Negative Pressure Wound Therapy Drapes Market: An Overview
Negative pressure wound therapy is a healing technique that uses a vacuum dressing for the healing of a chronic or an acute wound. Negative pressure wound therapy drapes also enhance the healing of second and third-degree burns. Negative pressure wound therapy drapes are designed in such a manner that they can be cut in several directions and still be simply applied with the help of the support film and handling bars. Negative pressure wound therapy drapes are extremely comfortable and offer an exceptional adhesion performance. Negative pressure wound therapy drapes are transparent with no gloss and have a flat appearance. Negative pressure wound therapy drapes are latex free and sterile. Negative pressure wound therapy drapes are used only once and follow protocols for infection control as well as for waste disposable procedures. Thus, the global negative pressure wound therapy drapes market is expected to remain positive during the forecast period.
Negative Pressure Wound Therapy Drapes Market: Dynamics
Globally, increasing health awareness among individuals and the rising popularity of negative pressure wound therapy for the treatment of chronic and acute wounds is expected to fuel the growth of the global negative pressure wound therapy drapes market over the forecast period. The excellent features of negative pressure wound therapy drapes, such as skin-friendliness, water-resistance, breathability and strong bacterial barrier, are also among factors driving the global negative pressure wound therapy drapes market during the forecast period. Moreover, the availability of customised negative pressure wound therapy drapes in different sizes and shapes depending upon the therapy is likely to boost the global negative pressure wound therapy drapes market during the forecast period.
However, the coating of negative pressure wound therapy drapes is likely to cause an allergic reaction in patients who are sensitive to certain types of glue. This is likely to hamper the growth of the global negative pressure wound therapy drapes market during the forecast period. On the other hand, the extensive usage of negative pressure wound therapy drapes in hospitals, clinics, nursing homes, etc., is expected to create a positive outlook for the global growth of the negative pressure wound therapy drapes market.
Negative Pressure Wound Therapy Drapes Market: Segmentation
On the basis material of construction, the negative pressure wound therapy drapes market is segmented into:
On the basis applications, the negative pressure wound therapy drapes market is segmented into:
- Nursing Homes
Negative Pressure Wound Therapy Drapes Market: Regional Outlook
The global negative pressure wound therapy drapes market is expected to be dominated by North America, as the region holds the highest market share. Health awareness among the people and high per capita income are among the key factors driving the North America negative pressure wound therapy drapes market during the forecast period. The Western Europe negative pressure wound therapy drapes market is expected to follow the North America region in terms of value and volume. Countries in Western Europe, which include Germany, the U.K., France and Italy, are projected to expand at a significant CAGR during the forecast period.
The Asia Pacific excluding Japan (APEJ) negative pressure wound therapy market is also expected to register significant growth during the forecast period. The countries in the APEJ region, such as China and India, are expected to witness significant demand for negative pressure wound therapy drapes during the forecast period. Japan is a substantial shareholder of the global negative pressure wound therapy drapes market, and is projected to register a healthy growth rate during the forecast period. Growth in health awareness among the emerging nations in Latin America and the Middle East & Africa regions is expected to create a positive outlook for the growth of the negative pressure wound therapy drapes market in these regions during the forecast period.
Negative Pressure Wound Therapy Drapes Market: Key Players
Some of the key players operating in the global negative pressure wound therapy drapes market are listed below:
- Avery Dennison Corporation
- Smith & Nephew plc.
- Mölnlycke Health Care AB
- Acelity L.P. Inc.
- KCI Licensing, Inc.
- Cardinal Health
- Talley Group Ltd
- McKesson Medical-Surgical Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.