Negative Pressure Wound Therapy Market by Product, by Wound Type, by End-User, and By Region

The global negative pressure wound therapy market size was estimated to be USD 2.54 billion in 2023 and is expected to reach USD 5.19 billion by 2034 with a CAGR of 6.71% during the forecast period 2024-2034. The market will develop as a result of factors such as the prevalence of chronic wounds, increased healthcare spending, growing awareness of NPWT benefits, technological advancements, and supportive government initiatives.

There is a great need for cutting-edge wound care techniques like negative pressure wound therapy because chronic wounds, especially diabetic and pressure ulcers, are becoming more common owing to aging populations, diabetes, and obesity. For instance, in August 2023, Acelity L.P. Inc. received FDA clearance for its surgical site infection prevention PREVENA PLUS Negative Pressure Wound Therapy System.

By product, the conventional NPWT Devices segment accounted for the highest revenue-grossing segment in the global negative pressure wound therapy market in 2023 owing to the the continued preference of healthcare providers for established and proven technologies, the widespread availability and familiarity of conventional NPWT devices, and the reliability of their performance in promoting effective wound healing. For instance, Smith & Nephew plc received the CE Mark in November 2023 for their AQUACEL+ ADVANCED Dressing with NPWT, which combines hydrogel dressing and negative pressure for improved performance. Additionally, the single-use NPWT Devices segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing emphasis on infection control measures, the convenience and cost-effectiveness of single-use devices, a rising trend towards outpatient care, and a growing awareness among healthcare providers regarding the benefits of disposable NPWT systems for wound management.

By wound type, the wounds segment accounted for the highest revenue-grossing segment in the global negative pressure wound therapy market in 2023 owing to the increasing prevalence of chronic wounds, including diabetic ulcers, pressure ulcers, and venous leg ulcers, which necessitated advanced wound care solutions. For instance, Mölnlycke Health Care AB purchased Alcyone Technologies, a supplier of digital wound measuring solutions, in December 2023 so that it could be integrated with its NPWT systems. Additionally, the acute wounds segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing frequency of traumatic injuries, surgical procedures, and other acute medical conditions that necessitate prompt and effective wound management.

By end-user, the hospital's segment accounted for the highest revenue-grossing segment in the global negative pressure wound therapy market in 2023 owing to the high patient volume in hospital settings, where the demand for advanced wound care solutions such as negative pressure wound therapy is substantial. For instance, AQUASORB+ EXTRA with NPWT, a novel dressing intended for severely exuding wounds in the NPWT scenario, was introduced by ConvaTec Group plc in November 2023. Additionally, the home healthcare segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing trend toward patient-centric care, advancements in portable and user-friendly negative pressure wound therapy (NPWT) devices, and the growing preference for home-based healthcare solutions.

North American region is anticipated to have the highest revenue share during the forecast period owing to the robust healthcare infrastructure, a high prevalence of chronic wounds, well-established reimbursement policies, and early adoption of advanced medical technologies. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the rising healthcare expenditures, expanding geriatric population, increasing prevalence of chronic wounds, and a growing awareness of advanced wound care solutions. For instance, in December 2023, Cardinal Health, Inc. and Convatec partnered to make AQUASORB+ EXTRA with NPWT available through Cardinal Health channels.

This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.

Report Scope:

• Base Year: 2023
• Forecast Period: 2024-2034
• Study Coverage
• Market Forecast by Product, Wound Type, and End-User
• Market Forecast for 5 Regions and 17+ Countries
• North America (U.S. and Canada)
• Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
• Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
• Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
• MEA (South Africa, GCC, Rest of MEA)
• Exhaustive Company Profiles of the Top 10+ Major Market Players
• 20% Free Customization Available to Meet Your Exact Requirement.

Segmentation: Negative Pressure Wound Therapy Market Report 2023 - 2034

Negative Pressure Wound Therapy Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)

• Conventional NPWT Devices
• Single-use NPWT Devices
• NPWT Accessories

Negative Pressure Wound Therapy Market Analysis & Forecast by Wound Type 2023 - 2034 (Revenue USD Bn)

• Chronic Wounds
• Pressure Ulcer
• Diabetic Foot Ulcer
• Venous Leg Ulcer
• Others
• Acute Wounds
• Surgical & Traumatic Wounds
• Burns

Negative Pressure Wound Therapy Market Analysis & Forecast by End-User 2023 - 2034 (Revenue USD Bn)

• Hospital
• Specialty Clinics
• Home Healthcare
• Others

Negative Pressure Wound Therapy Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of LATAM
• Middle East & Africa
• South Africa
• GCC
• Rest of MEA