Global Negative Pressure Wound Therapy (NPWT) Devices Market, By Device Type (Standalone Devices, Single-use Devices, Portable Devices, and Accessories), by Application (Diabetic Foot Ulcers, Venous Leg Ulcers, Pressure Ulcers, and Burn Wounds), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  • Published On : Aug 2019 |
  • Pages : 179 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Negative Pressure Wound Therapy (NPWT) Devices Market

Negative pressure wound therapy is also known as vacuum assisted wound closure, and is used for wound healing and removal of fluids from the site of the wound. Negative pressure wound therapy can be used for treating acute, chronic wounds, diabetic ulcers, skin flaps, pressure ulcers, and others.

Increasing incidence of chronic wounds such as diabetic foot ulcers, increasing awareness for technologically advance treatment modalities and availability of favorable reimbursement policies in developed and emerging economies are expected to increase demand for negative pressure wound therapy derives.

The global negative pressure wound therapy (NPWT) devices market was valued at US$ 1,989.8 million in 2018, and is expected to exhibit a CAGR of 6.5% over the forecast period (2019–2027).

Figure 1. Global Negative Pressure Wound Therapy (NPWT) Devices Market Value (US$ Mn), by Region, 2018

Negative Pressure Wound Therapy Devices  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Increasing incidence and prevalence of chronic wounds is expected to fuel demand for negative pressure wound therapy devices across the globe

Increasing prevalence of diabetes and other chronic wounds around the world is expected to increase demand for efficient negative pressure wound therapy devices during the forecast period. For instance, according to report published by the American Diabetes Association in 2017, the annual incidence of diabetic foot ulcers in western countries is around 2%.

Moreover, with increasing age, prevalence of leg ulcers and other chronic wounds also increases. Although, there is lesser prevalence of venous leg ulcers, cost of treating such ulcers remains a burden on the global economy. For instance, according to NHS in U.K., prevalence of venous leg ulcers was 0.1-0.3%, however, treatment cost was around US$ 506 – US$ 760 million annually. However, low awareness regarding NPWT devices in emerging and low-income economies is expected to hinder growth of the market over the forecast period.

Figure 2. Global Negative Pressure Wound Therapy (NPWT) Devices Market Share (%), by Device Type (2019-2027)

Negative Pressure Wound Therapy Devices  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Increasing awareness for technologically advance treatment modalities and availability of reimbursement policies are the major factors propelling growth of the global Negative Pressure Wound Therapy (NPWT) Devices Market

Availability of reimbursement policies are major factors resulting in the adoption of NPWT devices, especially in developed economies such as the U.S., Canada, Germany, Netherlands, Sweden, and Switzerland. For instance, in 2017, the U.S. Centers for Medicare and Medicaid Services (CMS) amended the reimbursement law for NPWT devices. According to the guidelines, the insurance coverage of NPWT devices and services has 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 using prophylactic negative pressure wound therapy devices (NPWT) in closed surgical incisions in high-risk wounds. This is expected to support growth of the global negative pressure wound therapy devices market in the near future.

Key Players

Major players operating in the global negative pressure wound therapy (NPWT) devices market include Smith & Nephew plc., 3M Company (ACELITY), Devon Medical, Paul Hartmann AG, Talley Group Limited, Coloplast A/S, ConvaTec Inc., Molnlycke Health Care AB, Medela AG, Kinetic Concepts, Inc., and Cardinal Health, Inc.

Negative pressure wound therapy devices are relatively noninvasive devices used for treatment of acute and chronic wounds such as diabetic foot ulcers, venous leg ulcers, pressure ulcers, and burn injuries. Negative pressure wound therapy utilizes controlled application of sub-atmospheric pressure at the site of the wound through a sealed wound dressing which is connected to a vacuum.

Market Dynamics

Increasing incidence of diabetic foot ulcers, venous leg ulcers, product launches by market players, as well as increasing healthcare expenditure are major factors driving the global negative pressure wound therapy devices market growth. For instance, according to the Center for Medicare and Medicaid Services the U.S. health care spending increased 3.9% to reach US$ 3.5 trillion in 2017.

Furthermore, adoption of inorganic strategies such as mergers and acquisitions, new product development by key players in order to expand their product portfolio are expected to drive the market growth. For instance, in January 2018, Applied Tissue Technologies, an advance wound care company, received U.S. FDA 510 (K) approval for PWD, a negative pressure wound therapy product to be used without foam or gauze.

Key features of the study:

  • This report provides in-depth analysis of the negative pressure wound therapy devices market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global negative pressure wound therapy devices market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Smith & Nephew plc., 3M Company (ACELITY), Devon Medical, Paul Hartmann AG, Talley Group Limited, Coloplast A/S, ConvaTec Inc., Molnlycke Health Care AB, Medela AG, Kinetic Concepts, Inc., and Cardinal Health, Inc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global negative pressure wound therapy devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global negative pressure wound therapy devices market

Detailed Segmentation:

  • Global negative pressure wound therapy devices Market, By Device Type:
    • Standalone Devices
    • Single-use Devices
    • Portable Devices
    • Accessories
  • Global negative pressure wound therapy devices Market, By Application:
    • Diabetic Foot Ulcers
    • Venous Leg Ulcers
    • Pressure Ulcers
    • Burn Wounds
  • Global negative pressure wound therapy devices Market, By Region:
    • North America
      • By Product Type:
        • Standalone Devices
        • Single-use Devices
        • Portable Devices
        • Accessories
      • By Application:
        • Diabetic Foot Ulcers
        • Venous Leg Ulcers
        • Pressure Ulcers
        • Burn Wounds
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Standalone Devices
        • Single-use Devices
        • Portable Devices
        • Accessories
      • By Application:
        • Diabetic Foot Ulcers
        • Venous Leg Ulcers
        • Pressure Ulcers
        • Burn Wounds
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Standalone Devices
        • Single-use Devices
        • Portable Devices
        • Accessories
      • By Application:
        • Diabetic Foot Ulcers
        • Venous Leg Ulcers
        • Pressure Ulcers
        • Burn Wounds
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Standalone Devices
        • Single-use Devices
        • Portable Devices
        • Accessories
      • By Application:
        • Diabetic Foot Ulcers
        • Venous Leg Ulcers
        • Pressure Ulcers
        • Burn Wounds
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Standalone Devices
        • Single-use Devices
        • Portable Devices
        • Accessories
      • By Application:
        • Diabetic Foot Ulcers
        • Venous Leg Ulcers
        • Pressure Ulcers
        • Burn Wounds
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Standalone Devices
        • Single-use Devices
        • Portable Devices
        • Accessories
      • By Application:
        • Diabetic Foot Ulcers
        • Venous Leg Ulcers
        • Pressure Ulcers
        • Burn Wounds
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Smith & Nephew plc. *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • 3M Company (ACELITY)
    • Devon Medical
    • Paul Hartmann AG
    • Talley Group Limited
    • Coloplast A/S
    • ConvaTec Inc.
    • Molnlycke Health Care AB
    • Medela AG
    • Kinetic Concepts, Inc.
    • Cardinal Health, Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Device Type
      • Market Snippet, By Application Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Industry Trends
    • Regulatory Scenario
    • Reimbursement Scenario
    • Epidemiology
    • PEST Analysis
  4. Global Negative Pressure Wound Therapy Devices Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Standalone Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Single-use Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Portable Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Accessories
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Negative Pressure Wound Therapy Devices Market, By Application, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Diabetic Foot Ulcers
      •  Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Venous Leg Ulcers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Pressure Ulcers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Burn Wounds
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Negative Pressure Wound Therapy Devices Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Device Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Device Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Device Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Device Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Device Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Device Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  7. Competitive Landscape
    • Company Profiles
      • Smith & Nephew plc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • 3M Company (ACELITY)
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • ACE Surgical Supply Company, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Devon Medical
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      •  Paul Hartmann AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Talley Group Limited
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Coloplast A/S
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • ConvaTec Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Molnlycke Health Care AB
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Medela AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Kinetic Concepts, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Cardinal Health, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 51 market data tables and 43 figures on "Negative Pressure Wound Therapy Devices Market - Global forecast to 2027”.

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