The Europe Vacuum Therapy Devices Market would witness market growth of 3.5% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Vacuum Therapy Devices Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $138.4 million by 2031. The UK market is exhibiting a CAGR of 2.6% during (2024 - 2031). Additionally, The France market would showcase a CAGR of 4.5% during (2024 - 2031).
The increasing prevalence of chronic lesions, such as pressure ulcers, diabetic ulcers, and venous leg ulcers, is one of the primary factors driving the vacuum therapy devices market. It is projected that there will be a considerable increase in the need for sophisticated wound care solutions like vacuum therapy as the population of the continues to age and the prevalence of chronic diseases rises.
Moreover, the development and adoption of vacuum therapy devices have been significantly influenced by technological advancements. Over the years, manufacturers have introduced a range of innovations to improve these devices' effectiveness, ease of use, and portability.
The demand for vacuum therapy devices is on the rise in Europe due to the rising prevalence of chronic lesions, an aging population, and high healthcare expenditure. In Germany, this demand is significantly influenced by the country’s substantial healthcare expenditure. According to the World Health Organization, Germany's current healthcare expenditure (CHE) represented about 13% of the GDP in 2022. This robust investment allows for the widespread adoption of advanced medical technologies, including vacuum therapy devices, particularly in managing complex wounds and post-surgical care.
Free Valuable Insights: The Global Vacuum Therapy Devices Market will Hit USD 2.2 Billion by 2031, at a CAGR of 3.8%
Based on Product, the market is segmented into Negative Pressure Wound Therapy and Vacuum Constriction Devices. Based on End Use, the market is segmented into Hospitals, Clinics, and Others. Based on Application, the market is segmented into Chronic wounds, Acute Wounds, and Erectile Dysfunction. Based on Type, the market is segmented into Non-Portable Vacuum Therapy Devices and Portable Vacuum Therapy Devices. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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