USD 3.2 billion
Report ID:
SQMIG35A2235 |
Region:
Global |
Published Date: February, 2025
Pages:
219
|Tables:
64
|Figures:
75
Negative Pressure Wound Therapy Market size was valued at USD 3.2 billion in 2023 and is poised to grow from USD 3.42 billion in 2024 to USD 5.83 billion by 2032, growing at a CAGR of 6.9% during the forecast period (2025-2032).
Negative pressure wound therapy (NPWT), known also as vacuum-assisted wound closure uses negative pressure or suction to help to heal a wound. NPWT is utilized for diverse wound types, including diabetes foot ulcers, venous or arterial ulcers, surgical wounds, pressure ulcer and burn wound. It promotes speeding up the healing process through various mechanisms such as driving out excess fluid, promoting hyperemia, stimulating granulation tissue production, decreasing edema, and contracting wounds.
Some of the factors contributing to this negative pressure wound therapy market growth include an increase in the prevalence of diabetes and chronic wounds, geriatric population, supportive reimbursement policies and a large incidence of obesity and associated comorbidities. Technological advancements in negative pressure wound therapy devices and emerging economies are further expected to create lucrative growth opportunities for the market during the forecast period. On the other hand, high cost of NPWT devices and potential complications by its use are anticipated to inhibit the market growth during the forecast period. Also, the lack of awareness and training among healthcare professionals and discomfort due to which the patients do not follow up with the treatment is one of the major hindrance to growth of market.
Market snapshot - 2025-2032
Global Market Size
USD 3.2 billion
Largest Segment
Chronic Wound
Fastest Growth
Acute Wound
Growth Rate
6.9% CAGR
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Global Negative Pressure Wound Therapy Market is segmented by Product Type, Wound Type, End User, Distribution Channel, Application and region. Based on Product Type, the market is segmented into Stand-Alone, Portable and Disposable. Based on Wound Type, the market is segmented into Surgical Wound, Diabetic Ulcers, Burn, Pressure Ulcers, Venous Ulcers and Others. Based on End User, the market is segmented into Hospitals, Wound Care Centers, Ambulatory Centers, Home Healthcare, Clinics and Community Centers. Based on Distribution Channel, the market is segmented into Direct Tenders and Retail. Based on Application, the market is segmented into Chronic Wounds and Acute Wounds. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The market has been categorized on the basis of product into conventional NPWT devices, single-use NPWT devices and Others. In 2023, the conventional segment dominated in terms of negative pressure wound therapy market share. These are due to their expensive pricing and growing adoption around the globe. Traditional NPWT apparatus minimizes the length of stay in hospital for patients, so reducing the overall cost of treatment and favoring the appropriation over single use of this device. Additionally, the unit is available for rent and purchase, which will increase the adoption rate of conventional NPWT in low-income countries with low purchasing power and thus boost segment growth.
The Single-use NPWT devices segment is expected to witness the fastest growth over the forecast period. This is largely due to the large amenability of home care, which has incentivized major companies to emphasize increasing their cost-effectiveness. sNPWT yielded an estimated cost per patient of USD 19,986 vs. SC costs of USD 20,572 (based on National Center for Biotechnology Information [NCBI] calculations). The mentioned cost-effectiveness has provided an additional benefit of single-use NPWT devices in developing countries, and these drivers are fueling the growth of the segment.
According to negative pressure wound therapy market analysis, chronic wounds segment is dominating the market with the largest market share in 2023. The constant rise in the geriatric population along with the prevalence of diabetic foot ulcers, venous pressure ulcer which is increasing rapidly will attribute to segment growth. According to the data published by Wound Care Advantage, in May of 2023 approximately 8.2 million people who are over age 65 and above incurred complex or chronic wounds in America. As a result, the growth of segment is expected at due to increased chronic wounds among geriatric population in the forecast period.
The acute wounds segment is witnessing the fastest growth during the forecast period with an increasing negative pressure wound therapy market size. The high number of burn wounds especially in developing economies, increasing demand for cosmetic improvements owing to the obesity epidemic and social media exposure, prevalence & awareness of SSIs and growing surgical interventions for wound conditions is one of the prominent factors propelling the growth of segment. As was reported in March 2023, almost half a million (470.00) individuals have burn injury every year in America according to data published by Rosenfeld Injury Lawyers. These are the factors which are accelerating this segment growth.
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In 2023, the largest negative pressure wound therapy market share was held by North America. The increasing incidence of road accidents and sporting injuries, coupled with the presence of a number of key players in this region is expected to boost North America market. To gain a significant share of the market, the region is consistently introducing cost-effective & advanced devices for the patients in development. Moreover, increasing number of hospitals and rising geriatric pool are few factors that will accelerate the regional negative pressure wound therapy market growth. The increasing rate of chronic wounds in United States and the growing older population in U.S. are some major factors driving growth of the market during the forecast period.
The fastest growing region over the forecast period is expected to be Asia Pacific owing to the increasing target population base with growing chronic diseases, rising need of medical equipment by patients and growing supportive government initiatives. Moreover, faster growth of medical tourism in these economies which is due to rise in demand for NPWT in this period together with significant improvements in the healthcare infrastructure will help drive the regional market growth. The Asia Pacific market consists of the largest share that is held by China. According to the report by The National Library of Medicine, in China, the percentage of elderly has been increased which fueling to a global demographic transition leading to an ageing society.
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Rising Reported Cases of Chronic Disease Globally
Adoption of Advanced Technology to Develop Superior Products and Solutions
High Price to Restrict Market Expansion
Lack of Reimbursement of Insurance Coverage
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The market competition of the negative pressure wound therapy market is moderately high. Important factors such as global ageing, increases in chronic diseases, and advances in NPWT devices Market dynamics are also influenced by regulations and reimbursement policies along with increasing trend towards home healthcare. There is a considerable amount of innovation occurring here in the market, given ongoing and rapid technology advancements and increasing adoption of advanced products among negative pressure wound therapy industry leaders. The market is aided by the fact that companies are making heavy investments on these advanced technologies, granting them a competitive edge. With single-use systems, wireless remote monitoring, and increased patient mobility, these latest NPWT devices have been developed to create more effective and efficient solutions for wound healing.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, some of the key factors driving growth in demand for negative pressure wound therapy include increasing number of surgeries due to rising prevalence of surgical site infections, and increasing incidence of chronic wounds. Furthermore, availability of advanced NPWT devices due to the heavy investments made by market players is expected to drive negative pressure wound therapy devices market growth during the forecast period as these firms have robust distribution network in developing countries. Availability of other alternatives at lower cost for the treatment of chronic or acute wounds in the market can prevent adopting NPWT devices, which eventually limit the growth of negative pressure wound therapy market over a period.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.2 billion |
Market size value in 2032 | USD 5.83 billion |
Growth Rate | 6.9% |
Base year | 2024 |
Forecast period | 2025-2032 |
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 |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Negative Pressure Wound Therapy 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 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 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 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.
Negative Pressure Wound Therapy Market size was valued at USD 2.51 Billion in 2023 and is poised to grow from USD 2.68 Billion in 2024 to USD 4.54 Billion by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).
The market competition of the negative pressure wound therapy market is moderately high. Important factors such as global ageing, increases in chronic diseases, and advances in NPWT devices Market dynamics are also influenced by regulations and reimbursement policies along with increasing trend towards home healthcare. There is a considerable amount of innovation occurring here in the market, given ongoing and rapid technology advancements and increasing adoption of advanced products among negative pressure wound therapy industry leaders. The market is aided by the fact that companies are making heavy investments on these advanced technologies, granting them a competitive edge. With single-use systems, wireless remote monitoring, and increased patient mobility, these latest NPWT devices have been developed to create more effective and efficient solutions for wound healing. 'Smith & Nephew plc (UK)', 'Mölnlycke Health Care AB (Sweden)', 'ConvaTec Group plc (UK)', 'Cardinal Health, Inc. (US)', 'Talley Group Limited (US)', 'Medela AG (Switzerland)', 'Paul Hartmann AG (Germany)', 'Acelity L.P. Inc. (US)', 'Lohmann & Rauscher International GmbH & Co. KG (Germany)', '3M Company (US)', 'Medline Industries, Inc. (US)', 'Coloplast A/S (Denmark)', 'Zimmer Biomet Holdings, Inc. (US)', 'Genadyne Biotechnologies, Inc. (US)', 'DeRoyal Industries, Inc. (US)', 'Mölnlycke Health Care AB (Sweden)', 'Talley Group Limited (US)', 'Medela AG (Switzerland)', 'Cardinal Health, Inc. (US)', 'ConvaTec Group plc (UK)'
The chronic diseases, like diabetes is increasing worldwide will be presenting a big percentage of patients with its comorbidity diabetic foot ulcers. Moreover, the increasing geriatric population suffering from various diseases and ailments is going to comprise of less mobile elderly patient. These trends are projected to drive the demand for negative pressure wound therapy market.
Development of User Friendly and Portable Solutions: One of the opportunistic factors that are expected to drive growth of the NPWT market at global level is increasing focus on ambulatory care as well as development of portable and easy-to-use NPWT devices. As evidenced by the growing focus on patient-centricity and cost-effectiveness across healthcare systems worldwide, there is an emerging trend toward shifting care away from traditional inpatient settings and into outpatient or home-based environments.
In 2023, the largest negative pressure wound therapy market share was held by North America. The increasing incidence of road accidents and sporting injuries, coupled with the presence of a number of key players in this region is expected to boost North America market. To gain a significant share of the market, the region is consistently introducing cost-effective & advanced devices for the patients in development. Moreover, increasing number of hospitals and rising geriatric pool are few factors that will accelerate the regional negative pressure wound therapy market growth. The increasing rate of chronic wounds in United States and the growing older population in U.S. are some major factors driving growth of the market during the forecast period.
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