Negative Pressure Wound Therapy (NPWT) Devices Market Analysis based on Healthcare Applications 2018
Treatment options
for wounds includes application of topical medication, sutures,
staples, adhesives, compression therapy, hyperbaric oxygen therapy,
biological dressings, and negative pressure wound therapy (NPWT).
Negative pressure wound therapy, also called vacuum-assisted wound
closure, has gained significant traction over the last decade as it
is equally effective in acute and chronic wounds. NPWT is a
relatively non-invasive wound therapy and offers various pips other
conventional treatment options by facilitating better healing,
shorter hospital stay, and fewer wound infections.
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Market Dynamics
The primary benefits
of NPWT such as elimination of edema, providing a moist wound-healing
environment, and stimulating angiogenesis and blood flow to the wound
is increasing its uptake. Moreover, the new guidelines outlined by
the World Health Organization (WHO) in November 2016, recommends use
of NPWT in closed-surgical incision in order to reduce risk of
surgical site infection. The guidelines also recommends use of
portable NPWT devices. Furthermore, increasing prevalence of diabetes
(422 million sufferers until 2014, WHO) and increasing number of
medical surgeries (312.9 million in 2012, WHO) is expected to drive
the market for NPWT globally.
Increasing
prevalence of chronic wounds to fuel the demand in global negative
pressure wound therapy devices market
According to the
American Diabetes Association (ADA), diabetic foot ulcers costs the
public and private payers in the U.S. US$ 9 billion – US$ 13
billion annually, in addition to diabetes treatment costs. Moreover,
a study published by the ADA in 2014 found that the incidence of
diabetic foot ulcers in the U.S. was 3.8% among the Medicare insured
diabetic patients and 5.0% among privately insured diabetic patients.
A study published in the Indian Journal of Health Sciences and
Biomedical Research in 2015 revealed the prevalence of foot ulcers
among diabetic patients in India to be 3%. With over 420 million
diabetic patients globally (WHO, 2016), prevalence of 3% - 5% amounts
to a sizeable population, highlighting the underlying potential of
NPWT devices.
Moreover, with
increasing age, prevalence of leg ulcers and other chronic wounds is
also expected to increase. Although there is less prevalence of
venous leg ulcer, treatment cost of this ulcer remains a burden on
the economy. For instance, in U.K., prevalence of venous leg ulcers
was 0.1%-0.3%, however, treatment costs was US$ 506 – US$ 760
million annually.
The treatment cost
of chronic wounds can be reduced to a large extent by utilizing NPWT,
as the frequency of change in dressings reduces and the device can
serve for up to a month of therapy duration. This is expected to
drive growth of the negative pressure wound therapy devices market
over the forecast period.
Utilization of
new technologies to improve clinical outcomes to favor the
manufacturers in the global negative pressure wound therapy devices
market
Connate Group plc,
launched Avelle system, its first NPWT device, in August 2016. This
device is based on a proprietary AQUACEL technology that prevents
periwound maceration and is a canister-less disposable system with a
30 day usability period. Smith & Nephew plc, received the 2016
French Galien award for its PICO NPWT device. PICO being a single-use
NPWT device, significantly reduces overall cost of treatment and the
care needed for individual patients with chronic wound compared to
conventional wound therapies (sutures, dressings, etc.). Such
technologies with improved patient outcomes provides a competitive
advantage to marketers of NPWT device and gain share in the global
negative pressure wound therapy devices market.
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Key companies
covered as a part of this study include Smith & Nephew plc, Devon
Medical, Paul Hartmann AG, Talley Group Limited, Coloplast A/S,
ConvaTec Inc., Molnlycke Health Care AB, Medela AG, Kinetic Concepts,
Inc., and Cardinal Health, Inc.
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