USD 2.35 Billion
Global Negative Pressure Wound Therapy Market Size, Share, Growth Analysis, By Product(Conventional NPWT, and Single-use NPWT), By Type(Diabetic Foot Ulcers, Venous Leg Ulcers) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2235 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
64 |
Figures:
75
Global Negative Pressure Wound Therapy Market Insights
Global Negative Pressure Wound Therapy Market size was valued at USD 2.35 Billion in 2022 and is poised to grow from USD 2.51 Billion in 2023 to USD 4.25 Billion by 2031, at a CAGR of 6.8% during the forecast period (2024-2031).
The major driving factors behind the growth of the negative pressure wound therapy market is the increasing prevalence of chronic wounds, such as diabetic foot ulcers and venous leg ulcers, which require advanced wound care management. The market also faces certain restraining factors. High costs associated with negative pressure wound therapy devices and treatments can limit their adoption, particularly in developing regions. Challenges in the negative pressure wound therapy market include the risk of complications, such as bleeding and infection, which may arise if the therapy is not appropriately applied or monitored. The global negative pressure wound therapy market plays a vital role in advanced wound care management. While driving factors such as the increasing prevalence of chronic wounds fuel market growth, challenges such as high costs and the need for skilled healthcare professionals pose hurdles. opportunities exist in the form of technological advancements and the growing demand for home-based healthcare solutions. The market continues to evolve, providing innovative solutions to enhance wound healing and improve patient outcomes.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Conventional NPWT
Fastest Growth
Single-use NPWT
Growth Rate
6.8% CAGR
Global Negative Pressure Wound Therapy Market ($ Bn)
Country Share for North America Region (%)
Global Negative Pressure Wound Therapy Market Size By Product (%)
Global Negative Pressure Wound Therapy Market Size By Product (%)
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Global Negative Pressure Wound Therapy Market Segmental Analysis
The global negative pressure wound therapy market is segmented on the product, type, and region. Based on product, the market is segmented into conventional NPWT, single-use NPWT. In terms of type, the market is segmented into Diabetic Foot Ulcers, Venous Leg Ulcers, Pressure Ulcers, Burn Wounds, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Negative Pressure Wound Therapy Market Analysis by Product
In 2022, The largest revenue share within the negative pressure wound therapy (NPWT) market was attributed to the conventional devices segment, accounting for 88.0%. The high price and increasing adoption of these devices contributed to their dominance. However, it should be noted that conventional NPWT systems require hospital admission and are not suitable for homecare settings due to their heavy canisters. These devices can be rented or purchased, which is expected to drive their usage rate in developing countries with lower purchasing power.
The single-use NPWT devices segment is projected to experience significant growth during the forecast period. This can be attributed to their broad applicability in homecare settings, prompting major companies to focus on enhancing their cost-effectiveness. The affordability factor associated with single-use NPWT devices becomes particularly advantageous in developing countries. By emphasizing their cost-effectiveness, these devices have gained traction and are expected to witness a lucrative compound annual growth rate.
Global Negative Pressure Wound Therapy Market Analysis by Type
In 2022, The pressure ulcer segment emerged as the dominant segment in the negative pressure wound therapy (NPWT) market, accounting for the largest revenue share of 31.3%. This can be attributed to the longer treatment duration associated with pressure ulcers. Patients with pressure ulcers often require extended hospital stays, resulting in increased hospital costs. The emerging application of NPWT in treating pressure wounds, such as bedsores, has contributed to the growth of this segment.
The diabetic foot ulcers segment is expected to witness the highest compound annual growth rate during the forecast period. This growth can be attributed to the high success rate of NPWT in treating diabetic foot ulcers, coupled with the high prevalence of diabetes globally. Diabetic foot ulcers are among the most common types of chronic wounds, and NPWT has shown effectiveness in expediting the healing process for such wounds. Other types that fall within the NPWT market include arterial ulcers and surgical wounds, among others. These segments contribute to the overall market dynamics, although the pressure ulcer and diabetic foot ulcers segments hold significant prominence in terms of revenue and growth potential.
Global Negative Pressure Wound Therapy Market Size By Product, 2023 (%)
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Global Negative Pressure Wound Therapy Market Regional Insights
North America emerged as the dominating region in the global negative pressure wound therapy market. This can be attributed to several factors, including the presence of well-established healthcare infrastructure, advanced wound care facilities, and a high prevalence of chronic wounds in the region. Additionally, favorable reimbursement policies and increased adoption of technologically advanced medical devices further contribute to the market dominance of North America.
Asia Pacific is expected to witness the fastest growth in the negative pressure wound therapy market during the forecast period. The region's growth can be attributed to various factors, including the increasing geriatric population, rising prevalence of chronic diseases such as diabetes, improving healthcare infrastructure, and growing awareness about advanced wound care management. Additionally, the economic development in countries like China and India has led to increased healthcare spending, driving the adoption of advanced wound care technologies, including negative pressure wound therapy.
Global Negative Pressure Wound Therapy Market Size By Region, 2024-2031
- Largest
- Fastest
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Global Negative Pressure Wound Therapy Market Dynamics
Global Negative Pressure Wound Therapy Market Drivers
Rising Prevalence of Chronic Wounds
- The increasing prevalence of chronic wounds, such as diabetic foot ulcers and pressure ulcers, is a major driver for the negative pressure wound therapy market. Factors such as the aging population, growing incidence of diabetes, and higher rates of obesity contribute to the demand for advanced wound care management solutions.
Technological Advancements
- Continuous technological advancements in negative pressure wound therapy devices drive market growth. Innovations such as smart dressings, improved control systems, and enhanced patient monitoring capabilities improve treatment outcomes and patient experience, thereby increasing the adoption of negative pressure wound therapy.
Global Negative Pressure Wound Therapy Market Restraints
High Cost of Devices and Treatments
- The high cost associated with negative pressure wound therapy devices and treatments can be a significant restraint, particularly in developing regions with limited healthcare budgets. The affordability factor poses challenges for widespread adoption, hindering market growth to some extent.
Lack of Skilled Healthcare Professionals
- The successful implementation of negative pressure wound therapy requires skilled healthcare professionals who can properly administer and monitor the therapy. However, the shortage of such professionals in certain regions may limit the widespread adoption of the technology.
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Global Negative Pressure Wound Therapy Market Competitive Landscape
The global negative pressure wound therapy market is characterized by the presence of several key players who are actively involved in product development, partnerships, collaborations, and mergers and acquisitions to maintain their market position. These companies focus on introducing innovative and technologically advanced products to gain a competitive edge. Key players compete based on factors such as product quality, reliability, brand reputation, pricing strategies, distribution networks, and customer support. They also strive to maintain regulatory compliance and adhere to quality standards to ensure patient safety. To gain a competitive advantage, companies in the market focus on research and development activities to introduce innovative products with enhanced features and improved patient outcomes. They also engage in strategic collaborations with healthcare providers and research institutions to conduct clinical trials and gather real-world evidence supporting the efficacy of their products.
Top Player’s Company Profiles in Global Negative Pressure Wound Therapy Market
- 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)
Global Negative Pressure Wound Therapy Market Recent Developments
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In March 2024, ExtriCARE USA, a leader in advanced wound care solutions, announced the launch of the ExtriCARE 1000 Negative Pressure Wound Therapy (NPWT) System. This novel device ushers in a new era for NPWT, combining lightweight design with powerful functionality to meet the diverse needs of patients and healthcare providers.
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In February 2024, All India Institute of Medical Sciences (AIIMS), with the support of its school of international biodesign, developed a wound healing device for early healing that also reduces the chances of infection among patients with large wounds.
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In November 2023, Medela announced that it will transition its wound care business into a separate global business. The new standalone wound care company will continue to provide wound care solutions powered by Medela’s medical vacuum technology, including its negative pressure wound therapy line of products and services. It will also incorporate the latest technology from medaxis, a Swiss med-tech company that is part of Olle Larsson Holding.
Global Negative Pressure Wound Therapy Key Market Trends
- Increasing Focus on Home Healthcare: There is a growing trend towards home-based healthcare, including negative pressure wound therapy. The ability to receive effective wound care management in the comfort of their own homes is gaining importance, leading to the development of portable and user-friendly negative pressure devices suitable for homecare settings.
- Growing Emphasis on Telemedicine: Telemedicine and remote monitoring technologies have gained prominence, especially in the context of wound care management. The integration of negative pressure wound therapy with telemedicine allows healthcare providers to remotely monitor patient progress, provide guidance, and make timely interventions, improving patient outcomes.
Global Negative Pressure Wound Therapy Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global negative pressure wound therapy market analysis, this therapy involves the use of specialized devices that create a vacuum or suction effect on wounds. This helps in removing excess fluid, promoting blood circulation, reducing swelling, and accelerating the healing process. These devices are used in various healthcare settings, including hospitals, clinics, and homecare. The market for negative pressure wound therapy is driven by several factors. The key drivers are the increasing prevalence of chronic wounds, such as diabetic foot ulcers and pressure ulcers, which require effective wound management solutions. The market presents significant opportunities. The increasing focus on home healthcare and the integration of telemedicine with negative pressure wound therapy are creating avenues for growth. Home-based wound care and remote monitoring allow patients to receive effective treatment in the comfort of their own homes, while healthcare providers can monitor progress and provide guidance through telemedicine platforms. The global negative pressure wound therapy market is driven by the rising prevalence of chronic wounds and technological advancements. challenges such as cost and the need for skilled professionals exist. Nonetheless, the market offers opportunities through the focus on home healthcare and telemedicine integration.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.35 Billion |
| Market size value in 2031 | USD 4.25 Billion |
| Growth Rate | 6.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 Global Negative Pressure Wound Therapy 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 Global Negative Pressure Wound Therapy 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 Global 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 Global 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 Global 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 Global 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.
Global Negative Pressure Wound Therapy Market Report Snapshots
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