05-Jul-2022

Negative Pressure Wound Therapy (NPWT) Market expanding at a 5.2% CAGR over the forecast period 2022-2032

FMI-a well-established name in the market research domain – forecasts that, the NPWT market was valued at US$ 5.9 Bn in 2021 and is expected to reach US$ 9.9 Bn by 2032, expanding at a 5.2% CAGR over the forecast period

Effectiveness of negative pressure wound therapy (NPWT) in treating acute and chronic wounds is a key factor driving its adoption across hospitals, clinics, and homecare settings.

The use of NPWT devices in managing closed incisions, where the risk of wound breakdown is higher, is also fuelling the growth of the negative pressure wound therapy market, especially in North America and Western Europe.

Development of safe and highly-effective negative pressure wound therapy devices has helped address concerns related to potential risks, leading to greater adoption across end-use sectors.

Decline in the number of adverse reaction and product recalls has led to increased confidence on the safe use of NWPT.

Key Takeaways of NPWT Market Study

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.

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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 the V.A.C.Via Therapy System, Prevena Incision Management System (Acelity), PICO (Smith and Nephew PLC.), AVELLE Negative Pressure Wound Therapy System (ConvaTec Inc.)

Negative Pressure Wound Therapy Market By Category

By Product Type:

Standalone NPWT Devices
- Direct Sales
- Rental Sales
  - Product
  - Services
Portable NPWT Devices
- Direct Sales
- Rental Sales
  - Product
  - Services
Single-Use NPWT Devices
- Direct Sales
- Rental Sales
  - Product
  - Services
NPWT Dressings
- Foam Dressings
- Hydrocolloid Dressings
- Standard Gauze Dressings
NPWT Accessories

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By Indication:

Diabetic Foot Ulcers
Pressure Ulcers
Venous Leg Ulcers
Post-Surgical Ulcers & Open Wound
Burn Wounds
Other Wounds

By End-User:

Hospitals
- Acute Care Centers
- Community Hospitals
Ambulatory Surgical Centers
Trauma Care Centers
Specialty Clinics
Home Care Settings
Long-Term Care Centers
Skilled Nursing Facilities

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

Future Market Insights (ESOMAR certified 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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Last Updated: 05-Jul-2022