Negative-pressure Wound Therapy (NPWT) Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Cases of Burns – Burn injury is a worldwide health concern largely caused by heat or radiation, radioactivity, abrasion, electricity, or chemical contact. As per the World Health Organization report, burns are accountable for approximately 180 000 deaths each year.
- Rise in Diabetes Cases - Diabetes is a metabolic disorder characterized by high blood sugar levels. Diabetes-related high blood sugar leads to harm nerves, eyes, kidneys, and other organs of body if left untreated. Worldwide growing cases of diabetes are resulting in sores that do not heal properly. For instance, there are 422 million diabetics in the world, and diabetes is primarily responsible for 1.5 million deaths yearly.
- Global Upsurge in Venous Leg Ulcers - Venous leg ulcers occur as a result of high blood pressure in veins of lower leg. If left untreated, additional pressure and excess fluid in the affected area lead to the formation of an open sore. Such ulcers are chronic (long-lasting) sores which mostly occurs in old population that need required treatment on time. In the United States and Europe, it is estimated that 1 to 4% of the elderly population is affected by venous leg ulcers.
- Expansion of Geriatric Population - The risk of certain medical conditions is heavily influenced by age and lifestyle. Elderly individuals frequently face a variety of health issues that significantly affect their overall quality of life. As per the World Health Organization (WHO), in 2019, there were around 1 billion people aged 60 and older. This figure is expected to rise nearly 1.4 billion by 2030 and 2.1 billion by 2050.
- Growing Prevalence of Post-Surgical Wounds – The chances of a patient getting an infection at the surgical site after surgery are figured to be between 2% and 7%, and the same type of infection is noticed to gross above 19% in the case of contaminated wounds.
Challenges
-
High Prices of the NPWT Devices
- Partial Awareness About the NPWT Devices
- High Cost of Treatment
Negative-pressure Wound Therapy (NPWT) Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.5% |
|
Base Year Market Size (2024) |
USD 2.73 billion |
|
Forecast Year Market Size (2037) |
USD 6.19 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of negative-pressure wound therapy is estimated at USD 2.88 billion.
Negative-pressure Wound Therapy (NPWT) Market size was valued at USD 2.73 billion in 2024 and is likely to cross USD 6.19 billion by 2037, registering more than 6.5% CAGR during the forecast period i.e., between 2025-2037.
North America industry is estimated to hold largest revenue share by 2037, backed by rise in occurrence of diabetic foot ulcers, venous leg ulcers, and pressure ulcers with the increase in geriatric population, increasing healthcare expenditure, and expanding research and development (R&D) activities in the region.
The major players in the market are Smith & Nephew, PLC, Acelity L.P., Inc., Cardinal Health, DeRoyal Industries Inc., Genadyne Biotechnologies, Inc., Medela, LLC., ConvaTec, Inc., ATMOS MedizinTechnik, GmbH & Co. KG, and others.
