Global Negative Pressure Wound Therapy (NPWT) Market Size to Reach USD 4.27 Billion in 2030 | Emergen Research

Vancouver, Sept. 13, 2023 (GLOBE NEWSWIRE) -- The global Negative Pressure Wound Therapy (NPWT) market size was USD 2.59 Billion in 2021 and is expected to register a revenue CAGR of 5.7% during the forecast period, according to latest analysis by Emergen Research. Increase in accidents and burn wounds is a major factor driving market revenue growth. Road traffic accidents result in significant economic damages for victims, their families, and entire countries. These costs result from the price of medical care, lost wages for individuals who are killed or rendered incapacitated by their injuries, and caregiving expenses for family members who must take time off from work or school to look after the injured.

According to World Health Organization (WHO), a road traffic collision claims lives of almost 1.3 million individuals every year, while an additional 20 to 50 million people who sustain non-fatal injuries develop disabilities. Rate of fatalities from road accidents is highest in Africa and lowest in Europe. People from poorer socioeconomic origins are more likely to be involved in traffic accidents, even in high-income countries.

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In addition, introduction of technically advanced NPWT devices is another key factor driving market revenue growth. For instance, in October 2020, Nisus Touch and Nisus One are two new Negative Pressure Wound Therapy (NPWT) devices that have been introduced by Cork Medical, a market leader in wound care solutions. Each pump was developed for wound care specialists and each one delivers a strong flow rate to handle tougher wounds, superior precise pressure for best healing results, and a handy portable design to facilitate patient mobility.

Nisus One is the first device of its kind to streamline user interaction without sacrificing strength or performance. With a simple single button interface, the gadget makes it simple for people and medical professionals to apply negative pressure wound care to any wound. While, Nisus Touch is a special blend of strength and innovation, which  enhances clinical outcomes.

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Scope of Research

Major Companies and Competitive Landscape

The global negative pressure wound therapy market is moderately consolidated, with many small and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, and introducing more effective devices. Some major players included in the global negative pressure wound therapy market report are:

• 3M Company
• Talley Group Ltd.
• Smith+Nephew
• Cardinal Health, Inc.
• Devon Medical Products
• Mölnlycke Health Care AB
• DeRoyal Industries, Inc.
• Medela AG
• ConvaTec Inc.
• Paul Hartmann AG

Strategic Development

• On 24 January 2022, Smith+Nephew announced new indications for PICO 7 and PICO 14 Single Use Negative Pressure Wound Therapy (sNPWT) Systems. In addition, FDA approved PICO 7Y System, which simultaneously treats two wounds, to help lower incidence of superficial incisional SSIs, post-operative seroma, and dehiscence for high-risk patients with Class I wounds. It has been shown that PICO System can help to lower the risk of surgical site infection for up to 7 days.
• On 13 March 2020, Medela LLC. announced that its Invia Liberty and Invia Motion Systems have been awarded an Innovative Technology contract by Vizient, Inc., the country's biggest member-driven healthcare performance improvement firm. The contract was awarded based on hospital specialists in this field who work on one of Vizient's member-led councils recommending Invia Liberty and Invia Motion Negative Pressure Wound Therapy Systems (NPWT).

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Some Key Highlights From the Report

• The conventional NPWT segment accounted for a significant revenue share in 2021. Traditional NPWT is typically utilized for acute and chronic open wounds when primary closure is impractical such as open abdomen, trauma wounds, breast reconstruction, diabetic foot, and leg ulcers, burns, and graft sites. Single-use NPWT (sNPWT), which is complimentary to traditional NPWT, can be applied in stages as the course of treatment develops for wounds in the last stages of healing, where sNPWT can be worn for up to 7 days, while, wound closure can start with traditional NPWT and be continued with it depending on patient's health and the status of wound.
• The diabetic foot ulcer segment accounted for a significant revenue share in 2021. Diabetic foot ulcers are one of the most common problems connected with diabetes, putting a strain on many countries throughout the world. Faster wound healing reduces hospitalization and avoids the added morbidity associated with chronic wounds. Negative pressure wound therapy devices are in high demand due to growing prevalence of diabetic foot ulcers worldwide, as they are one of the most successful, safe, and cost-effective means of treating diabetic foot ulcers. These benefits will significantly  drive revenue growth of this segment during the forecast period.
• The North America market accounted for largest revenue share in 2021. Significant investments in healthcare facilities is a key factor driving market revenue growth. In addition, increasing high incidence of chronic wounds, such as diabetes, is another factor driving market revenue growth in this region. Moreover, the government is conducting number of programs to raise public awareness of early diagnosis. For instance, the National Diabetes Education Program (NDEP), which is conducted in collaboration between Centers for Disease Control and Prevention (CDC) and National Institutes of Health, aims to lower prevalence of prediabetes by educating population on various health implication of diabetes and related measures.
• On 24 August 2021, Aatru Medical, LLC. received FDA 510(k) Class II approval for  Negative Pressure Surgical Incision Management System (NPSIMS). The NPSIMS employs a novel way of operation that avoids costly electromechanical pump, battery, and electronics used in majority of conventional Negative Pressure Wound Therapy (NPWT) systems used for closed surgical incision applications.

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Emergen Research has segmented the global negative pressure wound therapy market based on product type, wound type, end-use, and region:

• Product Type Outlook (Revenue, USD Billion; 2019-2030)
  • Conventional NPWT
  • Single-Use NPWT
  • Accessories
• Wound Type Outlook (Revenue, USD Billion; 2019-2030)
  • Diabetic Foot Ulcer
  • Pressure Ulcer
  • Venous Leg Ulcer
  • Burn Wounds
  • Others
• End-Use Outlook (Revenue, USD Billion; 2019-2030)
  • Hospitals and Clinics
  • Homecare
  • Ambulatory Surgical Centers
• Regional Outlook (Revenue, USD Billion; 2019-2030)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. UK
    4. Italy
    5. Spain
    6. Benelux
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of Middle East & Africa v  vgf

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