Data Bridge Market Research Has Added a New Market Report on "North America Revenue Cycle Management (RCM) Market – Analysis and Forecast 2012 – 2020"
North America Negative Pressure Wound Therapy Devices Market By Product Type (Stand Alone, Portable, Disposable), By End User (Hospitals, Wound Care Centers, Ambulatory Settings, Long Term Care Centers, Others), By Indication (Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, Traumatic Wounds, Partial Thickness Burns, Others) By Country (Germany, France, United Kingdom, Spain, Italy, Russia, Switzerland, Netherlands, Rest Of The Europe)
Dallas, TX, February 04, 2016 --(PR.com
)-- The wound care market is a growing field that has witnessed a number of technological advancements since its inception. Various products are now available in the market, which have made wound treatment easier. Players are focusing on incorporating advanced and innovative features in their products to differentiate them from the other products in the market. The companies are focusing on acquisitions for strengthening their product portfolios and enhancing their position in the market.
The North American NPWT devices market is dominated by the US with 93.1% share. The U.S. NPWT market is expected to reach $2,303.1 million by 2020 from $1,417.2 million in 2014, at a CAGR of 8.2% from 2015 to 2020. The U.S. NPWT market is seeing an upsurge due to technological advancement leading to miniaturizing the product which help in patient mobility, also due to the acceptance of sales and rental models are supported by all channel partners. There is a large potential of NPWT devices in acute care which is not penetrated as of today’s scenario, so “ONE TIME USE” disposable NPWT devices have immense opportunities to capture the home healthcare markets which is growing exponentially.
The North America NPWT devices market is segmented on the basis of products, indication, and end-user. The product segments of NPWT devices are stand-alone device, portable device and disposable device, while based on indications the market is segmented into diabetes foot ulcers, pressure ulcers, venous leg ulcers, traumatic wounds partial thickness burns and others. The market is segmented based on end-user segment into ambulatory settings and wound care centers, long term care centers and home healthcare centers.
The conventional portable NPWT device holds the 66.9% in the U.S. NPWT market and is expected to acquire 68.3% in 2020. While the NPWT devices is used most in the diabetic foot ulcers segment, the indication segment acquiring a share of 35.1% in 2015, with pressure ulcers and venous leg ulcers being the other major segments. In the end-users ambulatory settings and wound care centers and long term care centers, together holds 62.1% market share in 2015 while home healthcare centers is expected to grow fastest among its peers at a CAGR of 9.5% during the forecast years 2015 to 2020.
Some of the major players in this market is Kinetic Concepts, Inc., Smith and Nephew, Molyncke Healthcare, Spiracur, Inc., among other players.
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