Global Vacuum Therapy Devices Market Size To Worth USD 2.74 Billion By 2033 | CAGR of 3.84%
Category: HealthcareGlobal Vacuum Therapy Devices Market Size To Worth USD 2.74 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Vacuum Therapy Devices Market Size is Expected to Grow from USD 1.88 Billion in 2023 to USD 2.74 Billion by 2033, at a CAGR of 3.84% during the forecast period 2023-2033.
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Browse key industry insights spread across 247 pages with 120 Market data tables and figures & charts from the report on the "Global Vacuum Therapy Devices Market Size, Share, and COVID-19 Impact Analysis, By Product (Negative Pressure Wound Therapy and Vacuum Constriction Devices), By Type (Non-Portable Vacuum Therapy Devices and Portable Vacuum Therapy Devices), By Application (Chronic Wounds, Acute Wounds, and Erectile Dysfunction), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/vacuum-therapy-devices-market
Suction devices are used in vacuum therapy, a non-invasive method of treating severe cellulite, to remove fat from the body and allow it to pass through to the lymphatic system. This treatment relaxes muscles, gives the skin suppleness, and exfoliates the skin. More often used to treat erectile dysfunction, vacuum therapy devices, or VTDs, consist of a plastic tube attached to a battery-operated or manually operated pump that draws air out of the tube to create a vacuum, and a band, also known as a construction ring, that fits around the base of the penis. Advances in vacuum therapy devices is contributed to by increasing patient awareness of non-pharmacological weight loss (NPWT). Vacuum therapy is driving in popularity in the wound care industry as a result of the positive outcomes that may be achieved with these devices. The growing elderly population and increased public health awareness are important factors driving growth in the vacuum therapy devices market. However, one of the main factors restricting the market's growth is that consumers are more inclined to rely on conventional methods to handle their health-related problems.
The negative pressure wound therapy segment is predicted to hold the greatest market share through the forecast period.
Based on the product, the vacuum therapy devices market is classified into negative pressure wound therapy and vacuum constriction devices. Among these, the negative pressure wound therapy segment is predicted to hold the greatest market share through the forecast period. Negative pressure wound therapy lessens edema, gets rid of exudate, and promotes the growth of granulation tissue.
The non-portable vacuum therapy devices segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the type, the vacuum therapy devices market is divided into non-portable vacuum therapy devices and portable vacuum therapy devices. Among these, the non-portable vacuum therapy devices segment is anticipated to hold the greatest market share during the projected timeframe. The importance of these devices in treating complicated and severe medical problems, their extensive usage in hospital settings, and the higher cost of these sophisticated systems are the reasons behind the non-portable vacuum therapy devices.
The chronic wounds segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the vacuum therapy devices market is divided into chronic wounds, acute wounds, and erectile dysfunction. Among these, the chronic wounds segment is anticipated to hold the greatest market share during the projected timeframe. Pressure ulcers, venous leg ulcers, and diabetic foot ulcers are only a few examples of chronic wounds that pose a major health risk.
North America is estimated to hold the largest share of the vacuum therapy devices market over the forecast period.
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North America is estimated to hold the largest share of the vacuum therapy devices market over the forecast period. The aging population, the high frequency of chronic illnesses and conditions, the availability of sophisticated medical facilities and staff, and the advantageous medical reimbursement and policies for a range of treatments in the US and Canada are all contributing to the growth of the North America market.
Asia Pacific is predicted to have the highest CAGR growth in the vacuum therapy devices market over the forecast period. The need for treatment and care of both acute and chronic wounds, as well as the region's rapidly growing population and rising incidence of chronic diseases including diabetes, heart disease, and cardiovascular ailments, are some of the factors driving the growth in the Asia Pacific region.
Major key players in the vacuum therapy devices market include Smith & Nephew, Cork Medical, ConvaTec Inc., 3M, Augustus Medical Systems, Vacurect, Boston Scientific Corporation, Coloplast Corp, Cardinal Health, Molonlycke Healthcare AB, and Others.
Recent Developments
- In April 2024, The US market launched the RENASYS EDGE Negative Pressure Wound Therapy (NPWT) System by the medical technology business Smith Nephew. The NPWT System is intended to enhance patients' home-based treatment for persistent wounds, including ulcers.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the vacuum therapy devices market based on the below-mentioned segments:
Global Vacuum Therapy Devices Market, By Product
- Negative Pressure Wound Therapy
- Vacuum Constriction Devices
Global Vacuum Therapy Devices Market, By Type
- Non-Portable Vacuum Therapy Devices
- Portable Vacuum Therapy Devices
Global Vacuum Therapy Devices Market, By Application
- Chronic wounds
- Acute Wounds
- Erectile Dysfunction
Global Vacuum Therapy Devices Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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