Negative Pressure Wound Therapy Market Size to Reach US$ 9.9 Bn by 2032 | CAGR of 5.2% – PharmiWeb.com

The global negative pressure wound therapy market size was valued at US$ 5.9 Bn in 2021 and is expected to touch a valuation of US$ 6.2 Bn in 2022.
Further, with rising prevalence of chronic wounds such as diabetic foot ulcers, post-surgical ulcers, and pressure ulcers, and increasing wound care spending, the overall demand for negative pressure wound therapy is projected to grow at a steady CAGR of 5.2% during the forecast period between 2022 and 2032, totaling over US$ 9.9 Bn by 2032.
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.
Key Takeaways of NPWT Market Study
Manufacturer of NPWT Devices Focusing on Launch of Portable and Disposable Devices
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.
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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.)
Negative Pressure Wound Therapy Market by Category
By Product Type:
By Indication:
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By End-User:
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A new study from Future Market Insights provides detailed information on the evolution of the negative pressure wound therapy market from 2014-2021, and presents demand projections for 2022-2026, 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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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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