Market Analysis on Negative Pressure Wound Therapy Industry – Insights for Corporate Strategy and R&D
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What Are the Projected Market Size and Growth Rates for the Negative Pressure Wound Therapy Market From 2025 To 2029?
The market size of negative pressure wound therapy has shown considerable growth in the past years. It is predicted to expand from $3.03 billion in 2024 to $3.19 billion in 2025, showcasing a compound annual growth rate (CAGR) of 5.2%. This significant rise in the historical period can be attributed to factors like an increasing aging population, the prevalence of hospital-acquired infections, spike in surgical procedures, advancement in healthcare infrastructure, and favorable reimbursement policies.
What Is the Projected Market Size of the Negative Pressure Wound Therapy Market?
The market size of negative pressure wound therapy is set for significant expansion in the forthcoming years, with expectations to reach $4.07 billion by 2029, expanding at a compound annual growth rate (CAGR) of 6.3%. Factors that contribute to the growth during the projection period include the rise of lifestyle-related illnesses, preference for home-based health services, preparation for global health crises, patients favoring non-invasive treatment options, and the adoption of value-based healthcare models as well as an increase in chronic wound occurrences. The forecast period is also expected to experience key trends such as technological advancements, the merger of telemedicine, customized wound care, alliances and partnerships, adherence to regulatory norms, and standardization.
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Who are the Major Competitors in the Negative Pressure Wound Therapy Market Outlook?
Major companies operating in the negative pressure wound therapy market include Devon International Group, ConvaTec Group plc., DeRoyal Industries Inc., Smith & Nephew plc, Acelity L.P. Inc., Mölnlycke Health Care AB, ATMOS MedizinTechnik GmbH & Co. KG, Cardinal Health Inc., Talley Group Limited, Medela AG, Lohmann & Rauscher GmbH & Co. KG, Triage Meditech Pvt. Ltd., Carilex Medical GmbH, Shandong Weigao Xinsheng Medical Devices Co. Lt, Genadyne Biotechnologies Inc., B. Braun Melsungen AG, Cork Medical LLC, BSN medical GmbH, Investor AB, Olle Larsson Holding AG, PAUL HARTMANN Asia-Pacific Ltd., KCI Licensing Inc., Arjo USA Inc., 3M Company, MPM Medical Inc., Prospera Technologies Inc., Innovative Therapies Inc., Laboratoires URGO, 4L Health Co. Ltd, Pensar Medical LLC, Virchow Biotech Pvt. Ltd., Arobella Medical LLC, Spincare Inc., Ursapharm Arzneimittel GmbH
What Is Fueling Growth in the Negative Pressure Wound Therapy Market?
The surge in diabetes cases is anticipated to fuel the expansion of the negative pressure wound therapy market. Diabetic foot ulceration (DFU) is the primary usage of negative pressure wound therapy. Wound healing in diabetics is challenging given the tendency of individuals with uncontrolled diabetes to have inferior circulation, leading to a reduced oxygen supply to the wound and the slower healing of tissues. Hence, negative pressure wound therapy provides improved graft acceptance compared to traditional dressing for diabetic patients. For example, the Belgium-based not-for-profit organization, International Diabetes Federation (IDF), announced in July 2023 that 540 million individuals aged between 20 and 79 were diagnosed with diabetes in 2022. This figure is expected to increase to 643 million by 2030 and 783 million by 2045. Consequently, the escalating incidence of diabetes propels the growth of the negative pressure wound therapy market.
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Which Negative Pressure Wound Therapy Market Segments Are Growing the Fastest?
The negative pressure wound therapy market covered in this report is segmented –
1) By Product: Conventional NPWT Devices, Single Use NPWT Devices
2) By Wound Type: Surgical And Traumatic Wounds, Ulcers, Burns
3) By End User: Hospitals, Homecare, Other End-Users
Subsegments:
1) By Conventional NPWT Devices: Portable NPWT Systems, Stationary NPWT Systems, Canister-Based NPWT Devices
2) By Single-Use NPWT Devices: Disposable NPWT Systems, Battery-Operated NPWT Devices, Compact NPWT Units
Which Industry Trends Are Shaping the Future of the Negative Pressure Wound Therapy Market?
Rapid technological developments are becoming an increasingly prominent trend within the negative pressure wound therapy market. This is largely due to major businesses within the industry focusing their efforts on creating technological solutions specifically for negative pressure wound therapy. For example, 3M, an international conglomerate based in the United States, launched the 3M Veraflo Cleanse Choice Complete Dressing Kit for negative pressure wound therapy in August 2022. They also released a software update for the 3M V.A.C. Ulta Therapy Unit. The goal of these new product offerings is to simplify the process of delivering care for healthcare professionals whilst improving the patient experience. Thanks to these products, dressing changes can be quicker, easier, and less painful. The updated software provides automated therapy initiation and beneficial features, while the new dressing kit makes application easier and comes with a softer drape for the patient’s comfort. These advancements aim to boost the efficacy and efficiency of Veraflo Therapy in wound care scenarios.
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Which Countries Are Leading the Negative Pressure Wound Therapy Market?
The countries covered in the negative pressure wound therapy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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This Report Delivers Insight On:
1. How big is the negative pressure wound therapy market, and how is it changing globally?
2. Who are the major companies in the negative pressure wound therapy market, and how are they performing?
3. What are the key opportunities and risks in the negative pressure wound therapy market right now?
4. Which products or customer segments are growing the most in the negative pressure wound therapy market?
5. What factors are helping or slowing down the growth of the negative pressure wound therapy market?
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