Single-use Negative Pressure Wound Therapy Devices Market- Roadmap for Recovery from COVID-19 | Increase in Product Launches to Boost Market Growth | Technavio
Technavio has been monitoring the single-use negative pressure wound therapy devices market and it is poised to grow by USD 374.41 million during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
Based on segmentation by application, which is the leading segment in the market?
The ulcers segment is expected to be the leading segment based on application in the global market during the forecast period.
What are the major trends in the market?
Rise in prevalence of diabetes is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of almost 7%, the incremental growth of the market is anticipated to be USD 374.41 million.
Who are the top players in the market?
Cardinal Health Inc., Carilex Medical Inc., ConvaTec Group Plc, Genadyne Biotechnologies Inc., H&R Healthcare, Lohmann & Rauscher GmbH & Co. KG, Medela AG, Molnlycke Health Care AB, Paul Hartmann AG, and Smith & Nephew Plc. are some of the major market participants.
What are the key market drivers and challenges?
Increase in product launches is one of the major factors driving the market. However, the high cost of single-use NPWT devices and associated procedures will restrain market growth.
How big is the North America market?
The North America region will contribute 43% of market growth.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Cardinal Health Inc., Carilex Medical Inc., ConvaTec Group Plc, Genadyne Biotechnologies Inc., H&R Healthcare, Lohmann & Rauscher GmbH & Co. KG, Medela AG, Molnlycke Health Care AB, Paul Hartmann AG, and Smith & Nephew Plc are some of the major market participants. The increase in product launches will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
This study identifies rise in prevalence of diabetes as one of the prime reasons driving the single-use negative pressure wound therapy devices market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist single-use negative pressure wound therapy devices market growth during the next five years
Estimation of the single-use negative pressure wound therapy devices market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the single-use negative pressure wound therapy devices market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of single-use negative pressure wound therapy devices market vendors
Table of Contents:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Market characteristics
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Application
Market segments
Comparison by Application
Ulcers - Market size and forecast 2019-2024
Burn wounds - Market size and forecast 2019-2024
Market opportunity by Application
Customer landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Competitive scenario
Vendor Analysis
Vendors covered
Market positioning of vendors
Cardinal Health Inc.
Carilex Medical Inc.
ConvaTec Group Plc
Genadyne Biotechnologies Inc.
H&R Healthcare
Lohmann & Rauscher GmbH & Co. KG
Medela AG
Molnlycke Health Care AB
Paul Hartmann AG
Smith & Nephew Plc
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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