U.S. Negative Pressure Wound Therapy Market - Focused Insights 2023-2028

The U.S. negative pressure wound therapy market was valued at $0.88 billion in 2022 and will reach $1.22 billion by 2028, growing at a CAGR of 5.6% during 2022-2028. 

The US market is primed for exponential growth, with better reimbursement options fueling the adoption of negative pressure wound therapy products. This presents an exceptional opportunity to capitalize on the rising demand for cutting-edge solutions, positioning your business at the forefront of this dynamic market. Stay ahead of the competition with constant product launches from key vendors vying to gain a significant market share. As the target population consistently increases, driven by evolving healthcare needs, the NPWT market is on a trajectory of unprecedented expansion. 

NPWT is a wound care treatment that can be used for wounds on all parts of the body. It involves the application of negative pressure to the wound, which aids in reducing edema by removing excess fluid. Additionally, this therapy facilitates wound compression, thereby promoting the growth of new healthy tissue and the formation of blood vessels. 

KEY HIGHLIGHTS:

• The number of chronic wounds in the US is rising steadily. Diabetes, increased age, and obesity are the key factors contributing to the rising number of chronic wound cases in the US. For instance, in 2018, approximately 52 million people aged 65 and above are projected to become about 95 million by 2060 in the US. This is increasing the demand for NPWT in the market. 
• The conventional NPWT market has a higher contribution as it has a higher adoption rate among healthcare professionals. Hospitals and wound care clinics are major end-users of NPWT products and constitute for major market share. 
• Reimbursement for the NPWT is one of the major reasons for the bigger market in the US compared to other developed markets like Germany, France, and the UK. 
• As of 2022, 2,200 wound care specialty clinics, among them 2000, were associated with hospitals in the US. Hospitals have a dedicated working staff to handle wound care, this is one of the major positive steps in the US wound care market. Increasing wound care specialty hospitals are increasing the usage of NPWT products. 
• There is a constant increase in the number of surgeries performed in the US. Increasing reimbursement and better access to healthcare settings increases the number of elective surgeries. This will increase the demand for NPWT products in the market.