therapy (NPWT) Market Revenue, by Products, 2012 – 2020 (USD Million)
4.2 Conventional Negative Pressure Wound Therapy (NPWT)
      4.2.1 Global Conventional Negative Pressure Wound Therapy (NPWT) Disposables Market Revenue, 2012 – 2020 (USD Million)
      4.2.2 Global Conventional Negative Pressure Wound Therapy (NPWT) Market Revenue, by Geography, 2012 – 2020 (USD Million)
      4.2.3 Disposables of Conventional NPWT Systems
              4.2.3.1 Canisters
                        4.2.3.1.1 Global Conventional NPWT Canisters Market Revenue, 2012 – 2020 (USD Million)
              4.2.3.2 Pumps
                        4.2.3.2.1 Global Conventional NPWT Pumps Market Revenue, 2012 – 2020 (USD Million)
              4.2.3.3 Dressing Kits
                        4.2.3.3.1 Global Conventional NPWT Dressings Kits Market Revenue, 2012 – 2020 (USD Million)
4.3 Single Use Negative Pressure Wound Therapy (NPWT)
      4.3.1 Global Single Use Negative Pressure Wound Therapy (NPWT) Market Revenue, 2012 – 2020 (USD Million)
      4.3.2 Global Single Use Negative Pressure Wound Therapy (NPWT) Market Revenue, by Geography, 2012 – 2020 (USD Million)

Chapter 5 Global Negative Pressure Wound Therapy (NPWT) Market, by Geography
5.1 Overview
5.2 North America
      5.2.1 HCPCS Codes for NPWT Systems and Supplies
      5.2.2 CPT Codes for NPWT Systems and Supplies
      5.2.3 North America Negative Pressure Wound Therapy (NPWT) Market Revenue, by Products, 2012 – 2020 (USD Million)
5.3 Europe
      5.3.1 Europe Negative Pressure Wound Therapy (NPWT) Market Revenue, by Products, 2012 – 2020 (USD Million)
5.4 Asia Pacific
      5.4.1 Asia Pacific Negative Pressure Wound Therapy (NPWT) Market Revenue, by Products, 2012 – 2020 (USD Million)
5.5 Rest of the World (RoW)
      5.5.1 RoW Negative Pressure Wound Therapy (NPWT) Market Revenue, by Products, 2012 – 2020 (USD Million)

Chapter 6 Recommendations
6.1 Market Strategy for Success
      6.1.1 Emphasis on developing portable NPWT systems
      6.1.2 Investing in emerging economies
      6.1.3 Improving distribution network to strengthen market presence
6.2 Barriers to be considered
      6.2.1 Implementation of the Affordable Care Act in the U.S.

Chapter 7 Company Profiles
7.1 ArjoHuntleigh International AB
      7.1.1 Company Overview
      7.1.2 Financial Overview
      7.1.3 Product Portfolio
      7.1.4 Business Strategies
      7.1.5 Recent Developments
7.2 ConvaTec, Inc.
      7.2.1 Company Overview
      7.2.2 Financial Overview
      7.2.3 Product portfolio
      7.2.4 Business Strategies
      7.2.5 Recent Developments
7.3 Devon Medical, Inc.
      7.3.1 Company Overview
      7.3.2 Financial Overview
      7.3.3 Product portfolio
      7.3.4 Business Strategies
7.4 Genadyne Biotechnologies, Inc.
      7.4.1 Company Overview
      7.4.2 Financial Overview
      7.4.3 Product portfolio
      7.4.4 Business Strategies
      7.4.5 Recent Developments
7.5 Kinetic Concepts, Inc.
      7.5.1 Company Overview
      7.5.2 Financial Overview
      7.5.3 Product portfolio
      7.5.4 Business Strategies
      7.5.5 Recent Developments
7.6 Medela AG
      7.6.1 Company overview
      7.6.2 Financial Overview
      7.6.3 Product Portfolio
      7.6.4 Business Strategies
      7.6.5 Recent developments
7.7 Molnlycke Health Care AB
      7.7.1 Company Overview
      7.7.2 Financial Overview
      7.7.3 Product portfolio
      7.7.4 Business Strategies
      7.7.5 Recent Developments
7.8 Prospera Technologies LLC
      7.8.1 Company Overview
      7.8.2 Financial Overview
      7.8.3 Product Portfolio
      7.8.4 Business Strategies
7.9 Smith & Nephew plc
      7.9.1 Company Overview
      7.9.2 Financial Overview
      7.9.3 Product Portfolio
      7.9.4 Business Strategies
      7.9.5 Recent Developments
7.10 Talley Group Limited
      7.10.1 Company Overview
      7.10.2 Financial Overview
      7.10.3 Product Portfolio
      7.10.4 Business Strategies
      7.10.5 Recent Developments

List of Figures

FIG. 1 Negative Pressure Wound Therapy (NPWT) Market Segmentation
FIG. 2 Global Negative Pressure Wound Therapy (NPWT) Market, by Products, 2013 (USD Million)
FIG. 3 Comparative Analysis: Global Conventional Negative Pressure Wound Therapy (NPWT) Market, by Geography, 2013 and 2020 (Value %)
FIG. 4 Comparative Analysis: Global Single Use Negative Pressure Wound Therapy (NPWT) Market, by Geography, 2013 and 2020 (Value %)
FIG. 5 Comparative Analysis: Global Negative Pressure Wound Therapy (NPWT) Market, by Rental and Sales, 2013 and 2020 (Value %)
FIG. 6 Global Negative Pressure Wound Therapy (NPWT) Market: Drivers and Restraints
FIG. 7 Porter’s Five Forces Analysis: Global Negative Pressure Wound Therapy (NPWT) Market
FIG. 8 Market Attractiveness Analysis: Global Conventional Negative Pressure Wound Therapy (NPWT) Market, by Geography
FIG. 9 Market Attractiveness Analysis: Global Single Use Negative Pressure Wound Therapy (NPWT) Market, by Geography
FIG. 10 Market Share Analysis: Negative Pressure Wound Therapy (NPWT) Market, 2013 (Value %)
FIG. 11 Global Conventional NPWT Canisters Market Revenue, 2012 – 2020 (USD Million)
FIG. 12 Global Conventional NPWT Pumps Market Revenue, 2012 – 2020 (USD Million)
FIG. 13 Global Conventional NPWT Dressings Kits Market Revenue, 2012 – 2020 (USD Million)
FIG. 14 Global Single Use Negative Pressure Wound Therapy (NPWT) Market Revenue, 2012 – 2020 (USD Million)
FIG. 15 ConvaTec , Inc.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 16 Kinetic Concepts, Inc.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 17 Mölnlycke Health Care AB: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 18 Smith & Nephew plc: Annual Revenue, 2011 – 2013 (USD Million)

List of Tables

TABLE 1 Market Snapshot: Global Negative Pressure Wound Therapy (NPWT) Market
TABLE 2 Worldwide Prevalence of Acute and Chronic Wounds, By Types
TABLE 3 Global Negative Pressure Wound Therapy (NPWT) Market Revenue, by Products, 2012 –2020 (USD Million)
TABLE 4 Global Conventional Negative Pressure Wound Therapy (NPWT) Disposables Market Revenue, 2012 –2020 (USD Million)
TABLE 5 Global Conventional Negative Pressure Wound Therapy (NPWT) Market Revenue, by Geography, 2012 –2020 (USD Million)
TABLE 6 Global Single Use Negative Pressure Wound Therapy (NPWT) Market Revenue, by Geography, 2012 –2020 (USD Million)
TABLE 7 HCPCS Codes for NPWT Systems and Supplies
TABLE 8 CPT Codes for NPWT Systems and Supplies
TABLE 9 North America Negative Pressure Wound Therapy (NPWT) Market Revenue, by Products, 2012 –2020 (USD Million)
TABLE 10 Europe Negative Pressure Wound Therapy (NPWT) Market Revenue, by Products, 2012 –2020 (USD Million)
TABLE 11 Asia Pacific Negative Pressure Wound Therapy (NPWT) Market Revenue, by Products, 2012 –2020 (USD Million)
TABLE 12 RoW Negative Pressure Wound Therapy (NPWT) Market Revenue, by Products, 2012 –2020 (USD Million)

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Free Market Analysis


Negative Pressure Wound Therapy (NPWT) is an advance wound care therapy that applies sub-atmospheric or negative pressure to a wound in a closed drainage system. NPWT devices uses an electrical as well as a mechanical suction pump to continuously or intermittently convey negative pressure through connecting tubes to specially designed wound dressings kits that include resilient foam and gauze dressings and thereby promote faster wound healing. NPWT promotes wound healing by reducing edema, by stimulating granulation tissue and cell proliferation as well as by increasing blood circulation. NPWT systems can be used for the treatment of surgical wounds, traumatic wounds, chronic wounds such as diabetic foot ulcers and venous stasis ulcers as well as pressure sores. NPWT systems are segmented on the basis of type of devices into conventional NPWT systems and single use NPWT systems. Further, conventional NPWT systems are bifurcated on the basis of disposables into canisters, pumps and dressing kits. In addition, NPWT systems can also be used for the treatment of injuries associated with burns and meshed skin grafts. 

The primary factors contributing to the growth of this market are globally increasing geriatric population; as well as increasing incidence and prevalence rate of chronic diseases such as cancer and diabetes leading to rise in chronic wounds. Moreover, high awareness about advance wound care devices and patient preference for the treatment with minimum side-effects are also driving the growth of this market.

In products segment, conventional NPWT systems account for the largest market segment while, single use NPWT systems market segment is growing with highest CAGR of approximately17 % during forecast period from 2014 to 2020. NPWT market is witnessing a paradigm shift from usage of conventional NPWT systems towards single use NPWT systems owing to preference of patients towards portable and cost effective wound care devices. This shift in preference is mainly related to convenience of patients since they try to avoid bulky and expensive conventional NPWT systems compared to portable single use NPWT systems.

In conventional NPWT disposables segment, pumps account for the largest market followed by dressing kits market and canisters market. According to a report published by the Department of Health and Human Services (DHHS), reimbursement payments for NPWT pumps increased approximately 583% from USD 24 million to USD 164 million between 2001 and 2007. Presently, there are two major types of dressing kits used in NPWT systems: gauze based dressing kits and foam based dressing kits. Gauze dressing kits should be changed every 48 hours after the initial application of therapy and foam dressing kits should be changed every 48 hours to 72 hours after the initial application of therapy.  Dressing kits market for disposables of conventional NPWT systems market is growing at a highest CAGR of approximately 10% during the forecast period from 2014 to 2020. The segment is mainly driven by high demand for advanced wound dressing products such as silver dressings and hydrophobic foam dressings along with high adoption rate for NPWT devices.

North America is the largest market for NPWT systems owing to the rising prevalence of chronic diseases, increase in patient awareness levels, favorable reimbursement policies and rapidly aging population. Europe accounts for the second largest market for NPWT systems due to high incidence rate of transit accidents and increased prevalence of chronic wounds. However, rise in healthcare expenditure and unstable economic conditions have led to a sluggish growth in the global NPWT market. Asia Pacific is expected to foresee the highest growth due to strong economic developments, supportive government policies coupled with high demand for technologically advanced wound care products.

ConvaTec, Inc., Devon Medical, Inc., Kinetic Concepts, Inc., Mölnlycke Health Care AB, Prospera Technologies LLC, Smith & Nephew plc and Spiracur, Inc. are major companies leading the NPWT systems market.

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