Negative Pressure Wound Therapy Devices Market Growth 2030
[Research Report] The negative pressure wound therapy devices market size is projected to grow from US$ 2.03 billion in 2022 to US$ 3.15 billion by 2030; the market is estimated to record a CAGR of 5.6% during 2022–2030.
Market Insights and Analyst View:
Negative pressure wound therapy, or NPWT, was first applied in clinical settings in the early 1990s and has since gained widespread acceptance as a treatment option for complex wounds for both inpatient and outpatient. NPWT has been integrated into hospital-based outpatient facilities. Hospitals have been treating patients with the help of NPWT devices for a long time and offer the best conditions for the treatments, including sterile procedure rooms, optional anesthesia, quick access to analgesics, trained staff, and continuous patient observation. NPWT was first used for treating postsurgical wounds in outpatient facilities outside of hospitals, and then it was practiced to treat complex and difficult-to-heal wounds. Due to variations in health care systems and payment for services rendered in this context, there are significant national differences in the application of NPWT in home care settings.
The use of single-use simplified NPWT devices has significantly increased. This development acknowledges the advantages of having NPWT "off-the-shelf" and at a lower cost base. It encompasses electrically and mechanically powered devices. Single use devices widely preferred to lower the complications such as dehiscence or infection when applied over closed surgical incisions. Compared to the original plans for devices when they were first introduced into clinics, the indications of what kinds of wounds can be treated with NPWT have already expanded due to technological advancements in the field. For instance, new wound types (small, surgical wounds) can now be treated in new environments (such as short-term home care) owing to the availability of smaller, single-use disposable pumps. Furthermore, the previously mentioned novel interventions in progress could potentially augment the heightened assimilation.
Growth Drivers:
Favorable Reimbursement Policies Drives Negative Pressure Wound Therapy Devices Market Growth
One benefit of device reimbursement for negative pressure wound therapy (NPWT) is that it makes advanced wound care more accessible. This successful treatment for patients with complex wounds is encouraged when healthcare providers receive reimbursement for NPWT devices. The use of NPWT devices can prevent complications related to chronic wounds, resulting in better patient outcomes, faster healing, and possibly lower overall healthcare costs. Reimbursement encourages healthcare facilities to purchase and implement these technologies, which is advantageous for patients and the healthcare system.
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97605 | Negative pressure wound therapy (e.g., vacuum assisted drainage collection), utilizing durable medical equipment (DME), including topical application(s), wound assessment, and instruction(s) for ongoing care, per session; total wound(s) surface area less than or equal to 50 square centimeters |
97606 | Negative pressure wound therapy (e.g., vacuum assisted drainage collection), utilizing durable medical equipment (DME), including topical application(s), wound assessment, and instruction(s) for ongoing care, per session; total wound(s) surface area greater than 50 square centimeters |
97607 | Negative pressure wound therapy (e.g., vacuum assisted drainage collection), utilizing disposable, non-durable medical equipment including provision of exudate management collection system, topical application(s), wound assessment, Page 6 of 7 Medicare MP192 and instructions for ongoing care, per session; total wound(s) surface area less than or equal to 50 square centimeters |
97608 | Negative pressure wound therapy (e.g., vacuum assisted drainage collection), utilizing disposable, non-durable medical equipment including provision of exudate management collection system, topical application(s), wound assessment, and instructions for ongoing care, per session; total wound(s) surface area greater than 50 square centimeters |
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A6550 | Wound care set for negative pressure wound therapy electrical pump includes all supplies and accessories. |
A7000 | Canister, disposable, used with suction pump, each |
A9270 | Non-covered item or service |
A9272 | Wound suction, disposable, includes dressing, all accessories and components, any type, each |
E2402 | Negative pressure wound therapy electrical pump, stationary or portable |
Source: Cardinal Health
Thus, favorable reimbursement policies boost the negative pressure wound therapy devices market growth.
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Negative Pressure Wound Therapy Devices Market: Strategic Insights
Market Size Value in US$ 2.03 billion in 2022 Market Size Value by US$ 3.15 billion by 2030 Growth rate CAGR of 5.6% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Negative Pressure Wound Therapy Devices Market: Strategic Insights
| Market Size Value in | US$ 2.03 billion in 2022 |
| Market Size Value by | US$ 3.15 billion by 2030 |
| Growth rate | CAGR of 5.6% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Report Segmentation and Scope:
The “negative pressure wound therapy devices market analysis” has been carried out by considering the product, wound type, and end user segments.
Segmental Analysis:
By product, the negative pressure wound therapy devices market is bifurcated into reusable NPWT device and single-use NPWT device. The reusable NPWT device segment held a larger market share in 2022 and is anticipated to register a CAGR of 5.8% during the forecast period.
Reusable devices are more economical as they remove the necessity of constantly purchasing single-use items this in turn to drive the growth of segment
The negative pressure wound therapy devices market, by wound type, is segmented into diabetic foot ulcer, pressure ulcer, venous leg ulcers, and others. The pressure ulcer segment held the largest market share in 2022 and is anticipated to register the highest CAGR of 6.0% during the forecast period.
The negative pressure wound therapy devices market, by end user, is categorized into hospitals, homecare, and others. The hospitals segment held the largest market share in 2022 and is anticipated to register the highest CAGR of 5.9% during the forecast period.
Regional Analysis:
The scope of the global negative pressure wound therapy devices market report includes the assessment of the market performance in North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. In 2022, North America held the largest negative pressure wound therapy devices market share. The aging population in Canada raises the incidence of chronic wounds, which fuels demand for cutting-edge wound care products such as NPWT devices. There is a growing need for efficient wound management treatments due to the increasing prevalence of chronic diseases, including diabetes and obesity, which propels the risk of chronic wounds. The Canadian NPWT device market is dynamic and expanding due to these factors.
Future Opportunities:
A high prevalence of chronic wounds is frequently reported in developing nations owing to factors such as an increase in the incidence of contagious diseases and inadequate healthcare infrastructure. Unmet medical needs can be addressed by NPWT devices, as they can provide advanced wound care solutions. According to an article published in the International Society for Pharmacoeconomics and Outcomes Research, Inc (ISPOR), 15% of diabetics in India experience diabetic foot ulcers (DFUs) at some point in their lives. Thus, rising demand for NPWT devices in developing economies is likely to create ample opportunities for the negative pressure wound therapy devices market during the forecast period.
Negative Pressure Wound Therapy Devices Market Report Scope
Competitive Landscape and Key Companies:
The negative pressure wound therapy devices market forecast can help stakeholders in this marketplace plan their growth strategies. 3M; Smith+Nephew; DeRoyal Industries, Inc.; Nexa Medical Limited; Lion Street Medical, LLC (Pensar Medical LLC); ConvaTec Inc.; Cardinal Health, Inc.; Mölnlycke Health Care AB; PAUL HARTMANN; and Medela AG are among the prominent companies profiled in the negative pressure wound therapy devices market report. These companies focus on developing new technologies, upgrading existing products, and expanding their geographic presence to meet the growing consumer demand worldwide.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Wound Type, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global negative pressure wound therapy devices market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. North America held the largest market share of the negative pressure wound therapy devices market in 2022.
3M and Smith+Nephew are the top two companies that hold huge market shares in the negative pressure wound therapy devices market.
The negative pressure wound therapy devices market majorly consists of players such 3M, Smith+Nephew, DeRoyal Industries, Inc., Nexa Medical Limited, Lion Street Medical, LLC (Pensar Medical LLC), ConvaTec Inc., Cardinal Health, Inc., Mölnlycke Health Care AB, PAUL HARTMANN, and Medela AG.
The pressure ulcer segment dominated the global negative pressure wound therapy devices market and held the largest market share in 2022.
The CAGR value of the negative pressure wound therapy devices market during the forecasted period of 2022-2030 is 5.6%
The reusable NPWT device segment held the largest market share in the global negative pressure wound therapy devices market and held the largest market share in 2022.
Negative pressure wound therapy (NPWT), also known as vacuum-assisted wound closure, describes wound dressing systems that apply subatmospheric pressure to the system on a continuous or sporadic basis. This creates a positive pressure on the wound's surface.
Key factors driving the growth of this market are favorable reimbursement and an increase in the prevalence of diabetic foot ulcer, pressure ulcer, etc., which is expected to boost the market growth for negative pressure wound therapy devices over the years.
1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. Negative Pressure Wound Therapy Devices Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Negative Pressure Wound Therapy Devices Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Negative Pressure Wound Therapy Devices Market - Global Market Analysis
6.1 Negative Pressure Wound Therapy Devices - Global Market Overview
6.2 Negative Pressure Wound Therapy Devices - Global Market and Forecast to 2030
7. Negative Pressure Wound Therapy Devices Market – Revenue Analysis (USD Million) – By Product, 2020-2030
7.1 Overview
7.2 Reusable NPWT Device
7.3 Single-use NPWT Device
8. Negative Pressure Wound Therapy Devices Market – Revenue Analysis (USD Million) – By Wound Type, 2020-2030
8.1 Overview
8.2 Diabetic Foot Ulcer
8.3 Pressure Ulcer
8.4 Venous Leg Ulcer
8.5 Others
9. Negative Pressure Wound Therapy Devices Market – Revenue Analysis (USD Million) – By End User, 2020-2030
9.1 Overview
9.2 Hospitals
9.3 Homecare
9.4 Others
10. Negative Pressure Wound Therapy Devices Market - Revenue Analysis (USD Million), 2020-2030 – Geographical Analysis
10.1 North America
10.1.1 North America Negative Pressure Wound Therapy Devices Market Overview
10.1.2 North America Negative Pressure Wound Therapy Devices Market Revenue and Forecasts to 2031
10.1.3 North America Negative Pressure Wound Therapy Devices Market Revenue and Forecasts and Analysis - By Product
10.1.4 North America Negative Pressure Wound Therapy Devices Market Revenue and Forecasts and Analysis - By Wound Type
10.1.5 North America Negative Pressure Wound Therapy Devices Market Revenue and Forecasts and Analysis - By End User
10.1.6 North America Negative Pressure Wound Therapy Devices Market Revenue and Forecasts and Analysis - By Countries
10.1.6.1 United States Negative Pressure Wound Therapy Devices Market
10.1.6.1.1 United States Negative Pressure Wound Therapy Devices Market, by Product
10.1.6.1.2 United States Negative Pressure Wound Therapy Devices Market, by Wound Type
10.1.6.1.3 United States Negative Pressure Wound Therapy Devices Market, by End User
10.1.6.2 Canada Negative Pressure Wound Therapy Devices Market
10.1.6.2.1 Canada Negative Pressure Wound Therapy Devices Market, by Product
10.1.6.2.2 Canada Negative Pressure Wound Therapy Devices Market, by Wound Type
10.1.6.2.3 Canada Negative Pressure Wound Therapy Devices Market, by End User
10.1.6.3 Mexico Negative Pressure Wound Therapy Devices Market
10.1.6.3.1 Mexico Negative Pressure Wound Therapy Devices Market, by Product
10.1.6.3.2 Mexico Negative Pressure Wound Therapy Devices Market, by Wound Type
10.1.6.3.3 Mexico Negative Pressure Wound Therapy Devices Market, by End User
Note - Similar analysis would be provided for below mentioned regions/countries
10.2 Europe
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Middle East and Africa
10.4.1 South Africa
10.4.2 Saudi Arabia
10.4.3 U.A.E
10.4.4 Rest of Middle East and Africa
10.5 South and Central America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South and Central America
11. Industry Landscape
11.1 Mergers and Acquisitions
11.2 Agreements, Collaborations, Joint Ventures
11.3 New Product Launches
11.4 Expansions and Other Strategic Developments
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning and Concentration
13. Negative Pressure Wound Therapy Devices Market - Key Company Profiles
13.1 3M
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
Note - Similar information would be provided for below list of companies
13.2 Smith+Nephew
13.3 DeRoyal Industries, Inc.
13.4 Lion Street Medical, LLC (Pensar Medical, LLC)
13.5 Convatec Inc.
13.6 Cardinal Health
13.7 Mölnlycke Health Care AB
13.8 PAUL HARTMANN AG
13.9 Medela
13.10 Nexa Medical Limited
14. Appendix
14.1 Glossary
14.2 About The Insight Partners
14.3 Market Intelligence Cloud
The List of Companies - Negative Pressure Wound Therapy Devices Market
- 3M
- Smith+Nephew
- DeRoyal Industries, Inc.
- Nexa Medical Limited
- Lion Street Medical, LLC (Pensar Medical LLC)
- ConvaTec Inc.
- Cardinal Health, Inc.
- Mölnlycke Health Care AB
- PAUL HARTMANN
- Medela AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
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- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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