Global Negative Pressure Wound Therapy Devices Market Segmentation, By Product Type (Stand-Alone, Portable, Disposable), Wound Type (Surgical Wound, Diabetic Ulcers, Burn, Pressure Ulcers, Venous Ulcers, Others), End User (Hospitals, Wound Care Centers, Ambulatory Centers, Home Healthcare, Clinics, Community Centers), Distribution Channel (Direct Tenders, Retail), Application (Chronic Wounds, Acute Wounds) – Industry Trends and Forecast to 2031.
Negative Pressure Wound Therapy Devices Market Analysis
According to the WHO, In 2020, more than 96% of fatal fire-related burns in LMICs resulted in increased demand for NPWT devices. Burns are becoming more common, which is fueling demand for NPWT devices around the world. Moreover, the incidences of various chronic or surgical wounds worldwide lead to accelerated demand for negative pressure wound therapy. The market is projected to show immense growth over the forecasted period.
Negative Pressure Wound Therapy Devices Market Size
Global Negative Pressure Wound Therapy Devices Market size was valued at USD 2.89 billion in 2023 and is projected to reach USD 4.83 billion by 2031, with a CAGR of 6.60% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Negative Pressure Wound Therapy Devices Key Market Insights
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Segmentation
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By Product Type: Stand-Alone, Portable, Disposable
By Wound Type: Surgical Wound, Diabetic Ulcers, Burn, Pressure Ulcers, Venous Ulcers, Others
By End User: Hospitals, Wound Care Centers, Ambulatory Centers, Home Healthcare, Clinics, Community Centers
By Distribution Channel: Direct Tenders, Retail
By Application: Chronic Wounds, Acute Wounds
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
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Key Market Players
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3M (U.S), Smith+Nephew (UK), Mölnlycke Healthcare AB (Sweden), ConvaTec Group Plc (UK), Cardinal Health (US), Paul Hartmann AG (Germany), DeRoyal Industries Inc., (U.S), Lohmann & Rauscher GmbH & Co. KG (Germany), Medela AG (Switzerland), Genadyne, (U.S), Triage Meditech Pvt. Ltd. (India), Talley Group Ltd., (UK), Alleva Medical (China), Cork Medical, LLC (U.S), 4L Health Co. Ltd. (China), Carilex Medical (Germany), Pensar Medical, LLC., (US), and Haromed (Belgium)
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Negative Pressure Wound Therapy Devices Market Definition
Negative pressure wound therapy (NPWT), also known as vacuum-assisted wound closure, refers to wound dressing systems that supply sub-atmospheric pressure to the system that gives positive pressure to the wound's surface on an intermittent or continuous basis. They treat wounds using negative pressure. A pump is included in these devices, and it is responsible for creating negative pressure around a wound. Canisters are also included in the device, used to collect exudate material from a wound.
Negative Pressure Wound Therapy Devices Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increasing Health Issues To Drive Adoption
The growing incidences of various chronic wounds (such as venous ulcers, diabetic foot ulcers, and pressure ulcers) and the surgical wounds are the most significant factors estimated to drive the growth for this market. Moreover, the factors such as the rising prevalence of diabetes, surge in number of casualties due to accidents and traumas, high burn cases, the high rate of cesarean sections in elderly mothers are also expected to accelerate the overall growth of the market.
Furthermore, the increasing sale of disposables and single-use consumables along with the suitable reimbursement are also expected to fuel market growth. Moreover, the rising awareness among the patients and doctors regarding the wounds also cushions the market’s growth within the forecasted period. The availability of novel and advanced negative pressure wound therapy devices, which are patient-friendly and easy to use, is also projected to bolster the market's growth.
Opportunities
- Growing Investments and Advancements
Moreover, the increasing development potential in the advancing countries and modernization in the healthcare industry coupled with the significant unmet needs in wound care field are estimated to generate lucrative opportunities for the market. Additionally, various determinants such as increase in focus on advancements of treatment protocols and high market potential in untapped emerging economies will further offer numerous growth opportunities for the negative pressure wound therapy devices market.
Restraints/Challenges
- High Costs of Diagnosis
On the other hand, growing cost of NPWT devices is expected to obstruct market growth.
- Stringent Policies Will Challenge Growth Rate
Also, the strict regulatory policies along with the decrease in the adoption and problems and dangers related to the utilization of NPWT devices are projected to challenge the negative pressure wound therapy devices market in the forecast period of 2024-2031.
This negative pressure wound therapy devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the negative pressure wound therapy devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post Covid-19 Impact on Negative Pressure Wound Therapy Devices Market
The negative pressure wound therapy devices market was largely impacted by the outbreak of COVID-19. The imposition of the lockdown and social distancing restrictions by the government to curb the COVID-19 pandemic outbreak, as well as the cancellation of public transit, has resulted in a significant reduction in the number of accidents and injuries, as road accidents and transport injuries cause the majority of wounds. Additionally, various emerging challenges such as the halt of various operations, supply chain disruptions, stifling business growth, technology event cancellations, and suspensions of new developments have affected overall production and sales and limited the industry's expansion.
However, on the brighter side, the restrictions of the government measures are likely to relax which will help market to witness a slight increment post COVID-19, as the manufacturers are focusing on various developments and innovations, market trends and other expansion strategies. The disease's gradual decrease will help the market witness a slight increment post COVID-19.
Negative Pressure Wound Therapy Devices Market Scope
The negative pressure wound therapy devices market is segmented on the basis of product type, wound type, end user, distribution channel and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Stand-Alone
- Portable
- Disposable
Wound Type
- Surgical Wound
- Diabetic Ulcers
- Burn
- Pressure Ulcers
- Venous Ulcers
- Others
End User
- Hospitals
- Wound Care Centers
- Ambulatory Centers
- Home Healthcare
- Clinics
- Community Centers
Distribution Channel
- Direct Tenders
- Retail
Application
- Chronic Wounds
- Acute Wounds
Negative Pressure Wound Therapy Devices Market Regional Analysis
The negative pressure wound therapy devices market is analyzed and market size insights and trends are provided by country, product type, wound type, end user, distribution channel and application as referenced above.
The countries covered in the negative pressure wound therapy devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the negative pressure wound therapy devices market because of the rise in healthcare expenses, large patient pool suffering from chronic diseases such as diabetes, and the highly advanced healthcare infrastructure within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rise in the number of traumatic events. Moreover, the growing incidence of diabetes within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Negative Pressure Wound Therapy Devices Market Share
The negative pressure wound therapy devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to negative pressure wound therapy devices market.
Negative Pressure Wound Therapy Devices Market Leaders Operating in the Market Are:
- 3M (U.S)
- Smith+Nephew (UK)
- Mölnlycke Healthcare AB (Sweden)
- ConvaTec Group Plc (UK)
- Cardinal Health (US)
- Paul Hartmann AG (Germany)
- DeRoyal Industries Inc., (U.S)
- Lohmann & Rauscher GmbH & Co. KG (Germany)
- Medela AG (Switzerland)
- Genadyne, (U.S)
- Triage Meditech Pvt. Ltd. (India)
- Talley Group Ltd., (UK)
- Alleva Medical (China)
- Cork Medical, LLC (U.S)
- 4L Health Co. Ltd. (China)
- Carilex Medical (Germany)
- Pensar Medical, LLC., (US)
- Haromed (Belgium)
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