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Global Negative Pressure Wound Therapy (NPWT) Market Overview:
“The global Negative Pressure Wound Therapy Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Negative pressure wound therapy is wound dressing systems which intermittently or continuously apply subatmospheric pressure to the surface of a wound. Negative pressure wound therapy is also called as vacuum-assisted wound closure and is widely used as treatment modality in many acute and chronic wounds.
Negative pressure wound therapy provides several advantages when used in combination with foam, as it accelerates the wound healing times. Furthermore, it reduces the risk of pathogenic infection and also reduces the number of dressing changes. It is used in variety of chronic wounds, diabetes, venous, arterial and pressure ulcers.
Increasing prevalence of acute and chronic wounds is expected to drive the global negative pressure wound therapy devices market over the forecast period. Raising awareness regarding the therapy as it facilitates better healing, reduces the risk of infection and further reduces the hospital stay, thus is expected to propel the market growth over the forecast period.
Adoption of new technologies to improve clinical outcomes is further expected to drive the market growth over the forecast period. Rapidly growing ageing population is further expected to contribute to the market growth.
However, lack of evidence of clinical effectiveness of the therapy is restraining the growth of global negative pressure wound therapy devices market over the forecast period.
North America market dominates the global negative pressure wound therapy devices market in terms of revenue contribution as compared to that of markets in other regions. This is attributed to the well-developed infrastructure, increasing number of cases of acute and chronic wound in the region. Europe accounts for second-largest revenue share contribution to the global negative pressure wound therapy devices market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.
The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. This is attributed to the rapidly growing geriatric population, improving healthcare infrastructure in the region.
Global Negative Pressure Wound Therapy (NPWT) Market Segmentation:
Global negative pressure wound therapy (NPWT) market segmentation, by device type:
- Conventional NPWT
- Single-use NPWT
Global negative pressure wound therapy (NPWT) market segmentation, by application:
- Diabetic Foot Ulcers
- Venous Leg Ulcers
- Pressure Ulcers
- Burn Wounds
Global negative pressure wound therapy (NPWT) market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Acelity L.P. Inc.
- Talley Group Limited
- Smith & Nephew plc
- Devon Medical, Inc.
- Medela AG
- Cardinal Health, Inc.
- Kinetic Concepts, Inc.
- Coloplast A/S
- Molnlycke Health Care AB
- Paul Hartmann AG
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