DUBLIN--(BUSINESS WIRE)--The "Negative Pressure Wound Therapy (NPWT) Market - A Global and Regional Analysis: Focus on Region, Country-Level Analysis, and Competitive Landscape - Analysis and Forecast, 2023-2030" report has been added to ResearchAndMarkets.com's offering
The global negative pressure wound therapy (NPWT) market, valued at $2,043.5 million in 2022, is on a trajectory of robust growth and is anticipated to reach $2,845.1 million by 2030. This market is expected to expand at a compound annual growth rate (CAGR) of 4.31% between 2023 and 2030. Such growth is fueled by an increasing demand for advanced wound care solutions that offer effective protection, promote healing, and enhance patient comfort.
The base year considered for the calculation of the market size is 2022. A historical year analysis has been done for the period FY2019-FY2021. The market size has been estimated for FY2022 and projected for the period FY2023-FY2030.
The competitive landscape of the global negative pressure wound therapy (NPWT) market is shaped by several key players, each bringing a rich history of innovation and a broad portfolio of products tailored to meet the diverse needs of wound care. Among these, Smith & Nephew, 3M, Convatec Inc., and Talley Group stand out due to their significant contributions, extensive product offerings, and global reach.
The competitive dynamics among these companies are characterized by a continuous drive for product innovation, strategic global expansion, and the development of products that address the evolving challenges of wound care. Each company brings its unique strengths to the market, from Smith & Nephew's long-standing history and innovation, 3M's broad product range and technological leadership, to Talley Group's rapid growth and focus on healthcare solutions. Together, they contribute to a highly competitive and dynamic global negative pressure wound therapy (NPWT) market aimed at improving patient outcomes and advancing the field of wound care.
Market Introduction
The NPWT market has been growing steadily over the past decade, driven by factors such as the increasing prevalence of chronic wounds, the rising number of hospital-acquired pressure wounds in geriatric patients, and the growing demand for advanced wound care solutions. Additionally, increasing spending on chronic and surgical wounds, coupled with the growing usage of simplified single-use NPWT devices and the development of portable, home care-based NPWT systems, is further propelling the growth of the NPWT market.
North America leads in terms of market size, growing from $1,413.3 million in 2022 to a projected $1,814.7 million by 2030 at a CAGR of 3.26%, reflecting the region's advanced healthcare infrastructure and high adoption rates of innovative wound care solutions. Rest-of-the-World, however, showcases the highest growth rate at an 8.32% CAGR, attributed to rapid healthcare advancements and increasing awareness of advanced wound management.
Europe presents a steady growth at a 4.91% CAGR, underpinned by its well-established healthcare systems and focus on quality wound care. Latin America and the Asia-Pacific regions are not far behind, with CAGRs of 7.67% and 7.91%, respectively, driven by improvements in healthcare infrastructure and expanding access to modern medical technologies. This regional analysis underscores the global demand for negative pressure wound therapy (NPWT), fueled by a growing need for effective wound care across diverse healthcare landscapes.
Some of the prominent established names in this market are:
- 3M
- Medela AG
- Smith & Nephew
- Convatec Inc.
- Talley Group Ltd
- Molnlycke Health Care AB
- DeRoyal Industries, Inc.
- TRIAGE MEDITECH PVT. LTD.
- Weigao Group
- L&R Group
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 44 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $2.12 Billion |
| Forecasted Market Value (USD) by 2030 | $2.85 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
Key Topics Covered:
Executive Summary
1 Market
1.1 Product Definition
1.2 Inclusion and Exclusion Criteria
1.2.1 Inclusion
1.2.2 Exclusion Criteria
1.3 Key Questions Answered
1.4 Analysis and Forecast Note
1.5 Key Findings
2 Regions
2.1 Regional Summary
2.2 North America
2.2.1 U.S.
2.2.2 Canada
2.3 Europe
2.3.1 Germany
2.3.2 Austria
2.3.3 Czech Republic
2.3.4 Greece
2.3.5 Poland
2.3.6 Romania
2.3.7 Russian Federation
2.3.8 Slovakia
2.3.9 Turkey
2.3.10 Ukraine
2.3.11 Belgium
2.3.12 Denmark
2.3.13 Finland
2.3.14 France
2.3.15 Ireland
2.3.16 Italy
2.3.17 Netherlands
2.3.18 Norway
2.3.19 Portugal
2.3.20 Spain
2.3.21 Sweden
2.3.22 Switzerland
2.3.23 U.K.
2.4 Asia-Pacific
2.4.1 Australia
2.4.2 China
2.4.3 India
2.4.4 Japan
2.4.5 Malaysia
2.4.6 South Korea
2.4.7 Thailand
2.5 Latin America
2.5.1 Argentina
2.5.2 Brazil
2.5.3 Chile
2.5.4 Colombia
2.5.5 Mexico
2.6 Rest-of-the-World
3 Markets - Competitive Benchmarking
3.1 Key Strategies and Developments
3.2 Key Companies Ecosystem
4 Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/z60s6u
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