Single Use Negative Pressure Wound Therapy Devices Market Analysis and Forecast to 2031: By Wound Type (Ulcers, Surgical, Traumatic, Sports Injuries, Flaps & Grafts, Burns), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Others), and Region
Single-use negative pressure wound therapy devices market was valued at USD 498.3 million in 2021 and it is anticipated to grow further to USD 1145.4 million by 2031, at a CAGR of 8.7% during the forecast period.
Negative pressure wound therapy, commonly referred to as vacuum-assisted wound closure, is used to cure wounds and drain fluids from the wound site. Pressure ulcers, diabetic ulcers, skin flaps, and other wounds can all be treated with negative pressure wound therapy.
Global Single-Use Negative Pressure Wound Therapy Devices Market Scope and Report Structure
Market Trends and Drivers
During the forecast period, there is likely to be a rise in demand for effective negative pressure wound therapy devices due to the rising prevalence of diabetes and other chronic wounds worldwide. For instance, the American Diabetes Association reports that in June 2022, approximately 7 million Americans had a chronic wound, including 2 million people who had diabetic foot ulcers. In actuality, foot ulcers affected one in four diabetics. Up to 85% of amputations caused by diabetes had a foot ulcer first.
Market Restraints and Challenges
The high cost of the devices is the main factor impeding the growth of the global market for negative pressure wound therapy (NPWT) devices. Market expansion is anticipated to be restricted by high costs associated with R&D efforts and a lack of awareness in emerging markets.
Global Single Use Negative Pressure Wound Therapy Devices Market Segmental Overview
The report analyses the global single use negative pressure wound therapy devices market by wound type, end user, and region.
Global Single Use Negative Pressure Wound Therapy Devices Market by Wound Type
Based on the wound type, it is segmented into ulcers, surgical, traumatic, sports injuries, flaps & grafts, and burns. The traumatic sports injuries segment is anticipated to dominate the market during the forecast period. The increasing prevalence of road accidents and trauma cases is likely to boost the growth of the market.
Global Single Use Negative Pressure Wound Therapy Devices Market by End User
Based on end user, it is segmented into hospitals, clinics, ambulatory surgical centers, and others. The hospitals segment is anticipated to dominate the market during the forecast period. The rising adoption of organic strategies like product launch and expansion to boost its footprint and product portfolio across the globe and meet the rising demand is boosting the growth of the market.
Geographical Analysis of the Global Single Use Negative Pressure Wound Therapy Devices Market
Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. The market is projected to develop because to the rising occurrence of wounds caused by a variety of disorders, including burns, trauma, surgery, and others, as well as the rising demand for better wound management.
Major Players of the Global Single Use Negative Pressure Wound Therapy Devices Market
The report analyses the various key players such as Acelity L.P. Inc.; Talley Group Limited; Nephew plc; Devon Medical Products; Mölnlycke Health Care; Medela; DeRoyal Industries, Inc.; ConvaTec, Inc.; Cardinal Health, Inc.; and Paul Hartmann AG among others.
COVID-19 Impact
The COVID-19 put enormous demand on the world's healthcare systems. Providers delayed elective and preventive visits, such annual physicals, and switched wherever possible from in-person consultations to telemedicine sessions in order to reduce the risk of spreading the virus to patients or healthcare professionals inside their practise. However, the COVID-19 epidemic has had a mixed effect on the market for single-use negative pressure wound healing devices. A high-demand sector in healthcare is wound management since wounds are occurring at an increasing rate throughout the world.
Recent Developments
March 2020, Smith + Nephew announced US launch of PICO 14 Single Use Negative Pressure wound Therapy System for use on high risk surgical patients.
Frequently Asked Questions
Q1. How big is the Single Use Negative Pressure Wound Therapy Devices market?
Ans. The global Single Use Negative Pressure Wound Therapy Devices market size was USD 498.3 million in 2021 and it is anticipated to grow further to USD 1145.4 million by 2031, at a CAGR of 8.7% from 2022 to 2031.
Q2. What is the Single Use Negative Pressure Wound Therapy Devices market growth rate?
Ans. The growth rate of the Single Use Negative Pressure Wound Therapy Devices market is 8.7%.
Q3. Which region holds a major market share for the Single Use Negative Pressure Wound Therapy Devices market?
Ans. North America holds a major market share of the Single Use Negative Pressure Wound Therapy Devices market in 2021.
Q4. Which segment accounted for the largest Single Use Negative Pressure Wound Therapy Devices market share?
Ans. By end user, the hospitals segment accounted for the largest Single Use Negative Pressure Wound Therapy Devices market share.
Q5. Who are the key players in the Single Use Negative Pressure Wound Therapy Devices market?
Ans. The global Single Use Negative Pressure Wound Therapy Devices market report includes players such as Acelity L.P. Inc.; Talley Group Limited; Nephew plc; Devon Medical Products; Mölnlycke Health Care; Medela; DeRoyal Industries, Inc.; ConvaTec, Inc.; Cardinal Health, Inc.; and Paul Hartmann AG among others.
Q6. What are the factors driving the Single Use Negative Pressure Wound Therapy Devices market growth?
Ans. The major factors driving the growth of the market are the growing healthcare market in emerging countries.
Q7. What are the key growth strategies of Single Use Negative Pressure Wound Therapy Devices market players?
Ans. The key growth strategies of Single Use Negative Pressure Wound Therapy Devices market players are product launch and product approval.
Q8. Which region will provide more business opportunities for the Single Use Negative Pressure Wound Therapy Devices market during the forecast period?
Ans. The Asia-Pacific region will provide more business opportunities for the Single Use Negative Pressure Wound Therapy Devices market during the forecast period.
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