Negative Pressure Wound Therapy Market By Products (Conventional Products, Disposable Products), Wound Type (Chronic Wound, Diabetic Foot Ulcers, Pressure Ulcers & Acute Ulcers, Burns & Trauma, Surgical Wounds), End User (Hospitals & Clinics, Ambulatory Surgical Centers, Home Care Settings) – Global Outlook & Forecast 2022-2030
According to the deep-dive market assessment study conducted by GRG Health, the global Negative-pressure wound therapy market was pegged at ~US$ 2.5 billion in 2021. The market is expected to witness a CAGR of ~5.9 % from 2022 to 2030.
Negative-pressure wound therapy, also known as vacuum-assisted closure, is a beneficial practice that involves the use of a suction pump, tubing, and a dressing to eliminate additional exudate and promote healing in acute or chronic wounds, as well as second-and third-degree burns. Factors contributing to the growth of the negative pressure wound therapy market include growing expenditure bringing innovative wound treatments, increasing need for preventing surgical site infections (SSIs), an increase in the number of diabetic cases, and accidents becoming more common. Additionally, the high rate of cesarean sections performed on pregnant women may present a development opportunity for the industry. However, a lack of trained personnel and the high cost required for the treatment can restrain the growth of this market.
Foot ulcers and infections are very common in patients suffering from diabetes, it has been seen that most ulcers become infectious, and these infections can result in many chronic diseases. Infectious diabetic foot ulcers can result in significant injuries like exclusion and limb loss. According to the Centers for Disease Control and Prevention (CDC), in the United States, more than 34.2 million people had diabetes in 2020, among which 34.5 percent of the adult population has prediabetes. Furthermore, newly identified instances of type 1 and type 2 diabetes have increased among the country's juvenile population. Therefore, rising prevalence of diabetes is a critical driver for the growth of the negative pressure wound therapy market.
Exposed bones and tendons, foot ankle injuries, etc. are very common in the case of accidents. According to a June 2022 report published by The World Health Organization (WHO) around 1.3 million people die due to road crashes, and around 20 - 50 million people suffer from severe injuries, the NPWT could be one of the best methods to recover from the condition as it does not require frequent dressing changes, increases blood flow to the wound site, reduces blisters, decreases the rate of microbial contamination, etc. Furthermore, NPWT has been shown to provide a continuous physical stimulus that promotes the formation of new vessels and granulation tissues.
Additionally, expanding the application base in treatment of C-section wounds is a potential growth opportunity in the negative pressure wound therapy market. VAC (vacuum-assisted closure) devices may aid in the prevention of infections following cesarean delivery. A research review stated the effects of wound VAC in obese females who were at high risk of growing wound difficulties. Overall, the investigators found that VAC appeared to be capable of reducing the number of infections and complications. Obese pregnant women (having a BMI of 30 or higher prior to pregnancy) are more likely to have their infants delivered via C-section and are also more probable to create an infection at the surgical site. NPWT entails applying a special dressing to a surgical wound and connecting the dressing to a low-pressure vacuum pump to create negative air pressure.
Moreover, the high cost of therapy, lack of trained personnel, complications arising during the therapy, and lack of awareness and understanding can restrain the market growth.
The global negative pressure wound therapy market has been classified into four regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America has the biggest share of this market, followed by Asia Pacific. North America holds dominant position in the global negative pressure wound therapy market due to issues such as ease of access to novel treatment methods, improved awareness of therapy, significantly large prevalence of diabetes and chronic wounds, and the presence of several market players in this region. After North America, Asia Pacific is likely to grow at the fastest rate between 2022 and 2030, owing to circumstances such as high population expansion, and consistent increase in diabetic and chronic disease population, which leads to many chronic complications such as ulcers.
This report entails a thorough quantitative analysis of the negative pressure wound therapy market trends from 2022 to 2030. The global negative pressure wound therapy market has been analyzed from four perspectives: product, wound type, end-user, and region. Based on the product it is further categorized into conventional products and disposable products. According to wound types, the market is classified into chronic wounds and acute wounds. Based on end-users, it is grouped into hospitals and clinics, ambulatory surgical centers, and home care settings.