Vacuum Therapy Devices Market

Rising accidental cases is one of the primary reason for the growth in vacuum therapy devices market. Growing awareness about the NPWT among the patients surge the adoption rate for this advance vacuum therapy devices. As growing popularity of vacuum therapy in wound care sector is mainly increasing due to effective results obtained from using this vacuum therapy devices. Due to additional benefit of reduction in healing time this vacuum therapy devices are adopted by major hospitals and ambulatory clinics. Increase in technological advancements for improved treatment protocols in vacuum therapy devices is expected to impel the players to launch user-friendly and technologically enhanced NPWT systems.  These factors are projected to fuel the growth of vacuum therapy devices market over the forecast period. Many patients suffering from chronic wounds are still not aware about the treatments and medications. In addition, they are more inclined towards natural remedies, which might hamper the growth of the vacuum therapy market to some extent. Due to sedentary life style erectile dysfunction cases are growing rapidly and men with 40 to 70 years are likely to suffer from this condition. However due to availability of alternative therapeutic medication such as Viagra and high cost of this vacuum therapy devices used for erectile dysfunction likely to restrain the growth of vacuum therapy devices market. 

Vacuum Therapy Devices Market: Segmentation

Vacuum Therapy Devices Market: Overview

Based on portability type, portable vacuum therapy devices registers the highest revenue share in the Vacuum Therapy devices market. Owing to their easy, lightweight and effective mobile design and growing demand from hospitals and ambulatory use. For e.g. the ACTIV.A.C vacuum therapy system by KCI Acelity company Inc. is the advanced wound healing device. Technological advancement has improved the vacuum therapy devices due to this leading manufactures in vacuum therapy market are launching new innovative products increasing the competition in vacuum therapy devices market. As per application type the chronic wound segment is expected to account for large market share in vacuum therapy devices market.

Over the past few years it is observed that the rising number of causality cases of trauma and road accidents are boosting the growth of global vacuum therapy devices market. Moreover, rising incidence of diabetes mellitus and foot injury cases are also expected to propel the growth of the vacuum therapy devices market across globe and accounts for high revenue growth in vacuum therapy devices market.

Vacuum Therapy Devices Market: Region-wise Outlook

On the basis of geography, global Vacuum Therapy devices market is segmented into seven key regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa. North America is most lucrative market due to growing adoption of vacuum therapy devices for erectile dysfunction and wound management. However, Asia-Pacific is likely to expand at a moderate rate registering the fastest growth in revenue generation for Vacuum Therapy devices market on the account of presence of giant local manufacturers in countries such as Japan, China and India. Whereas, Latin America owing to presence of large hospitals and upgraded research infrastructure is expected to experience high demand for vacuum therapy devices in the region.

Vacuum Therapy Devices Market: Key Players

Some of the key players present in global Vacuum Therapy Devices market Acelity L.P. Inc., Molnlycke Health Care AB, Smith & Nephew plc., Coloplast Corp, Augustus Medical Systems, Boston Scientific Corporation and others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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