Increased Prevalence of Diabetes Will Boost the Global Negative Pressure Wound Therapy Market Through 2019: Technavio

LONDON--()--The increased prevalence of diabetes has led to the growth of the Global Negative Pressure Wound Therapy Market, which is expected to post a CAGR of 7.97 percent from 2015-2019, says research firm Technavio.

About the Report

Diabetic foot ulcers are a primary complication of diabetes mellitus, making diabetes the leading cause of non-traumatic lower extremity amputations worldwide.

“The adoption of negative pressure wound therapy products can help prevent many of these complications, and this is expected to drive market growth during the forecast period,” says Faisal Ghaus, Vice President of Technavio.

The latest report by Technavio also emphasizes single-use negative pressure wound therapy systems that consist of dressing materials and a powered pump without the canister. Compared to conventional negative pressure wound therapy systems, these systems reduce staff time and cost of therapy.

“Smith & Nephew's PICO delivers a patient-friendly and affordable negative pressure wound therapy system that is easy to use and helps reduce the length of a patient’s stay in hospital,” says Ghaus.

Market Scope and Calculation of Market Size

The new Technavio report covers the current scenario and growth prospects of the Global Negative Pressure Wound Therapy Market from 2015-2019. To calculate the market size, the report considers revenue generated from the following two segments:

  • Standard Negative Pressure Wound Therapy
  • Single-Use Negative Pressure Wound Therapy

Key Information Covered in the Report:

  • Key Vendors:
    • Kinetic Concepts, Inc.
    • Mölnlycke Health Care
    • Smith & Nephew plc
  • Market Growth Drivers:
    • Rise in Prevalence of Diabetes
    • For a full detailed list, view our report.
  • Market Challenges:
  • Market Trends:
    • Increased Use of Single-Use Negative Pressure Wound Therapy Systems
    • For a full detailed list, view our report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the therapy market:

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jes Ellacott
US: +1 630-333-9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com

Release Summary

The increased prevalence of diabetes has led to the growth of the Global Negative Pressure Wound Therapy Market, which is expected to post a CAGR of 7.97 percent from 2015-2019, says Technavio.

Contacts

Technavio Research
Jes Ellacott
US: +1 630-333-9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com