Negative Pressure Wound Therapy (NPWT) Devices Market Insights With Key Players Smith & Nephew plc, Devon Medical, Paul Hartmann AG, Talley Group Limited, Coloplast A/S, ConvaTec

The global negative pressure wound therapy devices market was valued at US$ 1,626.3 million in 2015 and is expected to expand at a CAGR of 5.5% during the forecast period (2016 – 2024).

Treatment options for wounds includes application of topical medication, sutures, staples, adhesives, compression therapy, hyperbaric oxygen therapy, biological dressings, and negative pressure wound therapy (NPWT). Negative pressure wound therapy, also called vacuum-assisted wound closure, has gained significant traction over the last decade as it is equally effective in acute and chronic wounds. NPWT is a relatively non-invasive wound therapy and offers various pips other conventional treatment options by facilitating better healing, shorter hospital stay, and fewer wound infections.

Market Dynamics

The primary benefits of NPWT such as elimination of edema, providing a moist wound-healing environment, and stimulating angiogenesis and blood flow to the wound is increasing its uptake. Moreover, the new guidelines outlined by the World Health Organization (WHO) in November 2016, recommends use of NPWT in closed-surgical incision in order to reduce risk of surgical site infection. The guidelines also recommends use of portable NPWT devices. Furthermore, increasing prevalence of diabetes (422 million sufferers until 2014, WHO) and increasing number of medical surgeries (312.9 million in 2012, WHO) is expected to drive the market for NPWT globally.

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Market Taxonomy

This report segments the global negative pressure wound therapy devices market on the basis of device type, application, and geography. On the basis of device type, the market is segmented into standalone devices, single-use devices, portable devices, and accessories. Applications of NPWT devices covered as part of the report are diabetic foot ulcers, venous leg ulcers, pressure ulcers, burn wounds, and others. For comprehensive understanding of market dynamics, the global negative pressure wound therapy devices market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Following a surgery, incisions are usually closed using sutures, staples or adhesives. However, in case of chronic wounds, where the risk of infection is high, wound may be left open to heal from ‘bottom-to-top’. In such cases, treatment options include wound dressings and use of negative pressure wound therapy (NPWT) devices. NPWT removes tissue fluid and any debris from the wound, and tightly covers the wound with the dressing. This therapy is touted to provide early recovery and relief from pain. Increasing awareness and availability of reimbursement has been the major driving factors for adoption of NPWT devices especially in developed economies such as the U.S., Canada, Germany, Netherlands, Sweden, and Switzerland.

The Centers for Medicare and Medicaid Services (CMS) amended the reimbursement law for NPWT device effective January 2017. According to the new guidelines, the insurance coverage of NPWT device and service has been shifted from Home Health Prospective Payment System (HH PPS) to the Medicare Hospital Outpatient Prospective Payment System (OPPS). Moreover, the World Health organization (WHO) announced a new guideline for treatment of surgical site infections in November 2016. According to this guideline, the WHO recommends the use of prophylactic negative pressure wound therapy devices (NPWT) in closed surgical incisions in high-risk wounds. This is expected to support the growth of global negative pressure wound therapy devices market in near future.

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