The Latin America, Middle East and Africa Vacuum Therapy Devices Market would witness market growth of 6.2% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Vacuum Therapy Devices Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $41.8 million by 2031. The Argentina market is registering a CAGR of 6.8% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 5.2% during (2024 - 2031).
Vacuum therapy devices fit seamlessly into this trend. They provide an effective wound management solution requiring less invasive intervention than traditional surgical methods. These devices facilitate speedier healing, mitigate the risk of infection, and reduce the necessity for more invasive surgical interventions by establishing a controlled, negative pressure environment at the wound site.
Moreover, Surgical site infections (SSIs) are a significant concern in the global healthcare landscape, as they are on the rise due to the increasing number of surgical procedures conducted annually. SSIs are one of the most common complications associated with surgery, and they can lead to serious consequences, including extended hospital stays, increased healthcare costs, and, in severe cases, life-threatening conditions.
Nations like Saudi Arabia, the UAE, and South Africa are tackling their unique healthcare challenges and increasing their economic investments. In Saudi Arabia, the increasing demand for vacuum therapy devices is strongly linked to the country’s substantial healthcare expenditure. According to the Saudi Ministry of Health, the government allocated SAR 167 billion (approximately USD 44.5 billion) to healthcare and social development in 2021. This significant investment supports adopting advanced medical technologies, including vacuum therapy devices, crucial for managing complex wounds and post-surgical care.
Free Valuable Insights: The Worldwide Vacuum Therapy Devices Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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