The NPWT market is set to grow at an 8% CAGR, reaching $3.2 Bn by 2029, driven by increased adoption in hospitals and home care settings.
Effectiveness of negative pressure wound therapy (NPWT) in treating acute and chronic wounds is a key factor driving its adoption across hospitals, clinics, and homecare settings. The use of NPWT devices in managing closed incisions, where the risk of wound breakdown is higher, is also fuelling the growth of the negative pressure wound therapy market, especially in North America and Western Europe.
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Development of safe and highly-effective negative pressure wound therapy devices has helped address concerns related to potential risks, leading to greater adoption across end-use sectors. Decline in the number of adverse reaction and product recalls has led to increased confidence on the safe use of NWPT.
FMI-a well-established name in the market research domain – forecasts that, the NPWT market will experience a major upturn post 2025, reaching a valuation of US$ 3.2 Bn by 2029.
“Increasing awareness among practitioners and patients about the better response rate of disposable negative pressure wound therapy devices is expected to increase revenue of the NPWT market over the coming years.”
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Over the last few years, leading manufacturer have been focusing on introducing portable and disposable NPWT devices, targeting a range of consumers, including hospitals, homecare settings, etc. Presently, a majority of NPWT devices are used in the U.S. and Europe. However, the demand for portable and disposable NPWT devices is gaining traction in APAC, Eastern Europe, and Latin America. There has been growing interest in using portable and disposable NPWT devices on closed incisions after a surgical procedure in order to inhibit potential surgical site infections (SSIs) and other wound complications in high-risk patients.
Examples of some disposable NPWT devices from top players include the V.A.C.Via Therapy System, Prevena Incision Management System (Acelity), PICO (Smith and Nephew PLC.), AVELLE Negative Pressure Wound Therapy System (ConvaTec Inc.)
A new study from Future Market Insights provides detailed information on the evolution of the negative pressure wound therapy market from 2014-2018, and presents demand projections for 2019-2029, on the basis of product (standalone NPWT devices, single-use disposable NPWT devices, portable NPWT devices, and NPWT accessories), and end user (hospitals, clinics, and home care settings), across seven prominent regions.
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The article discusses the growth and adoption of the Negative Pressure Wound Therapy market, projecting significant growth by 2029.
The effectiveness of NPWT in treating wounds and the development of safe devices drive market growth.
The U.S. and Western Europe are leading regions, with growing interest in APAC and Eastern Europe.
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