Vacuum Therapy Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Portability (Portable Vacuum therapy devices, Non-portable Vacuum therapy devices); Technology (Manual, Electrically Powered); Application (Chronic wounds, Diabetic foot ulcers, Erectile dysfunction, Traumatic wounds, Surgical Procedures, Others); End-user (Hospitals and Clinics, Ambulatory Surgery center, Others) and Geography
Report Code: TIPRE00023209 | No. of Pages: 150 | Category: Medical Device | Status: Upcoming
MARKET OVERVIEW
Vacuum therapy devices are medical suction devices primarily used for different vacuum therapy and impotence disorders, such as negative pressure wound therapy (NPWT). Vacuum therapy devices help to heal wounds by negative pressure wound therapy for acute and chronic wounds like diabetic ulcers, arterial ulcers, and burns by using sub-atmospheric pressure. NPWT devices comprise of vacuum pump, advanced wound dressing, and drainage tubing and provide wound healing by applying pressure through a wound dressing. It is designed to regulate the power of suction. The pressure upsurges blood supply to the damaged area and draws out pus and debris from the wound. Many vacuum therapy devices are widely available in different sizes and shapes depending on the size of the wound to be treated and the patient's body shape. Vacuum therapy devices like vacuum pumps are either fixed or moveable and are powered by alternating current or batteries. Vacuum devices for NPWT are of two types, including standalone and portable NPWT devices. It includes smart features such as an alarm indication for loss of pressure and a replaceable canister.
MARKET SCOPE
The "Global Vacuum Therapy Devices Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the vacuum therapy devices market with detailed market segmentation by portability, technology, application, end-user, and geography. The report provides key statistics on the market status of the leading vacuum therapy devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers
Restraints
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The vacuum therapy devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the vacuum therapy devices market in these regions.
IMPACT OF COVID-19 ON VACUUM THERAPY DEVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. Vacuum therapy devices market was significantly affected by the current COVID-19 conditions that caused shifts in short term planning goals, focus on concerns related to near term cost management, and long term complexity management and the patient pool dropped dramatically. In addition, the production of various devices was limited, and supplies of inventories were on hold. Therefore, the above-mentioned factors have widely affected the growth of the vacuum therapy devices market during the COVID-19 pandemic.
The report covers key developments in the vacuum therapy devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from vacuum therapy devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for vacuum therapy devices in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vacuum therapy devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Vacuum therapy devices are medical suction devices primarily used for different vacuum therapy and impotence disorders, such as negative pressure wound therapy (NPWT). Vacuum therapy devices help to heal wounds by negative pressure wound therapy for acute and chronic wounds like diabetic ulcers, arterial ulcers, and burns by using sub-atmospheric pressure. NPWT devices comprise of vacuum pump, advanced wound dressing, and drainage tubing and provide wound healing by applying pressure through a wound dressing. It is designed to regulate the power of suction. The pressure upsurges blood supply to the damaged area and draws out pus and debris from the wound. Many vacuum therapy devices are widely available in different sizes and shapes depending on the size of the wound to be treated and the patient's body shape. Vacuum therapy devices like vacuum pumps are either fixed or moveable and are powered by alternating current or batteries. Vacuum devices for NPWT are of two types, including standalone and portable NPWT devices. It includes smart features such as an alarm indication for loss of pressure and a replaceable canister.
MARKET SCOPE
The "Global Vacuum Therapy Devices Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the vacuum therapy devices market with detailed market segmentation by portability, technology, application, end-user, and geography. The report provides key statistics on the market status of the leading vacuum therapy devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on portability, the global vacuum therapy devices market is segmented into portable vacuum therapy devices and non-portable vacuum therapy devices.
- On the basis of technology, the market is segmented into manual and electrically powered.
- On the basis of application, the market is segmented into chronic wounds, diabetic foot ulcers, erectile dysfunction, traumatic wounds, surgical procedures and others.
- On the basis of end-users, the market is bifurcated into hospitals & clinics, ambulatory surgery center and others.
MARKET DYNAMICS
Drivers
- Increasing cases of road accidents, growing prevalence of chronic diseases, and rising incidence of diabetic foot ulcers are expected to drive the vacuum therapy devices market.
- A rising stressful, sedentary lifestyle coupled with bad eating habits results in erectile dysfunction. Hence, it boosts the demand for the market.
- Growing awareness among the patients about the NPWT and reducing healing time by the devices propel the market growth.
- Increasing technological advancements for improved treatment protocols and the launch of new products fuel the market's growth.
Restraints
- Availability of alternative therapeutic medication such as Viagra.
- High cost of vacuum therapy devices used for erectile dysfunction.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The vacuum therapy devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the vacuum therapy devices market in these regions.
IMPACT OF COVID-19 ON VACUUM THERAPY DEVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. Vacuum therapy devices market was significantly affected by the current COVID-19 conditions that caused shifts in short term planning goals, focus on concerns related to near term cost management, and long term complexity management and the patient pool dropped dramatically. In addition, the production of various devices was limited, and supplies of inventories were on hold. Therefore, the above-mentioned factors have widely affected the growth of the vacuum therapy devices market during the COVID-19 pandemic.
The report covers key developments in the vacuum therapy devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from vacuum therapy devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for vacuum therapy devices in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vacuum therapy devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Molnlycke Health Care AB
- 3M (Acelity LP Inc.)
- Coloplast Corp.
- Augustam Medical Systems
- Vacurect
- Smith & Nephew PLC
- Boston Scientific Corporation
- Cardinal Health
- ConvaTec
- Pryoga
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
The List of Companies
1. Molnlycke Health Care AB
2. 3M (Acelity LP Inc.)
3. Coloplast Corp.
4. Augustam Medical Systems
5. Vacurect
6. Smith and Nephew PLC
7. Boston Scientific Corporation
8. Cardinal Health
9. ConvaTec
10. Pryoga
1. Molnlycke Health Care AB
2. 3M (Acelity LP Inc.)
3. Coloplast Corp.
4. Augustam Medical Systems
5. Vacurect
6. Smith and Nephew PLC
7. Boston Scientific Corporation
8. Cardinal Health
9. ConvaTec
10. Pryoga
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