Analysis By Wound Type (Surgical, Traumatic, Diabetic Foot, Sports Injuries, Venous Leg Ulcers, and Others) and End User [Hospitals, Clinics, Ambulatory Surgical Centers (ASCs), and Others]
No. of Pages:110
Report Code:
TIPRE00025226
Category:
Life Sciences
Asia Pacific Single-Use Negative Pressure Wound Therapy Devices Market
Negative pressure wound therapy (NPWT) is used for managing wide range of wound types such as traumatic, hard-to-heal, chronic wounds. It is also used to manage wounds that are covered with flaps or a skin graft. This therapy is transformed into a medical device such as a single-use NPWT device, and it is a small pocket-sized battery-operated device. As the name suggests, these are disposable and portable devices generally used for outpatient care.
Market Overview and Dynamics
The Asia Pacific single-use negative pressure wound therapy market is expected to reach US$ 151.34 million by 2028 from US$ 80.68 million in 2021; it is estimated to grow at a CAGR of 9.4% from 2021 to 2028. The growth of the market is attributed to rising developments in the global health sector and increasing cases of burn injuries. However, the market is expected to have a slow growth rate due to the lack of effective reimbursement policies for wound care.
Chronic wound management products are an essential requirement in the healthcare sector. The research activities carried out in the last few years have resulted in innovative products and solutions in the wound management market. For instance, in February 2017, Centurion launched a new wound irrigation system, IRIG-8, for acute wound management in emergency rooms. The launch of more such innovative and effective products is expected to fuel the single-use negative pressure wound therapy devices market during the forecast period. Also, the healthcare sector has been undergoing rapid transformations from the last several years, with the growing acceptance of advanced technologies. Technology-enabled care (TEC) solutions are being adopted in emerging economies with an increase in the need for better healthcare facilities. A surge in the aging population, incidence of chronic illnesses, and advancements in pediatric care are the primary factors driving the global healthcare sector. Significant investments in R&D by various healthcare companies, governments, and research organizations and the ongoing improvements in reimbursement policies meant for various medical procedures are expected to fuel the growth of the healthcare sector in the coming years. Moreover, the increasing number of effective regulations by government bodies is likely to result in better and reliable healthcare facilities, ensuring quality care and patient safety, and mitigating fraud and cyber-threats. Such developments in the healthcare sector worldwide are likely to provide significant growth opportunities for market players for advanced wound care devices, such as single-use negative pressure wound therapy devices.
Countries in Asia Pacific are facing challenges due to the increasing incidence of COVID-19. Several measures have been implemented to contain the spread of COVID-19, which have resulted in significant operational disruption for many companies, including the companies operating in the healthcare industry. Staff quarantine, supply-chain failures, and reductions in demand have generated serious complications for companies. Also, there has been a significant drop in in-patient and out-patient for private hospital chains. To relieve healthcare systems, many clinics have been postponing diagnosis and treatment apart from COVID-19. To minimize the exposure risk during pandemic situations, patients use disposable devices rather than conventional NPWT devices. Due to health concerns, people prefer to use single-use products to manage chronic and acute wounds. This factor is supporting the growth of the market during the pandemic.
Key Market Segments
The Asia Pacific single-use negative pressure wound therapy devices market, based on wound type, was segmented into surgical, traumatic, diabetic foot, sports injuries, venous leg ulcers, and others. In 2020, the traumatic segment held the largest share of the market, and it is also expected to grow at the fastest rate during the coming years.
Based on end user, the Asia Pacific single-use negative pressure wound therapy devices market was segmented into hospitals, clinics, ambulatory surgical centers, and others. In 2020, the hospitals segment held the largest share of the market. In addition, the demand for hospitals is also expected to grow at the fastest rate during the coming years due to the availability of advanced techniques for single-use negative pressure wound therapy devices.
Major Sources and Companies Listed
A few of the primary and secondary sources referred to while preparing the report on the Asia Pacific single-use negative pressure wound therapy market are the Association for Burns Injuries Singapore (ABIS), Australian Medical Association (AMA), and Japan Society for Surgical Wound Care (JSSWC).
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ASIA PACIFIC SINGLE-USE NEGATIVE PRESSURE WOUND THERAPY MARKET SEGMENTATION
The List of Companies - Asia Pacific Single-Use Negative Pressure Wound Therapy Devices Market
Cardinal Health IncConvaTec Group PlcCarilex MedicalGenadyne Biotechnologies, Inc.Lohmann & Rauscher GmbH & Co. KGMedela AGMölnlycke Health Care ABPAUL HARTMANN AGSmith & Nephew
Frequently Asked Questions
How big is the Asia Pacific Single-Use Negative Pressure Wound Therapy Devices Market?
The Asia Pacific Single-Use Negative Pressure Wound Therapy Devices Market is valued at US$ 80.68 Million in 2021, it is projected to reach US$ 151.34 Million by 2028.
What is the CAGR for Asia Pacific Single-Use Negative Pressure Wound Therapy Devices Market by (2021 - 2028)?
As per our report Asia Pacific Single-Use Negative Pressure Wound Therapy Devices Market, the market size is valued at US$ 80.68 Million in 2021, projecting it to reach US$ 151.34 Million by 2028. This translates to a CAGR of approximately 9.4% during the forecast period.
What segments are covered in this report?
The Asia Pacific Single-Use Negative Pressure Wound Therapy Devices Market report typically cover these key segments-
Wound Type (Surgical, Traumatic, Diabetic Foot, Sports Injuries, Venous Leg Ulcers)
End User (Hospitals, Clinics, Ambulatory Surgical Centers)
What is the historic period, base year, and forecast period taken for Asia Pacific Single-Use Negative Pressure Wound Therapy Devices Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Single-Use Negative Pressure Wound Therapy Devices Market report:
Historic Period : 2019-2020
Base Year : 2021
Forecast Period : 2022-2028
Who are the major players in Asia Pacific Single-Use Negative Pressure Wound Therapy Devices Market?
The Asia Pacific Single-Use Negative Pressure Wound Therapy Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Cardinal Health Inc
ConvaTec Group Plc
Carilex Medical
Genadyne Biotechnologies, Inc.
Lohmann & Rauscher GmbH & Co. KG
Medela AG
Mölnlycke Health Care AB
PAUL HARTMANN AG
Smith & Nephew
Who should buy this report?
The Asia Pacific Single-Use Negative Pressure Wound Therapy Devices Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Asia Pacific Single-Use Negative Pressure Wound Therapy Devices Market value chain can benefit from the information contained in a comprehensive market report.
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