Single-Use Negative Pressure Wound Therapy (NPWT) Devices Market in 2019

The global negative pressure wound therapy devices market is expected to grow at a CAGR of 9.05% during the forecast period. Some of the prominent vendors in the global negative pressure wound therapy devices market include Acelity, Cardinal Health, ConvaTec, Mölnlycke Health Care, and Smith & Nephew among others. 

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Vendors are making use of innovative business strategies to increase their customer base, increase their geographic reach, increase their product offerings, and thereby increase their market share. They are focusing on increasing their product portfolios through acquisitions. For instance, in December 2015,Acelity acquired the SNaP disposable negative pressure wound therapy system from Spiracur. This acquisition helped Acelity increase its product offerings in wound care solutions. 

Companies are also focusing on increasing their geographic reach through the acquisition of distributors. For instance, in July 2015, Smith & Nephew acquired the trauma and orthopedics business of DeOst and DC. This acquisition helped the company to understand the needs of customers in Russia and provide its full range of products and services in the country. Such business strategies can drive the growth of the global negative pressure wound therapy devices market during the forecast period. 

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