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Rising Prevalence Of Diabetes To Drive Market Growth: Core Growth Enabler in the Negative Pressure Wound Therapy Market, 2025
Negative Pressure Wound Therapy
What Will the Negative Pressure Wound Therapy Industry Market Size Be by 2025?
The market size for negative pressure wound therapy has experienced a significant surge in the last few years. The market, which stood at $3.03 billion in 2024, is projected to escalate to $3.19 billion in 2025, with a compound annual growth rate (CAGR) of 5.2%. The upturn in the historic phase can be credited to factors such as an increase in the elderly population, prevalence of hospital-acquired infections, a surge in surgical procedures, development in the healthcare infrastructure, and reimbursement policies that are in place.
What's the Long-Term Growth Forecast for the Negative Pressure Wound Therapy Market Size Through 2029?
Anticipations show significant expansion in the negative pressure wound therapy market in the coming years, with the market forecast to reach $4.07 billion in 2029, boasting a compound annual growth rate (CAGR) of 6.3%. This expected rise in the future period can be traced back to factors such as the increasing instances of diseases linked to lifestyle, the preference for home-based healthcare, readiness for global health emergencies, the preference of patients for non-invasive procedures, value-focused healthcare models, and surging occurrence of chronic wounds. Noteworthy market trends during this projection period encompass tech advancements, integrating telemedicine, customised wound care, collaborations and strategic alliances, regulatory adherence, and standardisation.
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What Are the Key Growth Drivers Fueling the Negative Pressure Wound Therapy Market Expansion?
The increasing incidence of diabetes is anticipated to fuel the expansion of the negative pressure wound therapy market. Diabetic foot ulceration (DFU) is the primary area where negative pressure wound therapy is applied. The wounds of diabetic patients are challenging to heal due to the potential of poor circulation in individuals with unregulated diabetes, leading to less oxygen being sent to the wound and slower tissue healing. Therefore, negative pressure wound therapy is a more effective solution for these patients, providing better graft uptake than traditional dressings. For example, in July 2023, the Belgium-based non-profit organization International Diabetes Federation (IDF) reported that there were 540 million people between the ages of 20-79 living with diabetes in 2022. They projected this number to increase to 643 million by 2030 and 783 million by 2045. Thus, the increasing incidence of diabetes is a significant factor driving the growth of the negative pressure wound therapy market.
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What Are the Key Trends Driving Negative Pressure Wound Therapy Market Growth?
The surge in technological development is becoming a notable trend in the negative pressure wound therapy market. Big players in this market are now focused on producing technological answers for negative pressure wound therapy. For example, in August 2022, 3M, an American multinational conglomerate, introduced a fresh 3M Veraflo Cleanse Choice Complete Dressing Kit for negative pressure wound therapy as well as a software update for the 3M V.A.C. Ulta Therapy Unit. The purpose of these new launches is to streamline the process of care delivery for clinicians and enhance the patient experience by facilitating easier, quicker, and less painful dressing changes. The software enhancement introduces therapy start automation and offers useful features, and the new dressing kit makes application simpler and comes with a softer drape for patient's comfort. These improvements aim to boost the effectiveness and efficiency of Veraflo Therapy in wound management.
How Is the Negative Pressure Wound Therapy Market Segmented?
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
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Which Companies Are Leading the Charge in Negative Pressure Wound Therapy Market Innovation?
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
Which Regions Are Leading the Global Negative Pressure Wound Therapy Market in Revenue?
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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