Market Size of North America Negative Pressure Wound Therapy Industry
| 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.
