Negative Pressure Wound Therapy (NPWT) Market by Product (Standalone NPWT Devices, Single-use Disposable NPWT Devices, Portable NPWT Devices, and NPWT Accessories (Canisters)), End User (Hospitals, Clinics, Home Care Settings) & Region - Forecast to 2019 - 2029

NPWT Accessories (Canisters) Capture Around Half of Total Value

[161 Pages Report] Capturing nearly 50% of total market value, NPWT accessories (canisters) would remain preferable devices for addressing chronic and acute wounds. However, their adoption is expected to falter markedly in the coming years due to their cumbersome design. In an effort to provide healthcare in non-hospital settings, manufacturers are turning to portable and disposable NPWT devices. Although these devices are gaining momentum, canisters would continue to be the flagship product in the negative pressure wound therapy market.

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North America Stays Atop; Opportunities Abound in APEJ

North America has been the innovation hub for the healthcare industry. Factors such as investment upheaval in healthcare models and conducive reimbursement policies are underpinning the growth of the NPWT market in this developed region. Further, the U.S. continues to represent the most worthwhile value-capture opportunities. Alarmed by the inflating patient pool of chronic wounds, including diabetic foot ulcers, venous leg ulcers, and pressure ulcers, governments in Asia Pacific excluding Japan (APEJ) are establishing healthcare facilities at scale.

Patient-centric and Tech-enabled Devices - Winning Growth Formula

Technological intervention, digitalization, and automation are transforming industries in profound ways, and the healthcare sector is no exception. Driven by these external forces, the future of healthcare delivery and ecosystem is transforming rapidly and radically. Market players are introducing NPWT systems that offer multi-directional interoperability and ensure data security. This paradigm shift in medication management across multiple-care settings is likely to speed up in the times ahead, creating a fertile ground for negative pressure wound therapy market players.

How Growth will Unfold

Hospitals continue to remain the conventional end user of negative pressure wound therapy systems, wherein, 7 out of 10 devices are utilized in wound care management. Rising need for personalized care delivery is influencing market players to shift their focus towards home care settings.

Although the installation of NPWT devices is relatively expensive versus conventional methods, the therapy is relatively low-cost and more effective. Furthermore, the application of portable medical devices in home care settings saves patients from potential surgical site infections (SSIs) and additional hospital stay expenses.

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FREQUENTLY ASKED QUESTIONS ABOUT NEGATIVE PRESSURE WOUND THERAPY (NPWT) MARKET

Which countries have significant growth potential in the negative pressure wound therapy market over the next decade?

Countries such as China and India have a relatively large population base and incidence rates of various chronic wounds such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers, which is boosting the growth of the negative pressure wound therapy market. Besides, the number of healthcare facilities is increasing in these countries, and the demand for NPWT devices and dressings is expected to further increase over the next few years.

How are government initiatives increasing the demand for NPWT?

Increasing government initiatives in the healthcare sector in various countries are encouraging the development of newer and innovative technologies to enhance treatment methods such as NPWT. Government hospitals in various developing countries have initiated a wide range of foot-care programmes, including therapeutic health education, regular foot examinations, and screenings to identify those at high risk, significantly boosting the growth of the negative pressure wound therapy market.

What are the key factor boosting the growth of the negative pressure wound therapy market?

Rapid technological advancements in negative pressure wound therapy devices are expected to encourage manufacturers of wound care products to launch user-friendly and technologically-enhanced NPWT systems. Manufacturers are in the process of launching NPWT devices, providing multi-directional interoperability and protecting data safety of these devices, which is expected to offer lucrative opportunities for growth of the NPWT market.

How does lack of awareness affect the growth of the negative pressure wound therapy market?

Lack of awareness about the treatment of chronic and acute wounds is one of the major factors hindering the growth of the NPWT market. In addition, patients are more inclined towards natural remedies, which might hamper the growth of the negative pressure wound therapy market to some extent.

What are key area of opportunities for NPWT manufacturers?

Despite advancements in burn therapy over the past few years, the treatment of burn wounds still remains a challenge for doctors. Research-guided integration of new and effective techniques in burn wound management is mandatory. Recent clinical results indicate that, NPWT is a minimally-invasive and effective method of improving burn wound management outcomes, positively impacting the growth of the negative pressure wound therapy market.

What are the major factors increasing the demand for NPWT?

Technological advancements have aided in enhancing the treatment of chronic and acute wounds. The initial cost of installing NPWT devices is relatively higher than that of conventional treatments. However, the therapy is cheaper than conventional methods and significantly more effective. These factors are expected to fuel the demand for portable and disposable negative pressure wound therapy devices in homecare settings.

NEGATIVE PRESSURE WOUND THERAPY (NPWT) MARKET TAXONOMY

The global negative pressure wound therapy market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product

• Standalone NPWT Devices
• Single-use Disposable NPWT Devices
• Portable NPWT Devices
• NPWT Accessories (Canisters)

End User

• Hospitals
• Clinics
• Home Care Settings

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa (MEA)