NPWT Devices and Accessories Market Size by Segments, Share, Regulatory, Reimbursement, Procedures, Installed Base and Forecast to 2033

NPWT Devices and Accessories Market Report Overview

The NPWT Devices and Accessories market size is valued at $2.80 billion in 2023. The market is expected to grow at a CAGR of more than 3% during 2023-2033. Negative Pressure Wound Therapy (NPWT) is used to treat acute and chronic wounds. A vacuum source of NPWT Device creates continuous or intermittent negative pressure inside the wound to remove fluid, exudates, and infectious materials which helps in healing and closure.

An NPWT system consists of a vacuum pump, drainage tubing, foam or gauze wound dressing, collectors or canisters, and an adhesive film dressing that covers and seals the wound. Stand-alone NPWT Devices, Portable NPWT Devices, NPWT Canisters, and NPWT dressings are tracked under the NPWT Devices and Accessories market.

NPWT Devices and Accessories Market Outlook, 2023-2033 ($ Billion)

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The NPWT Devices and Accessories market research report provides an insightful review of the key industry trends and market revenue by segment and market outlooks from 2015-2033. The report also offers granular data on total procedures, units, average selling prices, and market values by segment.

NPWT Devices and Accessories Market Dynamics

The primary driver of the NPWT Devices and Accessories market is the prevalence of chronic lower extremity ulcers in the global population. The rise in such cases is expected to increase significantly in the coming decade. Thus, there will be a corresponding increase in the need for cost-effective therapies that can be used to manage these wounds. In addition, the development of lower-profile and disposable devices has resulted in the reduction of the cost of NPWT. This will lead to a rise in the adoption of NPWT devices in emerging markets.

NPWT Devices and Accessories Market Segments

The key segments in the NPWT Devices and Accessories market are NPWT Accessories and NPWT Devices. NPWT Devices led the market in 2023. NPWT Devices can be further segmented into Disposable NPWT Devices, Portable NPWT Devices, and Stand Alone NPWT Devices. While NPWT Canisters and NPWT Dressings are major sub-segments of NPWT Accessories.

NPWT Devices and Accessories Market Analysis by Segments, 2023 (%)

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NPWT Devices and Accessories Market Segmentation by Regions

The key regions in the NPWT Devices and Accessories market are North America, Europe, Asia Pacific, South Central America, and the Middle East and Africa. North America has the largest share of the NPWT Devices and Accessories market and is expected to continue to dominate the market throughout the forecast period.

NPWT is a standard treatment option in many US institutions, and thus, the country has seen the most widespread adoption of NPWT products compared with the rest of the world. Such factors are expected to support the market growth in the coming years.

NPWT Devices and Accessories Market Analysis by Regions, 2023 (%)

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NPWT Devices and Accessories Market - Competitive Landscape

Some of the leading companies in the NPWT Devices and Accessories market are:

• 3M Co
• Smith & Nephew Plc
• Molnlycke Health Care AB
• Paul Hartmann AG

3M Co held the largest share of the NPWT Devices and Accessories market in 2023. It is followed by Smith & Nephew Plc.

NPWT Devices and Accessories Market Analysis by Companies, 2023 (%)

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Segments Covered in the Report

NPWT Devices and Accessories Segments Outlook (Value, $ Billion, 2015-2033)

• NPWT Accessories
  • NPWT Canisters
  • NPWT Dressings
• NPWT Devices
  • Disposable NPWT Devices
  • Portable NPWT Devices
  • Stand Alone NPWT Devices

NPWT Devices and Accessories Regional Outlook (Value, $ Billion, 2015-2033)

• North America
• Europe
• Asia Pacific
• South Central America
• Middle East and Africa

Key Inclusions

Currently marketed NPWT Devices and Accessories and evolving competitive landscape –

– Insightful review of the key industry trends.

– Annualized total NPWT Devices and Accessories market revenue by segment and market outlooks from 2015-2033.

– Granular data on total procedures, units, average selling prices, and market values by segment.

Global, Regional, and Country level market specific insights –

– Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.

– SWOT analysis for the NPWT Devices and Accessories market.

– Competitive dynamics insights and trends provided for the NPWT Devices and Accessories market.

Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.

– Country-specific overview of the healthcare system.

– Country-specific reimbursement policies.

– Country-specific medtech regulatory landscape.

Companies covered – 3M Co, Smith & Nephew Plc, Molnlycke Health Care AB, Paul Hartmann AG, and Others.

Countries covered – United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.

Scope

This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for –

• CMO executives who must have deep understanding of the NPWT Devices and Accessories marketplace to make strategic planning and investment decisions.
• Sourcing and procurement executives who must understand crucial components of the supply base in order to make decisions about supplier selection and management.
• Private equity investors that need a deeper understanding of the market to identify and value potential investment targets.

Reasons to Buy

The model will enable you to –

• Understand the impact of COVID-19 on the NPWT Devices and Accessories market.
• Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
• Develop business strategies by understanding the trends shaping and driving the NPWT Devices and Accessories market.
• Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the NPWT Devices and Accessories market in the future.
• Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
• Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
• Track device sales in the global and country-specific NPWT Devices and Accessories market from 2015-2033.
• Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.