North America Negative Pressure Wound Therapy Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 1.20 Billion |
| Market Size (2029) | USD 1.50 Billion |
| CAGR (2024 - 2029) | 4.59 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Negative Pressure Wound Therapy Market Analysis
The North America Negative Pressure Wound Therapy Market size is estimated at USD 1.20 billion in 2024, and is expected to reach USD 1.5 billion by 2029, growing at a CAGR of 4.59% during the forecast period (2024-2029).
The negative pressure wound therapy is considered to be the most preferred choice of treatment, especially for deep acute wounds and persistent chronic wounds including leg ulcers. The topical use of NPWT has been widely studied in the literature over the past 20 years. Most clinical trials have shown the effectiveness of this therapy in the treatment of superficial wounds. Moreover, the localized use of NPWT in infected wounds offers advantages, such as wound drainage, angiogenesis stimulation, proteinase excretion, and decreased local and systemic bacterial load. The increasing prevalence of chronic wounds and diabetic ulcers in the region and technological advancements in the NPWT devices are fueling the market growth.
The United States National Institutes of Health, report published in 2017, states that chronic wounds, or wounds that are slow to heal affect 6.5 million people in the country currently. However, the high cost of the treatment and complications associated with NPWT devices are the major restraints for the growth of the market in the region.
North America Negative Pressure Wound Therapy Market Trends
This section covers the major market trends shaping the North America Negative Pressure Wound Therapy Market according to our research experts:
Diabetic Foot Ulcers are Expected to Witness Rapid Growth in the Market Studied
Diabetic Foot Ulcers (DFU) is one of the most common complications associated with Diabetes and is posing a burden on several countries across the region. According to the Centers for Disease Control and Prevention, 2017, every year about 73,000 amputations of the lower limb not related to trauma are performed on people with diabetes, in the United States. With the increasing rise in the prevalence of diabetes in the region, the foot ulcers are also on a hike, as 10% of people with diabetes have a foot ulcer.
Several studies have revealed that NPWT is helpful in reducing the time it takes wounds to heal. Faster wound healing results in an overall decrease in hospitalization and avoids the additional morbidity of chronic wounds. Hence, due to the efficacy of the NPWT in healing the DFU in less time, the demand for NPWT is increasing despite the high price of it. Added to that, rising incidence and prevalence of DFU across the region are fuelling the segment growth.
North America Negative Pressure Wound Therapy Industry Overview
The North America Negative Pressure Wound Therapy Market is moderately competitive with several major players. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments. Some of the major players are Molnlycke Health Care, ConvaTec Inc., Cardinal Health, Inc., Smith & Nephew plc, 3M Company.
North America Negative Pressure Wound Therapy Market Leaders
Molnlycke Health Care
ConvaTec Inc.
Cardinal Health, Inc.
Smith & Nephew plc
3M (Acelity L.P. Inc.)
*Disclaimer: Major Players sorted in no particular order
North America Negative Pressure Wound Therapy Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Number of Accidents and Traumatic Events
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4.2.2 Rising Chronic Wounds Such as Diabetic Foot Ulcers
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4.2.3 Technological Advancements in the NPWT Devices
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4.3 Market Restraints
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4.3.1 High Cost of Device and Treatment
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4.3.2 Complications Associated With NPWT Device
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product
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5.1.1 Re-Usable Device
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5.1.2 Single-Use Device
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5.2 By Wound Type
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5.2.1 Diabetic Foot Ulcer
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5.2.2 Pressure Ulcer
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5.2.3 Venous Leg Ulcer
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5.2.4 Burn Wounds
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5.2.5 Others
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5.3 By End-User
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5.3.1 Hospital
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5.3.2 Homecare
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5.3.3 Others
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5.4 Geography
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5.4.1 North America
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5.4.1.1 United States
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5.4.1.2 Canada
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5.4.1.3 Mexico
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Molnlycke Health Care
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6.1.2 ConvaTec Inc.
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6.1.3 Cardinal Health, Inc.
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6.1.4 Smith & Nephew plc
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6.1.5 3M (Acelity L.P. Inc.)
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6.1.6 Talley Group Limited
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6.1.7 Devon Medical, Inc
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6.1.8 Medela AG
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6.1.9 DeRoyal Industries, Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Negative Pressure Wound Therapy Industry Segmentation
As per the scope of the report, negative-pressure wound therapy (NPWT) is a therapeutic technique using a suction dressing to remove excess exudation and promote healing in acute or chronic wounds and second- and third-degree burns. This report covers the study of types of NPWT products and their applications across various injuries/ulcers.
| By Product | |
| Re-Usable Device | |
| Single-Use Device |
| By Wound Type | |
| Diabetic Foot Ulcer | |
| Pressure Ulcer | |
| Venous Leg Ulcer | |
| Burn Wounds | |
| Others |
| By End-User | |
| Hospital | |
| Homecare | |
| Others |
| Geography | |||||
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North America Negative Pressure Wound Therapy Market Research FAQs
How big is the North America Negative Pressure Wound Therapy Market?
The North America Negative Pressure Wound Therapy Market size is expected to reach USD 1.20 billion in 2024 and grow at a CAGR of 4.59% to reach USD 1.50 billion by 2029.
What is the current North America Negative Pressure Wound Therapy Market size?
In 2024, the North America Negative Pressure Wound Therapy Market size is expected to reach USD 1.20 billion.
Who are the key players in North America Negative Pressure Wound Therapy Market?
Molnlycke Health Care, ConvaTec Inc., Cardinal Health, Inc., Smith & Nephew plc and 3M (Acelity L.P. Inc.) are the major companies operating in the North America Negative Pressure Wound Therapy Market.
What years does this North America Negative Pressure Wound Therapy Market cover, and what was the market size in 2023?
In 2023, the North America Negative Pressure Wound Therapy Market size was estimated at USD 1.15 billion. The report covers the North America Negative Pressure Wound Therapy Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Negative Pressure Wound Therapy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Negative Pressure Wound Therapy Industry Report
Statistics for the 2024 North America Negative Pressure Wound Therapy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Negative Pressure Wound Therapy analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
