Global Negative Pressure Wound Therapy (NPWT) Market to Reach US$3.1 Billion by the Year 2026 – QNT Press Release


New York, May 10, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Negative Pressure Wound Therapy (NPWT) Industry” – https://www.reportlinker.com/p06032318/?utm_source=GNW
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– Global Negative Pressure Wound Therapy (NPWT) Market to Reach US$3.1 Billion by the Year 2026

– Negative pressure wound therapy represents an exciting advancement in wound care space that holds a number of clinical applications. The therapy is an effective option for treatment of non-healing complex wounds, categorized into chronic and acute wounds. Also referred to as vacuum-assisted closure, the technology is primarily used for management of wounds characterized by high exudate levels. The therapy is finding increasing use for management of diverse types of chronic and acute wounds, such as diabetic foot ulcers, skin grafts or closed surgical incisions. The global market for NPWT devices is on a growth path, on account of the rising incidence of chronic diseases including diabetes, and increasing surgical procedures. Diabetes entails the risk of causing diabetic foot ulcers and its treatment might require the use of NPWT devices. Similarly, immobility for long periods can lead to pressure ulcers, the treatment of which might need the use of NPWT devices. Also, the expanding a ging population suffering from various diseases which restrict their mobility bodes well for the demand for NPWT devices. Government efforts for the prevention of SSIs, and the increasing caesarean section procedures among older mothers are also fostering the use of NPWT devices (post-operative). The availability of new options such as single-use negative pressure wound therapy is advancing the use potential. The market is also expected to gain from the development and launch of sophisticated NPWT devices that are user friendly. While NPWT pumps are advancing, even wound dressings are evolving such as antimicrobial contact layers and incisional management dressings. The introduction of affordable disposable NPWT by leading companies and rising awareness of this among people is likely to drive market gains.

– Amid the COVID-19 crisis, the global market for Negative Pressure Wound Therapy (NPWT) estimated at US$2.4 Billion in the year 2022, is projected to reach a revised size of US$3.1 Billion by 2026, growing at a CAGR of 6.1% over the analysis period. Conventional, one of the segments analyzed in the report, is projected to grow at a 5.7% CAGR to reach US$2.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Single-Use segment is readjusted to a revised 7.1% CAGR for the next 7-year period. This segment currently accounts for a 28.4% share of the global Negative Pressure Wound Therapy (NPWT) market. While conventional devices lead the market, these systems are for use in hospitals and are not appropriate for homecare settings, as they entail the usage of bulky canisters. Such devices can be purchased and also rented, which is anticipated to augment NPWT usage in developing coun tries. Single use NPWT is likely to register strong growth owing to their suitability for use in homecare settings. The growing trend of patient transition to home care settings in Europe and North America is therefore expected to drive their demand. Further, the advantages offered by single use NPWT such as battery based pump, appropriateness for treating moderate to low exuding wounds, lower cost, and their growing availability in the market are also fueling their adoption. The US Market is Estimated at $1.2 Billion in 2022, While China is Forecast to Reach $189.7 Million by 2026

– The Negative Pressure Wound Therapy (NPWT) market in the US is estimated at US$1.2 Billion in the year 2022. The country currently accounts for a 51.6% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$189.7 Million in the year 2026 trailing a CAGR of 9.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 6.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR while Rest of European market (as defined in the study) will reach US$124 Million by the close of the analysis period. North America is a key NPWT devices market, supported by the rising number of acute wound cases and the significant cost of treatment in the US, and easy device availability. Further, the expanding pool of burn patients and patients having pressure ulcers and diabetic foot ulcers on account of rising in cidence of diabetes and obesity, are also fueling growth of the market. Increase in geriatric population who generally are vulnerable to various health conditions such as diabetes is also a providing a boost to the market. The NPWT devices market in APAC is anticipated to record strong growth, attributed to the rising incidence of chronic diseases, and the increasing number of people suffering from acute wounds. Select Competitors (Total 54 Featured) 3M Company Alleva Medical Ltd. ATMOS MedizinTechnik GmbH & Co. KG B. Braun Melsungen AG Cardinal Health, Inc. Carilex Medical GmbH ConvaTec Inc. Cork Medical, LLC DeRoyal Industries, Inc. Devon Medical Products Genadyne Biotechnologies, Inc. Lohmann & Rauscher GmbH & Co. KG Medela AG Mölnlycke Health Care AB Paul Hartmann AG Smith & Nephew PLC Talley Group Limited Triage Meditech Pvt. Ltd.

Read the full report: https://www.reportlinker.com/p06032318/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
COVID-19-Led Delay in Wound Care: The Dire Picture & Efforts to
Improve Outcomes
Pandemic Shifts Focus to Home-Based Wound Care
Competition
EXHIBIT 1: Negative Pressure Wound Therapy (NPWT) – Global Key
Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for
42 Players Worldwide in 2022 (E)
Wound & Wound Management: A Prelude
What is Negative Pressure Wound Therapy (NPWT)?
Negative Pressure Wound Therapy: Indications and Contraindications
Factors Driving Progression of Negative Pressure Wound Therapy
Single Use NPWT Experience Strong Growth Bolstered by Inherent
Attributes and Increased Shifting of Wound care to Home Care
Settings
Recent Market Activity
World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Growing Emphasis on Preventive Wound Healing Bodes Well for
NPWT Market
EXEXHIBIT 2: Leading Nosocomial Infections in the US:
Percentage Breakdown of Healthcare Cost from Leading Five
Infections
Rise in Caesarean Section Procedures Spurs Post-Operative Use
of NPWT Devices
EXHIBIT 3: Number of Cesarean Section Procedures in the US (per
1,000 live births): 2008-2019
Technological Advancements and New Product Launches Crucial to
Sustain Future Growth
Advancements in Foams and Dressings Extend NPWT Application to
Outpatient Settings
Hybrid Negative Pressure Wound Therapy (hNPWT) Widens Growth
Prospects
NPWTi-d Takes Negative Pressure Wound Therapy to Next Level
with Cost Benefits
Rising Incidence of Chronic Wounds and Increasing HealthCare
Burden Catalyze Growth Prospects
Chronic Wounds: Select Statistics
EXHIBIT 4: Global Prevalence of Wounds (in Millions)
EXHIBIT 5: Healing Time by Type of Wound (in Days)
How NPWT Aids in Healing of Acute Wounds
Rise in Prevalence of Pressure Ulcers to Drive Growth
EXHIBIT 6: Pressure Ulcer Occurrence Rate Based on the Length
of Surgery
Global Epidemics of Diabetes and Increasing Incidence of DFUs
to Propel Market Growth
EXHIBIT 7: World Diabetes and Population Statistics (2019, 2030 &
2045)
EXHIBIT 8: World Diabetes Prevalence (2000 – 2040P)
EXHIBIT 9: Global Diabetes Mellitus Population Breakdown by
Geographic Region: 2019, 2030 and 2045
Aging Population: A Strong Growth Driver
EXHIBIT 10: Global Population Statistics for the 65+ Age Group
in Million by Geographic Region for the Years 2019, 2025, 2035
and 2050

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for
Negative Pressure Wound Therapy (NPWT) by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Negative Pressure Wound
Therapy (NPWT) by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Thousand for Years 2016 through 2019 and % CAGR

Table 3: World 11-Year Perspective for Negative Pressure Wound
Therapy (NPWT) by Geographic Region – Percentage Breakdown of
Value Sales for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets for
Years 2016, 2021 & 2027

Table 4: World Recent Past, Current & Future Analysis for
Conventional by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027 and % CAGR

Table 5: World Historic Review for Conventional by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2016 through 2019 and
% CAGR

Table 6: World 11-Year Perspective for Conventional by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2016, 2021 & 2027

Table 7: World Recent Past, Current & Future Analysis for
Single-Use by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027 and % CAGR

Table 8: World Historic Review for Single-Use by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2016 through 2019 and
% CAGR

Table 9: World 11-Year Perspective for Single-Use by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2016, 2021 & 2027

Table 10: World Recent Past, Current & Future Analysis for
Chronic by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for…

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