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



A steady growth in the incidence of wounds globally occurring as a result of acute conditions such as injuries from accidents and chronic conditions such as diabetes and ulcers, has propelled the growth of the wound care dressings market. Rise in geriatric population base has led to the escalation of prevalence of chronic diseases. Major chronic diseases such as diabetes, cardiovascular diseases, peripheral vascular diseases and prolonged bed occupancy due to debilitating diseases such as, injury to the limb, obesity, varicose veins or negligence of existing wounds have led to an increase in the incidence of chronic wounds. Such chronic wounds including diabetic ulcers and arterial ulcers need specialized care; else these may harbor serious infections such as eschar, and tissue necrosis. Negative pressure wound therapy is currently considered to be the most preferred choice of treatment by physicians as well as patients for such deep acute wounds and persistent chronic wounds.

This research report provides a detailed analysis of the global negative pressure wound therapy (NPWT) market and helps in understanding the various driving factors contributing to the growth of this market. The market overview section analyzes market dynamics and trends such as drivers, restraints and opportunities that influence the current nature and future status of the market. Other particulars such as market attractiveness analysis, Porter’s five forces analysis and market share analysis by key players in the industry have also been detailed in the market overview section of the report in order to deliver a thorough analysis of the overall competitive scenario of the global negative pressure wound therapy market. The executive summary provides detailed insights about the market in general. It also contains a market snapshot, which provides a glimpse into the present scenario of the global negative pressure wound therapy market.

The global negative pressure wound therapy market is segmented by product types and by geography. By product types the NPWT market is segmented into conventional NPWT systems, and single use NPWT systems. The conventional NPWT systems market is further categorized into disposables such as canisters, pumps and dressing kits based on the duration of their requirements and their standards. Market size estimates and forecast for the period 2012 to 2020 have been provided for each of the product types mentioned above in terms of USD million, considering 2013 as the base year for calculating market forecast and 2012 as the historical year. The CAGR (%) of each market segment for the forecast period 2014 to 2020 has also been provided along with the market size estimations.

Geographically, the global negative pressure wound therapy market has been segmented into four major regions: North America, Europe, Asia Pacific and Rest of World (RoW), with Russia being included in the RoW region. The market size estimations and forecasts for the period 2012 to 2020 have been provided for each of these regions and their respective countries in terms of USD million along with the CAGR (%) of each geographic segment for the forecast period 2014 to 2020. This report further offers market recommendations for the global negative pressure wound therapy market. These include factors that may play a critical role in boosting the market growth in the near future, steps that needs to be considered to ensure success for manufacturers or service providers globally, and barriers into entering the NPWT market globally. 

The report concludes with the company profiles section and includes key information about the major players who are actively participating in this market. The company profiles included in this report are framed in terms of company overview, financial overview, business strategies, recent developments and product portfolio. The market players profiled in this report include: ArjoHuntleigh International AB, ConvaTec, Inc., Devon Medical, Inc., Genadyne Biotechnologies, Inc., Kinetic Concepts, Inc., Medela AG, Mölnlycke Health Care AB, Prospera Technologies LLC, Smith & Nephew PLC and Talley Group Limited.

The global negative pressure wound therapy (NPWT) devices market is segmented as follows:
  • Negative Pressure Wound Therapy (NPWT) Market, by Products
    • Conventional Negative Pressure Wound Therapy (NPWT) Systems
    • Single Use Negative Pressure Wound Therapy (NPWT) Systems
  • Negative Pressure Wound Therapy (NPWT) Market, by Geography
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World (RoW)

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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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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