Global NPWT Market size to exceed $2.5bn by 2025

NPWT Market size is set to exceed USD 2.5 billion by 2025; according to a new research report by Global Market Insights.
 

Increasing prevalence of endocrine and other chronic diseases across the globe will positively influence NPWT market growth in forthcoming years. Diabetes is a metabolic disorder that adversely affects almost every system of body and it is leading cause for occurrence of foot ulcers in patients. Diabetic foot lesions lead socioeconomic and health problems that hampers quality life of patients. As per NCBI, diabetic people have 25% greater chances of acquiring foot ulcers. NPWT has significant role in healing such wounds resulting into enhanced patient outcomes that will increase its adoption thereby, positively impacting the industry growth.

 

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Technological advancements in negative pressure wound therapy will augment its demand throughout the analysis period. Industry players are focusing on R&D activities for developing advanced NPWT products that are efficient and highly reliable. Recently developed NPWT products enables faster patient recovery that results in declined hospital stays. Aforementioned factors trigger the industry growth. However, complications associated with NPWT will hamper business growth.
 

U.S. Negative Pressure Wound Therapy Market Size, By Type, 2018 & 2025 (USD Million)
NPWT Market

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Single-use negative pressure wound therapy segment is estimated to witness around 7.5% growth in coming years owing to its vast benefits. Single-use NPWT devices are convenient as compared to conventional devices that results in positive patient outcomes. Moreover, with the application of single-use NPWT, infection risk is eliminated and as device is portable that increases its preference in home care settings thereby, stimulating the segmental growth.
 

Skin burn segment had around 20% revenue share in 2018. Substantial growth is attributed to rising traumas and fire accidents globally. According to WHO, 180,000 deaths occurred globally due to fire in low-and middle-income countries. Moreover, in India alone, more than 1 million people suffer from moderate to severe burn injuries every year. Depending on the intensity of skin burns, negative pressure wound therapies are customized to ensure effective patient recovery. Benefits offered by NPWT coupled with increasing incidences of burns will escalate its demand.
 

Hospitals segment will experience over 5.5% growth throughout the forecast years and is anticipated to have similar growth trends in near future. Patients suffering from critical wounds such as foot ulcers, skin burns, pressure and surgical wounds need to stay in hospital. Additionally, NPWT dressings are changed in every 24-48 hours to avoid bacterial build up. As a result, usage of NPWT treatment will be prominently high in hospitals, thereby propelling segment growth.
 

Browse key industry insights spread across 125 pages with 104 market data tables & 8 figures & charts from the report, “Negative Pressure Wound Therapy Market Size By Type (Single Use, Conventional), By Wound Type (Diabetic Wounds, Skin Burns, Pressure Wounds, Surgical Wounds, Venous Legs Ulcers,) By End Use (Hospitals, Homecare Settings)Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Netherland, Belgium, Austria, China, India, Japan, South Korea, Australia, Brazil, Argentina, Mexico, Saudi Arabia, South Africa, UAE, Qatar, Kuwait), Application Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:  
https://www.gminsights.com/industry-analysis/negative-pressure-wound-therapy-market
 

North America NPWT market held around 42% revenue share in 2018. Substantial regional market growth is attributed to increasing incidences of traumas and accidents. Thus, demand for NPWT treatment will remain high in the region. Furthermore, strong foothold of key industry players coupled with favorable regulatory scenario for NPWT devices will augment regional business growth.
 

Notable industry players operational in NPWT market are ConvaTec, Cork Medical, Smith & Nephew Inc, Acelity, Cardinal Health, DeRoyal, Genadyne Biotechnologies Inc, Medela Inc, Invacare Corporation, Sanoma Pharmaceuticals. These industry players have implemented several strategic initiatives such as new product launch, merger and acquisition as well as geographical expansion. FDA approvals for newly developed products also fosters company’s growth. For instance, in October 2018, ConvaTec received US FDA clearance for Avelle negative pressure wound therapy systems.
 

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Negative pressure wound therapy market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:

NPWT Market, by Type (USD million)

  • Single use
  • Conventional

NPWT Market, by Wound Type (USD million)

  • Diabetic wounds
  • Skin burns
  • Pressure wounds
  • Surgical wounds
  • Venous legs ulcers

NPWT Market, by End Use (USD million)

  • Hospitals
  • Homecare settings
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Netherland
    • Belgium
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Argentina
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE
    • Qatar
    • Kuwait

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