Negative Pressure Wound Therapy Market Estimated To Reach USD 2,676.2 Million By 2026 | 3M Company, Smith & Nephew, Mölnlycke Health Care
Global negative pressure wound therapy market has been split into product, wound type and end user segments. Among the product types, single use NPWT devices are set to grow at a highest CAGR of 5.2% owing to portability feature
Dallas, United States – April 27, 2021 /MarketersMedia/ —
Negative Pressure Wound Therapy (NPWT) devices are widely used across the globe to treat chronic wounds like post-operative wounds, pressure sores and diabetic ulcers by applying sub-atmospheric pressure directly to the open wound. The Negative pressure wound therapy is proven to be an efficient choice of treatment especially for persistent chronic wounds like leg ulcers and deep acute wounds. The therapy is a therapeutic technique that uses a suction dressing in order to remove excess exudation and helps in promoting the healing in second- and third-degree burns and acute or chronic wounds. The NPWT process also helps in drawing out infection and fluid from the injured area.
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The Global Negative Pressure Wound Therapy Market has recorded a noteworthy growth in the overall performance over the past few years. The growth of the NPWT market is attributed by number of growth driving aspects. The technological developments in the medical field have given a rise to increase in the aging population. This geriatric population is highly vulnerable to chronic wounds or diseases. This rise is giving a boost to the demand for Negative Pressure Wound Therapy across the globe. In addition to that, the rising incidences of chronic conditions have also been providing momentum to the growth of the global NPWT industry.
With rising digitalization across the globe, Negative Pressure Wound Therapy industry have also recorded some noteworthy technological developments in order to develop devices to deal with complex wounds which in turn is boosting the growth of the NPWT market. Moreover, the factors like government initiatives to prevent SSIs, rising expenses on chronic and surgical wounds, growing prevalence of diabetes and increasing awareness regarding the reduction of healthcare costs are propelling the growth of the NPWT market. However, the growth is anticipated to be restrained by the complications associated with this therapy. Nevertheless, significant unmet needs in wound care and rise in focus toward superior treatment procedures can provide numerous lucrative opportunities to market players.
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North America is expected to dominate the global negative pressure wound therapy market in 2025 with 45% market share in 2018; however, Asia Pacific will grow with a highest CAGR through the forecast period. North America has been a lucrative market due to population/epidemiology growth, market penetration supported by DRG changes and pricing pressure, particularly from hospitals and LTCs. In the U.S. and Europe, the players are strategizing to capture market share in acute care advance wound care by increasing direct sales force headcount, developing best-in-class pricing and tendering capabilities and segmenting customers by needs and behavior to tailor commercial model.
Major players in the global negative pressure wound therapy market are 3M Company, Smith & Nephew, Mölnlycke Health Care , Cardinal Health, ConvaTec, and Medela among others.
Key segments of the global negative pressure wound therapy market
Product Overview, 2015-2025 (USD Million)
• Conventional NPWT devices
• Single use NPWT devices
Wound Type Overview, 2015-2025 (USD Million)
• Surgical and traumatic wounds
• Ulcers
o Diabetic foot ulcers
o Pressure ulcers
o Venous ulcers
• Burns
End User Overview, 2015-2025 (USD Million)
• Hospitals and clinics
• Home care setting
• Others
Regional Overview, 2015-2025 (USD Million)
• North America
o US
o Canada
• Europe
o Germany
o United Kingdom
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
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Some Major Points form TOC
1. Introduction
2. Research Methodology
3. Market Outlook
4. Negative Pressure Wound Therapy Market by Product, 2015-2025 (USD Million)
5. Negative Pressure Wound Therapy Market by Wound Type, 2015-2025 (USD Million)
6. Negative Pressure Wound Therapy Market by End User, 2015-2025 (USD Million)
7. Negative Pressure Wound Therapy Market by Region 2015-2025 (USD Million)
8. Competitive Landscape
9. Company Profiles
9.1. 3M Company
9.2. Smith & Nephew plc.
9.3. Mölnlycke Health Care
9.4. ConvaTec Group plc.
9.5. Cardinal Health, Inc.
9.6. DeRoyal Industries
9.7. Lohmann & Rauscher International GmbH & Co. Kg
9.8. Talley Group Ltd.
9.9. Medela
9.10. Genadyne Biotechnologies, Inc.
9.11. Other companies
9.11.1. Applied Tissue Technologies LLC
9.11.2. Worldwide Innovative Healthcare, Inc.
9.11.3. ATMOS MedizinTechnik GmbH & Co. KG
10. Appendix
10.1. Primary Research Approach
10.2. Questionnaire
10.3. Related Reports
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