Negative Pressure Wound Therapy Market to 2017 - Recent Approvals in Japan and Large Diabetes Patient Pool in Emerging Countries to Present Opportunities for Growth
Technological Advances and Expansion into Japan to Boost Negative Pressure Wound Therapy Market
The Negative Pressure Wound Therapy (NPWT) market is primed for impressive growth due to technological boosts, successful clinical trials and profitable inroads into Japan, estimates business experts GBI Research in a new report.
The report* shows that the availability of portable NPWT equipment that does not require access to an external power outlet has increased the adoption rates within the healthcare industry, while the future introduction of single use and disposable versions is likely to pique the interest of the medical community and reinforce awareness of the therapy globally.
Currently, the largest market for NPWT is the US, which held a 72% share worth $1.2 billion in 2010. GBI Research attributes striking results in the US to a combination of strong physician recommendations, and increases in both rental business models and the availability of reimbursement.
In addition, a global panel of experts drafted recommendations for NPWT uses, including traumatic wounds such as soft tissue defects, open fractures and burns, and reconstructive procedures. This international panel consisted of 422 members and made 12 recommendations, with the strongest evidence supporting the use of NPWT in skin grafts.
In the near future, Japan is expected to become a key market for NPWT. As Kinetic Concepts Inc. (KCI) are currently the only company with product approval here, the country offered a greater than expected contribution to KCI's sales in 2010, quickly leading them to announce a target of $25m for 2011.
However, other companies will shortly enter this new market with hopes of substantial returns in a promising environment for NPWT.
KCI dominated the global NPWT market in 2010 with a 74% share and started up operations in India and China in the same year. Robust clinical data, a premium rental business and an effective service model have all contributed to KCI's cornering of the worldwide market, but GBI Research predicts a threat to this supremacy as more companies enter the market.
Several other companies have already revised their strategies and developed marketing and distribution partnerships. While Smith & Nephew was the only major company to compete with KCI, others such as Medela, Talley Group and Molnlycke now have competing products available with operations in the US and other locations.
Negative Pressure Wound Therapy Market to 2017 - Recent Approvals in Japan and Large Diabetes Patient Pool in Emerging Countries to Present Opportunities for Growth
The report provides comprehensive information on the key trends and key analytical content on the market dynamics. The report also reviews the competitive landscape, with analysis of major mergers and acquisitions in the last four years. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research's team of industry experts.
Abstract
Negative Pressure Wound Therapy Market to 2017 - Recent Approvals in Japan and Large Diabetes Patient Pool in Emerging Countries to Present Opportunities for Growth
Summary
GBI Research's report, "Negative Pressure Wound Therapy Market to 2017 - Recent Approvals in Japan and Large Diabetes Patient Pool in Emerging Countries to Present Opportunities for Growth" provides key data, information and analysis on the global negative pressure wound therapy market. The report provides comprehensive information on the key trends and key analytical content on the market dynamics. The report also reviews the competitive landscape, with analysis of major mergers and acquisitions in the last four years. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research's team of industry experts.
Scope
Key geographies of the US, Canada, the UK, Germany, France, Italy, Spain, Japan, China, India, Australia and Brazil.
Annualized market revenue data, forecast to 2017, as well as company share data for 2010.
Qualitative analysis of key market trends for the negative pressure wound therapy market.
The report also covers information on the leading market players, the competitive landscape, and the leading technologies in the market.
Key players include Kinetic Concepts Inc., Smith and Nephew Plc, Medela, Talley Group Limited, Lohmann & Rauscher GmbH & Co. KG, Molnlycke Health Care AB, Shandong Wego Newlife Medical Device Co., Ltd, Daewoong Co., Ltd.
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Negative Pressure Wound Therapy Market to 2017 - Recent Approvals in Japan and Large Diabetes Patient Pool in Emerging Countries to Present Opportunities for Growth published by GBI Research in June 12, 2012. This report consists of Pages: 63 and the price starts from US $ 3500.