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.

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Technavio has announced its latest market research report titled Global Single-use Negative Pressure Wound Therapy Devices Market 2020-2024 (Graphic: Business Wire)

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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.

Single-use Negative Pressure Wound Therapy Devices Market 2020-2024: Segmentation

Single-use Negative Pressure Wound Therapy Devices Market is segmented as below:

• Application
  • Ulcers
  • Burn Wounds
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • MEA

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Single-use Negative Pressure Wound Therapy Devices Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The single-use negative pressure wound therapy devices market report covers the following areas:

• Single-use Negative Pressure Wound Therapy Devices Market Size
• Single-use Negative Pressure Wound Therapy Devices Market Trends
• Single-use Negative Pressure Wound Therapy Devices Market Analysis

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.

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Single-use Negative Pressure Wound Therapy Devices Market 2020-2024: Key Highlights

• 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

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200927005020/en/