Global Negative Pressure Wound Therapy Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Negative Pressure Wound Therapy Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product (Reusable Device, and Single-use Device), Wound Type (Diabetic Foot Ulcer, Pressure Ulcer, Venous Leg Ulcer, Burn Wounds, and Other Wound Types), End User (Hospitals, Homecare, and Other End Users), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Negative Pressure Wound Therapy Market was valued at USD 2,505.9 million in 2023 and is expected to reach USD 3,943.1 million by 2031 while growing at a CAGR of 5.8% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global negative pressure wound therapy market growth. Negative Pressure Wound Therapy (NPWT), or vacuum-assisted closure (VAC) therapy, is a medical technique that uses negative pressure, often via a vacuum pump, for managing and healing wounds. This advanced wound care solution is particularly beneficial for the geriatric population, who are more susceptible to conditions like pressure ulcers and vascular diseases.
The increasing incidence of chronic wounds and expanding surgical procedures, coupled with a growing geriatric population, position the negative pressure wound therapy (NPWT) market for substantial growth. Despite favorable factors and continuous global healthcare spending growth, the market may face obstacles, including high treatment costs and technical complexity with training requirements.
Furthermore, the global negative pressure wound therapy industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Analysis
The Global Negative Pressure Wound Therapy Market is segmented among Reusable Device, and Single-use Device, based on product. In 2023, Reusable Device accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Wound Type Analysis
The Global Negative Pressure Wound Therapy Market is segmented among Diabetic Foot Ulcer, Pressure Ulcer, Venous Leg Ulcer, Burn Wounds, and Other Wound Types, based on wound type. In 2023, Pressure Ulcer accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Negative Pressure Wound Therapy Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2021, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are 3M, Talley Group Ltd, Smith & Nephew, Otivio (FlowOx), Molnlycke Health Care AB, Medela AG, DeRoyal Industries Inc., ConvaTec Inc., Cardinal Health, and Paul Hartmann AG.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Negative Pressure Wound Therapy Market Dynamics
Drivers
Restraints
Opportunity
4. Global Negative Pressure Wound Therapy Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Negative Pressure Wound Therapy Market Segmentation, By Product
Global Negative Pressure Wound Therapy Market Share Analysis, By Product
Global Negative Pressure Wound Therapy Market Growth Analysis, By Product
Global Negative Pressure Wound Therapy Market Trends, By Product
o Reusable Device
o Single-use Device
6. Global Negative Pressure Wound Therapy Market Segmentation, By Wound Type
Global Negative Pressure Wound Therapy Market Share Analysis, By Wound Type
Global Negative Pressure Wound Therapy Market Growth Analysis, By Wound Type
Global Negative Pressure Wound Therapy Market Trends, By Wound Type
o Diabetic Foot Ulcer
o Pressure Ulcer
o Venous Leg Ulcer
o Burn Wounds
o Other Wound Types
7. Global Negative Pressure Wound Therapy Market Segmentation, By End User
Global Negative Pressure Wound Therapy Market Share Analysis, By End User
Global Negative Pressure Wound Therapy Market Growth Analysis, By End User
Global Negative Pressure Wound Therapy Market Trends, By End User
o Hospitals
o Homecare
o Other End Users
8. Global Negative Pressure Wound Therapy Market Segmentation, By Region
Global Negative Pressure Wound Therapy Market Share Analysis, By Region
Global Negative Pressure Wound Therapy Market Growth Analysis, By Region
Global Negative Pressure Wound Therapy Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
3M*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Talley Group Ltd.
Smith & Nephew
Otivio (FlowOx)
Molnlycke Health Care AB
Medela AG
DeRoyal Industries Inc.
ConvaTec Inc.
Cardinal Health
Paul Hartmann AG
*Similar analysis will be provided for each company listed above.
