Vacuum Therapy Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Vacuum Therapy Devices market is segmented by Product Type (Negative Pressure Wound Therapy and Vacuum Constriction Devices), Application, and Geography.

Market Snapshot

Market Snapshot
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 3.5 %

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Market Overview

The vacuum therapy devices market is expected to register a CAGR of 3.5% during the forecast period. The rising cases of road accidents and the increase in cases of chronic diseases are expected to be the key contributors to the market growth. According to the World Health Organization, every year, around 20 million to 50 million people involved in road accidents suffer from non-fatal injuries. Almost 93% of the world’s fatalities of road injuries are associated with low- and middle-income countries. Also, the rise in stressful sedentary lifestyle accompanied by bad eating habits led to erectile dysfunction, which affects approximately 5% men around the age of 40, according to the report published by the British Society for Sexual Medicine. Furthermore, its guideline recommends vacuum therapy devices as a first line treatment option for erectile dysfunction after radical prostatectomy. Hence, the demand for vacuum therapy devices is bound to increase.

Scope of the Report

Vacuum therapy is a technique used widely for healing wounds, as well as for erectile dysfunction disorders. The vacuum therapy devices market is segmented by product type, application, and geography.

By Product Type
Negative Pressure Wound Therapy
Vacuum Constriction Devices
By Application
Chronic wounds
Acute Wounds
Erectile Dysfunction
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Negative Pressure Wound Therapy Segment is Expected to Hold a Major Market Share in the Vacuum Therapy Devices Market

Negative pressure wound therapy uses vacuum devices to decrease air pressure around the wound and pulls out the fluid from the wound. Higher incidence of diabetic foot ulcers is expected to increase the demand for vacuum therapy devices. Foot ulcers are one of the most common complications among diabetic patients. According to the data of 2017 published by the American College of Physicians, the lifetime incidence of foot ulcers in diabetes is around 19% to 34%. Furthermore, according to the study of the Journal of Tissue Viability, 2019, the negative pressure wound therapy was found to be very effective and the clinical outcomes were found to be more successful than the standard treatment.

In addition, chronic injuries due to road crashes are expected to be the the major factors driving the growth of this segment. For instance, according to the data from the European Commission (2017), approximately 34% of road fatalities were observed to be in the age group of 25-49. Hence, the aforementioned factors are expected to fuel the vacuum therapy devices market's growth.

Vacuum Therapy Devices Market TrendS.png

North America is Expected to Hold a Significant Share During the Forecast Period

North America is expected to be a dominant region in the vacuum therapy devices market, owing to the increasing number of road accidents and higher prevalence of chronic diseases, such as venous diseases. According to the Wounds Canada, in 2019, around 35% of people were suffering from venous diseases in Canada and around 1% of these patients are likely to suffer from venous ulcers. Furthermore, according to the Center for Disease Control and Prevention, road accidents are one of the leading causes of death in the United States. Also, more than 2.35 million of people are suffering from chronic injuries due to road crashes in the United States, according to the Association for Safe International Road Travel. Hence, such factors ae driving the need for treatment, and thereby, expected to increase the vacuum therapy devices market's growth in North America.

Vacuum Therapy Devices Market - Growth rate by Region

Competitive Landscape

The key players in the Vacuum Therapy Devices market are Molnlycke Health Care AB, 3M (Acelity LP Inc.), Coloplast Corp., Smith & Nephew PLC, Boston Scientific Corporation, Cardinal Health, Augustus Medical Systems, and Vacurect.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden of Chronic Diseases

      2. 4.2.2 Increasing Road Accidents

    3. 4.3 Market Restraints

      1. 4.3.1 High-cost of Devices

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Negative Pressure Wound Therapy

      2. 5.1.2 Vacuum Constriction Devices

    2. 5.2 By Application

      1. 5.2.1 Chronic wounds

      2. 5.2.2 Acute Wounds

      3. 5.2.3 Erectile Dysfunction

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Molnlycke Health Care AB,

      1. 6.1.1 3M (Acelity LP Inc.)

      2. 6.1.2 Augustus Medical Systems

      3. 6.1.3 Boston Scientific Corporation

      4. 6.1.4 Cardinal Health

      5. 6.1.5 Coloplast Corp

      6. 6.1.6 Smith & Nephew PLC

      7. 6.1.7 Vacurect

      8. 6.1.8 ConvaTec Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Vacuum Therapy Devices Market market is studied from 2018 - 2026.

The Vacuum Therapy Devices Market is growing at a CAGR of 3.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Molonlycke Healthcare AB, 3M (Acelity L.P. Inc.), Coloplast Corp, Boston Scientific Corporation, Smith & Nephew Plc are the major companies operating in Vacuum Therapy Devices Market .

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