Market Trends of Medical Vacuum System Industry
This section covers the major market trends shaping the Medical Vacuum System Market according to our research experts:
Wound Care Segment Dominates the Market and is Expected to Continue the Same during the Forecast Period
Wound care is expected to dominate of the global medical vacuum systems market through the forecast period. Rising incidence of localized injury to the skin and underlying tissue results in conditions, such as pressure ulcers, bed sores, and diabetic foot which is acting as a high impact rendering factor for this segment's growth. As per the study published - 'The humanistic and economic burden of chronic wounds', chronic wounds affect over 5.7 million patients in the U.S. alone and are estimated to cost USD 20 billion annually, thus impacting the segment growth positively.
Vacuum device decreases air pressure on the wound. This can help the wound heal more quickly by draining excess fluid from the wound and increasing blood flow to your wound. Advancements in vacuum systems deliver better relief to patients and hence, act as high impact rendering drivers for the segment.
The North America Dominates the Market and is Expected to Continue the Same during the Forecast Period
North america dominates the market due to the sophisticated healthcare system, favorable reimbursement system, and increased patient awareness levels about infectious disease is poised for growth in this region. In addition, high healthcare spending in this region has contributed to the further development of the healthcare sector. Furthermore, the increased utility of the products related to injury care is nurturing the growth of this vertical.
Asia Pacific is anticipated to witness grow with a lucrative rate over the forecast period. The target population comprising individuals with periodontal disorders, diabetic foot, pressure ulcers, and infections is on the rise in these developing regions. This provides avenues for players in this vertical to carry out campaigns and awareness programs with regards to disease treatment thereby increasing product penetration in the regional verticals.
