In 2021, the Negative Pressure Wound Therapy (NPWT) Market was estimated to be worth US$ 5.9 billion, and by 2022, it is expected to be worth US$ 6.2 billion. The market for negative pressure wound therapy as a whole is predicted to increase at a stable CAGR of 5.2% between 2022 and 2032, reaching more than US$ 9.9 Billion by that year. This is because chronic wounds like diabetic foot ulcers, post-surgical ulcers, and pressure ulcers are becoming more common, and because wound care costs are increasing.
The NPWT market will have a significant upturn after 2025, according to FMI, a reputable brand in the market research industry, and will be valued at US$ 3.2 Billion by 2029.
Negative pressure wound therapy (NPWT) is widely used in hospitals, clinics, and homecare settings because of its effectiveness in treating both acute and chronic wounds. The market for negative pressure wound therapy is expanding, particularly in North America and Western Europe, as a result of the use of NPWT devices in the management of closed wounds, where the risk of wound collapse is higher. Concerns about potential dangers have been addressed by the creation of safe and highly effective negative pressure wound therapy devices, which has increased usage across end-use sectors. The number of adverse reactions and product recalls have decreased, which has raised trust in NWPT’s safety.
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Key Takeaways of NPWT Market Study
- Single-use disposable negative pressure wound therapy devices, under product, are expected to exhibit a CAGR of 8% during the forecast period.
- The U.S. is anticipated to dominate the global negative pressure wound therapy market and account for over 86% share of the North America NPWT market.
- Hospitals and home care settings segments are expected to dominate the negative pressure wound therapy market during the forecast period, owing to significant adoption of NPWT systems.
- Companies are focusing on collaborating with established research centres and other manufacturers to develop products complaint with regulations across the globe that can help in the treatment of chronic disorders.
Frequently Asked Questions About Negative Pressure Wound Therapy (Npwt) Market
Which countries have significant growth potential in the negative pressure wound therapy market over the next decade?
Countries such as China and India have a relatively large population base and incidence rates of various chronic wounds such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers, which is boosting the growth of the negative pressure wound therapy market. Besides, the number of healthcare facilities is increasing in these countries, and the demand for NPWT devices and dressings is expected to further increase over the next few years.
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How are government initiatives increasing the demand for NPWT?
Increasing government initiatives in the healthcare sector in various countries are encouraging the development of newer and innovative technologies to enhance treatment methods such as NPWT. Government hospitals in various developing countries have initiated a wide range of foot-care programmes, including therapeutic health education, regular foot examinations, and screenings to identify those at high risk, significantly boosting the growth of the negative pressure wound therapy market.
Manufacturer of NPWT Devices Focusing on Launch of Portable and Disposable Devices
Over the last few years, leading manufacturer have been focusing on introducing portable and disposable NPWT devices, targeting a range of consumers, including hospitals, homecare settings, etc. Presently, a majority of NPWT devices are used in the U.S. and Europe. However, the demand for portable and disposable NPWT devices is gaining traction in APAC, Eastern Europe, and Latin America. There has been growing interest in using portable and disposable NPWT devices on closed incisions after a surgical procedure in order to inhibit potential surgical site infections (SSIs) and other wound complications in high-risk patients.
Examples of some disposable NPWT devices from top players include
- V.A.C.Via Therapy System,
- Prevena Incision Management System (Acelity),
- PICO (Smith and Nephew PLC.),
- AVELLE Negative Pressure Wound Therapy System (ConvaTec Inc.)
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Negative Pressure Wound Therapy (Npwt) Market Taxonomy:
The global negative pressure wound therapy market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
Product
- Standalone NPWT Devices
- Single-use Disposable NPWT Devices
- Portable NPWT Devices
- NPWT Accessories (Canisters)
End User
- Hospitals
- Clinics
- Home Care Settings
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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