Global Wound Therapy Devices Patent Landscape Report 2024

Global Wound Therapy Devices Market Size

The global wound therapy devices market was valued at USD 1.61 billion in 2023. It is expected to grow at a CAGR of 4.2% during the forecast period of 2024-2032 and attain a market value of USD 2.33 billion by 2032.

The market value is driven by the increasing incidence of chronic wounds and accident cases across the globe. The growing technological advancements in modern wound therapy devices are leading to a significant increase in number of patent applications.

Patent Landscape Report Coverage

The Global Wound Therapy Devices Patent Landscape Report provides a comprehensive and in-depth analysis of the patents in this growing industry. The key sections captured in the report for wound therapy devices includes a thorough examination of the patent portfolios of key players, covering aspects such as the number of patents and types of technologies patented. It includes the latest trends, geographical distribution of patents, top IP player profiles, technological segmentation, and patent valuation associated with wound therapy devices. The breakdown of patents by technical segments is provided, giving more clarity on the specific areas of innovation within the wound therapy device technologies.

Key Inclusions

• Patent Valuation Analysis

An evaluation and competitive benchmarking of key members of unique patent families are covered in the analysis for wound therapy devices technologies. The important parameters have been taken into consideration including IP document, year of application, number of citations, time to expiry, and jurisdiction associated with wound therapy devices.

• Analysis of Patent Applications

A comprehensive summary of several patent applications which were filed across different jurisdictions for wound therapy devices and their relative value are covered. The analysis will cover the capital in terms of innovation and innovation type.

• Analysis of Granted Patents

Detailed analysis of the granted patents across different jurisdictions for wound therapy devices and their relative value in the IP are covered in the final report.

Wound Therapy Devices Patent Outlook

• The increasing need for efficient wound therapy devices to promote appropriate healing and avoid complications is driven by the rise in surgical procedures, which frequently necessitate postoperative wound care.

• The need for advanced wound therapy devices is being driven by the rising incidence of chronic wounds, including diabetic foot ulcers, pressure ulcers, and venous leg ulcers, which are brought on by aging populations and higher rates of diabetes and obesity.

• The market is growing because advanced wound care therapies are becoming more accessible and affordable due to supportive reimbursement policies and coverage in many regions.

What are Wound Therapy Devices?

Wound therapy devices  are made to create the ideal conditions for tissue repair, thereby accelerating the healing of both acute and chronic wounds. These gadgets include cutting-edge wound dressings, hyperbaric oxygen therapy (HBOT), and negative pressure wound therapy (NPWT). They are applied to different kinds of wounds to promote healing and lower the possibility of problems.

The components of wound therapy devices include NPWT devices, HBOT devices and others. Negative pressure wound therapy (NPWT) devices use controlled suction to create a vacuum environment around a wound. This reduces swelling, gets rid of exudates, and stimulates the growth of new tissue. These tools are frequently used to improve healing and stop infections in both acute and chronic wounds.

Wound Therapy Devices Industry Growth Drivers

Increasing Incidence of Chronic Wounds is Expected to Boost the Patent Industry Growth

A major factor driving the global market for wound therapy devices is the increasing incidence of chronic wounds, including diabetic foot ulcers, pressure ulcers, and venous leg ulcers and the new product launches, propelling the market growth. The number of chronic wound cases worldwide is rising due to factors such as an aging population, rising diabetes incidence, and obesity rates.

There is an increase in patent activity which focuses on enhancing the performance of wound therapy devices. There were 3,280 patents granted in 2022 and by 2023 around 3,370 patents were granted. Patents covering new technologies are crucial for companies and thus impact the wound therapy devices patent landscape significantly.

Technological Advancements are Expected to Propel Wound Therapy Devices Patent Industry

By increasing healing rates, cutting down on treatment times, and improving patient outcomes, innovations like bioengineered skin substitutes, advanced wound dressings, and negative pressure wound therapy (NPWT) have completely changed the field of wound management. For instance, Smith & Nephew introduced the PICO 7Y single-use negative pressure wound therapy system. This cutting-edge tool uses negative pressure to accelerate healing to improve the management of chronic wounds. With its innovative airlock technology, the PICO 7Y system offers constant pressure, enhancing wound healing results and lowering infection risk. This technological development demonstrates the company's dedication to providing cutting-edge wound care solutions to address the rising incidence of chronic wounds and offer efficient management of complex wounds.

Wound Therapy Devices Patent Segmentation

The report will cover the following sections in detail:

Analysis by Product

• Negative Pressure Wound Therapy (NPWT) Devices

• Oxygen and Hyperbaric Oxygen Equipment

• Electric Stimulation Devices

• Pressure Relief Devices

• Others

Analysis by Wound Type

• Acute Wound

• Chronic Wound

Wound Therapy Devices Patent Segmentation Analysis

The breakup based on product includes negative pressure wound therapy (NPWT) devices, oxygen and hyperbaric oxygen equipment, electric stimulation devices, pressure relief devices and others. Hyperbaric oxygen therapy (HBOT) devices are used to give patients 100% oxygen at pressures higher than atmospheric, which improves the body's ability to absorb oxygen. These devices promote faster healing and improved tissue function, which is used to treat conditions like decompression sickness, chronic wounds, and certain infections.

Wound Therapy Devices Patent Jurisdiction Analysis

The United States is one of the leading jurisdictions for wound therapy device patents, having around 122,000+ patents. The presence of big companies, well-established healthcare infrastructure, and advanced research and development activities contributes to the regional patent landscape significantly.

Patent Profile of Key Companies

Among the players with wound therapy devices patent families, new entrants have been identified, which can be either established companies or startups developing their first technology in the wound therapy devices field. Some of the major companies mentioned in this report (a non-exhaustive list) are as follows:

Kci Licensing Inc 

Established in 1976, KCI Licensing Inc. has its headquarters located in San Antonio, Texas, USA. The business specializes in therapeutic support systems and advanced wound care. One of the common major products include V.A.C.® Therapy System, which is a negative pressure wound therapy (NPWT) device that helps with both acute and chronic wound healing.

Smith & Nephew Inc

Headquartered in London, United Kingdom, Smith & Nephew Inc. was established in 1856. The business leads the world in sports medicine, orthopedic reconstruction, and advanced wound care. The PICO Single Use Negative Pressure Wound Therapy System and a range of cutting-edge wound dressings are among their wound therapy instruments, which are designed to enhance the healing process of both acute and chronic wounds.

Other companies include Medical Llc, Moelnlycke Health Care Ab, Hartmann Paul Ag, Medtronic plc, Genentech Inc, Massachusetts Inst Technology, Human Genome Sciences Inc, Dexcom Inc, Bristol Myers Squibb Co, Novartis AG, Smithkline Beecham Corp, Amgen Inc, Allergan Inc, Zymogenetics Inc, Cardiac Pacemakers Inc, Covidien Lp, Ethicon Endo Surgery Inc, among others.

Reasons to Purchase this Report

The Wound Therapy Devices Patent Report provides information on the intellectual property (IP) position and strategy of key players. This report can help companies and players looking to enter or invest in this field by - 

• Competitive Advantage: The landscape reveals the market leaders, potential partners and innovators and makes it understandable which companies have important patents in this field of wound therapy devices.

• Innovation Insights: The patent analysis reveals new innovations and technologies in wound therapy devices.

• Market Positioning: Companies with strong patent portfolios gain a competitive advantage because their intellectual property assets differentiate their products. Understanding their intellectual property strategy reveals the market position of new entrants and potential barriers to entry within the wound therapy devices patent landscape.

• Risk Assessment: In technology-intensive fields such as wound therapy devices, risks of IP infringement are common. Analyzing patent landscapes helps companies assess risk, develop mitigation strategies, and inform licensing, partnering, and acquisition decisions.

Key Questions Answered in the Wound Therapy Devices Patent Landscape Report

• Who are the key players in the wound therapy devices patent landscape?
• How is the patent portfolio distributed geographically?
• What are the emerging trends in wound therapy device patents?
• How has the patent landscape evolved over time?
• What are the strategic insights for market players and investors?
• What is the technological focus of patents in the wound therapy devices industry?
• How do patent strategies impact competitive advantage?
• What are the implications of patent filings in wound therapy devices?
• What are the challenges and opportunities in the wound therapy devices patent landscape?
• What are the regulatory and legal considerations?
• What technological innovations have recently emerged in wound therapy devices?

Related Reports

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Negative Pressure Wound Therapy (NPWT) Market

Biomaterial Wound Dressing Market