North America Negative Pressure Wound Therapy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The North America Negative Pressure Wound Therapy Market is segmented by Product (Re-Usable Device, Single-Use Device) Wound Type, End-User and by Geography

Market Snapshot

north america negative pressure wound therapy market size
Study Period: 2018 - 2026
Base Year: 2021
CAGR: 5.6 %
north america negative pressure wound therapy market major companies

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Market Overview

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.

Scope of the report

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
North America
United States
Canada
Mexico

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Key Market Trends

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 market forecast

single-use negative pressure wound therapy devices market

Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Number of Accidents and Traumatic Events

      2. 4.2.2 Rising Chronic Wounds Such as Diabetic Foot Ulcers

      3. 4.2.3 Technological Advancements in the NPWT Devices

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Device and Treatment

      2. 4.3.2 Complications Associated With NPWT Device

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Re-Usable Device

      2. 5.1.2 Single-Use Device

    2. 5.2 By Wound Type

      1. 5.2.1 Diabetic Foot Ulcer

      2. 5.2.2 Pressure Ulcer

      3. 5.2.3 Venous Leg Ulcer

      4. 5.2.4 Burn Wounds

      5. 5.2.5 Others

    3. 5.3 By End-User

      1. 5.3.1 Hospital

      2. 5.3.2 Homecare

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Molnlycke Health Care

      2. 6.1.2 ConvaTec Inc.

      3. 6.1.3 Cardinal Health, Inc.

      4. 6.1.4 Smith & Nephew plc

      5. 6.1.5 3M (Acelity L.P. Inc.)

      6. 6.1.6 Talley Group Limited

      7. 6.1.7 Devon Medical, Inc

      8. 6.1.8 Medela AG

      9. 6.1.9 DeRoyal Industries, Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The North America Negative Pressure Wound Therapy Market market is studied from 2018 - 2026.

The North America Negative Pressure Wound Therapy Market is growing at a CAGR of 5.6% over the next 5 years.

Molnlycke Health Care, ConvaTec Inc., Cardinal Health, Inc., Smith & Nephew plc, 3M (Acelity L.P. Inc.) are the major companies operating in North America Negative Pressure Wound Therapy Market.

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