Negative Pressure Wound Therapy Expected To Grow Past $3 Billion By 2029
The expansion of the NPWT market will likely be caused by higher demand for single-use disposable devices.
- By Haley Samsel
- Mar 05, 2020
Growth in the U.S. negative pressure wound therapy (NPWT) market will be driven by the use of disposable NPWT devices, according to a new report from Future Market Insights.
The study found that the North American market, which is dominated by the U.S., will grow to $3.2 billion by 2029, largely due to the overall growth of single-use disposable devices. Researchers found that manufacturers are increasingly focused on introducing portable NPWT products that target consumers in different settings, including hospitals and homecare settings.
Researchers wrote that while NPWT accessories such as canisters account for 50 percent of the market today, their adoption is “expected to falter” in the future due to their “cumbersome design.”
“In an effort to provide healthcare in non-hospital settings, manufacturers are turning to portable and disposable NPWT devices,” the report reads. “Although these devices are gaining momentum, canisters would continue to be the flagship product in the negative pressure wound therapy market.”
Negative wound pressure therapy typically involves the use of vacuum suction and dressing to drain out fluids caused by inflammation and drive blood flow to the wound area to improve healing. Typically used to treat wounds after surgery or chronic wounds like pressure and vascular ulcers, NPWT products have become more popular among providers in recent years.
“There has been growing interest in using portable and disposable NPWT devices on closed incisions after a surgical procedure in order to inhibit potential surgical site infections (SSIs) and other wound complications in high-risk patients,” the report reads.
During the forecast period, from 2019-2029, hospitals and home care settings are expected to dominate the market, the researchers wrote. And, while a majority of NPWT devices are in the U.S. and Europe, the demand is expected to grow in eastern Europe and Latin America.
In the meantime, Future Market Insights researchers found that companies are focusing on collaborating with research centers to develop products in tandem with regulations around the world in order to properly treat chronic disorders.
Haley Samsel is the Associate Content Editor of HME Business and Mobility Management.