Negative Pressure Wound Therapy Market Size Worth USD 4 billion at a XX% CAGR between 2019- 2027

Market Analysis

The global negative pressure wound therapy is predicted to register 6.7% CAGR during the forecast period (2018-2023) owing to the rising prevalence of chronic diseases, asserts Market Research Future (MRFR). NPWT, also known as negative-pressure wound therapy is referred to as a sealed wound-care system, majorly indicated for acute complicated wounds and large chronic persistent wounds. The system comprises a foam dressing and a controlled pump which drains out the wound. Negative pressure is applied around the wound which promotes healing. Such devices are used to manage chronic and acute wounds like venous ulcers, diabetic ulcers, pressure ulcers, arterial ulcers, and first- and second-degree burns. The therapy heals wound by applying vacuum through a sealed wound dressing. The vacuum further draws out the debris and fluid from the wound and helps to increases blood supply to the affected area.

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Market Segmentation

The negative pressure wound therapy (NPWT) market is segmented on wound type, product type, end-user, and region.

The market, on the basis of product type, has been segmented into conventional negative pressure wound therapy devices, accessories, and single-use negative pressure wound therapy devices. Of these, the conventional segment held largest share of the global market for negative pressure wound therapy (NPWT) in 2017. This growth of the segment is attributable to the ability of conventional negative pressure wound therapy devices to manage severe wound exudates. 

The market, by wound type, is segmented into ulcers, surgical and traumatic wounds, and burns. Of these, the ulcers segment is further segmented into venous ulcers, diabetic foot ulcers, pressure ulcers, and others.

The market, by end-user, is segmented into home care settings, hospitals, and others.

Regional Analysis

Regionally, the negative pressure wound therapy (NPWT) market is segmented into the Americas, Asia-Pacific, Europe, and Middle East & Africa. Of these, North America is estimated to remain dominant in the global negative pressure wound therapy (NPWT) market in the coming period owing to the well-developed human services part, developing events of constant wounds, rising commonness of diabetes, and rising geriatric populace. 

The negative pressure wound therapy market in the Asia-Pacific area comprises of nations, specifically, China, Japan, the Republic of Korea, India, Australia, and the Rest of Asia-Pacific. The Asia-Pacific district is relied upon to be quickest developing locale attributable to the tremendous patient populace of constant sicknesses, for example, diabetes in nations, for example, India and China, high paces of consumes and damage cases, and expanding improvement in the social insurance division in most of nations in the Asia-Pacific area. As per the World Health Organization, more than 1 000 individuals are decently or seriously consumed each year in India. 

Europe is required to hold the second biggest situation in the global negative pressure wound therapy market. The market development in this district is credited to the expanding number of mishaps and the developing predominance of diabetes combined with created social insurance foundation.

Key Players

Leading players profiled in the negative pressure wound therapy market report include Cardinal Health, DeRoyal Industries Inc, Lohmann & Rauscher International GmbH & Co. KG, Medela, Molnlycke Health Care AB, Genadyne, Talley Group, Smith & Nephew, ConvaTec Group plc, Acelity L.P. Inc., and others

September 2019: Leading medical technology business, Smith+Nephew has announced the launch of its new PICO 7Y Negative Pressure Wound Therapy System of single use in the US with AIRLOCK technology. This is the first-ever single use Negative Pressure Wound Therapy pump that will include an integrated Y connector that will allow the use of two dressings simultaneously from one pump, thereby allowing for two incisions or wounds to be addressed at the same time. It will be ideal to use on various wound types, including acute and chronic wounds, and closed surgical incisions.

Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

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