Speak directly to the analyst to clarify any post sales queries you may have.
The economic burden of a wound per year in Europe is approximately $6500-$8000. Healthcare bodies are introducing multiple strategies and regulations to reduce the economic burden and to increase the adoption of advanced products for faster recovery and reducing re-admissions. The awareness among wound care specialists is increasing. Specialty wound care hospitals collaborate with large hospitals providing better care to the patients.
MARKET DEFINITION
NPWT is a wound care treatment that can be used for wounds on all parts of the body. It involves the application of negative pressure to the wound, which aids in reducing edema by removing excess fluid. Additionally, this therapy facilitates wound compression, thereby promoting the growth of new healthy tissue and the formation of blood vessels.KEY HIGHLIGHTS:
- The number of diabetics, obese patients, and patients with co-morbidities is increasing constantly in Europe. This leads to an increase in pressure ulcers and prolonged healing of wounds. The increasing target population will drive the demand for NPWT in the European market.
- Conventional NPWT market has a higher contribution as it has a higher adoption rate among healthcare professionals. The hospitals and wound care clinics are major end-users of NPWT products and constitute for major market share
- Improper reimbursement for the NPWT is one of the major reasons for the slower adoption of products in developed markets like Italy, France, and the UK
- The awareness among people of wound care is very low. People prefer conventional treatments and choose not to go for advanced treatments. This is a major limitation for the adoption of NPWT treatments in Europe
- There is a constant increase in the number of surgeries performed in European countries. Increasing access to healthcare settings is increasing the number of elective surgeries. This will increase the demand for NPWT products in the market.
VENDORS
Key Vendors
- Smith+Nephew
- 3M
- Convatech
Other Prominent Vendors
- Alleva medical
- Cardinal Health
- Carilex
- Deroyal
- Genadyne
- Haromed
- Hartmann
- Medela
- Molnlycke
- Lohmann & Rausch
- Talley Group
- Traiage Meditech
REPORT HIGHLIGHTS
SEGMENTATION & FORECAST
- Product
- Conventional NPWT
- Single Use NPWT
- End-User
- Hospitals
- Wound Care Clinics
- ASCs
- Others
- Wound Type
- Chronic Wound
- Acute Wound
- Country Analysis
- Germany
- France
- UK
- Italy
- Spain
MARKET STRUCTURE
- Market Dynamics
- Competitive Landscape
- Key Vendors
- Other Prominent Vendors
- Strategic Recommendations
- Quantitative Summary
- Abbreviations
Table of Contents
Companies Mentioned
- Smith+Nephew
- 3M
- Convatech
- Alleva medical
- Cardinal Health
- Carilex
- Deroyal
- Genadyne
- Haromed
- Hartmann
- Medela
- Molnlycke
- Lohmann & Rausch
- Talley Group
- Traiage Meditech
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 79 |
| Published | August 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 0.59 Billion |
| Forecasted Market Value ( USD | $ 0.88 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 15 |
