According to a new report, published by KBV research, The Global Vacuum Therapy Devices Market size is expected to reach $2.2 billion by 2031, rising at a market growth of 3.8% CAGR during the forecast period.
The Negative Pressure Wound Therapy segment is leading the Global Vacuum Therapy Devices Market by Product in 2023; thereby, achieving a market value of $1.3 billion by 2031. Negative pressure wound therapy (NPWT) devices' pervasive use in the management of complex and chronic wounds, including diabetic foot ulcers, pressure ulcers, and surgical wounds, is the reason for their dominant position. The effectiveness of NPWT in promoting faster wound healing, reducing the risk of infections, and minimizing scarring has made it a preferred choice among healthcare providers, driving its strong market performance.
The Clinics segment is anticipating a CAGR of 4.2% during (2024 - 2031). Clinics, which often serve as the first point of contact for patients requiring wound care, increasingly adopt vacuum therapy devices to manage chronic wounds, minor surgical wounds, and outpatient care needs. The growth of this segment reflects the expanding role of clinics in providing accessible and effective wound care solutions, supported by the portability and ease of use of modern vacuum therapy devices.
The Non-Portable Vacuum Therapy Devices segment is generating maximum revenue share in the Global Vacuum Therapy Devices Market by Type in 2023; thereby, achieving a market value of $1.6 Billion by 2031. The reason for this dominance is primarily the extensive use of non-portable devices in hospital contexts, where they are employed to treat severe and chronic wounds. Non-portable vacuum therapy devices are typically more robust and powerful, making them suitable for managing complex cases that require consistent and intensive care.
The Acute Wounds segment is registering a CAGR of 4.2% during (2024 - 2031). Acute wounds, including surgical procedures, traumatic injuries, and burns, benefit greatly from vacuum therapy devices, which help manage exudate, reduce edema, and accelerate healing. The strong performance of this segment reflects the increasing adoption of vacuum therapy as a standard practice in treating a wide range of acute wounds, particularly in hospital and clinical settings.
Full Report: https://www.kbvresearch.com/vacuum-therapy-devices-market/
The North America region dominated the Global Vacuum Therapy Devices Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $816.1 million by 2031. The Europe region is experiencing a CAGR of 3.5% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 4.4% during (2024 - 2031).
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