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By 2030, the market for negative pressure wound therapy is projected to reach USD 5.24 billion, growing at a 6.5% CAGR from 2023 to 2030.
Negative pressure wound therapy (NPWT), commonly referred to as vacuum therapy or vacuum-assisted wound closure, is a medical procedure used to treat and maintain difficult or chronic wounds. It entails employing specialised devices to apply controlled negative pressure or vacuum to a wound, which aids in boosting wound healing, lowering wound problems, and speeding up wound closure. For NPWT, a device consisting of a wound dressing, a drainage tube coupled to a vacuum source, and a collection canister to gather the wound exudate is commonly used. To produce a vacuum, the dressing is put to the wound bed and sealed with an airtight closure. The vacuum source creates regulated negative pressure, which aids in clearing the wound of extra fluid, debris, and bacteria while also boosting blood flow and encouraging the growth of healthy granulation tissue.
Driving Factors
Several important aspects are what drive the market for negative pressure wound therapy (NPWT). First, the demand for advanced wound care solutions like NPWT is being driven by the rising prevalence of chronic wounds, such as diabetic foot ulcers and pressure ulcers, caused by factors including an ageing population and rising incidence of chronic diseases like diabetes and obesity. The effectiveness and patient compliance of NPWT are being enhanced by technological developments in NPWT devices, such as improved design, portability, and connection, which is encouraging their implementation in diverse healthcare settings. Thirdly, the advantages of NPWT in enhancing wound healing and minimising complications are becoming more well known among medical professionals, patients, and carers.
Restraining Factors
The negative pressure wound therapy (NPWT) industry is constrained by a number of factors, such as the high cost of NPWT equipment and consumables, problems with insurance coverage, a shortage of trained and skilled healthcare personnel, and regulatory and compliance obstacles. Accessibility for some patients and medical facilities may be hampered by the price of NPWT equipment and consumables. Coverage and reimbursement for NPWT can be difficult due to varying reimbursement policies. Adoption may be hampered by a shortage of qualified medical personnel and enough training. Market entry and expansion may be hampered by strict rules governing product safety and approval. For the NPWT market to expand and see widespread acceptance, it will be critical to address these limitations.
Report Coverage
Global Negative Pressure Wound Therapy research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Negative Pressure Wound Therapy report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Negative Pressure Wound Therapy competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Negative Pressure Wound Therapy market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Negative Pressure Wound Therapy market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Negative Pressure Wound Therapy market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Acelity L.P. Inc., Smith & Nephew, ConvaTec Group PLC, Cardinal Health, Paul Hartmann AG, Medela LLC, Genadyne Biotechnologies, Inc., Triage Meditech Pvt. Ltd., Talley Group, Alleva Medical Ltd., Lohmann & Rauscher GmbH & Co. KG, Devon Medical Products, Mölnlycke Health Care AB
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Negative Pressure Wound Therapy market based on the below-mentioned segments:
Global Negative Pressure Wound Therapy Market, By Product Type
Global Negative Pressure Wound Therapy market, By Wound Type
Global Negative Pressure Wound Therapy Market, By End User
Global Negative Pressure Wound Therapy market, Regional Analysis
Negative pressure wound therapy (NPWT), commonly referred to as vacuum therapy or vacuum-assisted wound closure, is a medical procedure used to treat and maintain difficult or chronic wounds. It entails employing specialised devices to apply controlled negative pressure or vacuum to a wound, which aids in boosting wound healing, lowering wound problems, and speeding up wound closure. For NPWT, a device consisting of a wound dressing, a drainage tube coupled to a vacuum source, and a collection canister to gather the wound exudate is commonly used. To produce a vacuum, the dressing is put to the wound bed and sealed with an airtight closure. The vacuum source creates regulated negative pressure, which aids in clearing the wound of extra fluid, debris, and bacteria while also boosting blood flow and encouraging the growth of healthy granulation tissue.
Driving Factors
Several important aspects are what drive the market for negative pressure wound therapy (NPWT). First, the demand for advanced wound care solutions like NPWT is being driven by the rising prevalence of chronic wounds, such as diabetic foot ulcers and pressure ulcers, caused by factors including an ageing population and rising incidence of chronic diseases like diabetes and obesity. The effectiveness and patient compliance of NPWT are being enhanced by technological developments in NPWT devices, such as improved design, portability, and connection, which is encouraging their implementation in diverse healthcare settings. Thirdly, the advantages of NPWT in enhancing wound healing and minimising complications are becoming more well known among medical professionals, patients, and carers.
Restraining Factors
The negative pressure wound therapy (NPWT) industry is constrained by a number of factors, such as the high cost of NPWT equipment and consumables, problems with insurance coverage, a shortage of trained and skilled healthcare personnel, and regulatory and compliance obstacles. Accessibility for some patients and medical facilities may be hampered by the price of NPWT equipment and consumables. Coverage and reimbursement for NPWT can be difficult due to varying reimbursement policies. Adoption may be hampered by a shortage of qualified medical personnel and enough training. Market entry and expansion may be hampered by strict rules governing product safety and approval. For the NPWT market to expand and see widespread acceptance, it will be critical to address these limitations.
Report Coverage
Global Negative Pressure Wound Therapy research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Negative Pressure Wound Therapy report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Negative Pressure Wound Therapy competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Negative Pressure Wound Therapy market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Acelity L.P. Inc., Smith & Nephew, ConvaTec Group PLC, Cardinal Health, Paul Hartmann AG, Medela LLC, Genadyne Biotechnologies, Inc., Triage Meditech Pvt. Ltd., Talley Group, Alleva Medical Ltd., Lohmann & Rauscher GmbH & Co. KG, Devon Medical Products, Mölnlycke Health Care AB |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Negative Pressure Wound Therapy Market from 2021 to 2030.
- Market Forecast for Negative Pressure Wound Therapy Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Negative Pressure Wound Therapy competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Negative Pressure Wound Therapy
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Negative Pressure Wound Therapy market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Negative Pressure Wound Therapy market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Acelity L.P. Inc., Smith & Nephew, ConvaTec Group PLC, Cardinal Health, Paul Hartmann AG, Medela LLC, Genadyne Biotechnologies, Inc., Triage Meditech Pvt. Ltd., Talley Group, Alleva Medical Ltd., Lohmann & Rauscher GmbH & Co. KG, Devon Medical Products, Mölnlycke Health Care AB
Primary Target Market
- Market Players of Negative Pressure Wound Therapy
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Negative Pressure Wound Therapy market based on the below-mentioned segments:
Global Negative Pressure Wound Therapy Market, By Product Type
- Conventional NPWT Devices
- Disposable NPWT Devices
- NPWT Accessories
Global Negative Pressure Wound Therapy market, By Wound Type
- Burns and Surgical & Open Wounds
- Pressure Ulcers
- Diabetic Foot Ulcers
- Venous Leg Ulcers
- Traumatic Wounds
Global Negative Pressure Wound Therapy Market, By End User
- Hospitals
- Home Care Settings
- Others
Global Negative Pressure Wound Therapy market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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