07-Feb-2023 | Facts and Factors
According to Facts and Factors, the global negative pressure wound therapy systems market size was worth around USD 2.6 billion in 2021 and is predicted to grow to around USD 4.3 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.71% between 2022 and 2030.
In the last decade, the popularity and application of negative pressure wound therapy (NPWT) systems have increased tremendously. These devices are used to manage and treat large and complex wounds. Modern-age equipment consists of adhesive dressing, an open pore foam sponge, and a vacuum pump which provides negative pressure on the wound to cure it. Other applications of NPWT devices include the use in skin grafting or providing protection to wounds that are at a higher risk of breaking down. The use of NPWT is most significantly provided with the Vacuum Assisted Closure (V.A.C) system. It involves the use of a sealed gauze or an open-pore sponge. NRWT systems have become a common sight in trauma and orthopedic settings.
Browse the full “Negative Pressure Wound Therapy Systems Market Size, Share, Growth Analysis Report By Product (Single Use, Conventional, and Accessories), By End-User (Homecare, Hospitals & Clinics, and Ambulatory Surgical Centers), By Wound (Venous Leg Ulcer, Diabetic Foot Ulcer, Burn Wounds, Pressure Ulcer, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030" report at https://www.fnfresearch.com/negative-pressure-wound-therapy-systems-market
The healing process after the operation requires constant changes in dressing. In most cases, the dressing is changed at least 2 to 3 times per week and the medical professional is responsible for changing the dressing. However, the treatment method cannot be used on all patients and only doctors have the right to decide who is eligible for the treatment.
The global negative pressure wound therapy systems market is projected to grow due to growing investments in medical infrastructure across the globe which may be propelled by the rising research and innovation activities related to anticoagulation devices and wound therapy. There are significant advances registered in new and advanced systems deploying negative pressure resulting in enhanced patient experience along with quick and painful results.
The global market may further register high growth due to the increasing number of regulatory approvals received by new launches in the commercial market. In 2018, the European Commission (EC) granted approval to the PICO™ 7 Single Use Negative Pressure Wound Therapy System by Smith & Nephew. The system delivers an exceptional patient experience as well as clinical effectiveness. A growing number of patients opting out of surgical processes due to their invasive nature may drive them toward adopting NPWT systems for medical care.
One of the major restraining factors during the growth trajectory is the common occurrence of mechanical complications related to the unsuccessful rate of therapy which is mainly caused due to the loss of suction. Although, the cause of such events may be many and the most common reason is the absence of an adequate amount of seal placed around the wound dressing. This could involve the misplaced application of the transparent adhesive sealant tape or it may even come off if it lacks the necessary contact with the underlying skin. These factors have to be dealt with immediately as many delays could create further complications in dealing with the wound.
The growing demand for minimally invasive procedures may provide growth opportunities whereas the growing rate of infection may challenge the market expansion.
Segmental Analysis:
The global negative pressure wound therapy systems market is segmented based on product, end-user, wound, and region.
Based on end-user, the global market segments are homecare, hospitals & clinics, and ambulatory surgical services. The global market was dominated by the hospitals segment due to the high influx of patients suffering from various conditions. Hospitals are well-equipped with equipment and devices that can cater to the needs of patients. The segmental growth in the future may be driven by the strategies adopted by the market players to create a larger consumer database as well as cover as many people as possible who are in need of acute care. As per estimates, 1 in 50 people who are above the age of 80 is affected by venous leg ulcers.
Based on wound, the global market is divided into venous leg ulcer, diabetic foot ulcer, burn wounds, pressure ulcer, and others. The highest segmental growth was observed in the diabetic foot ulcer segment due to growing incidences and the efficiency of the systems in treating the condition. Diabetes is currently considered one of the largest causes of non-traumatic lower-body amputations. Foot problems have become a leading cause of hospitalization among diabetic patients. As per the International Diabetes Federation, in 2021, more than 537 million adults were living with the condition.
Regional Analysis:
North America is anticipated to lead the global negative pressure wound therapy systems market growth due to the presence of accessible healthcare assisted by medical reimbursement policies as well as the growing research on the development of new systems to meet the increasing demand for patients for minimally invasive techniques.
Growth in Europe may be a result of the rise in the geriatric population. More than 11% of the population in England and Wales is in the age group of 65 years or above. The region may generate high revenues due to the presence of some of the most dominating medical equipment makers as well as increasing strategies adopted by the providers to expand their global footprint.
Report Scope
| Report Attribute |
Details |
| Market Size in 2021 |
USD 2.6 Billion |
| Projected Market Size in 2030 |
USD 4.3 Billion |
| CAGR Growth Rate |
5.71% CAGR |
| Base Year |
2021 |
| Forecast Years |
2022-2030 |
| Key Market Players |
Smith & Nephew, Lohmann & Rauscher GmbH & Co. KG, Genadyne Biotechnologies, Cork Medical LLC, ConvaTec Inc., Alleva Medical Ltd., and Others |
| Key Segment |
By Product, End-User, Wound, and Region |
| Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Purchase Options |
Request customized purchase options to meet your research needs. |
Competitive Analysis:
The global negative pressure wound therapy systems market is led by players like Smith & Nephew, Lohmann & Rauscher GmbH & Co. KG, Genadyne Biotechnologies, Cork Medical, LLC, ConvaTec Inc., Alleva Medical Ltd.
Recent Developments:
- In April 2021, Joerns Healthcare announced a partnership with Medela. The move is expected to help both companies reach a higher patient database for innovative negative pressure wound therapy
- In March 2021, Smith+Nephew entered a collaboration with Net Health's EHR software solution which will allow the users of the solution provider to order RENASYS GO, a Negative Pressure Wound Therapy (NPWT) by Smith+Nephew
The global negative pressure wound therapy systems market is segmented as follows:
By Product
- Single Use
- Conventional
- Accessories
By End-User
- Homecare
- Hospitals & Clinics
- Ambulatory Surgical Centers
By Wound
- Venous Leg Ulcer
- Diabetic Foot Ulcer
- Burn Wounds
- Pressure Ulcer
- Others
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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