NPWT Devices Market To Generate $4,698.4 Million Revenue by 2030
NPWT Devices Market Report
NPWT Devices Market Overview
NPWT Devices Market. A number of factors, such as rising cases of burns, increasing incidence of diabetes, surging geriatric population, and high rate of caesarean section (C-section) surgeries leading to rising post-operative usage of negative pressure wound therapy (NPWT) devices, are projected to boost the growth of the NPWT devices market at a CAGR of 7.7% during 2020–2030. According to P&S Intelligence, the market stood at $2,248.1 million in 2020, and it is expected to reach $4,698.4 million by 2030. Moreover, the market is witnessing a trend of shift in preference of people toward advanced wound therapies.
Moreover, other key factor boosting the demand for NPWT devices across the world is the rising cases of burns. According to the World Health Organization (WHO), burns cause 180,000 deaths every year, majorly in low- and middle-income nations. Additionally, it is one of the leading causes of disability-adjusted life years (DALY). As per the organization, over 96% of the fatal fire-related accidents happened in these countries in 2020.
Size
The product segment of the NPWT devices industry is classified into single-use, conventional, and accessories. Among these, the conventional category accounted for the largest revenue share in 2020 in the market. It is projected to witness the same trend in the coming years as well. This is ascribed to the high penetration of these devices, especially in emerging economies with a large population base, such as China and India.
Furthermore, on the basis of wound type, the NPWT devices industry is categorized into acute and chronic. Between the two, the chronic category held the largest market share in 2020, and it is projected to record faster growth during the foreseeable period. This can be ascribed to the increasing incidence of chronic diseases. Such as diabetes mellitus, peripheral arterial occlusive disease, and chronic venous insufficiency. Additionally, as geriatric population is more prone to such diseases. They need wound care products in large number for their treatment.
Share
Globally, North America was the largest NPWT devices market in 2020, and it expected to witness the same trend during the forecast period as well. This is due to the presence of key market players, widespread research and development (R&D) activities. And high healthcare expenditure, in the region. On the other hand, the Asia-Pacific (APAC) market is projected to record the fastest growth during the forecast period. This can be ascribed to the surging cases of burns, chronic diseases, and traumatic wounds, and the increasing population of elderly people.
Thus, the rising incidence of burns, diabetes, and chronic diseases. The increasing geriatric population are expected to propel the growth of the market during the forecast period.
The research offers market size of the global negative pressure wound therapy (NPWT) devices market for the period 2015–2030.
Product
- Conventional
- Single-Use
- Accessories
Wound Type
- Chronic
- Venous ulcers
- Diabetic foot ulcers
- Pressure ulcers
- Acute
- Surgical
- Burns
- Others
End User
- Hospitals
- In-patient
- Out-patient
- Home-Care Settings
- Others
Region
- North America
- By product
- By wound type
- By end user
- By country – U.S. and Canada
- U.S.
- By product
- By wound type
- By end user
- Canada
- By product
- By wound type
- By end user
- U.S.
- Europe
- By product
- By wound type
- By end user
- By country – Germany, France, U.K., Italy, Spain, Italy, Russia, Switzerland, Sweden, Denmark, Norway, Poland, and Rest of Europe
- Germany
- By product
- By wound type
- By end user
- France
- By product
- By wound type
- By end user
- U.K.
- By product
- By wound type
- By end user
- Italy
- By product
- By wound type
- By end user
- Spain
- By product
- By wound type
- By end user
- Russia
- By product
- By wound type
- By end user
- Germany
- Asia-Pacific (APAC) NPWT Devices Market
- By product
- By wound type
- By end user
- By country – China, Japan, India, Australia, South Korea, Indonesia, Sri Lanka, Malaysia, Singapore, Thailand, and Rest of APAC
- China
- By product
- By wound type
- By end user
- Japan NPWT devices market
- By product
- By wound type
- By end user
- India
- By product
- By wound type
- By end user
- Australia NPWT devices market
- By product
- By wound type
- By end user
- South Korea
- By product
- By wound type
- By end user
- Indonesia NPWT devices market
- By product
- By wound type
- By end user
- China
- Latin America (LATAM) NPWT Devices Market
- By product
- By wound type
- By end user
- By country – Brazil, Mexico, Argentina, Chile, Colombia, Ecuador, and Rest of LATAM
- Brazil NPWT devices market
- By product
- By wound type
- By end user
- Mexico NPWT devices market
- By product
- By wound type
- By end user
- Brazil NPWT devices market
- Middle East and Africa (MEA)
- By product
- By wound type
- By end user
- By country –South Africa, Saudi Arabia, Israel, U.A.E, Egypt, Kuwait, and Rest of MEA
- South Africa NPWT devices market
- By product
- By wound type
- By end user
- Saudi Arabia
- By product
- By wound type
- By end user
- South Africa NPWT devices market
