ALBANY, New York, May 9, 2014 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Negative Pressure Wound Therapy Market (Conventional and Single Use NPWT Systems) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global negative pressure wound therapy devices market was valued at USD 2.1 billion in 2012 and is expected to grow at a CAGR of 10.2% from 2013 to 2019, to reach an estimated value of USD 4.2 billion in 2019.

Browse Negative Pressure Wound Therapy (NPWT) Market Report With Full TOC http://www.transparencymarketresearch.com/negative-pressure-wound-therapy.html

Rise in the number of chronic diseases such as diabetes, cardiovascular diseases, peripheral vascular diseases has triggered the growth of negative pressure wound care therapy (NPWT) market. Moreover, increasing incidence of cancer and neurological diseases has led to long-term bed occupancy of the affected patients thus increasing the incidence rate of decubitus ulcers. The ever increasing geriatric population globally has caused a significant financial burden on the healthcare authorities. To manage this situation patients are preferring usage of portable and easy to use NPWT devices that may be used as a home healthcare devices. This has helped in minimizing the overall cost of the hospital stay. In addition, companies in this industry are trying to stay abreast with technological innovations such as launch of single use NPWT devices that may reduce the chances of contamination. These companies are also increasingly focusing on R&D to introduce patient friendly NPWT devices at minimal cost.

According to the American Diabetes Association nearly 26 million children and adults are currently suffering from diabetes. The association has also stated that 15% of people with diabetes experience a foot ulcer at some point in their lifetime. The diabetic foot ulcer causes various complications such as ulceration, infection and gangrene thus leading to complex and costly sequel of diabetes. The role of negative pressure wound care therapy has been considered to be a novel therapy for treatment of diabetic foot ulcers. This significant population of diabetic foot ulcers has boosted the demand for NPWT devices market.

The NPWT devices market has been primarily segmented into conventional NPWT devices and single use NPWT devices. The conventional NPWT devices market further comprises pumps, canisters, tubes and dressing kits. The NPWT pumps market of the conventional NPWT devices accounted for the largest market. Among these the dressing kits market is expected to foresee the highest growth rate during the forecast period. However, the single use NPWT devices are anticipated to grow at the highest growth rate of over 12% from 2013 to 2019.

Geographically North America accounted for the largest market in the year 2012 followed by Europe. However, Asia Pacific is estimated to have the fastest growth rate owing to rise in chronic diseases coupled with rise in disposable income and growing awareness.

The major players of this market include Kinetic Concepts Inc., Smith & Nephew, Talley Group Ltd, Convatec, Molnlycke Health Care AB, ArjoHuntleigh Healthcare Ltd, Medela, Inc., Prospera and Genadyne.

Related & Recently Published Reports by Transparency Market Research:

• Atrial Fibrillation Market: http://www.transparencymarketresearch.com/atrial-fibrillation-market.html
• Medical Imaging Equipment Market: http://www.transparencymarketresearch.com/medical-imaging-equipment-market.html
• Mechanical Ventilators Market: http://www.transparencymarketresearch.com/mechanical-ventilators-market.html
• Medical Polymers, Resins and Fibers, Elastomers, Biodegradable Plastics Market: http://www.transparencymarketresearch.com/medical-polymers-market.html
• Antibacterial Glass Market: http://www.transparencymarketresearch.com/antibacterial-glass-market.html

The global negative pressure wound therapy (NPWT) devices market is segmented as follows:

• Negative Pressure Wound Therapy (NPWT) Market, by Products 
  • Conventional Negative Pressure Wound Therapy (NPWT) Systems
  • Single Use Negative Pressure Wound Therapy (NPWT) Systems

Browse Negative Pressure Wound Therapy (NPWT) Market Report With Full TOC http://www.transparencymarketresearch.com/negative-pressure-wound-therapy.html

• Negative Pressure Wound Therapy (NPWT) Market, by Geography 
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Browse Medical Devices Market Reports @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

About Us 

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Browse All Market Research Reports:  http://www.transparencymarketresearch.com/categories.html
Browse Market Research Articles: http://www.transparencymarketresearch.com/articles.htm
Browse Market Research News: http://www.transparencymarketresearch.com/press-releases.htm
Blog: http://www.tmrblog.com/

SOURCE http://www.transparencymarketresearch.com/