Negative Pressure Wound Therapy (NPWT) Market
Global Negative Pressure Wound Therapy (NPWT) Market Size, Share & Trends Analysis Report by Product Type (Conventional NPWT and Single-Use NPWT), By Wound Type (Burns, Ulcers, Surgical Wounds, and Traumatic Wounds), and by End-User (Hospitals and Clinics and Homecare) and Forecast 2019-2025 Update Available - Forecast 2024-2030
The global negative pressure wound therapy (NPWT) market is growing significantly, at a CAGR of around 4.6% during the forecast period (2019-2025). The negative pressure wound therapy or vacuum-assisted closure (VAC) is referred to as a therapeutic technique that uses tubes, suction pumps, and dressing to remove surfeit exudates and promotes healing in chronic and acute wounds. The pivotal factor that drives the market growth includes the rising incidence of chronic wounds such as ulcers are augmenting the demand for wound therapy. According to the Agency for Healthcare Research and Quality (AHRQ), more than 2.5 million individuals develop pressure ulcers in the US in 2017. Such a high incidence of chronic ulcer has a positive impact on market growth, as this will create a demand for wound therapies for the treatment of ulcers.
The increasing incidence of wound infection due to burning injury and traumatic injury has been fueling the growth of the market across the globe. According to the Accident Compensation Corporation (ACC), the incidence of wound infection ranges from 2% to 17.5% after trauma and from 1% to 1.5% after minor dermatological surgical procedures. These factors are considerably generating the demand for wound therapies across the globe. However, the lack of awareness for advanced wound therapies is hindering the growth of the global negative pressure wound therapy market. In addition, the unavailability of reimbursement in many regions across the world (especially Asia-Pacific), the patients as well as healthcare providers are reluctant to opt for advanced wound care., which may hinder the growth of negative pressure wound therapy market.
Segmental Outlook
The negative pressure wound therapy market is classified on the basis of product type and end-user. Based on the product type, the market is bifurcated into conventional NPWT and single-use NPWT. Based on wound type, the market is segregated into burns, ulcers, surgical wounds, and traumatic wounds. Based on end-user, the market is segmented into hospitals and clinics and homecare.
Global Negative Pressure Wound Therapy Market Share by Wound Type, 2018 (%)
Global negative pressure wound therapy market to be driven by its significant use for surgical wounds
The negative pressure wound therapy finds its significant application in the treatment of surgical wounds. Rising demand for wound management techniques in post-operative care and rising demand for minimally invasive surgeries are primarily boosting the adoption of wound therapies in surgical wound application. There were 17.5 million surgical and minimally invasive cosmetic procedures performed in the US in 2017, according to the American Society of Plastic Surgeons (ASPS). Such an increasing number of surgical processes globally surge the growth of the global negative pressure wound therapy market.
Regional Outlook
The global negative pressure wound therapy market is classified on the basis of geography, which includes North America, Europe, Asia-Pacific, and the Rest of the World. North America is estimated to share significantly in the global negative pressure wound therapy market. Major economies which will contribute to the market are the US and Canada. The growing incidence of pressure ulcers (PU) owing to aging populations with increased per capita healthcare expenditure and the presence of major market players are the factors that are driving the market in this region. Surging aging population base is the key driver that increases the possibilities of PU (Pressure Ulcer) which drives the demand for wound therapies for its treatment. Moreover, increasing surgical procedures coupled with rising outdoor recreational activities are also augmenting the demand for wound therapies; thereby, leading to the market growth of the region.
Global Negative Pressure Wound Therapy Market Growth, by Region 2019-2025
Asia-Pacific is expected to propel with a considerable growth rate in the global market
Asia-Pacific is expected to project a considerable CAGR in the global negative pressure wound therapy market during the forecast period. This growth can be attributed to the growing aging population coupled with the increasing prevalence of ulcers, an increasing number of human-burn cases, and the rising prevalence of diabetes across the major economies of the region. The United Nations Population Division projects that India’s population age 50 years and older will reach 34% by 2050. Furthermore, Beijing State Council Information Office is projecting that the country's aged population (above 60 years old) will reach 255 million by 2020. With the age dynamics, ulcer cases among the population of Asia-Pacific are expected to grow which in turn is expected to increase the chances of wounds.
Market Players Outlook
The key players in the negative pressure wound therapy market are contributing significantly by providing advanced technology-based products and expanding their geographical presence across the globe. The key players operating in the global negative pressure wound therapy market include 3M Co., Smith & Nephew PLC, Cardinal Health, Inc., ConvaTec Inc., and Talley Group Ltd. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. For instance, in March 2020, Smith & Nephew PLC launched its new PICO 14 single-use negative pressure wound therapy (sNPWT) in the US market. This will keep the company at the forefront of delivering novel and innovative solutions in the negative pressure wound therapy market.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global negative pressure wound therapy market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. 3M Co.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Smith & Nephew PLC
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Cardinal Health, Inc.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. ConvaTec Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Talley Group Ltd.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Negative Pressure Wound Therapy Market by Product Type
5.1.1. Conventional NPWT
5.1.2. Single-Use NPWT
5.2. Global Negative Pressure Wound Therapy Market by Wound Type
5.2.1. Burns
5.2.2. Ulcers
5.2.3. Surgical Wound
5.2.4. Traumatic Wound
5.3. Global Negative Pressure Wound Therapy Market by End-User
5.3.1. Hospital and Clinics
5.3.2. Homecare
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. 3M Co.
7.2. ATMOS MedizinTechnik GmbH & Co. KG
7.3. Cardinal Health, Inc.
7.4. Carilex Medical Group
7.5. Coloplast Group
7.6. ConvaTec Inc.
7.7. DeRoyal Industries, Inc.
7.8. Devon Medical Products
7.9. Genadyne Biotechnologies, Inc.
7.10. Lohmann & Rauscher GmbH & Co. KG
7.11. Medela AG
7.12. Mölnlycke Health Care AB
7.13. PAUL HARTMANN Ltd.
7.14. Smith & Nephew PLC
7.15. SunMed Medical Systems LLC
7.16. Talley Group Ltd.
7.17. The Wound Vac Company, LLC
7.18. Triage Meditech Pvt. Ltd.
1. GLOBAL NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
2. GLOBAL CONVENTIONAL NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL SINGLE-USE NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY WOUND TYPE, 2018-2025 ($ MILLION)
5. GLOBAL NEGATIVE PRESSURE WOUND THERAPY FOR BURNS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
6. GLOBAL NEGATIVE PRESSURE WOUND THERAPY FOR ULCERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL NEGATIVE PRESSURE WOUND THERAPY FOR SURGICAL WOUNDS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL NEGATIVE PRESSURE WOUND THERAPY FOR TRAUMATIC WOUNDS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
9. GLOBAL NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
10. GLOBAL NEGATIVE PRESSURE WOUND THERAPY IN HOSPITALS AND CLINICS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
11. GLOBAL NEGATIVE PRESSURE WOUND THERAPY IN HOMECARE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
13. NORTH AMERICAN NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
14. NORTH AMERICAN NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
15. NORTH AMERICAN NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY WOUND TYPE, 2018-2025 ($ MILLION)
16. NORTH AMERICAN NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
17. EUROPEAN NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
18. EUROPEAN NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
19. EUROPEAN NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY WOUND TYPE, 2018-2025 ($ MILLION)
20. EUROPEAN NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
21. ASIA-PACIFIC NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
22. ASIA-PACIFIC NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
23. ASIA-PACIFIC NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY WOUND TYPE, 2018-2025 ($ MILLION)
24. ASIA-PACIFIC NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
25. REST OF THE WORLD NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
26. REST OF THE WORLD NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY WOUND TYPE, 2018-2025 ($ MILLION)
27. REST OF THE WORLD NEGATIVE PRESSURE WOUND THERAPY MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
1. GLOBAL NEGATIVE PRESSURE WOUND THERAPY MARKET SHARE BY PRODUCT TYPE, 2018 VS 2025 (%)
2. GLOBAL NEGATIVE PRESSURE WOUND THERAPY MARKET SHARE BY WOUND TYPE, 2018 VS 2025 (%)
3. GLOBAL NEGATIVE PRESSURE WOUND THERAPY MARKET SHARE BY END-USER, 2018 VS 2025 (%)
4. GLOBAL NEGATIVE PRESSURE WOUND THERAPY MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
5. US NEGATIVE PRESSURE WOUND THERAPY MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA NEGATIVE PRESSURE WOUND THERAPY MARKET SIZE, 2018-2025 ($ MILLION)
7. UK NEGATIVE PRESSURE WOUND THERAPY MARKET SIZE, 2018-2025 ($ MILLION)
8. FRANCE NEGATIVE PRESSURE WOUND THERAPY MARKET SIZE, 2018-2025 ($ MILLION)
9. GERMANY NEGATIVE PRESSURE WOUND THERAPY MARKET SIZE, 2018-2025 ($ MILLION)
10. ITALY NEGATIVE PRESSURE WOUND THERAPY MARKET SIZE, 2018-2025 ($ MILLION)
11. SPAIN NEGATIVE PRESSURE WOUND THERAPY MARKET SIZE, 2018-2025 ($ MILLION)
12. ROE NEGATIVE PRESSURE WOUND THERAPY MARKET SIZE, 2018-2025 ($ MILLION)
13. INDIA NEGATIVE PRESSURE WOUND THERAPY MARKET SIZE, 2018-2025 ($ MILLION)
14. CHINA NEGATIVE PRESSURE WOUND THERAPY MARKET SIZE, 2018-2025 ($ MILLION)
15. JAPAN NEGATIVE PRESSURE WOUND THERAPY MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF ASIA-PACIFIC NEGATIVE PRESSURE WOUND THERAPY MARKET SIZE, 2018-2025 ($ MILLION)
17. REST OF THE WORLD NEGATIVE PRESSURE WOUND THERAPY MARKET SIZE, 2018-2025 ($ MILLION)
