Negative pressure wound therapy (NPWT) is used for managing wide range of wound types such as traumatic, hard-to-heal, and chronic wounds. It is also used to manage wounds that are covered with flaps or a skin graft. This therapy is transformed into a medical device such as a single-use NPWT device, and it is a small pocket-sized battery-operated device. As the name suggests, these are disposable and portable devices generally used for outpatient care.
Smith & Nephew plc and ConvaTec Group Plc. – Notable Market Players in Single-Use Negative Pressure Wound Therapy Devices Market
The single-use negative pressure wound therapy devices market is majorly comprised of top players involving Cardinal Health Inc; ConvaTec Group Plc; Carilex Medical; Genadyne Biotechnologies, Inc.; H and R Healthcare; Lohmann & Rauscher GmbH & Co. KG; Medela AG; Mölnlycke Health Care AB; Paul Hartmann Ag, and Smith & Nephew plc
The companies listed above are implementing various strategies that have resulted in the growth of the company and in turn, have brought about various changes in the worldwide market. Additionally, the companies have adopted several inorganic and organic strategies for accelerating their growth and improving their market position.
Below is the list of the growth strategies done by the players operating in the single-use negative pressure wound therapy devices market:
| Year | News |
| December-2020 | Mölnlycke announces the launch of a new UK distribution centre to strengthen customers’ access to quality Mölnlycke products through a new, more robust supply chain solution that delivers environmental benefits. |
| March-2020 | Smith+Nephew launched its new PICO 14 Single Use Negative Pressure Wound Therapy System. It has a pump duration of up to 14 days. The pump based on previous PICO sNPWT variants’ innovations and advantages. The pump is so enhanced that it requires less user intervention. |
| September-2019 | Smith+Nephew launched PICO 7Y in the US. It is a Single-Use Negative Pressure Wound Therapy System; based on Airlock Technology. Its sNPWT pump includes an innovative integrated Y connector that enables two dressings concurrently from one pump. Thus, permitting to address two wounds or incisions simultaneously. It has applications in different types of wounds such as closed surgical incisions, chronic and acute wounds. |
| January-2019 | Mölnlycke acquires M&J Airlaid Products A/S to further strengthening its wound care capabilities. M&J’s airlaid technology is critical along with foams and soft silicone in Mölnlycke’s wound care products. M&J’s annual revenue for 2017 was EUR 10 million. The acquisition supports Mölnlycke’s growth ambitions and adds critical R&D capabilities to an already strong product pipeline and increasingly differentiated portfolio. |
