USD 2 billion
Negative Pressure Wound Therapy Devices Market Size, Share, Growth Analysis, By Product(Conventional NPWT, and Single-use NPWT), By Type(Diabetic Foot Ulcers, Venous Leg Ulcers, Pressure Ulcers, Burn Wounds), By End - User(Hospitals & Clinics, Ambulatory Surgery Centers (ASCs), and Home Care Settings), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2463 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
91
|Figures:
76
Negative Pressure Wound Therapy Devices Market Insights
Negative Pressure Wound Therapy Devices Market size was valued at USD 2 billion in 2021 and is poised to grow from USD 2.14 billion in 2022 to USD 3.68 billion by 2030, growing at a CAGR of 7% in the forecast period (2023-2030).
The market for Negative Pressure Wound Therapy (NPWT) is set to expand due to an increasing demand for advanced wound care. In the field of wound management, single-use NPWT devices are gaining popularity, surpassing conventional products. A notable example is Smith & Nephew's PICO, a single-use NPWT device that has gained widespread acceptance worldwide. The industry's demand is expected to be significantly influenced by the rising prevalence of chronic diseases like diabetes, which often leads to complications such as diabetic foot ulcers.
Transport injuries, particularly road accidents, have been a major contributor to the occurrence of wounds. However, the pandemic's widespread cancellation of both public and private transportation has significantly decreased the number of patients requiring wound-related medical attention. In summary, the COVID-19 pandemic has had an adverse impact on the market.
The prevalence of diabetic ulcers in the U.S. population is estimated to grow by 2% annually, which is expected to foster market growth. Additionally, regions like the Asia Pacific are witnessing an increase in traumatic events, leading to burn-related wounds that can result in extensive skin damage. As a result, the demand for wound therapeutics is projected to rise, consequently boosting the overall market for such products.
US Negative Pressure Wound Therapy Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals & Clinics
Fastest Growth
Home Care Settings
Growth Rate
7% CAGR
Global Negative Pressure Wound Therapy Devices Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Negative Pressure Wound Therapy Devices Market Segmental Analysis
The global negative pressure wound therapy devices market is segmented on the basis of product, type, end – user, region. By product, the market is segmented into conventional NPWT, and single-use NPWT. By type, the market is segmented into diabetic foot ulcers, venous leg ulcers, pressure ulcers, burn wounds, and others. By end – user, the market is segmented into hospitals & clinics, Ambulatory Surgery Centers (ASCs), and home care settings. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Negative Pressure Wound Therapy Devices Market Analysis By End - User
The hospital sector exhibited its dominance within the market, commanding the largest portion of revenue at 52.5%. This can be attributed to the extensive utilization of conventional NPWT devices within hospital environments. However, a notable trend on the horizon is the anticipated rapid growth of the home care sector, which is projected to achieve the highest CAGR throughout the forecast period.
The emergence of NPWT therapy for home care settings is a key driver behind this growth trajectory. This shift is closely linked to the introduction of single-use NPWT systems, which are gaining prominence. As such, the home care segment is poised to witness significant expansion, fueled by these advancements in NPWT technology and its application beyond traditional healthcare settings.
Negative Pressure Wound Therapy Devices Market Analysis By Type
The pressure ulcer category assumed a commanding position within the market, capturing the largest portion of revenue at 31.3%. This was primarily due to the protracted treatment duration associated with pressure ulcers. Patients afflicted with pressure ulcers often require extended stays in hospitals, leading to escalated hospital costs. This extended treatment period is instrumental in driving the dominance of the pressure ulcer segment.
Conversely, a particularly noteworthy trend is the projected remarkable growth of the diabetic foot ulcers segment. This segment is forecasted to exhibit the highest CAGR throughout the stipulated forecast period. The driving forces behind this surge are multifaceted. Firstly, NPWT has demonstrated significant success in treating diabetic foot ulcers, expediting the healing process of these chronic wounds. Additionally, the soaring prevalence of diabetes globally further underscores the importance of this segment. Diabetic foot ulcers constitute a prevalent and recurring issue among individuals with diabetes, making them a critical target for advanced wound care solutions like NPWT.
Global Negative Pressure Wound Therapy Devices Market By End - User
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Negative Pressure Wound Therapy Devices Market Regional Insights
North America prominently commanded the market with the largest revenue share, accounting for 38.9%. This remarkable position can be attributed to several key factors that characterize the healthcare landscape in the region. Notably, North America boasts a substantial healthcare expenditure and is equipped with a highly advanced healthcare infrastructure. As a result of these advantageous factors, the adoption of Negative Pressure Wound Therapy (NPWT) devices has witnessed a significant upsurge, gaining traction across both hospital and homecare settings alike.
The robust healthcare expenditure within North America underscores the region's commitment to delivering top-notch medical care. This commitment, coupled with the sophisticated healthcare facilities in place, has established a conducive environment for the widespread utilization of NPWT devices. These advanced devices have found a significant foothold in both hospital settings, where they are applied for patients with varying wound conditions, as well as in homecare settings, providing a flexible and effective option for patients to manage their wounds with greater convenience.
Meanwhile, in the Asia Pacific region, a distinctive trend is poised to unfold over the forecast period. The market in this region is projected to exhibit a highly promising Compound Annual Growth Rate (CAGR). This projected growth trajectory primarily stems from the escalating occurrences of traumatic events, particularly burns, which are prevalent in this region. The rising number of traumatic incidents has subsequently triggered an increased demand for advanced wound care therapies, including NPWT, to address the intricate and demanding nature of burn-related wounds.
As such, the Asia Pacific region is anticipated to emerge as a significant growth hotspot for the NPWT market, owing to its unique healthcare challenges and the imperative need to provide effective wound management solutions for a diverse range of patients. This trend highlights the adaptable nature of NPWT technology, which can be applied across various contexts and wound types, making it an indispensable asset in the realm of modern wound care.
Global Negative Pressure Wound Therapy Devices Market By Region
- Largest
- Fastest
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Negative Pressure Wound Therapy Devices Market Dynamics
Negative Pressure Wound Therapy Devices Market Drivers
Increasing Chronic Wounds and Surgical Procedures
- The rise in chronic wounds, such as diabetic ulcers and pressure ulcers, along with the growing number of surgical procedures, has driven the demand for NPWT devices. These devices aid in faster wound healing and reduce the risk of infections.
Advancements in NPWT Technology
- Ongoing research and technological advancements have led to the development of more efficient and user-friendly NPWT devices, expanding their adoption in both hospital settings and homecare environments.
Favorable Reimbursement Policies
- Improved reimbursement policies for wound care products and therapies, including NPWT, have encouraged healthcare facilities and providers to adopt these devices.
Negative Pressure Wound Therapy Devices Market Restraints
Complexity and Training
- Effective use of NPWT devices requires proper training and understanding of the technology. Healthcare professionals may be hesitant to adopt NPWT if they lack the necessary training or if the devices are perceived as too complex to use.
Risk of Complications
- While NPWT is generally considered safe, there is still a potential for complications, such as wound infection, bleeding, and pain. Healthcare professionals may be cautious about using NPWT if they perceive a higher risk of adverse events.
High Costs
- The initial cost of NPWT devices and the ongoing expenses associated with dressings, canisters, and accessories can be a significant barrier to adoption, particularly in healthcare systems with limited budgets.
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Negative Pressure Wound Therapy Devices Market Competitive Landscape
Global negative pressure wound therapy (NPWT) devices market features a dynamic and competitive landscape characterized by a mix of established medical device companies and emerging players. Key industry players such as Smith & Nephew, Mölnlycke Health Care, Acelity (now part of 3M), and ConvaTec dominate market shares due to their extensive product portfolios, strong distribution networks, and brand recognition. These companies have consistently invested in research and development to enhance NPWT device efficacy, patient comfort, and usability.
The market also witnesses the emergence of innovative startups and smaller manufacturers, bringing novel technologies and designs to the forefront. Technological advancements, including smart and connected NPWT systems, personalized wound care solutions, and integration with electronic health records, drive competition and shape market trends.
Negative Pressure Wound Therapy Devices Market Top Player’s Company Profiles
- Smith & Nephew (United Kingdom)
- Mölnlycke Health Care (Sweden)
- Acelity (now part of 3M) (United States)
- ConvaTec (United Kingdom)
- Cardinal Health (United States)
- Medela AG (Switzerland)
- Talley Group Limited (United Kingdom)
- Genadyne Biotechnologies (United States)
- Carilex Medical (Taiwan)
- Lohmann & Rauscher (Germany)
- ATMOS MedizinTechnik GmbH & Co. KG (Germany)
- KCI Licensing, Inc. (United States)
- WuHan VSD Medical Science & Technology (China)
- Prospera (Israel)
- Pensar Medical (United States)
- Medikontur Medical Engineering Ltd. (Hungary)
- Medela LLC (United States)
- Derma Sciences (United States)
- Devon Medical Products (United States)
- Lacer S.A. (Spain)
Negative Pressure Wound Therapy Devices Market Recent Developments
- In February 2023, Mölnlycke Health Care announced the launch of its new ActiV.A.C.® Portable NPWT System.
- In January 2023, Smith & Nephew acquired the wound care business of ConvaTec.
Negative Pressure Wound Therapy Devices Key Market Trends
- Rise in Homecare Usage: There's a growing trend toward using NPWT devices in homecare settings. This trend is driven by advancements in portable and user-friendly NPWT systems that enable patients to receive treatment while maintaining their daily routines.
- Technological Advancements: The NPWT devices market has seen continuous technological innovations. This includes the development of smart and connected NPWT devices that allow healthcare professionals to monitor patients' progress remotely and adjust treatment settings as needed.
- Combination Therapies: Combination therapies involving NPWT devices are becoming more prevalent. This includes combining NPWT with other wound care modalities such as antimicrobial dressings, growth factors, and cellular therapies to enhance healing outcomes.
Negative Pressure Wound Therapy Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global negative pressure wound therapy devices market analysis, the global negative pressure wound therapy (NPWT) devices market presents a dynamic landscape shaped by a blend of established market leaders and innovative newcomers. The market's trajectory is driven by key factors, including the rising prevalence of chronic wounds, advancements in technology, and a shift towards personalized care. However, challenges such as high costs, regulatory compliance, and variability in patient response continue to influence the market dynamics. Market leaders like Smith & Nephew, Mölnlycke Health Care, and Acelity (now part of 3M) maintain their dominance due to their comprehensive product portfolios and extensive reach. The industry also witnesses smaller players entering with novel solutions, driving competition and fostering technological innovation. As healthcare systems emphasize cost-effectiveness and patient outcomes, companies capable of demonstrating superior clinical efficacy, user-friendliness, and affordability stand to gain a competitive edge.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2 billion |
| Market size value in 2031 | USD 3.68 billion |
| Growth Rate | 7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Negative Pressure Wound Therapy Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Negative Pressure Wound Therapy Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Negative Pressure Wound Therapy Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Negative Pressure Wound Therapy Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Negative Pressure Wound Therapy Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Negative Pressure Wound Therapy Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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