In 2015, the global market for negative pressure wound therapy was worth more than USD 1.9 billion. This market is expected to grow steadily over the forecast period. The market for negative pressure wound treatment (NPWT), is expected to grow in the years 2016-2025 due to the rising demand for advanced wound care.
In the field of wound management, single-use NPWT devices have more traction than conventional products. Smith & Nephew, for example, introduced a single-use NPWT called PICO that has been widely accepted. Industry demand is expected to be affected by the rising prevalence of chronic diseases such as diabetes. This is due to the fact that complications like diabetic foot ulcers are common in diabetes.
China NPWT market according to wound type, 2014-2025 (USD million)
According to estimates, the incidence of diabetes ulcer in the U.S. is 2% per year. This will support the growth of this market. Additionally, trauma events are increasing in Asia Pacific. Burns can cause complete destruction of the skin, drying the wound bed. The market for wound therapy products and services is expected to grow as a result of the increasing number of traumatic wounds.
The market for negative pressure wound therapy has been divided into hospitals, homecare and other uses. The fact that traditional devices are commonly used in hospitals explains why the hospital segment dominated the NPWT industry in 2015.
The fastest-growing segment is expected to be homecare, with the highest projected CAGR during the forecast period. Single-use NPWT systems are making it easier to provide NPWT therapy in homecare settings. These products reduce the need to go to the hospital and make the therapy more cost-effective by being used at home.
The negative pressure wound treatment vertical can be divided into single-use and conventional NPWT devices based on product type. Due to their high usage rate and price, the majority of 2015's market share was for conventional devices. These systems are best for hospitals and require heavy canisters. They are not suitable to be used in homecare settings. You can rent these devices or purchase them. This will increase the NPWT's usage in developing countries due to its low purchasing power.
Market share for negative pressure wound therapy worldwide, by product, 2015.
The single-use segment of NPWT devices is expected to grow at an impressive CAGR during the forecast period. They are widely used in homecare settings and have prompted many companies to increase their cost-effectiveness. This has been a major advantage for single-use devices of NPWT in developing countries.
This segment includes diabetic foot ulcers and pressure ulcers. Venous leg ulcers can also be included. Burn wounds can also be classified under this category. The largest segment for revenue was Diabetic Foot Ulcers in 2015. This is due to the high success rate of NPWT and the high prevalence of diabetes. Diabetic foot ulcers, the most common type of chronic wounds, are treated with NPWT to speed up healing.
Pressure ulcers will see the highest CAGR during the forecast period. This growth can be attributed to its increasing use in treating pressure wounds like bedsores. Other wound types include surgical wounds and arterial ulcers.
North America accounted for the largest market share in NPWT in 2015. This is due to its high healthcare spending and well-developed healthcare infrastructure. This has resulted in a greater use of NPWT devices both in hospitals and at home.
Over the forecast period, Asia Pacific will experience a lucrative CAGR. This is due to an increase in traumatic events (e.g burn), which is driving the demand for therapy services in the region.
Acelity L.P. Inc., Talley Group Limited, Devon Medical Products, Devon Medical Products, Molnlycke Health Care, Medela, DeRoyal Industries, Inc., ConvaTec, Inc., Cardinal Health, Inc., and Paul Hartmann AG are some of the key players in this market.
These companies are now focusing on acquisitions, mergers, product development, and strategic collaboration strategies. Acelity, for example, entered into a partnership with Mediq in 2016 with the aim of distributing its products in advanced wound therapy and regenerative medicine in Finland and Denmark, Sweden and Norway. ConvaTec also launched Avelle NPWT System UK in 2016. These technologies are leading edge and are expected to support market growth over the long-term.
This report provides a forecast of revenue growth at the global, regional and country levels. It also analyzes the most recent trends and opportunities in each sub-segment from 2014 through 2025. Up Market Research segmented the global market for negative pressure wound therapy based on product, type of wound, and location.
Global Product Outlook (Revenue USD Million; 2014-2025)
Conventional NPWT
Single-use NPWT
Global Type Outlook (Revenue USD Million; 2014-2025)
Diabetic foot ulcers
Venous leg ulcers
Pressure Ulcers
Burn Wounds
Other
Global End-Use Outlook (Revenue USD Million; 2014-2025)
Hospitals
Homecare
Other
Regional Outlook (Revenue USD Million; 2014-2025)
North America
U.S.
Canada
Europe
Germany
UK
Asia Pacific
China
India
Latin America
Brazil
Mexico
MEA
South Africa
Up Market Research published a new report titled “Negative Pressure Wound Therapy Market research report which is segmented by Product (Single-Use, Conventional), by Wound Type (Pressure Ulcers, Diabetic Foot Ulcers, Burn Wounds, Venous Leg Ulcers), By Players/Companies Inc; ConvaTec, Acelity LP Inc; Talley Group Limited; Nephew plc, Devon Medical Products; M¶lnlycke Health Care; Medela; DeRoyal Industries, Inc; and Paul Hartmann AG among others, Inc; Cardinal Health”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Negative Pressure Wound Therapy Market Research Report |
By Product | Single-Use, Conventional |
By Wound Type | Pressure Ulcers, Diabetic Foot Ulcers, Burn Wounds, Venous Leg Ulcers |
By Companies | Inc; ConvaTec, Acelity LP Inc; Talley Group Limited; Nephew plc, Devon Medical Products; M¶lnlycke Health Care; Medela; DeRoyal Industries, Inc; and Paul Hartmann AG among others, Inc; Cardinal Health |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 244 |
Number of Tables & Figures | 171 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Single-Use, Conventional), by Wound Type (Pressure Ulcers, Diabetic Foot Ulcers, Burn Wounds, Venous Leg Ulcers).
Negative Pressure Wound Therapy Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Negative Pressure Wound Therapy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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