Technological Advances in Japan to Boost Negative Pressure Wound Therapy Market, Reports GBI Research
14 Aug 2012 • by Natalie Aster
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 "Negative Pressure Wound Therapy Market to 2017 - Recent Approvals in Japan and Large Diabetes Patient Pool in Emerging Countries to Present Opportunities for Growth" by GBI Research 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 $1.2 billion in 2010. GBI Research attributes striking results in the US to a combination of strong physician recommendations, and increases in both rental business models and the availability of reimbursement.
Negative Pressure Wound Therapy Market to 2017 - Recent Approvals in Japan and Large Diabetes Patient Pool in Emerging Countries to Present Opportunities for Growth
Published: June, 2012
Price: US$ 3.500,00
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.
More information can be found in the 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” by GBI Research.
To order the report or ask for sample pages contact [email protected]