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HEALTHCARE & PHARMACEUTICAL

Negative Pressure Wound Therapy (NPWT) Market Segmentation by Device Type (Conventional NPWT, and Single-Use NPWT); by Wound Type (Diabetic Wounds, Skin Burns, Pressure Ulcers, Surgical Wounds, and Venous Legs Wounds); and by End-User (Hospitals, Home-Care Settings, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • July 14, 2021: The Hartmann Group is collaborating with Allianz Arena to become an official hygiene partner for the 2021-2022 season.

  • October 27, 2020: Pensar Medical is introducing MicroDoc, which is the newest addition to its line of negative pressure wound therapy systems (NPWT), and claiming the device to be perfect for lower exuding wounds.

Global Negative Pressure Wound Therapy (NPWT) Market Highlights Over 2022 - 2031

The global negative pressure wound therapy (NPWT) market is estimated to garner ~6% CAGR over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the increasing prevalence of chronic wounds, such as, diabetic foot ulcers and venous legs wounds. Negative pressure wound therapy (NPWT) is a sealed system for wound care and is specifically indicated for acute complicated and persistent wounds. Moreover, the negative pressure wound therapy renders numerous benefits such as, earlier hospital discharge, fewer wound dressing changes, and less need for surgery. On the back of the myriad benefits of the NPWT method, the global negative pressure wound therapy (NPWT) market is expected to grow during the forecast period.  Furthermore, the data released by the World Health Organization states that about 422 million people have diabetes worldwide and it has been estimated diabetic foot ulcers would appear in 15% of the patients with diabetes. Negative pressure wound therapy is considered to be an efficient treatment for diabetic foot ulcers. Hence, on the back of the rising number of patients with diabetes the global negative pressure wound therapy (NPWT) market is estimated to grow during the forecast period. Moreover, the report published by National Center for Biotechnology Information claims that globally 310 million major surgeries are performed each year. Hence, the number of patients with surgical wounds is also prevailing. On the back of a rising number of patients with surgical wounds, the global negative pressure wound therapy (NPWT) market is expected to grow during the forecast period.

Negative Pressure Wound Therapy (NPWT) Market

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The market is segmented by wound type into diabetic wounds, skin burns, pressure ulcers, surgical wounds, and venous legs wounds. Out of which, the diabetic wound segment is anticipated to hold the largest share in the global negative pressure wound therapy (NPWT) market on account of the rising number of patients with diabetes.  Diabetic foot ulcers may appear in diabetic patients and negative pressure wound therapy (NPWT) is an efficient method to treat such wounds. Owing to this, the segment is estimated to witness remarkable growth during the forecast period.

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita, (USD), 2015-2018

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) Market Regional Synopsis

Regionally, the global negative pressure wound therapy (NPWT) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America region is estimated to witness modest growth over the forecast period on the back of the presence of well-established healthcare infrastructure. The data published by the Centers for Medicare & Medicaid Services, the United States government is spending USD 4.1 trillion or USD 12, 530 per person. On the back of the availability of ultra-modern infrastructure, new and advanced technologies such as negative pressure wound therapy (NPWT) would be adopted by health professionals. Furthermore, the report released by the National Center for Biotechnology Information that 2% of the total population is estimated to be affected by chronic wounds. On the back of the increasing number of patients with chronic diseases, the global negative pressure wound therapy (NPWT) market is estimated to grow during the forecast period.

Furthermore, global negative pressure wound therapy (NPWT) market in the Europe region is also estimated to witness significant growth during the forecast period on the back of the growing geriatric population. According to the report published by Eurostat, 19.2% of the total population in the Europe region is aged 65 years or above.

Negative Pressure Wound Therapy (NPWT) Market Share

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The global negative pressure wound therapy (NPWT) 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 the 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) market includes the following segments  

By Device Type

  • Conventional NPWT
  • Single-Use NPWT

By Wound Type  

  • Diabetic Wounds
  • Skin Burns
  • Pressure Ulcers
  • Surgical Wounds
  • Venous Legs Wounds

By End-User

  • Hospital Setting
  • Homecare Setting
  • Others

Growth Drivers  

  • Growing Number of Patients with Chronic Wounds
  • Rising Patients with Diabetic Foot Ulcer

Challenges 

  • Complications Associated with the Therapy

Top Featured Companies Dominating the Market 

  • Smith & Nephew plc
    • Company Overview 
    • Business Strategy 
    • Key Product Offerings 
    • Financial Performance 
    • Key Performance Indicators 
    • Risk Analysis 
    • Recent Development 
    • Regional Presence 
    • SWOT Analysis 
  • Convatec Group plc
  • Molnlycke Health Care AB
  • Talley Group Ltd.
  • Paul Hartmann AG
  • Lohmann & Rauscher GmbH & Co. KG
  • Alleva Medical Ltd.
  • Carilex Medical Group
  • Pensar Medical, LLC
  • Haromed bvba

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