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Negative Pressure Wound Therapy (NPWT) - Global Strategic Business Report

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    Report

  • 443 Pages
  • December 2023
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5303656

Quick Summary:

In the rapidly evolving healthcare landscape, remaining at the forefront of advancements is essential for sound, strategic decision making. Our comprehensive report provides essential insights into the global Negative Pressure Wound Therapy (NPWT) market, an industry projected to expand significantly, reaching a value of US$4 Billion by 2030.

This report distinguishes itself by including meticulous analysis of key market segments, such as Conventional and Single-Use NPWT markets, which are anticipated to present encouraging growth rates over the coming years. Furthermore, it assesses how distinct geographic markets – from the US to China – are poised to contribute to this global trend. With this invaluable information, you can strategically position your business to leverage these emerging opportunities in the NPWT market.

Featuring a detailed competitive landscape spanning 54 key market players, the report also presents data on global competitiveness and market share percentages. Gain exclusive access to our interactive research platform, digital archives, and complimentary updates for a year. Armed with these valuable resources, secure your advantage in the NPWT market.

Global Negative Pressure Wound Therapy (NPWT) Market to Reach $4 Billion by 2030

The global market for Negative Pressure Wound Therapy (NPWT) estimated at US$2.4 Billion in the year 2022, is projected to reach a revised size of US$4 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2022-2030. Conventional, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$2.7 Billion by the end of the analysis period. Growth in the Single-Use segment is estimated at 7.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 9.9% CAGR

The Negative Pressure Wound Therapy (NPWT) market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$278.7 Million by the year 2030 trailing a CAGR of 9.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.

Select Competitors (Total 54 Featured)

  • Advin Health Care
  • 3M Company
  • B. Braun Melsungen AG
  • Cardinal Health, Inc.
  • Avery Dennison Corporation
  • DeRoyal Industries, Inc.
  • Apria Healthcare Group, Inc.
  • ATMOS MedizinTechnik GmbH & Co. KG
  • Devon Medical Products
  • Convatec Group PLC
  • Genadyne Biotechnologies, Inc.
  • Direct Healthcare Group
  • Carilex Medical GmbH
  • BenQ Materials Corporation - AnsCare
  • HAROMED B.V.

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Negative Pressure Wound Therapy (NPWT) Market

What is the estimated value of the Negative Pressure Wound Therapy (NPWT) Market?

The Negative Pressure Wound Therapy (NPWT) Market was estimated to be valued at $2.4 Billion in 2022.

What is the growth rate of the Negative Pressure Wound Therapy (NPWT) Market?

The growth rate of the Negative Pressure Wound Therapy (NPWT) Market is 6.6%, with an estimated value of $4 Billion by 2030.

What is the forecasted size of the Negative Pressure Wound Therapy (NPWT) Market?

The Negative Pressure Wound Therapy (NPWT) Market is estimated to be worth $4 Billion by 2030.

Who are the key companies in the Negative Pressure Wound Therapy (NPWT) Market?

Key companies in the Negative Pressure Wound Therapy (NPWT) Market include Advin Health Care, 3M Company, B. Braun Melsungen AG, Cardinal Health, Inc., Avery Dennison Corporation, DeRoyal Industries, Inc., Apria Healthcare Group, Inc., ATMOS MedizinTechnik GmbH & Co. KG, Devon Medical Products and Convatec Group PLC.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19-Led Delay in Wound Care: The Dire Picture & Efforts to Improve Outcomes
  • Pandemic Shifts Focus to Home-Based Wound Care
  • Competition
  • Negative Pressure Wound Therapy (NPWT) - Global Key Competitors Percentage Market Share in 2021 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
  • Wound & Wound Management: A Prelude
  • What is Negative Pressure Wound Therapy (NPWT)?
  • Negative Pressure Wound Therapy: Indications and Contraindications
  • Factors Driving Progression of Negative Pressure Wound Therapy
  • Single Use NPWT Experience Strong Growth Bolstered by Inherent Attributes and Increased Shifting of Wound care to Home Care Settings
  • Recent Market Activity
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growing Emphasis on Preventive Wound Healing Bodes Well for NPWT Market
  • EXLeading Nosocomial Infections in the US: Percentage Breakdown of Healthcare Cost from Leading Five Infections
  • Rise in Caesarean Section Procedures Spurs Post-Operative Use of NPWT Devices
  • Number of Cesarean Section Procedures in the US (per 1,000 live births): 2008-2019
  • Technological Advancements and New Product Launches Crucial to Sustain Future Growth
  • Advancements in Foams and Dressings Extend NPWT Application to Outpatient Settings
  • Hybrid Negative Pressure Wound Therapy (hNPWT) Widens Growth Prospects
  • NPWTi-d Takes Negative Pressure Wound Therapy to Next Level with Cost Benefits
  • Rising Incidence of Chronic Wounds and Increasing HealthCare Burden Catalyze Growth Prospects
  • Chronic Wounds: Select Statistics
  • Global Prevalence of Wounds (in Millions)
  • Healing Time by Type of Wound (in Days)
  • How NPWT Aids in Healing of Acute Wounds
  • Rise in Prevalence of Pressure Ulcers to Drive Growth
  • EXHIBIT Pressure Ulcer Occurrence Rate Based on the Length of Surgery
  • Global Epidemics of Diabetes and Increasing Incidence of DFUs to Propel Market Growth
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • World Diabetes Prevalence (2000 - 2040P)
  • Global Diabetes Mellitus Population Breakdown by Geographic Region: 2019, 2030 and 2045
  • Aging Population: A Strong Growth Driver
  • Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Negative Pressure Wound Therapy (NPWT) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Negative Pressure Wound Therapy (NPWT) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 3: World 14-Year Perspective for Negative Pressure Wound Therapy (NPWT) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2016, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Conventional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Conventional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 6: World 14-Year Perspective for Conventional by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Single-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Single-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 9: World 14-Year Perspective for Single-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Chronic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Chronic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 12: World 14-Year Perspective for Chronic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Acute by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Acute by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 15: World 14-Year Perspective for Acute by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 18: World 14-Year Perspective for Hospitals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Home Care Settings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Home Care Settings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 21: World 14-Year Perspective for Home Care Settings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 24: World 14-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 25: World Negative Pressure Wound Therapy (NPWT) Market Analysis of Annual Sales in US$ Thousand for Years 2016 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Negative Pressure Wound Therapy (NPWT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • Negative Pressure Wound Therapy (NPWT) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • AFRICA
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Advin Health Care
  • 3M Company
  • B. Braun Melsungen AG
  • Cardinal Health, Inc.
  • Avery Dennison Corporation
  • DeRoyal Industries, Inc.
  • Apria Healthcare Group, Inc.
  • ATMOS MedizinTechnik GmbH & Co. KG
  • Devon Medical Products
  • Convatec Group PLC
  • Genadyne Biotechnologies, Inc.
  • Direct Healthcare Group
  • Carilex Medical GmbH
  • BenQ Materials Corporation - AnsCare
  • HAROMED B.V.