Negative Pressure Wound Therapy Market to Grow with a CAGR of 6.47% through 2028

Increase in awareness and access to advanced wound care technologies is expected to drive the Global Negative Pressure Wound Therapy Market growth in the forecast period, 2024-2028.

According to TechSci Research report, “Negative Pressure Wound Therapy Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Negative Pressure Wound Therapy Market stood at USD 2.34 billion in 2022 and is anticipated to grow with a CAGR of 6.47% in the forecast period, 2024-2028. This can be attributed to clinical evidence. A robust body of clinical evidence supports the use of NPWT in wound care. Studies and trials have demonstrated its effectiveness in promoting faster wound healing, reducing hospitalization durations, and improving patients' quality of life. This scientific validation continues to boost NPWT's credibility and adoption.

Moreover, as the awareness of NPWT's benefits spreads, it is expected that this therapy will become more accessible globally. Emerging markets are likely to play a significant role in driving the growth of the NPWT market as healthcare infrastructure improves and the prevalence of chronic diseases increases.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Negative Pressure Wound Therapy Market.”

The swift global spread of the COVID-19 virus has initiated a worldwide pandemic, resulting in the disruption of healthcare services, including the medical care provided to patients with wounds. Consequently, the delivery of wound care, considered a fundamental clinical service, has undergone a significant transformation. During the pandemic, the primary objectives of negative pressure wound therapy shifted from focusing on complete wound healing to preventing severe complications and reducing the need for surgical procedures and hospitalization. The pandemic's impact on major manufacturers has led to a notable reduction in production, subsequently driving up the costs of wound dressings.

A substantial portion of wounds stem from transport-related injuries, with road accidents being a major contributing factor to the market. However, with the pandemic leading to a significant decrease in public and private transportation activities, the number of patients requiring medical care for wounds has considerably decreased. Overall, it is evident that the COVID-19 pandemic has had an adverse effect on the market. Notably, diabetic ulcers afflict approximately 2% of the U.S. population each year, which is anticipated to support market growth. Furthermore, regions like the Asia Pacific are witnessing a surge in traumatic events, particularly burns, resulting in complete skin damage and dry wound beds. Consequently, the increasing incidence of such traumatic wounds is expected to drive the demand for wound therapeutics and, consequently, boost the market.

The Global Negative Pressure Wound Therapy Market is segmented into product, wound type, end-use, regional distribution, and company.

Based on its wound type, the pressure ulcer category claimed the market's leading position in 2022 and accounted for the largest share of revenue due to its lengthier treatment duration. Patients with pressure ulcers typically require extended hospital stays, which consequently results in higher healthcare costs. Another contributing factor to this growth is the emerging use of pressure ulcer treatment for addressing conditions like bedsores. Conversely, the diabetic foot ulcers segment is expected to exhibit the most substantial Compound Annual Growth Rate (CAGR) during the forecast period, primarily because of its remarkable success in NPWT treatment and the high prevalence of diabetes. Diabetic foot ulcers represent the most prevalent form of chronic wounds, and NPWT significantly expedites the healing process for such injuries. Other wound categories encompass arterial ulcers, surgical wounds, among others.

Based on end-use, the hospital sector held a commanding position in the market in 2022, securing the largest share of revenue. This is primarily attributed to the extensive utilization of conventional devices within hospital environments. However, the home care sector is expected to experience the most rapid growth, displaying the highest Compound Annual Growth Rate (CAGR) in the forthcoming years. The adoption of NPWT therapy in home care settings is on the rise, facilitated by the introduction of single-use NPWT systems. These innovative products eliminate the necessity for hospital admissions, making the overall therapy more cost-effective by enabling its use in the comfort of one's home.

Major companies operating in Global Negative Pressure Wound Therapy Market are:

• Acelity LP Inc
• Talley's Group Ltd
• Smith & Nephew PLC
• Devon Health Services Inc
• Molnlycke Health Care AB
• Medela AG
• DeRoyal Industries Inc
• ConvaTec Inc
• Cardinal Health Inc
• PAUL HARTMANN AG

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“The Global Negative Pressure Wound Therapy market is on the brink of exciting innovations and trends that promise to enhance the delivery of wound care and improve patient outcomes. From wearable devices to bioactive therapies and personalized wound care plans, these upcoming trends are poised to reshape the landscape of NPWT, making it more efficient, accessible, and patient-centric. As the NPWT market continues to evolve, it will play an increasingly vital role in addressing the complex wound care needs of patients worldwide,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Negative Pressure Wound Therapy Market By Product (Conventional NPWT, Single-Use NPWT), By Wound Type (Diabetic Foot Ulcers, Venous Leg Ulcers, Pressure Ulcers, Burn Wounds, Others), By End-use (Hospitals, Homecare, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Negative Pressure Wound Therapy Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Negative Pressure Wound Therapy Market.

Contact

Techsci Research LLC

420 Lexington Avenue,  Suite 300,

New York, United States- 10170

M: +13322586602

Email: [email protected]

Website: https://www.techsciresearch.com