Nov 20, 2018   SOURCE: PR NewsWire

Global Wound Therapy Devices (NPWT & HBOT) Market 2019-2023

DUBLIN, Nov 20, 2018 /PRNewswire/ --

The "Global Wound Therapy Devices Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

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The wound therapy devices market will register a CAGR of more than 7% by 2023.

With the recent advances in wound therapy devices, the number of indications that can be treated using these devices has expanded. For instance, the development of smaller, single-use disposable pumps have allowed the treatment of many small, surgical wounds in new settings such as short-term home care which was not previously possible with conventional NPWT devices.

NPWT can be used as an adjunct to aggressive fluid hydration, control of infection, pain control, nutritional support, surgical debridement, and escharotomy or surgical fasciotomy. It is also being studied for its application in targeted drug delivery and stem cell therapy. In the US, the HBOT Committee of the Undersea and Hyperbaric Medical Society and the US FDA approved HBOT for the treatment of 14 indications.

Market Overview

Increasing prevalence of acute and chronic wounds

The growing prevalence and incidences of chronic and acute wounds is forecasted to drive the growth of the global wound therapy market over the next few years. More than 15,000 people in every million are expected to suffer from a chronic wound once in their lifetime and the rising population of diabetics around world is forecasted to fuel the demand for wound therapy devices during the period of forecast.

High cost of wound therapy devices

The high costs of wound therapy devices coupled with additional costs of disposables such as dressings and cannisters used along with NPWT devices will affect the growth of the global wound therapy devices market.

Competitive Landscape

The market appears to be reasonably concentrated and with the presence of a few leading companies including Acelity and Cardinal Health, the competitive environment is quite intense. Factors such as expanding number of indications and the increasing prevalence of acute and chronic wounds, will provide considerable growth opportunities to wound therapy device manufacturers. Acelity, Cardinal Health, ConvaTec, PAUL HARTMANN, Sechrist, and Smith & Nephew are some of the major companies covered in this report.

Report Summary:

One trend affecting this market is the expanding indications. Owing to advances in wound therapy devices, the number of indications that can be treated using these devices has expanded.

According to the report, one driver influencing this market is the driven by the increasing prevalence of acute and chronic wounds. The global wound therapy devices market is forecasted to witness a rapid growth over the next five years owing to the increasing worldwide prevalence of acute wounds such as surgical wounds and traumatic wounds caused by abrasion, puncture, laceration, and incision.

Further, the report states that one challenge affecting this market is the high cost of wound therapy devices. The high costs of wound therapy devices coupled with additional costs of disposables such as dressings and cannisters used along with NPWT devices will affect the growth of the global wound therapy devices market.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

    --  Market ecosystem
    --  Market characteristics
    --  Market segmentation analysis

PART 04: MARKET SIZING

    --  Market definition
    --  Market sizing 2018
    --  Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

    --  Bargaining power of buyers
    --  Bargaining power of suppliers
    --  Threat of new entrants
    --  Threat of substitutes
    --  Threat of rivalry
    --  Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

    --  Market segmentation by product
    --  Comparison by product
    --  NPWT devices - Market size and forecast 2018-2023
    --  HBOT devices - Market size and forecast 2018-2023
    --  Others - Market size and forecast 2018-2023
    --  Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

    --  Geographic segmentation
    --  Geographic comparison
    --  Americas - Market size and forecast 2018-2023
    --  EMEA - Market size and forecast 2018-2023
    --  APAC - Market size and forecast 2018-2023
    --  Key leading countries
    --  Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

    --  Market drivers
    --  Market challenges

PART 11: MARKET TRENDS

    --  Expanding indications
    --  Rise in leasing and renting of wound therapy devices
    --  Increasing use of wound therapy devices in out-patient settings

PART 12: VENDOR LANDSCAPE

    --  Overview
    --  Landscape disruption

PART 13: VENDOR ANALYSIS

    --  Vendors covered
    --  Vendor classification
    --  Market positioning of vendors
    --  Acelity
    --  Cardinal Health
    --  ConvaTec
    --  PAUL HARTMANN
    --  Sechrist

    --  Smith & Nephew

For more information about this report visit https://www.researchandmarkets.com/research/ljk9gw/global_wound?w=5

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SOURCE Research and Markets