Negative Pressure Wound Therapy Market Size By Type (Single-use, Conventional), By Wound Type (Diabetic Wounds, Skin Burns, Pressure Wounds, Surgical Wounds, Venous Legs Wounds), End-Use (Hospitals, Homecare Settings), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 - 2025

Negative Pressure Wound Therapy Market Size

Negative Pressure Wound Therapy (NPWT) Market size was valued at USD 1.7 billion in 2018 and is expected to witness 6.4% CAGR from 2019 to 2025.
 

Rising incidences of chronic diseases should positively impact the market growth. Incidence of chronic diseases such as diabetes and cancer requiring surgical procedures is increasing from past few decades. Adoption of wound therapy devices is growing for faster recovery in such conditions. Moreover, awareness regarding availability of upgraded NPWT devices is gradually increasing amongst population in underdeveloped regions that should further spur the market expansion.
 

Technological advancements in NPWT devices should propel the NPWT market value during the forecast period. Since past several years, pace of technological development in wound therapy devices has improved. Key industry players focus on introducing advanced and innovative negative pressure wound therapy devices. However, high cost of negative wound pressure therapy devices may restrain the market revenue to some extent.
 

Negative Pressure Wound Therapy Market Analysis

Single-use negative pressure wound therapy segment exceeded USD 535 million in 2018. Increasing usage of single-use NPWT devices for healing surgical wounds should augment its demand. Recently developed disposable NPWT devices are highly efficient and that reduces the chances of repetitive infections. Hence, adoption of NPWT devices is increasing in hospitals that should elevate the segment growth.
 

Conventional NPWT devices segment in the NPWT market is anticipated to observe around 5.5% growth rate through 2025 owing to the increasing preference for conventional NPWT devices in ambulatory surgical centres. conventional NPWT devices are affordable in comparison to the advanced portable NPWT devices and hence, ASCs that provide cost-effective surgeries usually rely on conventional NPWT devices.
 

Negative pressure wound therapy market for pressure wounds segment is projected to attain a CAGR of over 6% till 2025. Increasing prevalence of pressure wounds such as bed sores will positively impact the demand for NPWT. Patients struggling with chronic diseases such as diabetes often have slower healing rate and are prone to bed sores. Also, patients with orthopaedic disorders are bed ridden and often suffer from bed sores. These chronic conditions require wound healing by intermittent application of sub atmospheric pressure to wound’s surface. Technologically advanced NPWT systems are in demand as they facilitate healing and reduces wound closure time that stimulates the segment expansion.
 

Venous legs wound segment revenue was around 230.5 million in 2018. Venous skin ulcer is a sore on the leg that is slow to heal. Venous leg wound is often caused due to obstruction in the functioning of blood supply from leg to heart for purification. Veins in the leg can disrupt and stop blood supply causing weakening of skin led by increased pressure on the limbs. This reduces the rate of wound healing and makes a person more susceptible to leg ulcers on occurrence of any sort of minor injury.
 

Hospitals end-use segment in the negative pressure wound therapy market accounted USD 597.5 million in 2018 propelled by increasing number of road accidents and trauma cases requiring surgical procedures. Patients undergoing surgical procedures are prone to surgical wounds that increases the demand for NPWT. Furthermore, public healthcare infrastructure in emerging economies is developing gradually and the hospitals covered by the public healthcare systems are ensured optimum supply of advanced wound therapy products such as NPWT devices that should fuel the segment value.
 

Homecare settings segment is poised to expand at more than 7.5% CAGR during 2018 to 2025 impelled by growing preference for NPWT by geriatric population. Key industry leaders have developed portable wound therapy devices that provides operational ease and convenience. Even the elderly population base can operate recently developed wound care devices that escalates its demand in homecare settings.
 

North America negative pressure wound therapy market size was USD 702 million in 2018 on account of the large patient pool suffering from chronic diseases such as diabetes. Diabetic patients prone to diabetic foot ulcers. Therefore, rising number of diabetic injuries in patients can generate huge demand for NPWT. In addition, positive regulatory scenario for NPWT devices in North America will further enhance the industry growth.
 

Latin America market will observe substantial growth of 7% through 2025. Latin America is one of the fastest growing market for NPWT devices. Brazil accounts the significant share in Latin America region. Favourable demographic trends will prove beneficial for regional growth. The market is still in the developing phase in Latin America. Thus, new players willing to establish themselves in the market have several growth opportunities in this region.
 

Negative Pressure Wound Therapy Market Share

Prominent companies operational in NPWT market are :

• ConvaTec
• Cork Medical
• Smith & Nephew Inc
• Acelity
• Cardinal Health
• DeRoyal
• Genadyne Biotechnologies Inc
• Medela Inc
• Invacare Corporation
• Sanoma Pharmaceuticals

 These key industry players adopt various strategic initiatives such as geographical expansions, mergers and acquisitions to maintain their market position.
 

Industry Background

Negative pressure wound therapy devices market can be traced back to 1908 that marked the introduction of vacuum therapy for healing wounds. Bier’s hyperemic treatment that was utilized to heal open wounds using vacuum therapy became famous and was proven to be the most effective wound treatment method at that time. Later, in 1952 use of NPWT with rubber sponge, cellulose sponge, gauze and cotton was patented in Germany. In 1970’s NPWT was extensively utilized to treat post-surgical wounds. With further advancements, in 1986, Kostiuchenok demonstrated that NPWT when combined with surgical debridement improved wound healing process by reducing the bacterial load in chronic wounds. After several amendments, in 2003, NPWT was commonly accepted and is currently experiencing great demand for healing wounds. This industry is in developing stage and will experience several growth opportunities with advancements in the field of advanced wound therapy devices.
 

This market research report on negative pressure wound therapy includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:

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Market, by Type (USD million)

• Single-use
• Conventional

Market, by Wound Type (USD million)

• Diabetic wounds
• Skin burns
• Pressure wounds
• Surgical wounds
• Venous legs ulcers

Market, by End Use (USD million)

• Hospitals
• Homecare settings
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
  • Belgium
  • Austria
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Argentina
  • Mexico
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Qatar
  • Kuwait