Global Negative Pressure Wound Therapy Market Size 2021, By Product (Conventional NPWT devices, Single-use NPWT devices), Wound Type (Surgical, Traumatic wounds, Ulcers, Burns), End-user (Hospitals and Clinics, Home Care Setting), Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), and Forecast 2022 to 2032

The size of the global market for Negative Pressure Wound Therapy is expected to reach US$ 9.9 Bn by 2032, expanding at a compound annual growth rate (CAGR) of 5.2%.

The global negative pressure wound therapy market revenue is projected to reach close to USD 3,338.73 million by 2028, registering a CAGR of 5.7% for the estimated timeframe, 2021-2028. The growth projections are directly proportional to an upsurge of chronic disease occurrences such as diabetes mellitus and obesity. In addition to this, increasing patient awareness about the low-cost NPWT devices and rising fatalities due to accidents and traumas are also boosting the global negative pressure wound therapy market growth. However, dearth of educated professionals and difficulties faced by users pertaining to the usage of negative pressure wound therapy devices are likely to hamper growth in negative pressure wound therapy market. Furthermore, innovations in treatment protocols, government initiatives towards betterment of wound management to prevent surgical site infections and high potential in the underdeveloped and emerging nations are anticipated to be potent growth opportunities for the global negative pressure wound therapy market.  

Negative pressure wound therapy devices are certain types of medical devices that are used for treating wounds implementing negative pressure. Negative pressure wound therapy devices are usually used to pump out the exudate material from the wound creating negative pressure which in turn helps accelerate healing and reduce infection. For example, canisters placed to remove material from a wound is gain huge traction in wound management across hospital and home care settings. The device used to pump out infectious material from a wound using negative pressure is called negative pressure wound therapy and the devices used to exert negative pressure are called negative pressure wound

devices. The purpose of the negative pressure wound therapy devices is to treat a variety of wounds including chronic and acute wound thereby accelerating the healing process and reduce infection. Devices employed to treat acute wounds like ulcers are also classed under negative pressure wound therapy devices. The market is comprised of well-established players and new entrants introducing simplified single usage devices and bringing technologically advanced NPWT resulting into market attractiveness for the new entrants and putting pressure on the established players.

The key players in the Global Negative Pressure Wound Therapy Market are Medela, Cardinal Health, Genadyne, Molnlycke Health Care AB, Lohmann & Rauscher Smith & Nephew, and 3M among others who held market leadership in providing sophisticated wound treatment products. The Global Negative Pressure Wound Therapy Market is identified by the presence of several emerging players and established veterans positioning the best business practices. Additionally, to maintain a competitive position in the market these players are introducing new and advanced solutions to the customer in the global market.

Negative Pressure Wound Therapy Market Scope

Key Segments of the Global Negative Pressure Wound Therapy Market

Product Type Overview,(USD Million)

• Conventional NPWT devices
• Single-use NPWT devices Wound

Wound Type Overview, (USD Million)

• Surgical
• Traumatic wounds
• Ulcers
  • Diabetic foot ulcers  
  • Pressure ulcers
  • Venous ulcers

• Burns

End-User Overview, (USD Million)

• Hospitals and clinics
• Home care setting

Region Overview, (USD Million)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Reasons for the study

• This report studies the negative pressure wound therapy market in detail by county, by type, by product, by end-user, and by geography.
• The report discusses the largest market segments, key growth market segments, Compound Annual Growth Rate from 2021 to 2028.
• The report provides an overall outlook of the market presenting the drivers, threats, opportunities, challenges, and latest trends impacting the global “keyword” market growth.
• Porter’s Five Forces analysis is done to study the bargaining power of suppliers and customers in the market, threat of new entrants, competition, and threat to traditional products of new substitutes.
• SWOT analysis is done to identify strength, limiting factors, opportunity, and challenges in individual market segments.  

What does the report include?

• Market trends that are expected to have a major influence on the “keyword” industry study of leading participants.
• The important market categories that have been sharing maximum shareholding in the market.
• Financial information of the important manufacturers that have captured the market locally as well as globally.
• Financial information of the overall global “keyword” market from 2019-2020 in US million dollars.
• Major developments shaping the industry such as important events, high value investments, mergers & acquisitions.
• Highlights of the strengths of the market, growth opportunities, and key limiting factors likely to hamper marker performance in the market.
• Key factors in the market that need to be understood and addressed by the market players.
• Future market estimates and growth projections depending upon the past and current market data.

Who should buy this report?

• The report is designed to adequately resonate with the needs of industry stakeholders such as researcher fraternity, healthcare professionals as well as management executives who constantly remain abreast with the most recent happenings in the global ‘keyword’ market.
• Entities involved in the negative pressure wound therapy supply chain can refer this report as a source of authentic and reliable information of the market.