Negative Pressure Wound Therapy (NPWT) Market is Expected to Reach $4 Billion By 2025, Says Crystal Market Research

LAS VEGAS, Oct. 16, 2017 -- The Negative Pressure Wound Therapy (NPWT) Market is expected to be around $4 billion by 2025, due to increased awareness in the developing countries regarding advanced wound care and highly unmet medical needs in these regions. NPWT promotes wound healing by applying a vacuum through a special sealed dressing. The continued vacuum draws out fluid from the wound and increases blood flow to the area. The vacuum may be applied continuously or intermittently, depending on the type of wound being treated and the clinical objectives. Typically, the dressing is changed two to three times per week. The dressings used for the technique include open-cell foam dressings and gauze, sealed with an occlusive dressing intended to contain the vacuum at the wound site. Where NPWT devices allow delivery of fluids, such as saline or antibiotics to irrigate the wound, intermittent removal of used fluid supports the cleaning and drainage of the wound bed.

In 1995, Kinetic Concepts was the first company to have a NPWT product cleared by the US Food and Drug Administration. Following increased use of the technique by hospitals in the US, the procedure was approved for reimbursement by the Centers for Medicare and Medicaid Services in 2001.

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Major Key Players

Acelity L.P. Inc.

Talley Group Limited

Devon Medical

Cardinal Health

Kinetic Concepts, Inc.

Prospera Technologies LLC

Smith & Nephew plc

ConvaTec Inc.

Wondermed Ltd.

Lohmann & Rauscher GmbH & Co. KG.

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Market Opportunities

The advantages of NPWT in chronic diseases such as diabetes mellitus and rising cases of casualties caused due to accidents ensure a positive scope for future market growth. Technological innovations to develop cost effective disposable NPWT devices will further accelerate the market growth. Rising cases of traumatic events such as exposure to fire related traumas in developing countries will also contribute to the market growth.

NPWT Market Segmentation

By Product:

• Conventional NPWT
• Single use NPWT

By Application:

• Diabetic Foot Ulcers
• Venous Leg Ulcers
• Pressure Ulcers
• Burn Wounds
• Others

By End User:

• Hospitals&Clinics
• Homecare Settings
• Others

About Crystal Market Research

Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy. 

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