A number of factors, such as rising cases of burns, increasing incidence of diabetes, surging geriatric population, and high rate of caesarean section (C-section) surgeries leading to rising post-operative usage of negative pressure wound therapy (NPWT) devices, are projected to boost the growth of the NPWT devices market at a CAGR of 7.7% during 2020–2030. According to P&S Intelligence, the market stood at $2,248.1 million in 2020, and it is expected to reach $4,698.4 million by 2030. Moreover, the market is witnessing a trend of shift in preference of people toward advanced wound therapies.

The primary factor aiding the market growth is the increasing incidence of diabetes. The number of diabetic patients is rising significantly across the world. The chronic complication of diabetes mellites is diabetic foot ulcer that needs regular dressing during its treatment. Also, wounds tend to heal more slowly and develop quickly in diabetic patients. As per the statistics published by the Centers for Disease Control and Prevention (CDC), over 34.2 million individuals had diabetes in the U.S. Also, new cases of diabetes have augmented in youth population in the nation.

The product segment of the negative-pressure wound therapy devices industry is classified into single-use, conventional, and accessories. Among these, the conventional category accounted for the largest revenue share in 2020 in the market, and it is projected to witness the same trend in the coming years as well. This is ascribed to the high penetration of these devices, especially in emerging economies with a large population base, such as China and India.

Furthermore, on the basis of wound type, the NPWT devices industry is categorized into acute and chronic. Between the two, the chronic category held the largest market share in 2020, and it is projected to record faster growth during the foreseeable period. This can be ascribed to the increasing incidence of chronic diseases, such as diabetes mellitus, peripheral arterial occlusive disease, and chronic venous insufficiency. Additionally, as geriatric population is more prone to such diseases, they need wound care products in large number for their treatment.

Globally, North America was the largest NPWT devices market in 2020, and it expected to witness the same trend during the forecast period as well. This is due to the presence of key market players, widespread research and development (R&D) activities, and high healthcare expenditure, in the region. On the other hand, the Asia-Pacific (APAC) market is projected to record the fastest growth during the forecast period. This can be ascribed to the surging cases of burns, chronic diseases, and traumatic wounds, and the increasing population of elderly people.