Theglobal negativepressure wound therapy devices market is expected to grow ata CAGR of 9.05% during the forecast period. Some of the prominent vendors inthe global negative pressure wound therapy devices market include Acelity,Cardinal Health, ConvaTec, Mölnlycke HealthCare, and Smith & Nephew among others.
Vendorsare making use of innovative business strategies to increase their customerbase, increase their geographic reach, increase their product offerings, andthereby increase their market share. They are focusing on increasing theirproduct portfolios through acquisitions. For instance, in December2015, Acelity acquired the SNaP disposablenegative pressure wound therapy system from Spiracur. This acquisitionhelped Acelity increase its product offerings in wound caresolutions.
Companiesare also focusing on increasing their geographic reach through the acquisitionof distributors. For instance, in July 2015, Smith & Nephew acquired thetrauma and orthopedics businessof DeOst and DC. Thisacquisition helped the company to understand the needs of customers in Russiaand provide its full range of products and services in the country. Such businessstrategies can drive the growth of the global negative pressure wound therapydevices market during the forecast period.
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