Negative wound pressure therapy (NWPT) is a noninvasive technique that employs controlled negative pressure to withdraw excess fluid from open wounds through a sealed or foam dressing connected to a collection container. Due to its excellent utility in managing many acute and chronic wounds, this technique has become a popular treatment choice in recent years.
The Global Negative Pressure Wound Therapy Market is projected to grow at a CAGR of around 6.1% during the forecast period, i.e., 2023-28. The market is primarily driven by the surge in accidents and traumatic events that results in the need for faster dressing techniques. With the ability to ensure wounds packing in a sterile way, absorb extra moisture lying in the tissue bed, and reduce swelling wounds, Negative Pressure Wounds Therapy (NPWT) has become the preferred treatment choice in recent years. Moreover, deep-rooted chronic diseases have called for more adoption of these techniques, thereby raising the demand for NPWT devices across the world.
|Study Period||Historical Data: 2018-21|
|Base Year: 2022|
|Forecast Period: 2023-28|
|Regions Covered||North America: USA, Canada, Mexico|
|South America: Brazil, Argentina, Rest of South America|
|Europe: The UK, Germany, France, Spain, Italy, Rest of Europe|
|Asia-Pacific: China, India, Japan, South Korea, Indonesia, Rest of Asia-Pacific|
|Middle East & Africa: GCC, South Africa, Rest of Middle East & Africa|
|Key Companies Profiled||3M, Alleva Medical, Cardinal Health, Carilex Medical, Convatech Group, Cork Medical, Deroyal, Genadyne Biotechnologies, Haromed Medical Technologies, Medela, Molnlcke Healthcare, Paul Hartmann AG, Pensar Medical, Smith & Nephew, Talley Group, Others.|
|Unit Denominations||USD Million/Billion|
Other than this, an alarming rise in the number of burns, diabetic foot ulcers, and pressure ulcer incidences worldwide continues to account for the accelerating demand for negative pressure wound therapy devices. For instance, according to World Health Organization (WHO), almost 180,000 people succumb to burn injuries every year. Besides the devices being exceptionally useful in treating surgical and seriously infected wounds, the market for NPWT is likely to enthrall in the coming years. Apart from facilitating faster recovery, these advanced gadgets also reduce the wound's smell by withdrawing extra secretion, making them a must during treatment.
Further, the swift surge in the geriatric and diabetic population base has again called for more advanced healing techniques citing the difficulty in wound healing phenomenon in a natural way shown by them. Furthermore, increasing reimbursement coverage has also led to advanced and innovative technologies in healthcare setups, clearly hinting at the augmented demand for these devices in the forecast period.
Key Trends in the Global Negative Pressure Wound Therapy Market
The growing diabetic populace giving rise to diabetic foot ulcers has necessitated the need for quick and easy wound-healing techniques. Thus, the demand for NPWT devices has surged in the past few years. Moreover, more than 2.5 million people in the United States develop pressure ulcers each year, leading to higher morbidity and mortality rates, says the Agency for Healthcare Research and Quality (AHRQ). Perhaps it is why the patients here are readily opting for negative pressure treatment therapy to get rid of these ulcers and heal them faster. The steady adoption demonstrated by hospitals, home care, and others has ramped up the production of negative pressure treatment therapy devices, which, in turn, has led to market expansion in the historical years.
Based on Product Type,
Among all, Disposable NPWT devices are expected to witness the fastest growth over the forecast period. Such considerable growth attributes to the several advantages that come in handy with these devices, such as better reimbursement insurance, improved dressing, and most importantly, the light weight of these devices. Although intended for home care settings, they work perfectly in other settings as well and can be used as a primary treatment option. Backed by these benefits, disposable plastics emerge as the most patient-friendly eliminating the need to store them for further use while addressing hygiene concerns at the same time. Moreover, the key manufacturers find it more opportunistic to invest in single-use- NPWT devices. As a result, more such variants are surfacing across the Negative Pressure Wound Therapy Market worldwide, especially in Europe and America. For instance,
In 2020, Smith+Nephew announced the US launch of the new PICO 14 Single Use Negative Pressure Wound Therapy System (sNPWT). With an enhanced pump inspired by the features of previous PICO sNPWT variants, the new version shows minimal intervention.
Geographically, the Global Negative Pressure Wound Therapy Market expands across:
Here, North America is estimated to hold the lion’s share in the market, outpacing its peers. It is primarily because of the growing pool of diabetic patients across the USA and Canada that has led to a swift surge in healthcare expenditure in the past few years. In order to treat diabetic foot ulcers, NPWT devices have become the preferred treatment choice, thereby encouraging the rollout of more such devices in the market. Besides, the presence of quality healthcare device makers, such as Carilex Medical, 3M, Cork Medical, and others, within North America has apparently maximized the availability of NPWT devices, making them relatively more accessible to the end-users in all these years. For instance,
3M, an American multinational conglomerate and a global leader in healthcare devices, has a comprehensive portfolio of advanced wound care solutions backed by clinical evidence across new and growing categories such as digital technology, dressings, disposables, and connectivity.
Recent Developments in the Global Negative Pressure Wound Therapy Market
The growing rate of C-section surgeries has led to the increased post-operative adoption of single-use NPWT devices in recent years. Further, what has led to the expansive incorporation of negative pressure, is their exceptional benefits in terms of increased dermal perfusion, thereby stimulating the formation of granulation tissue. These benefits further accelerate wound healing and decrease bacterial colonization by reducing interstitial tissue fluid and tissue edema. Thus, maximizing the adoption of NPWT and, in turn, encouraging market expansion in the coming years.
The exponential increase in the cost burden exerted by choric wound treatment has led to the advanced, innovative, and cost-efficient single-use NPWT devices in the past few years. With greater demand coming up every year owing to a visible increase in fatalities, technologically advanced NPWT devices in home care settings appear as an opportunistic area for the market players. For instance, In May 2019, KCI Licensing, Inc. received U.S. FDA approval for the DERMATAC drape. These drapes are a proprietary silicone-acrylic hybrid facilitating clinical and operational benefits to the patient in home care settings.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Negative Pressure Wound Therapy Market is projected to grow at a CAGR of around 6.1% during 2023-28.
A. Intensifying post-operative adoption of single-use NPWT devices is the prominent factor driving the Negative Pressure Wound Therapy Market during 2023-28.
A. The leading players in the market are 3M, Alleva Medical, Cardinal Health, Carilex Medical, Convatech Group, Cork Medical, Deroyal, Genadyne Biotechnologies, Haromed Medical Technologies, Medela, Molnlcke Healthcare, Paul Hartmann AG, Pensar Medical, Smith & Nephew, Talley Group, Others.
A. Disposable NPWT devices is anticipated to emerge as an area of remunerative opportunities for the leading players in the Negative Pressure Wound Therapy Market during the forecast period.
A. Globally, North America would provide lucrative prospects for the Negative Pressure Wound Therapy Market in the years ahead.
A. Rising prevalence of pressure and diabetic foot ulcers is the key trend shaping the growth of the Negative Pressure Wound Therapy Market during 2023-28.
A. The advent of technologically advanced single-use NPWT devices in the home-care setting emerge as an opportunistic area for the market players during 2023-28.