Negative Pressure Wound Therapy Market Growth, Size, Overview and Forecast

Technavio Announces the Publication of its Research Report – Global Negative Pressure Wound Therapy (NPWT) Market 2016-2020

Technavio recognizes the following companies as the key players in the global negative pressure wound therapy (NPWT) market: Acelity, Mölnlycke Health Care, 4L Health, and Smith & Nephew.

Other Prominent Vendors in the market are: BSN medical, Carilex Medical, ConvaTec, Equinoxo2 Medical, Galaxy Medical Products, Genadyne, H&R Healthcare, Innovative Therapies, Pensar Medical, PolyNovo, Shandong Wego New Life Medical Device, Talley, and Triage Meditech.

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Commenting on the report, an analyst from Technavio’s team said: “Increased use of single-use portable negative pressure wound therapy systems and disposable canisters will be a key trend for market growth. Single-use NPWT systems consist of dressing materials and a powered pump without the canister. Single-use NPWT systems reduce staff time and the cost of the therapy when compared with standard NPWT system. In addition, they reduce the length of stay of individuals in hospitals and are easy to use. For instance, Smith & Nephew's PICO system delivers a patient-friendly and affordable NPWT system. Therefore, the rise in the use of single-use NPWT system is expected to contribute to the market growth.”

According to the report, advancements in negative pressure wound therapy device technology will be a key driver for market growth. Technological innovations in wound care products have significantly influenced the use and preference for advanced products over traditional ones by clinicians and individuals. These advanced wound care products are highly efficient and safe and have a better wound healing capability, which will eventually reduce hospital stays. Various companies develop different technologies and products to increase patient adoption....