Negative-pressure Wound Therapy (NPWT) Devices Market Size & Share, by Devices Type (Conventional NPWT Devices, Single Use NPWT Devices, Portable Devices, Accessories); Wound Type (Chronic, Acute); Application (Burn Wounds, Surgical Wounds, Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers); End-user (Hospitals & Clinics, Ambulatory Surgery Centers, Home Care Settings) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2031

  • Report ID: 179
  • Published Date: Feb 14, 2023
  • Report Format: PDF, PPT

Global Negative-pressure Wound Therapy (NPWT) Devices Market Size, Forecast, and Trend Highlights Over 2022 - 2031

Negative-pressure Wound Therapy Devices Market Region Table

The global negative-pressure wound therapy (NPWT) devices market is estimated to garner a revenue of ~USD 6 Billion by the end of 2031 by growing at a CAGR of ~7% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of ~USD 3 Billion in the year 2021. The growth of the market is primarily attributed to worldwide increasing prevalence of acute and chronic wounds. For instance, around 4% of all patients in hospitals throughout the world have a chronic wound. In most cases 70% of these wounds resurface, and 34% caused by infection.

Negative-pressure Wound Therapy Devices Market overview

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Negative pressure wound therapy, also referred as vacuum aided wound closure, is used for wound healing and fluid removal from the site of an open wound. NPWT is a non-invasive procedure that employs controlled negative pressure. These devices are frequently used in the treatment of diabetic foot ulcers, venous leg ulcers, and surgical wounds. Thus growing number of surgeries are fueling up the growth of the market in the forecast period. For instance, every year, approximately 315 million major surgeries are performed worldwide, out of which, 40 to 51 million in the United States and 21 million in Europe.

Global Negative-pressure Wound Therapy (NPWT) Devices Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Cases of Burns – Burn injury is a worldwide health concern largely caused by heat or radiation, radioactivity, abrasion, electricity, or chemical contact. As per the World Health Organization report, burns are accountable for approximately 180 000 deaths each year.

  • Rise in Diabetes Cases - Diabetes is a metabolic disorder characterized by high blood sugar levels. Diabetes-related high blood sugar leads to harm nerves, eyes, kidneys, and other organs of body if left untreated. Worldwide growing cases of diabetes are resulting in sores that do not heal properly. For instance, there are 422 million diabetics in the world, and diabetes is primarily responsible for 1.5 million deaths yearly.

  • Global Upsurge in Venous Leg Ulcers - Venous leg ulcers occur as a result of high blood pressure in veins of lower leg. If left untreated, additional pressure and excess fluid in the affected area lead to the formation of an open sore. Such ulcers are chronic (long-lasting) sores which mostly occurs in old population that need required treatment on time. In the United States and Europe, it is estimated that 1 to 4% of the elderly population is affected by venous leg ulcers.

  • Expansion of Geriatric Population - The risk of certain medical conditions is heavily influenced by age and lifestyle. Elderly individuals frequently face a variety of health issues that significantly affect their overall quality of life. As per the World Health Organization (WHO), in 2019, there were around 1 billion people aged 60 and older. This figure is expected to rise nearly 1.4 billion by 2030 and 2.1 billion by 2050.

  • Growing Prevalence of Post-Surgical Wounds – The chances of a patient getting an infection at the surgical site after surgery are figured to be between 2% and 7%, and the same type of infection is noticed to gross above 19% in the case of contaminated wounds.

Challenges

  • High Prices of the NPWT Devices
  • Partial Awareness About the NPWT Devices
  • High Cost of Treatment

The global negative-pressure wound therapy (NPWT) devices market is segmented and analyzed for demand and supply by application into burn wounds, surgical wounds, diabetic foot ulcers, pressure ulcers, venous leg ulcers, and others, out of which, the diabetic foot ulcers segment is anticipated to significantly grow over the forecast period owing to the globally increasing prevalence of diabetic foot ulcers. For instance, the global annual incidence of diabetic foot ulcers ranges from 9 to 25 million.

Major Macro-Economic Indicators Impacting the Market Growth

Negative-pressure Wound Therapy Devices Market Region Chart

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Negative-pressure Wound Therapy (NPWT) Devices Market Regional Synopsis

Regionally, the global negative-pressure wound therapy (NPWT) devices market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2031 backed by rise in occurrence of diabetic foot ulcers, venous leg ulcers, and pressure ulcers with the increase in geriatric population, increasing healthcare expenditure, and expanding research and development (R&D) activities in the region. According to the Centers for Medicare & Medicaid Services, national health expenditure is expected to rise by 5.1% per year from 2021 to 2030, reaching nearly USD 6.8 trillion.

Negative-pressure Wound Therapy Devices Market Regional Synopsis

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The global negative-pressure wound therapy (NPWT) devices market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global negative-pressure wound therapy (NPWT) devices market includes the following segments:

By Devices Type

  • Conventional NPWT Devices
  • Single Use NPWT Devices
  • Portable Devices
  • Accessories

By Wound Type

  • Chronic
  • Acute

By Application

  • Burn Wounds
  • Surgical Wounds
  • Diabetic Foot Ulcers
  • Pressure Ulcers
  • Venous Leg Ulcers
  • Others

By End-User

  • Hospitals & Clinics
  • Ambulatory Surgery Centers
  • Home Care Settings

 

Top Featured Companies Dominating the Global Negative-pressure Wound Therapy (NPWT) Devices Market

  • Smith & Nephew, PLC.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Acelity L.P., Inc.
  • Cardinal Health
  • DeRoyal Industries, Inc.
  • Genadyne Biotechnologies, Inc.
  • Medela, LLC.
  • ConvaTec, Inc.
  • ATMOS MedizinTechnik, GmbH & Co. KG
  • Talley Group Ltd
  • PAUL HARTMANN


In-the-news

In the News

  • 2nd November, 2021: Medela LLC, patented Intelligent Pressure Control and Dynamic Exudate Removal Technology has proved its clinical effectiveness. Medela Invia LibertyTM Negative Pressure Wound Therapy (NPWT) System outperforms other multi-lumen NPWT systems available in the market.

  • 3rd March, 2020: Smith & Nephew PLC, launched the new PICO 14 Single Use Negative Pressure Wound Therapy System (sNPWT) which has a pump duration of up to 14 days.


Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 179
  • Published Date: Feb 14, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing cases of burns, rise in diabetes cases, expansion of geriatric population, and growing prevalence of post-surgical wounds are some major factors driving the growth of the market.

The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2022 – 2031.

High prices of the NPWT devices, partial awareness about the NPWT devices, and high cost of treatment are estimated to hamper the market growth.

The market in North America is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.

The major players in the market are Smith & Nephew, PLC, Acelity L.P., Inc., Cardinal Health, DeRoyal Industries Inc., Genadyne Biotechnologies, Inc., Medela, LLC., ConvaTec, Inc., ATMOS MedizinTechnik, GmbH & Co. KG, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by device type, wound type, end-user, and by region.

The diabetic foot ulcers segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
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