Negative Pressure Wound Therapy

Negative Pressure Wound Therapy Market Research Report: Forecast (2023-2028)

By Product Type (Conventional NPWT devices, Disposable NPWT devices, NPWT Accessories), By Wound Type (Burns and Surgical Open Wounds, Pressure Ulcers, Diabetic Foot Ulcers, Venous Leg Ulcers, Traumat Read more

  • Healthcare
  • Dec 2022
  • 195
  • HC22103

Market Definition

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.

Market Insights

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.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 6.1%
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

  • Rising Prevalence of Pressure and Diabetic Foot Ulcers

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.

Market Segmentation

Based on Product Type,

  • Conventional NPWT devices
  • Disposable NPWT devices
  • NPWT Accessories

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.

Regional Projection

Geographically, the Global Negative Pressure Wound Therapy Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

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

  • In November 2022, InfuSystem Holdings Inc. and Sanara MedTech Inc. announced the establishment of a partnership named SI Wound Care, LLC. The collaboration seeks to deliver a complete wound care solution curated for improving patient outcomes, lowering the cost of care, and increasing patient and provider satisfaction. The venture apparently facilitates InfuSystem to offer innovative products, including Cork Medical LLC’s negative pressure wound therapy (NPWT) devices and supplies and Sanara’s advanced wound care product line.
  • In August 2022, 3M upgraded the delivery of its Veraflo Therapy, a negative pressure wound therapy with instillation. With the new 3M Veraflo Cleanse Choice Complete Dressing Kit and a software upgrade for the 3M V.A.C. Ulta Therapy Unit, the company is determined to reduce the cost burden to consumers. These new offerings are expected to simplify the care delivery processes for clinicians and help make dressing changes less painful and faster.

Market Dynamics

Key Driver

  • Intensifying post-operative adoption of NPWT devices

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.

Growth Opportunities:

  • The Advent of Technologically Advanced Single-Use NPWT Devices in The Home-Care Setting

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:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Negative Pressure Wound Therapy Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Negative Pressure Wound Therapy Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Negative Pressure Wound Therapy Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Global Negative Pressure Wound Therapy Market study?

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.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Negative Pressure Wound Therapy Market Porters Five Forces Analysis
  5. Global Negative Pressure Wound Therapy Market Trends & Insights
  6. Global Negative Pressure Wound Therapy Market Dynamics
    1. Drivers
    2. Challenges
  7. Global Negative Pressure Wound Therapy Market Growth Opportunities & Hotspots
  8. Global Negative Pressure Wound Therapy Market Policy & Regulations
  9. Global Negative Pressure Wound Therapy Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Revenues (USD Million)
    2. Market Share & Outlook
      1. By Product Type
        1. Conventional NPWT devices
        2. Disposable NPWT devices
        3. NPWT Accessories
      2. By Wound Type
        1. Burns and Surgical Open Wounds
        2. Pressure Ulcers
        3. Diabetic Foot Ulcers
        4. Venous Leg Ulcers
        5. Traumatic Wound
      3. By End User
        1. Home Care Settings
        2. Hospitals
        3. Others
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      5. By Company
        1. Market Share
        2. Competition Characteristics
  10. North America Negative Pressure Wound Therapy Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Revenues (USD Million)
    2. Market Share & Outlook
      1. By Product Type
      2. By Wound Type
      3. By End User
      4. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
    4. Canada Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
    5. Mexico Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
  11. South America Negative Pressure Wound Therapy Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Revenues (USD Million)
    2. Market Share & Outlook
      1. By Product Type
      2. By Wound Type
      3. By End User
      4. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
    4. Argentina Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
  12. Europe Negative Pressure Wound Therapy Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Revenues (USD Million)
    2. Market Share & Outlook
      1. By Product Type
      2. By Wound Type
      3. By End User
      4. By Country
        1. The UK
        2. Germany
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
    3. The UK Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
    4. Germany Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
    5. Italy Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
    6. France Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
    7. Spain Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
  13. The Middle East & Africa Negative Pressure Wound Therapy Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Revenues (USD Million)
    2. Market Share & Outlook
      1. By Product Type
      2. By Wound Type
      3. By End User
      4. By Country
        1. GCC
        2. South Africa
        3. Rest of the Middle East & Africa
    3. GCC Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
    4. South Africa Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
  14. Asia-Pacific Negative Pressure Wound Therapy Market Analysis, 2018-2028F
    1. Market Size & Outlook
      1. Revenues (USD Million)
    2. Market Share & Outlook
      1. By Product Type
      2. By Wound Type
      3. By End User
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Rest of Asia-Pacific
    3. China Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
    4. India Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
    5. Japan Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
    6. South Korea Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
    7. Australia Negative Pressure Wound Therapy Market Analysis, 2018-2028F
      1. Market Size & Outlook
        1. Revenues (USD Million)
      2. Market Share & Outlook
        1. By Product Type
        2. By Wound Type
  15. Global Negative Pressure Wound Therapy Market Key Strategic Imperatives for Success & Growth
  16. Competitive Benchmarking
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc)
      1. 3M
      2. Alleva Medical
      3. Cardinal Health
      4. Carilex Medical
      5. Convatech Group
      6. Cork Medical
      7. Deroyal
      8. Genadyne Biotechnologies
      9. Haromed Medical Technologies
      10. Medela
      11. Molnlcke Healthcare
      12. Paul Hartmann AG
      13. Pensar Medical
      14. Smith & Nephew
      15. Talley Group
      16. Others
  17. Disclaimer
Negative Pressure Wound Therapy Market Segmentation Slide