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Global Negative Pressure Wound Therapy Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report - Segmented By Product Type, Wound Type, End-User and Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) - Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 10367
Pages: 180
Formats: report pdf report excel report power bi report ppt

Negative Pressure Wound Therapy Market Size (2022 to 2027)

The size of the global negative pressure wound therapy market is forecasted to be growing at a CAGR of 6.1% between 2022 to 2027. The market size is estimated to worth USD 3.14 billion by 2027 and USD 2.33 billion in 2022.

Negative pressure wound therapy is the preferred treatment option, especially for diabetic ulcers, pressure sores, postoperative wounds, and recurring chronic wounds such as leg ulcers.  Negative pressure wound therapy (NPWT), also known as vacuum-aided closing, is a wound dressing device that constantly or intermittently adds negative pressure to the wound surface. This therapy is becoming more common for the treatment of both acute and chronic wounds. Conventional and single-use NPWT systems are commercially viable. However, their use depends on considerations such as the cut's size and location, the patient's general health, and nutritional status, among others. NPWT dressings are often checked every 48 hours, although this can be extended up to 2-6 weeks, depending on the seriousness of the wound.  

MARKET DRIVERS:

Increasing diabetes prevalence, growing spending on chronic and surgical wounds, government measures to avoid SSIs, and a high incidence of cesarean sections in elderly mothers contributing to increased postoperative usage of NPWT devices are projected to fuel the global negative pressure wound therapy market growth over the forecast period.

The factor that is majorly driving the growth of the global negative pressure wound therapy market is the rise in the diabetes provinces worldwide. According to the IDF (International Diabetics Federation) estimation, by 2040, the diabetics' patients will reach 642.0 million from 415.0 million in 2015. For wound recovery, diabetes and associated ulcers (such as diabetic foot ulcers, venous ulcers, and pressure ulcers), acute wounds, and surgical wounds need appropriate and intensive treatment. Disposable, standalone, and compact NPWT systems allow quicker and more efficient recovery from these conditions. In addition, incisions will usually drain infections in the major compartments and abscesses. Since incisions on the plantar surface heal slowly, a longer duration of immobilization is needed. This will increase demand for specialized wound care systems for drainage and quicker wound healing, which is expected to drive the global negative pressure wound therapy market.

Effective and intense care is needed for diabetes and ulcers like foot ulcers, venous ulcers, pressure ulcers, and wounds like traumatic and surgical to get a cure. A lengthy period of immobilization will be led by the plantar surface incisions that help in healing. Demand for managing wounds in advance by the drainage and quick in healing the wounds is stimulating and boosting the need for the negative pressure wound therapy devices.

Using simple single-use devices is predicted to grow opportunities for the market players during the forecast period. Hospitals based on the negative pressure wound therapy devices are increasing for delivering additional therapies like saline installation or irrigation by the continuous process. There are many developments in the usage of simple single-use devices for negative pressure wound therapy. Increasement of uptake by the negative pressure wound therapy devices is contributing to the new interventions.

MARKET RESTRAINTS:

However, high costs associated with the negative wound pressure therapy systems, the growing acceptance of disposable NPWT devices, and the development of other low-cost solutions for treating chronic and acute wounds limit market growth to some degree. In addition, poor penetration, uncertainties, and threats associated with the usage of negative pressure wound therapy devices and strict regulatory policies would pose additional challenges to the growth of the negative pressure wound therapy market.

Impact of COVID-19 on the global negative pressure wound therapy market:

Growth of the prevalence in the chronic stages of disease is accelerating the development of the COVID-19 pandemic. COVID-19 pandemic affects the global market in many ways, like affecting the economy of the markets and disruption of the supply chain within or out of the countries. The COVID-19 pandemic impacts the world market in various areas, including affecting market economies and disrupting supply chains within and outside of countries. COVID-19's exponential spread has had a significant effect on the global healthcare sector. In the first two quarters of 2020, the pandemic harmed production chains in various industries worldwide, resulting in decreased trading of various goods, including NPWT devices. Manufacturers of NPWT instruments all over the world have suffered as a result of this situation. This has slowed the demand for negative pressure wound treatment products ever further.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

Based Product Type, Wound Type, End-User, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This market research report on the global negative pressure wound therapy market has been segmented and sub-segmented based on product type, wound type, end-user, and region.

Negative Pressure Wound Therapy Market - By Product Type:

  • Conventional NPWT Devices
  • Single-use NPWT Devices
  • Accessories

During the forecast period, the traditional segment is predicted to lead the negative pressure wound therapy market. The higher acceptability of these instruments is majorly driving the growth, and these instruments are often used in hospitals and nursing homes. They are available from a variety of manufacturers.

Negative Pressure Wound Therapy Market - By Wound Type:

  • Surgical and Traumatic Wounds
  • Ulcers
    • Pressure Ulcers
    • Venous Ulcers
    • Diabetic Foot Ulcers
    • Other Ulcers
  • Burns

Based on the wound type, the surgical and traumatic wounds segment had accounted for most of the market share in 2019. The rising incidence of surgical and traumatic wounds and increased spending on chronic and surgical wounds can be attributed to this development.

Negative Pressure Wound Therapy Market - By End-User:

  • Hospitals
  • Home Care Settings
  • Other End Users

Based on the end-user, the hospital segment gained traction in the recent past and is forecasted to lead the market during the forecast period. The rising number of people visiting hospitals is a major factor for the segment to grow. In addition, home care settings are expected to have a significant growth rate in the coming years.

Negative Pressure Wound Therapy Market - By Country:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Regionally, North America is dominating the global negative pressure wound therapy market shares due to the increment numbers of the geriatric population and the prevalence of diabetes increasements. In addition, Well-developments in the health care sector and increasements of the occurring wounds are also propelling the demand. According to the National Diabetes reports, nearly 30.3 million Americans were diagnosed in 2017 with diabetes.  

As expected, the European region is holding the second spot globally for negative pressure wound therapy. However, the rising number of accidents, high diabetics cases, and healthcare infrastructure development are giving massive growth in the region. In the European Union, near 161 thousand people died in the accidents as per the Eurostat.

The APAC is registering the growth rate in the large size and fast as it is a large patient population of chronic diseases such as people with diabetes in India and China. As per the WHO (world health organization), more than one million people are burning moderately every year in India.

The Latin American market is projected to grow at a steady rate during the forecast period due to the improvements in the healthcare system and the number of wounds. In this regional market, the Brazilian market is predicted to dominate.

However, the Middle East and Africa are holding the market share at low levels. By owning the well-developed healthcare sector and government initiatives, initiatives are the major factors in this region.

KEY MARKET PARTICIPANTS:

Some of the companies that are playing a dominating role in the global NPWT market are Acelity, Smith & Nephew, Mölnlycke Health Care AB, Convatec Group, Cardinal Health, Paul Hartmann AG, Deroyal, Lohmann & Rauscher International, Medela, Genadyne Biotechnologies, Triage Meditech, Talley Group, Alleva Medical, Cork Medical, 4l Health, Carilex Medical, Chongqing Sunshine Medical Industry and Trading, Wuhan VSD Medical Science & Technology, Pensar Medical, and Haromed BVBA.

KEY MARKET HAPPENINGS:

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