NPWT is a non-invasive therapeutic technique that uses negative pressure to promote the healing chronic and acute wounds. It is used to manage a wide range of wounds, including diabetic ulcers, pressure ulcers, traumatic wounds, and surgical incisions.
The market for negative pressure wound therapy will reach
USD 3.92 billion by 2030, growing at a CAGR of 5.7% from 2021 to 2030. This growth is due to factors such as the increasing rate of chronic diseases such as diabetes, the rising number of surgical procedures, and the growing geriatric population.
North America dominates the NPWT market, followed by Europe and Asia Pacific. The rising rate of chronic wounds and the growing number of surgical procedures are major factors driving the market growth in this region.
Market Dynamics
Drivers
The increasing frequency of chronic disorders such as diabetes and obesity is the primary factor driving the growth of the NPWT market. Diabetes, in particular, is a major contributor to chronic wounds, which are often difficult to heal without proper treatment, making NPWT an important therapy for these patients. The growing geriatric population is also more prone to chronic wounds and requires effective wound care management, which is expected to drive market growth further.
Moreover, the advancements in technology, especially the development of advanced single-use NPWT devices, have made wound care more effective and efficient, thereby boosting the market growth. Furthermore, the improved healthcare infrastructure and increased investment in R&D activities will drive the market further, leading to the development of new and innovative NPWT devices and therapies.
Overall, the NPWT market will grow due to the increasing rate of chronic wounds and the growing demand for non-invasive wound care therapies.
Restraints
Factors such as the high cost of NPWT devices and the lack of skilled specialists are restraining the market growth of the NPWT devices market.
Opportunity
In-home care settings, the adoption of transportable and disposable NPWT models protects patients from reinfections that can result in potential amputations. Additionally, it avoids hospital stay expenses and enables the patient to feel comfortable at his own house. A study found that the starting price for NPWT dressing for home care is about USD 90. In order to take advantage of future market prospects, governmental organizations are stressing the improvement in the manufacture of certain NPWT models.
Market Segmentation
By Wound Type
Due to extended treatment times, the pressure ulcer category led the market and had the highest revenue share of 31.3% in 2021. When admitted to hospitals, patients with pressure ulcers must stay for extended periods of time, which raises healthcare expenses. Its recent use in treating pressure wounds like bedsores is another element boosting this increase.
On the other hand, because of its enormous success rate in treating NPWT, as well as the high prevalence of diabetes, the diabetic foot ulcer sector will expand rapidly. The most prevalent forms of chronic wounds are diabetic foot ulcers, and NPWT speeds up their recovery.
By Product
Due to their high cost and expanding acceptance, the conventional devices sector accounted for the biggest revenue share of 88.0% in 2021. Due to the usage of hefty canisters, such systems necessitate hospital admission and are inappropriate for homecare settings.
By End-User
Due to the widespread usage of conventional devices in medical settings, the hospital segment ruled the market in 2021 with 52.5% of the revenue share.
Furthermore, the home care setting segment will expand at a rapid rate. With the emergence of single-use NPWT equipment, NPWT therapy is becoming more prevalent in homecare settings. These tools make therapy more affordable overall by removing the need for hospital visits when used at home.
Regional Analysis
North America was the biggest regional market, with a revenue share of nearly 38.9% in 2021. It is due to growing healthcare costs and well-established healthcare infrastructure in this region. As a result, NPWT devices are now more widely used in hospitals and home healthcare settings. During the projected period, the market in Asia Pacific will display a profitable CAGR. This is mostly owing to the rise in traumatic incidents like burns, which is fueling demand for therapy in this area.
Key Players
- Talley Group Ltd.
- ConvaTec Inc.
- Smith & Nephew
- Medela AG
- Cardinal Health
- Mölnlycke Health Care AB
- Lohmann and Rauscher GmbH & Co. KG
- PAUL HARTMANN Asia-Pacific Ltd.
- 3M Acelity L.P. Inc.
The market for negative pressure wound therapy will reach USD 3.92 billion by 2030, growing at a CAGR of 5.7% from 2021 to 2030. The market is largely driven by the rise in traumatizing incidents and accidents, which creates a demand for quicker dressing methods.
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