The global negative pressure wound therapy market is projected to exhibit modest growth, at a CAGR of around 4.6%, during the forecast period. The increasing incidence of chronic wounds such as ulcers is propelling the growth of the global negative pressure wound therapy market. Pressure ulcers are one of the most common types of ulcers that occur in humans due to the pressure of body weight. Pressure ulcers increase the possibility of infection, increases healing time, complicate recovery of the wound, effort, and costs, which in turn, significantly delay the discharge of a patient from the hospital. In certain cases, it even leads to the mortality of the affected patients.
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The prevalence of pressure ulcers is increasing in various regions that can be treated by using wound dressing, and thereby, propelling the growth of the negative pressure wound therapy market. According to the Agency for Healthcare Research and Quality (AHRQ), in 2017, more than 2.5 million individuals develop pressure ulcers in the US each year. In addition, according to the National Healthcare Systems England, around 24,674 patients were reported with new pressure ulcers during the period April 2015 to March 2016. The cost of treating such a number of patients costs the NHS over $4.3 million. The increasing burden of pressure ulcers surges the demand for the treatment of such chronic wounds which can be prevented and treated using negative pressure wound therapy, thereby, contributing to the growth of the market.
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In addition, as per the National Pressure Ulcer Advisory Panel (NPUAP), in 2016, the prevalence of leg ulceration is about 1% to 2% higher in the elder population. Among all the leg ulcers, the venous ulcers are one of the most prevailing ulcers that account for nearly 80% of all lower body ulcerations. The most common age for the leg ulcerations is between 60 to 80 years. Hence, the increasing geriatric population pool is at high risk of having venous ulcers than young adults. Additionally, the venous ulcers are associated with a high rate of recurrence and may have prolonged duration, which causes the prevalence of ulcers.
The major cause for the development of leg ulcers is diabetes. According to the National Pressure Injury Advisory Panel (NPUAP), about 15% of people with diabetes develop foot ulceration during their lifetime. One of the major difficulties of diabetes mellitus is the progress of diabetic foot ulcers. The International working group on diabetic foot (IWGDF) has proposed angiopathy and neuropathy as the major factors that lead to the development of diabetic foot ulcers. These types of ulcers increase the demand for wound dressings that in turn, propel the growth of the negative pressure wound therapy market.
Global Negative Pressure Wound Therapy Market-Segmentation
By Product Type
• Conventional NPWT
• Single-Use NPWT
By Wound Type
• Surgical Wounds
• Traumatic Wounds
• Hospitals and Clinics
Global Negative Pressure Wound Therapy Market– Segment by Region
• United States
• Rest of Europe
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
• 3M Co.
• ATMOS MedizinTechnik GmbH & Co. KG
• Cardinal Health, Inc.
• Carilex Medical Group
• Coloplast Group
• ConvaTec Inc.
• DeRoyal Industries, Inc.
• Devon Medical Products
• Genadyne Biotechnologies, Inc.
• Lohmann & Rauscher GmbH & Co. KG
• Medela AG
• Mölnlycke Health Care AB
• PAUL HARTMANN Ltd.
• Smith & Nephew PLC
• SunMed Medical Systems LLC
• Talley Group Ltd.
• The Wound Vac Company, LLC
• Triage Meditech Pvt. Ltd.
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