Negative Pressure Wound Therapy Companies

The negative pressure wound therapy market is expected to grow from USD 2.76 billion in 2025 to USD 3.84 billion by 2030 with a CAGR of 6.9 %. Negative pressure wound therapy products are essential in treating various wounds, as they promote natural healing and prevent infection. The products comprise conventional NPWT devices, single-use NPWT devices, and NPWT accessories & consumables, promoting effective healing. Negative pressure wound therapy products ensure accessibility and are widely used in hospitals, clinics, and home healthcare. These products aid in appropriately managing wounds and improving patient outcomes by complying with industry standards and regulatory compliance.

To know about the assumptions considered for the study download the pdf brochure

Notable companies in this market include Solventum (US), Smith+Nephew (UK), Cardinal Health (US), Mölnlycke AB (Sweden), Convatec Group PLC (UK), PAUL HARTMANN AG (Germany), Avery Dennison Corporation (US), BenQ Materials Corporation (Taiwan), Double Medical Technology Inc. (China), Advanced Oxygen Therapy Inc. (US), and Carilex Medical (Taiwan), among others. The leading companies in the market focus on higher sales, product launches, and product approvals.

Solventum split from 3M in April 2024 and established itself. It develops, manufactures, and sells a range of products to meet the needs of clients and patients.  For the further expansion of the segments: MedSurg, Purification & Filtration, Dental Solutions, and Health Information Systems, the company is focusing on strategic expansion and innovation.  By strengthening its competitive edge through the incorporation of digital skills and material science, the company improves clinical and financial outcomes for healthcare providers.

Smith+Nephew (UK) provides a broad portfolio of negative pressure wound therapy products, such as conventional NPWT devices, single-use NPWT devices, and NPWT accessories & consumables. The company also has a strong global market presence, primarily because of its excellent distribution channel. The global presence of the company and the critical nature of its products contribute significantly to the increasing access to healthcare in developed and emerging economies. The company has increased its focus on R&D activities to develop unique and better products. It spent USD 289.0 million, USD 339.0 million, and USD 345.0 million in 2024, 2023, and 2022, respectively, on R&D activities. This strong investment in innovative product development has enabled it to become a well-known player in the negative pressure wound therapy market.

Cardinal Health has a global distribution network and a range of advanced wound care portfolio, making it one of the leaders in the negative pressure wound therapy (NPWT) market. The company provides a broad range of NPWT treatments, including conventional and single use NPWT devices and the required dressings for chronic wound patients. Its wide reach guarantees that these items are widely available to healthcare professionals and patients everywhere. The company expanded its distribution center in Massachusetts, the US, in October 2024.

Market Ranking

The negative pressure wound therapy market is dominated by major players such as Solventum (US), Smith+Nephew (UK), Cardinal Health (US), Mölnlycke AB (Sweden), and Convatec Group PLC (UK). These companies collectively hold 75–85% of the total market share. Smith+Nephew (UK) stands out in the market through its advanced wound care solutions and strong R&D strength, enabling it to provide efficient burn care products. Mölnlycke Care AB (Sweden) gains its market position through strategic partnerships. Cardinal Health (US) uses its extensive distribution channel and product line to reach a wide base of healthcare facilities, increasing its market share. Convatec Group PLC (UK) has strengthened its position with its worldwide reach and strategic acquisitions. Market competition is fueled by innovative products for negative pressure wound therapy and growing regulatory compliance requirements.

Related Reports:

Negative Pressure Wound Therapy Market by Product (Conventional, Single-use NPWT, Consumables, Accessories), Wound Type (Burns, Surgical, Traumatic, Diabetic Foot, Pressure, Venous Leg Ulcers), End User (Hospitals, Homecare) - Global Forecast to 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
sales@marketsandmarkets.com