DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/10729a/negative_pressure) has announced the addition of GlobalData's new report "Negative Pressure Wound Therapy (NPWT) - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016" to their offering.
Negative Pressure Wound Therapy (NPWT) - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016 provides key data, information and analysis on the global Negative Pressure Wound Therapy (NPWT) market. The report provides market landscape, competitive landscape and market trends information on the Negative Pressure Wound Therapy (NPWT) market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings.
This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by The authorss team of industry experts.
The Global Negative Pressure Wound Therapy (NPWT) Market is Expected to Grow at a CAGR of 10% Over the Period 2009-2016
The global Negative Pressure Wound Therapy (NPWT) market, which was valued at about $1.6 billion in 2009, is expected to grow at a Compound Annual Growth Rate (CAGR) of 10% to exceed $3 billion by 2016. The double digit growth expected in this market can be attributed to an expanding target population, growing confidence of physicians in NPWT technology and the entry of the therapy into new markets in the Asia-Pacific. Though this vacuum assisted wound closure technique was first introduced in the market by Kinetic Concepts, Inc. (KCI) in 1996, it has not yet reached its full potential, primarily due to lack of awareness and continuous technological enhancements in alternative wound management therapies. With the release of an increasing amount of clinical evidence supporting the superior clinical efficacy and overall cost-effectiveness of NPWT, this market is expected to offer significant revenue generating potential in the next seven to 10 years.
The expansion of NPWT products into Japan, India and China is further expected to contribute to the growth of this market.
Kinetic Concepts, Inc. Continues to Dominate the Global NPWT Market In Spite of Increasing Competitive Pressure
KCI continues to dominate the global NPWT market with a market share of 83%. Though the company has been facing increasing competitive pressure in the last three to four years, a strong Vacuum Assisted Closure (V.A.C.) Therapy product line, continuous technological enhancements and years of efforts in driving physician confidence allow it to hold its dominating market share. Smith & Nephew, the second largest shareholder in this market is increasing its focus on the opportunities in this segment to drive its wound care business. With new products in its RENASYS portfolio and added advantage of its global presence in the advanced wound care management business, Smith & Nephew is aligning its efforts to capitalize from high growth opportunities in this market.
Scope
- Key geographies covered include the US, Canada, the UK, Germany, France, Italy, Spain, Japan, China, India, Australia, and Brazil.
- Key segments covered include Rental NPWT Equipment, NPWT Equipment, and NPWT Disposables.
- Annualized market revenues data from 2002 to 2009, forecast forward for 7 years to 2016. Company shares data for 2009.
- Qualitative analysis of key market trends, market drivers, and restraints by each category within Negative Pressure Wound Therapy (NPWT) market.
- The report also covers information on the leading market players, the competitive landscape, and the leading pipeline products and technologies.
- Key players covered include Kinetic Concepts, Inc., and Smith & Nephew Plc.
Reasons to buy
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- Identify key players best positioned to take advantage of the emerging market opportunities.
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- Make more informed business decisions from the insightful and in-depth analysis of the global Negative Pressure Wound Therapy (NPWT) market and the factors shaping it.
Companies Mentioned:
- Kinetic Concepts, Inc.
- Smith & Nephew Plc
- Talley Group Limited
- ConvaTec
- Molnlycke Health Care AB
- ArjoHuntleigh Healthcare Ltd
- Medela, Inc.
- Prospera
- Genadyne
For more information visit http://www.researchandmarkets.com/research/10729a/negative_pressure