Negative pressure wound therapy market expected to Grow at 5.7% by 2031, Negative Pressure Wound Therapy (NPWT) is used to treat acute and chronic wounds. A vacuum source creates continuous or intermittent negative pressure inside the wound to remove fluid, exudates, and infectious materials to prepare the wound for healing and closure. NPWT systems consist of a vacuum pump, drainage tubing, a foam or gauze wound dressing, and an adhesive film dressing that covers and seals the wound. The therapy involves the controlled application of sub-atmospheric pressure to the local wound environment, using a sealed wound dressing connected to a vacuum pump. Since the clearance of first NPWT device by FDA in the U.S., the system has evolved considerably. New device and dressing features have been added that make the system safer, more efficient, and more user-friendly in care settings other than hospitals, such as in long-term care facilities, rehab centers, and even patients’ homes. This has been the major driver for the global negative pressure wound therapy.

The global negative pressure wound therapy is segmented on the basis of products such as conventional NPWT products and single-use NPWT products. The conventional NPWT products are further segmented into conventional NPWT canisters, conventional NPWT pumps and conventional NPWT dressing kits. On the basis of application, the global negative pressure wound therapy market is segmented into skin ulcers, burns, surgical and traumatic wounds. The global negative pressure wound therapy devices market is mainly driven by the competitive pricing of the products by the market players and the ability to treat chronic and acute wounds. In terms of geography, Asia-Pacific is anticipated to exhibit the highest growth rate during the forecast period with China and India being the major region of growth. Growing geriatric population across the globe has increased the population base of the patients suffering from diabetes and chronic wounds would further drive the negative pressure wound therapy market.

Key Players Identified for Negative Pressure Wound Therapy Market Include:

Acelity (Kinetic Concepts, Inc.), Smith & Nephew, ConvaTec Inc., Medela, Molnlycke Health Care,  Coloplast Corp., Paul Hartmann AG, Systagenix, Stryker Corporation, 3M Health Care, Talley Group Limited, Nephew plc, Devon Medical Products, DeRoyal Industries, Inc., Cardinal Health, Inc. And Other Notable Players.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Negative Pressure Wound Therapy market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Negative Pressure Wound Therapy market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Negative Pressure Wound Therapy market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Negative Pressure Wound Therapy market?
• Which is the largest regional market for Negative Pressure Wound Therapy market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Negative Pressure Wound Therapy market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Negative Pressure Wound Therapy market worldwide?