US Negative Pressure Wound Therapy Market Research Report Forecast to 2032
US Negative Pressure Wound Therapy Market Research Report Forecast to 2032
Market Overview
The market for US negative pressure wound therapy is developing due to an increase in the occurrence of chronic wounds and a preference for improved wound care. Furthermore, the expanding geriatric population is fueling growth in the US negative pressure wound therapy market. However, the availability of alternative wound healing techniques and complications from negative pressure wound therapy are limiting the growth of the US negative pressure wound therapy market. Moreover, increased strategic initiatives adopted by industry competitors are likely to give attractive growth prospects for the US negative pressure wound therapy industry.
Negative Pressure Wound Therapy (NPWT) is a medical treatment that promotes wound healing by using subatmospheric pressure, also known as Vacuum-Assisted Wound Closure (VAC). NPWT works by pulling fluid and bacteria from the wound, creating a moist, healing environment. Negative pressure also aids in the removal of dead tissue and debris, which can promote healing even more. It is a good treatment for a wide variety of wounds. It can aid in wound reduction, healing, and infection prevention.
The expected growth in the market can be attributed to the increasing prevalence of chronic wounds, increasing preference for advanced wound care, and growing geriatric population. However, the market is also held back by availability of alternative wound healing modalities and complication from negative pressure wound therapy. Nevertheless, it is anticipated that the rising startegic initiatives taken by the market players will create lucrative opportunities for the players operating in the US negative pressure wound therapy market.
Market Segmentation
Based on product type, the US negative pressure wound therapy market has been segmented into conventional NPWT systems, single-use NPWT systems, and NPWT accessories. The conventional NPWT systems segment dominated the market in 2022, while the single-use NPWT systems segment is projected to be the faster-growing segment during the forecast period, 2023–2032.
Based on wound type, the US negative pressure wound therapy market has been segmented into diabetic foot ulcers, venous leg ulcers, pressure ulcers, surgical & traumatic wounds, burns, and others.
Based on end user, the US negative pressure wound therapy market has been segmented into hospitals and clinics, ambulatory surgical centers, and homecare settings.
Major Players
The key market players include Cardinal Health, Inc (US), 3M (US), B. Braun SE (Germany), Smith & Nephew (UK), and Convatec Inc (UK), Medela AG (UK), Cork Medical, LLC (US), Molnlycke Health Care AB (Sweden), DeRoyal Industries, Inc (US), and Paul Hartmann AG (Germany).