Overview

Negative Pressure Wound Therapy Market Introduction

Negative Pressure Wound Therapy Market is estimated to value over USD 2.9 billion by 2027 end and register a CAGR of over 4% during the forecast period 2020 to 2027.

Negative pressure wound therapy (NPWT) is a therapeutic technique that utilizes the sub-atmospheric pressure to heal chronic and acute wounds. By applying vacuum through a sealed wound dressing, this therapy encourages the healing of wounds. This vacuum increases blood supply to the affected area and draws out debris and fluids from the wound. NPWT devices are primarily used for managing various chronic and acute wounds like arterial ulcers, venous ulcers, pressure ulcers and diabetic ulcers.

Several NPWT devices are available in different sizes and shapes in accordance with the wound size to be treated and the body contour of the patient. Generally, NPWT devices consist of a drainage tubing, dressing set and a vacuum pump. The vacuum pump is powered either by batteries or alternating current and is either movable or fixed. It is designed to include features such as an indication of alarm for suction loss, replaceable collection canister and suction regulation strength.

The negative pressure wound therapy market growth is steered by the increase in the prevalence of chronic disease cases like obesity and diabetes mellitus, increase in injuries and deaths caused by trauma and accidents, growing awareness amongst patients regarding negative pressure wound therapy (NPWT) devices, technological advancements like the development of cost-effective NPWT devices and proliferation in the ageing population.

Single-use NPWT devices are widely preferred over traditional NPWT devices. The prominent advantages of the single-use NPWT devices are their portability factors and cost-effectiveness portability factors. Single-use NPWT devices are canister-less pumps, which renders their easy utilization, especially in homecare settings. Its usage in home settings abolishes the need for extended hospital stays. This makes the overall single-use therapy economic and thus affordable to patients, particularly from the emerging nations.

The market is witnessing huge advancements in technologies concerning dressings as well as therapy pumps. The key players are concentrating on implementing new strategies for product development acquisitions and mergers. For example, Smith & Nephew, in 2016, declared that PICO, its single-use NPWT system, reduced complexities post orthopaedic surgery and offers improved wound healing. With Acelity introducing V.A.C. technology, management of wound care has expanded and is considered to be a leading technology. The market is currently subjugated by Acelity, due to them acquiring Kinetic Concepts, Inc., which is a key player in the NPWT market. Although, new emerging players like ConvaTec and Smith & Nephew are going to possibly affect Acelity’s global negative pressure wound therapy market share in the upcoming years.

negative pressure wound therapy market

Global Negative Pressure Wound Therapy Market Segmentation:

By Device Type

Conventional NPWT Devices
Single-Use NPWT Devices
Accessories

By Wound Type

Surgical and Traumatic Wounds
Ulcers
Diabetic Foot Ulcers
Venous Ulcers
Pressure Ulcers
Other Ulcers
Burns

By End User

Hospitals
Home Care Settings
Others

By Region

North America
Europe
Asia Pacific
Rest of the World

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global negative pressure wound therapy market by product type, by wound type, by end user and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, and the rest of the world
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies