Negative-pressure Wound Therapy (NPWT) Market Trends

  • Report ID: 179
  • Published Date: Sep 04, 2024
  • Report Format: PDF, PPT

Negative-pressure Wound Therapy (NPWT) Market Trends

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

2023

Forecast Year

2024–2036

CAGR

6.5%

Base Year Market Size (2023)

USD 2.56 billion

Forecast Year Market Size (2036)

USD 5.8 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 179
  • Published Date: Sep 04, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of negative-pressure wound therapy is estimated at USD 2.69 billion.

Negative-pressure Wound Therapy (NPWT) Market size was valued at USD 2.56 billion in 2024 and is likely to reach USD 5.8 billion by 2037, registering around 6.5% CAGR during the forecast period i.e., between 2024-2036. Increasing cases of burns, rise in diabetes cases, expansion of geriatric population, and growing prevalence of post-surgical wounds will propel the market growth.

North America is predicted to hold largest revenue share by 2036, 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.
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