The NPWT devices market involves medical devices that help expedite wound healing through the application of sub-atmospheric pressure to the wound. These devices help in removing excess exudate from the wound while maintaining a moist wound environment, promoting blood circulation and stimulating the formation of granulation tissue. They are mainly used for chronic and acute wounds including pressure ulcers, diabetic foot ulcers, surgical & traumatic wounds among others. The increasing incidences of diabetes, obesity and other chronic diseases which often lead to complex and hard-to-heal wounds are driving the demand for NPWT devices.
The Global NPWT devices market is estimated to be valued at US$ 19051.6 Mn in 2024 and is expected to exhibit a CAGR of 3.6% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the NPWT devices are Abbott, Morinaga Milk Industry CO., LTD., RELAX EXCELLENCE IN LACTULOSE, FRESENIUS KABI, BIOFAC A/S and Lactose India Limited. These players are focusing on new product launches and geographical expansion to strengthen their market position.
There is a rise in demand for single-use NPWT devices owing to benefits like ease-of-use and reduced risk of infection. With increasing chronic wounds across the globe, single-use NPWT devices provide ample growth opportunities for manufacturers.
The key players are expanding their global footprint through collaborations with regional players. For instance, Abbott established production facilities in China and Brazil. This expansion strategy will help address the growing needs of the wound care market in different geographies.
Market drivers and restrain:
The increasing geriatric population is a major market driver. Population aged 65 years and above are more susceptible to chronic diseases and wound complications. It is estimated that by 2050, over 16% of the world's population will be aged 65 years and above.
Lack of adequate reimbursement policies for advanced Negative Pressure Wound Therapy (Npwt) Devices Market Demand growth. NPWT devices have high upfront costs which burden the patients in regions with lack of proper insurance coverage for such products. This discourages the adoption of NPWT therapy.
Segment Analysis
Wound type segment accounts for the dominant share with devices for acute wounds sub segment holding majority share. This is because NPWT devices are commonly used to treat acute wounds such as traumatic, surgical and burns wounds. These wounds have open lesion requiring drainage and closure of moist environment that is effectively addressed by NPWT. Surgical wounds sub segment holds the largest revenue share as NPWT devices effectively manage surgical incision wounds post operatively to enhance healing.
Wounds care setting segment has hospital segment dominating others. This is due to number of surgeries and trauma cases undertaken in hospital settings necessitating use of NPWT devices for post-operative and trauma wounds. NPWT finds widespread adoption in hospitals for management of acute and chronic wounds in patients admitted as inpatients or visiting outpatient departments.
Global Analysis
North America region leads the global NPWT devices market with highest revenue share. This is owing to growing prevalence of chronic wounds especially in U.S. coupled with favorable reimbursement policies and presence of major players. Europe follows next with substantial market share due to high awareness regarding advanced wound management solutions and supportive government funding. Asia Pacific represents fastest growing region majorly driven by China and India. This is attributed to rising healthcare investment, medical tourism and increasing diabetes and aging population in this region predisposing to chronic wounds.
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