Acelity L.P. Inc., Smith and Nephew and Molyncke Healthcare Are Dominating the Market for Global Negative Pressure Wound Therapy Devices Market in 2016 (1)

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Global 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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Report 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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Key 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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Market 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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Key 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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