Negative Pressure Wound Therapy (NPWT) Market

2019 Analysis and Review of Negative Pressure Wound Therapy (NPWT) Market by Product - Standalone NPWT Devices, Single-use Disposable NPWT Devices, Portable NPWT Devices, and NPWT Accessories (Canisters) for 2019 - 2029

  • 2020-03-03
  • REP-GB-810
  • 33 Tables
  • 72 Figures
  • 161 pages
  • PDF PPT EXCEL
Negative Pressure Wound Therapy (NPWT) Market
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Negative Pressure Wound Therapy (NPWT) Market to Cross US$ 3 Bn Valuation in 2027

Advances in the healthcare sector are providing measurable benefits to society, bringing substantial improvements in average life expectancies and quality of living. Healthcare providers are developing patient-centric and tech-enabled NPWT systems in order to meet both immediate needs – cost containment and enhanced efficacy - and long-term goals - better outcomes, higher accuracy, and lesser errors. Better primary on-site preventive care delivery, especially for patients suffering chronic diseases such as diabetes, decreases complication rate and need for frequent hospital visits. Against this backdrop, the global negative pressure wound therapy market will attain a valuation of over US$ 3 Bn during the latter half of forecast period (2019-2029).

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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.

NPWT Accessories (Canisters) Capture Around Half of Total Value

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.

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.

* This data is only a representation. Actual data may vary and will be available in report.

North America Stays Atop; Opportunities Abound in APEJ
North America Stays Atop; Opportunities Abound in APEJ
North America Stays Atop; Opportunities Abound in APEJ
North America Stays Atop; Opportunities Abound in APEJ
  • 2014
  • 2018
  • 2022
  • 2029
  • Arrow

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.

Demand for NPWT accessories (canisters) remains high

Disposable NPWT devices to see rapid traction

Surging adoption in hospitals

Application in home care settings to speed up

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.

Negative Pressure Wound Therapy Market by End User

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Negative Pressure Wound Therapy (NPWT) Market Analysis 2019-2029

A recent market study published by Future Market Insights on the negative pressure wound therapy (NPWT) market includes global industry analysis of 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters of the negative pressure wound therapy market, the growth prospects of the NPWT market are obtained with maximum precision.

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)

What's Included

The report initiates with the executive summary of the negative pressure wound therapy market, which includes a summary of key findings and statistics of the market. It also includes supply-side and demand-side trends pertaining to the negative pressure wound therapy market.

Readers can find the definition and a detailed segmentation of the negative pressure wound therapy market in this chapter, which will help them understand the basic information about the NPWT market. Along with this, comprehensive information pertaining to negative pressure wound therapy and their properties are provided in this section. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the negative pressure wound therapy market report.

This section explains the global market volume analysis and forecast for the NPWT between the forecast periods of 2019-2029. This chapter includes a detailed analysis of the volume by product.

This section highlights the global negative pressure wound therapy market pricing analysis by product type. This section helps reader to understand the pricing variation of negative pressure wound therapy in various geography.

This section explains the global market value analysis and forecast for the negative pressure wound therapy market during the forecast period. This chapter includes a detailed analysis of the historical negative pressure wound therapy market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019-2029).

This section gives information about drivers and restraints of the negative pressure wound therapy market. This section also includes various opportunities of the negative pressure wound therapy market.

This chapter highlights the key success factors of the negative pressure wound therapy market report, which include key regulations, disease epidemiology and reimbursement scenario.

Based on product, the negative pressure wound therapy market is segmented into standalone NPWT devices, single-use disposable NPWT devices, portable NPWT devices, NPWT accessories (canister). In this chapter, readers can find information about the Y-o-Y growth and market attractiveness analysis based on product.

This chapter provides details about the NPWT market based on the end user, and has been classified into hospitals, clinics, homecare settings. In this chapter, readers can understand the market attractiveness analysis based on end user.

This chapter explains how the negative pressure wound therapy market will grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ) and Middle East & Africa.

This chapter includes a detailed analysis of growth of the North America negative pressure wound therapy market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, and market growth based on the product type and end user, and countries in North America.

This chapter provides the growth scenario of the NPWT market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.

Important growth prospects of the negative pressure wound therapy market based on its end users in several countries such as the U.K., France, Germany, Spain, Italy, and the Rest of Western Europe are included in this chapter.

Important growth prospects of the negative pressure wound therapy market across target segments in several countries such as Russia and Poland are included in this chapter.

In this chapter, India, China, Australia and ASEAN countries are the prominent countries in the APEJ region. Readers can find detailed information about the growth parameters of the APEJ negative pressure wound therapy market during the forecast period.

This section highlights the growth prospects of the negative pressure wound therapy market for Japan, during the forecast period.

This chapter provides information about how the NPWT market will grow in major countries in the MEA region such as GCC Countries, South Africa, and the Rest of MEA, during the forecast period.

This chapter highlights the tier structure analysis, market concentration analysis and company share analysis along with sales footprint analysis of key player operating in negative pressure wound therapy market.

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the NPWT market report.

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the negative pressure wound therapy market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Yesteryear Trends 
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and Long-term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity of Assumptions

Secondary Research

  • Industry Publications
  • Industry Associations
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits negative pressure wound therapy npwt market designation

Primary Interview Splits negative pressure wound therapy npwt market stakeholders

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