Growing Prevalence of Diabetes and Rising Geriatric Population is Expected to Provide Significant Opportunities to NPWT Devices Market Players

Negative pressure wound therapy (NPWT) is a process of removal of the fluid and infection from a wound, this therapy involves a special bandage, tubing, a negative pressure device, and a canister to collect fluids from the wound. NPWT is also called vacuum-assisted wound closure therapy, it has become a popular treatment for many acute and chronic wounds.

The market for NPWT devices is mainly driven by the rising prevalence of chronic wounds such as diabetic foot ulcers, and venous ulcers, among others. In addition, the growing number of surgeries has also resulted in rising in the number of traumatic and surgical wounds, which is further driving the market. Wound care products, such as NPWT devices are increasingly being used to prevent surgical site infections. NPWT is a special medical dressing that is attached to a vacuum pump and helps in healing the wounds by covering the surface. It reduces the risk of infection by sucking the fluid from the wound. Thus, the global negative pressure wound therapy devices market is expected to witness a CAGR of ~7% during the forecast period (2021-2027F).

COVID-19 had a great impact on the market for the NPWT Devices, with the industry witnessing demand shock across all regions amid the pandemic. The global demand for medical devices and supplies drastically increased during the pandemic, the existing shortage of medical equipment coupled with surging COVID-19 cases increased the demand for the devices. However, worldwide imposed lockdowns and restrictions on international supplies halted the supply chain of the raw material, and transportation of the devices also had a significant effect on the market growth.

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Based on product type, the market is segmented into single-use NPWT devices and conventional NPWT devices. In 2020, the conventional NPWT device segment accounted for the larger market share. Furthermore, market growth is driven by the increasing geriatric elderly population, suffering from different types of chronic diseases and the growing prevalence of diabetes mellites. In addition, among chronic wounds, foot ulcer is expected to witness the fastest growth rate during the forecast period.

Based on wound type, the market has been bifurcated into chronic wounds and acute wounds. Among these, chronic wound type is expected to witness significant CAGR during the forecast period. Due to rising the use of NPWT devices for the treatment of diabetic foot ulcers. In addition, according to NCBI in 2017, the prevalence of diabetic foot ulcers was ~6% across the world.

Based on end-users, the global market is categorized into hospitals & clinics, homecare settings, and others. In 2020, the hospitals and clinics end-user category held a significant share in the market and is expected to grow with a strong CAGR during the forecast period (2021-2027F). The growth of this segment is due to the large number of treatment procedures conducted in hospitals and the easy availability of reimbursements.

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For a better understanding of the market, the report provides a detailed analysis of major regions and countries including North America (U.S., Canada, Rest of North America), Europe (Germany, United Kingdom, France, Spain, Italy, Rest of Europe), APAC (China, Japan, India, Rest of APAC), and Rest of the World. In 2020, North America accounted for the largest market share. This is mainly attributed to the growing prevalence of chronic diseases, rising geriatric population coupled with the increasing number of surgical procedures, and incidence of burn injuries. In addition, the rising diabetic population is also one of the major factors driving the region’s market for NPWT devices.

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Some of the major players operating in the market include 3M Company, Smith & Nephew plc, Mölnlycke Healthcare AB, ConvaTec Group Plc, Paul Hartmann AG, Lohmann & Rauscher International GmbH & Co KG., Triage Meditech Pvt. Ltd., Talley Group, Alleva Medical Ltd., Carilex Medical GmbH.

NPWT Devices Market Segmentation

Market Insight, by Product Type

• Single-User NPWT Devices
• Conventional NPWT Devices

Market Insight, by Wound Type

• Chronic Wounds
  • Diabetic Foot Ulcers
  • Pressure Ulcers
  • Venous Leg Ulcers
  • Others
• Acute Wounds
  • Surgical & Traumatic Wounds
  • Burns & Other Wounds

Market Insight, by End-User

• Hospitals & Clinics
• Homecare Settings
• Others

Market Insight, by Region

• North America NPWT Market
  • United States
  • Canada
  • Rest of North America
• Europe NPWT Market
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific NPWT Market
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of World NPWT Market

Top Company Profiles

• 3M Company
• Smith & Nephew plc
• Mölnlycke Healthcare AB
• ConvaTec Group Plc
• Paul Hartmann AG
• Lohmann & Rauscher International GmbH & Co KG.
• Triage Meditech Pvt. Ltd.
• Talley Group
• Alleva Medical Ltd.
• Carilex Medical GmbH