The Negative Pressure Wound Therapy Market is estimated to be valued at USD 6.5 billion in 2023. The market is expected to reach USD 10.8 billion by 2033, developing at a CAGR of 5.3%.
Negative Pressure Wound Therapy Market Trend Analysis
| Attributes | Key Insights |
|---|---|
| Negative Pressure Wound Therapy Market Estimated Size in 2023 | USD 6.5 billion |
| Projected Market Value in 2033 | USD 10.8 billion |
| Value-based CAGR from 2023 to 2033 | 5.3% |
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A study by our analysts found that a 3.5% CAGR was experienced between 2018 and 2022 in the driveline additive market. Global demand for negative pressure wound therapy is predicted to increase at a CAGR of 5.3% from 2023 to 2033.
Growth in the negative pressure wound therapy market is driven by the rising prevalence of chronic wounds worldwide, growing awareness about the benefits of NPWT, increasing need for better wound care to reduce mortality rate, and continuous NPWT product launches.
Negative wound pressure therapy is a non-invasive technique that uses sub-atmospheric pressure to aid in the management of chronic and acute open wounds. It has become one of the most effective treatments for the management of chronic wounds.
The increasing incidence of chronic wounds such as diabetic foot ulcers, pressure ulcers, and post-surgical wounds is a major impetus to negative pressure wound therapy growth.
According to the International Diabetes Federation (IDF), diabetic foot and lower limb complications affect around 40 to 60 million people with diabetes globally. This rise in the number of diabetic foot ulcers will continue to create opportunities for negative pressure wound therapy device manufacturers.
Various key players are offering NPWT devices for rent to make them more accessible and affordable for patients to manage their wound healing. This will further expand the global negative pressure wound therapy market size in the future.
| Historical CAGR from 2018 to 2022 | 3.5% |
|---|---|
| Forecast CAGR from 2023 to 2033 | 5.3% |
The table below showcases revenues in the top 5 leading countries, spearheaded by the United States and the United Kingdom. Through 2033, these two countries are likely to dominate the market, with a combined size of USD 8.6 billion and USD 8.2 billion.
Expected Market Values in 2033
| Germany | USD 7.4 billion |
|---|---|
| India | USD 5.5 billion |
| The United States | USD 8.6 billion |
| China | USD 6.9 billion |
| The United Kingdom | USD 8.2 billion |
Forecast CAGRs from 2023 to 2033
| Germany | 5.0% |
|---|---|
| India | 4.8% |
| The United States | 5.2% |
| China | 4.9% |
| The United Kingdom | 5.1% |
Total sales of negative pressure wound therapy in the United States accounted for 86.9% of the North American market share in 2021 and are likely to grow at a steady pace during pace. Growth in the United States negative pressure wound therapy market is driven by the rising prevalence of diabetic and pressure ulcers, the highly developed healthcare industry, increasing expenditure on wound care, and the presence of leading NPWT device manufacturers.
Over the years, there has been a sharp rise in the cases of pressure ulcers across the United States. According to the Agency for Healthcare Research and Quality (AHRQ), more than 2.5 million people in the United States develop pressure ulcers each year.
As these pressure ulcers have high morbidity and mortality rates, people with these ulcers often opt for treatments like negative pressure treatment therapy. The rise in cases of pressure ulcers will, therefore continue to boost the growth of the negative pressure wound therapy market during the forecast period.
The United Kingdom will account for 35.7% of the negative pressure wound therapy market 2033. In 2033, the market is expected to grow by 5.1% year-on-year, reaching a valuation of USD 8.2 billion by the end of 2033.
The growing popularity of home healthcare, expansion of the advanced wound dressing market, and increasing usage of digital wound measurement devices will positively impact the negative pressure wound therapy devices market outlook in the United Kingdom.
With the rising incidence of chronic wounds, flourishing medical tourism industry, increasing usage of NPWT dressings, and presence of advanced healthcare facilities, Germany's negative pressure wound therapy market is poised to exhibit strong growth during the forecast period. In 2023, Germany accounted for a share of 30.2% of the European negative pressure wound therapy (NPWT) market, and this number is expected to grow substantially during the forecast period.
The rising incidence of chronic wounds and increasing spending on wound care is a major factor driving the growth of the German negative pressure wound therapy market. According to a report published in the Journal of the European Wound Management Association (EWMA Journal), around 0.24% of the population in Germany is affected by chronic wounds.
Increasing adoption of wound debridement products, advancement in wound irrigation devices, and rapid growth of the negative pressure wound therapy devices market will create opportunities for the leading NPWT players in the country.
In 2021, China accounted for 56.0% of the East Asia negative pressure wound therapy market. Factors such as the increasing incidence of various chronic wounds like diabetic foot ulcers and pressure ulcers, and the availability of advanced NPWT devices at lower costs drive the market demand in China
Increasing government investments in expanding the healthcare industry and growing wound care spending are some of the factors driving growth in the China NPWT market.
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According to market forecasts, the standalone NPWT devices segment is predicted to dominate until 2033, with a market share of 35.5%. The post-surgical ulcers & open wound segment is expected to have a share of 30.2.
| Category | Market share |
|---|---|
| Standalone NPWT Devices | 35.5% |
| post-surgical ulcers & open wound | 30.2% |
The global negative pressure wound therapy market is segmented based on product type into standalone NPWT devices, portable NPWT devices, single-use NPWT devices, NPWT dressings, and NPWT accessories. The standalone NPWT device segment sales accounted for the highest share of 35.5% in 2023 and are likely to grow further at 5.1% CAGR during the forecast period.
The growth of the segment is attributed to the rapid rise in the number of hospitals worldwide and the growing adoption of standalone NPWT devices across hospitals and ambulatory surgical centers due to high patient footfall.
The global negative pressure wound therapy market forecasts the single-use BPWT devices segment to grow considerably due to the growing health awareness among people and the rapid expansion of the disposable negative pressure wound therapy devices market across developed and developing regions.
Single-use negative pressure wound therapy devices have become a safe and effective alternative to traditional negative pressure wound therapy devices as they promote the healing of selected open wounds and reduce complication rates in closed surgical incisions.
According to Future Market Insights, the post-surgical ulcers & open wound segment will continue to dominate the global negative pressure wound therapy market, accounting for the largest share of 30.2% in 2023. The rising incidence of postoperative ulcers and wounds worldwide is driving this segmental growth.
Leading negative pressure wound therapy device manufacturers are increasingly focusing on expanding their product offerings to strengthen their customer base.
Moreover, they are adopting growth strategies such as new product launches, partnerships, acquisitions, mergers, collaborations, etc. to expand their global footprint and gain a competitive edge in the global negative pressure wound therapy market. For instance,
| Attributes | Details |
|---|---|
| Estimated Market Size in 2023 | USD6.5 billion |
| Projected Market Valuation in 2033 | USD 10.8 billion |
| Value-based CAGR 2023 to 2033 | 5.3% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Market Segments Covered | Product Type, Indication, End User, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Cardinal Health; Mölnlycke Health Care; Acelity L.P. Inc. (3M); Lohmann & Rauscher GmbH & Co. KG; Smith & Nephew; ConvaTec Inc.; DeRoyal Industries, Inc.; HARTMANN, Medela LLC; Haromed Bvba (Belgium); Carilex Medical GmbH.; Genadyne Biotechnologies, Inc.; Cork Medical, LLC; Alleva Medical Ltd. (Devon Medical Products; Argentum Medical, LLC |
As of 2023, the market for negative pressure wound therapy is expected to be valued at USD 6.5 billion.
By 2033, the market value of negative pressure wound therapy is expected to reach USD 10.8 billion.
From 2023 to 2033, negative pressure wound therapy sales are expected to flourish at a CAGR of 5.3%
The standalone NPWT devices segment will account for a market share of 35.5% in 2023.
The United States is likely the top-performing market and is expected to account for a share of 86.9% by 2033.
| Estimated Size, 2025 | USD 2,473.2 million |
|---|---|
| Projected Size, 2035 | USD 3,696.2 million |
| Value-based CAGR (2025 to 2035) | 4.1% |
| Market Value for 2024 | USD 6,353.7 million |
|---|---|
| Forecast Market Value for 2034 | USD 8,374.50 million |
| Value-based CAGR from 2024 to 2034 | 2.80% |
| Market Size (2023) | USD 2,266.6 million |
|---|---|
| Revenue Forecast (2033) | USD 3,293.3 million |
| Market Growth Rate (2023 to 2033) | 3.8% |
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Negative Pressure Wound Therapy Market
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