Title: Acelity L.P. Inc., Smith and Nephew and Molyncke Healthcare Are Dominating the Market for Global Negative Pressure Wound Therapy Devices Market in 2016
1Global Negative Pressure Wound Therapy Devices
Market
Global Negative Pressure Wound Therapy Devices
Market accounted value of USD 4,975.7 million by
2024 forecast period is 2017 to 2024.
- Global Negative Pressure Wound Therapy Devices
Market is expected to reach USD 4,975.7 million
by 2024 from USD 3,011.3 million in 2016, at a
CAGR of 6.0. - The base year of calculation is 2016 and the
forecast period is 2017 to 2024.
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2Report Description
- The global negative pressure wound therapy
devices market is highly concentrated to a few
big players and rest to local players who cater
to domestic markets only. - The global negative pressure wound therapy
devices market is dominated Acelity L.P. Inc.,
followed by Smith and Nephew and Molyncke
HealthCare.
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3Key Drivers
- The major factors driving the growth of this
market is rising aging and geriatric population
and technological advancement in negative
pressure wound therapy devices products,
increased number of surgical procedures,
government support for promoting negative
pressure wound therapy, rising incidence of
diabetes. - High cost of product may hinder the growth of the
market.
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4Market Segmentation
- On the basis of wound type, the Global negative
pressure wound therapy devices market is
segmented into surgical wound is expected to
dominate the Global negative pressure wound
therapy devices market with 41.3 market share
and is expected to reach USD 1,951.2 million by
2024, growing with a CAGR of 5.3 in the forecast
period 2017 to 2024. - On the basis of end-user, Global negative
pressure wound therapy devices market is
segmented into hospitals, wound care centres and
community healthcare. In 2017, hospital is
expected to dominate the Global negative pressure
wound therapy devices market with 42.4 market
share and is expected to reach USD 1,664.8
million by 2024, growing with a CAGR of 2.5 in
the forecast period 2017 to 2024.
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5Key Points Global Negative Pressure Wound
Therapy Devices Market
- Global negative pressure wound therapy devices
market is dominated Acelity L.P. Inc., followed
by Smith and Nephew and Molyncke Healthcare along
with others such as 3M, ConvaTec Inc, among
others. - The global stand-alone negative pressure wound
therapy devices Devices market is expected to
reach USD 1,465.5 million by 2024, from USD 859.9
million in 2016, growing at the highest CAGR of
7.2. - The global surgical wound market is expected to
reach USD 1,951.2 million by 2024, from USD
1,249.7 million in 2016, growing at a CAGR of
8.7.
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