The Negative Pressure Wound Therapy Market Size was valued at USD 2.47 Bn in 2023 and is predicted to reach USD 4.11 Bn by 2031 at a 6.8% CAGR during the forecast period for 2024-2031.
Negative pressure wound therapy uses controlled negative pressure to remove extra fluid from open wounds through a sealed or foam dressing that is linked to a collection container. It is a noninvasive method. A number of factors are driving the expansion of the negative pressure wound therapy industry, including the increasing number of people with diabetes, the number of people with serious diseases, and the rising aging population. Additionally, the worldwide need for negative pressure wound care is being driven by a multitude of factors, including the rising incidence of surgical site infections and the increasing number of surgeries performed. However, strict rules regarding negative pressure wound therapy are anticipated to impede the expansion of this industry. The developments in handheld devices, growing healthcare networks in developing nations, heightened knowledge of cutting-edge wound care solutions, and ongoing development of novel and improved negative pressure wound therapy are propelling market expansion.
However, the presence of more affordable alternatives to negative pressure wound therapy for treating both acute and chronic wounds could slow down their acceptance and, in turn, the market growth of negative pressure wound therapy during the predicted timeframe. Additionally, COVID-19 caused a decline in hospital visits and a delay in elective surgeries, which in turn dampened the demand for negative pressure wound therapy. After the pandemic, however, demand rose again because of improvements in home nursing and efforts to manage chronic wounds better. Furthermore, the anticipated expansion of the negative pressure wound therapy market is fueled by the rising number of surgical procedures performed globally, which in turn leads to a larger patient population that has surgical wounds.
The negative pressure wound therapy market is segmented based on product type, wound type, and end-user. By product type, it is divided into conventional NPWT devices, disposable NPWT devices, and NPWT accessories. By wound type, it is divided into burns and surgical open wounds, pressure ulcers, diabetic foot ulcers, venous leg ulcers, and traumatic wounds. By end-user, it is divided into home care settings, hospitals, and others.
The disposable NPWT devices in the negative pressure wound therapy category are expected to hold a major global market share in 2023 because they are easy to use, inexpensive, and less likely to spread germs. Home care and outpatient settings are better suited for these devices because they are great for single use. Additionally, they are becoming increasingly popular and widely used in both established and emerging healthcare markets because of their lightweight and portable nature, which also improves patient mobility.
The hospital market is expected to grow rapidly in the negative pressure wound therapy market because of the spike in instances involving complicated procedures and chronic wounds that necessitate cutting-edge medical attention. Hospitals provide specialist care and have access to state-of-the-art negative pressure wound therapy, which improves wound management. The growth of this market is being driven by factors such as investments in hospital infrastructure and rising medical expenses.
The North American negative pressure wound therapy market is anticipated to register the highest market share in revenue in the near future because of its advanced healthcare system, an increasing number of elderly residents, high rate of chronic wounds, and robust government funding for cutting-edge wound care therapies. In addition, the Asia-Pacific region is expected to grow quickly in the global negative pressure wound therapy market due to the increased frequency of diabetes and the dramatic increase in healthcare costs in the area. Moreover, the negative pressure wound therapy market in Asia-Pacific is growing for a number of reasons, one of which is the large number of patients suffering from chronic diseases.
| Report Attribute | Specifications |
| Market Size Value In 2023 | USD 2.47 Bn |
| Revenue Forecast In 2031 | USD 4.11 Bn |
| Growth Rate CAGR | CAGR of 6.8% from 2024 to 2031 |
| Quantitative Units | Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
| Historic Year | 2019 to 2023 |
| Forecast Year | 2024-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Product Type, By Wound Type, By End User and By Region |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
| Competitive Landscape | 3M, Alleva Medical, Cardinal Health, Carilex Medical, Convatech Group, Cork Medical, Deroyal, Genadyne Biotechnologies, Haromed Medical Technologies, Medela, Molnlycke Healthcare, Paul Hartmann AG, Pensar Medical, Smith & Nephew, Talley Group, and others. |
| Customization Scope | Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing And Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
Negative Pressure Wound Therapy Market- By Product Type
Negative Pressure Wound Therapy Market- By Wound Type
Negative Pressure Wound Therapy Market- By End-User
Negative Pressure Wound Therapy Market- By Region
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Negative Pressure Wound Therapy Market Snapshot
Chapter 4. Global Negative Pressure Wound Therapy Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2031
4.8. Global Negative Pressure Wound Therapy Market Penetration & Growth Prospect Mapping (US$ Mn), 2023-2031
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.10. Use/impact of AI on Negative Pressure Wound Therapy Industry Trends
Chapter 5. Negative Pressure Wound Therapy Market Segmentation 1: By Product Type, Estimates & Trend Analysis
5.1. Market Share by Product Type, 2023 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Product Type:
5.2.1. Conventional NPWT devices
5.2.2. Disposable NPWT devices
5.2.3. NPWT Accessories
Chapter 6. Negative Pressure Wound Therapy Market Segmentation 2: By Wound Type, Estimates & Trend Analysis
6.1. Market Share by Wound Type, 2023 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Wound Types:
6.2.1. Burns and Surgical Open Wounds
6.2.2. Pressure Ulcers
6.2.3. Diabetic Foot Ulcers
6.2.4. Venous Leg Ulcers
6.2.5. Traumatic Wound
Chapter 7. Negative Pressure Wound Therapy Market Segmentation 3: By End User, Estimates & Trend Analysis
7.1. Market Share by End User, 2023 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following End Users:
7.2.1. Home Care Settings
7.2.2. Hospitals
7.2.3. Others
Chapter 8. Negative Pressure Wound Therapy Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. Global Negative Pressure Wound Therapy Market, Regional Snapshot 2023 & 2031
8.2. North America
8.2.1. North America Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.2.1.1. US
8.2.1.2. Canada
8.2.2. North America Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
8.2.3. North America Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by Wound Type, 2024-2031
8.2.4. North America Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
8.3. Europe
8.3.1. Europe Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.3.1.1. Germany
8.3.1.2. U.K.
8.3.1.3. France
8.3.1.4. Italy
8.3.1.5. Spain
8.3.1.6. Rest of Europe
8.3.2. Europe Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
8.3.3. Europe Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by Wound Type, 2024-2031
8.3.4. Europe Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
8.4. Asia Pacific
8.4.1. Asia Pacific Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.4.1.1. India
8.4.1.2. China
8.4.1.3. Japan
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Hong Kong
8.4.1.7. Southeast Asia
8.4.1.8. Rest of Asia Pacific
8.4.2. Asia Pacific Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
8.4.3. Asia Pacific Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts By Wound Type, 2024-2031
8.4.4. Asia Pacific Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
8.5. Latin America
8.5.1. Latin America Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.5.1.1. Brazil
8.5.1.2. Mexico
8.5.1.3. Rest of Latin America
8.5.2. Latin America Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
8.5.3. Latin America Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by Wound Type, 2024-2031
8.5.4. Latin America Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
8.6. Middle East & Africa
8.6.1. Middle East & Africa Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.6.1.1. GCC Countries
8.6.1.2. Israel
8.6.1.3. South Africa
8.6.1.4. Rest of Middle East and Africa
8.6.2. Middle East & Africa Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
8.6.3. Middle East & Africa Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by Wound Type, 2024-2031
8.6.4. Middle East & Africa Negative Pressure Wound Therapy Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. 3M
9.2.1.1. Business Overview
9.2.1.2. Key Product/Service Offerings
9.2.1.3. Financial Performance
9.2.1.4. Geographical Presence
9.2.1.5. Recent Developments with Business Strategy
9.2.2. Alleva Medical
9.2.3. Cardinal Health
9.2.4. Carilex Medical
9.2.5. Convatech Group
9.2.6. Cork Medical
9.2.7. Deroyal
9.2.8. Genadyne Biotechnologies
9.2.9. Haromed Medical Technologies
9.2.10. Medela
9.2.11. Molnlcke Healthcare
9.2.12. Paul Hartmann AG
9.2.13. Pensar Medical
9.2.14. Smith & Nephew
9.2.15. Talley Group
9.2.16. Other Prominent Players