Market Overview:
The global vacuum assisted closure market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic wounds, technological advancements in vacuum assisted closure devices, and rising demand for minimally invasive procedures. Based on type, the global vacuum assisted closure market is segmented into polyurethane material, polyethylene material, and others. Polyurethane material held the largest share of the global vacuum assisted closure market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to its superior properties such as durability and flexibility. Based on application, hospitals accounted for the majority share of the global vacuum assisted closure market in 2017 and is expected to maintain its lead duringthe forecast period owingtoits large patient population baseand growing demand for minimally invasive procedures.
Product Definition:
Vacuum Assisted Closure (VAC) therapy is a wound care modality that uses negative pressure to promote healing. A device known as a wound Vacuum pump is used to create and maintain a vacuum over the wound bed. This negative pressure pulls fluid and cells out of the wound, promoting healing. VAC therapy has been shown to reduce edema, inflammation, and pain in wounds, as well as improve healing times.
Polyurethane Material:
Polyurethane (PU) is a polymer, which is derived from the reaction of diisocyanate and polyol. It has high thermal stability, excellent chemical resistance and low moisture permeability. PU is widely used in various industries including automotive & transportation, construction chemicals, adhesives & sealants and furniture among others on account of its properties such as durability, versatility along with being lightweight.
Polyethylene Material:
Polyethylene (PE) is a widely used thermoplastic polymer in the food packaging industry. It offers several unique properties such as high strength, excellent barrier to moisture, and low cost which makes it ideal for vacuum assisted closure application.
The global PE material market size was estimated at USD 3.22 billion in 2016.
Application Insights:
Based on application, the global market is segmented into hospitals, clinics and surgeries, medical laboratories, pharmaceutical companies and others. The hospitals segment dominated the overall market in terms of revenue in 2017. This can be attributed to factors such as increasing geriatric population across the globe which requires constant monitoring and treatment for various diseases. Moreover, a rise in number of accidents & trauma cases that require surgery for proper closure also contributes to this segment growth.
The clinics & surgeries application is expected to grow at a lucrative rate over the forecast period owing to rising awareness about better healthcare facilities coupled with an increase in spending by consumers on advanced healthcare services along with cosmetic procedures at beauty salons & spas.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large geriatric population base, increasing prevalence of chronic diseases, and high adoption rate for new technologies. Moreover, growing healthcare expenditure coupled with favorable reimbursement policies is expected to drive regional demand over the forecast period.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to rising disposable income and improving healthcare infrastructure in emerging countries such as China and India. Furthermore, an increase in government initiatives aimed at improving public health system is likely boost product demand over the next eight years (from 2018 to 2030). In addition, supportive regulations that allow tax benefits on medical devices are further expected fuel regional expansion over this timeframe.
Europe accounted for more than 15% share of overall revenue in 2017 due to its well-established medical device industry coupled with growing R&D activities within this region pertaining towards Vacuum Assisted Closure Devices Market Development & Commercialization (VACCD).
Growth Factors:
- Increasing incidence of chronic wounds: The increasing incidence of chronic wounds, such as venous leg ulcers, diabetic foot ulcers, and pressure ulcers is expected to drive the demand for vacuum assisted closure devices over the forecast period.
- Rising geriatric population: The global geriatric population is expected to increase significantly in the next few years, which will result in an increase in the prevalence of chronic wounds. This will create a high demand for vacuum assisted closure devices over the forecast period.
- Technological advancements: The development of new and innovative vacuum assisted closure devices is expected to fuel market growth over the forecast period. These devices are becoming increasingly portable and easier to use, which is likely to boost their adoption rates among patients suffering from chronic wounds.
- Growing awareness about benefits of VAC therapy: There has been a growing awareness about the benefits of VAC therapy among healthcare professionals as well as patients in recent years. This is likely to propel market growth during the forecast period.. 5) rising number if surgical procedures:The rising number if surgical procedures across globe would lead more patient towards Vacuum Assisted Closure Devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Vacuum Assisted Closure Market Research Report
By Type
Polyurethane Material, Polyethylene Material, Others
By Application
Hospitals, Clinics, Nursing Homes
By Companies
Kinetic Concepts, Cardinal Health, Medela, Talley Group, McKesson Medical-Surgical, Avery Dennison Corporation, M, Smith & Nephew, Molnlycke Health Care, Acelity
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Vacuum Assisted Closure Market Report Segments:
The global Vacuum Assisted Closure market is segmented on the basis of:
Types
Polyurethane Material, Polyethylene Material, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Nursing Homes
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kinetic Concepts
- Cardinal Health
- Medela
- Talley Group
- McKesson Medical-Surgical
- Avery Dennison Corporation
- M
- Smith & Nephew
- Molnlycke Health Care
- Acelity
Highlights of The Vacuum Assisted Closure Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyurethane Material
- Polyethylene Material
- Others
- By Application:
- Hospitals
- Clinics
- Nursing Homes
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vacuum Assisted Closure Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vacuum assisted closure (VAC) is a surgical technique used to close a wound. It uses suction to help hold the edges of the wound together until it heals.
Some of the major companies in the vacuum assisted closure market are Kinetic Concepts, Cardinal Health, Medela, Talley Group, McKesson Medical-Surgical, Avery Dennison Corporation, M, Smith & Nephew, Molnlycke Health Care, Acelity.
The vacuum assisted closure market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vacuum Assisted Closure Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vacuum Assisted Closure Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vacuum Assisted Closure Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vacuum Assisted Closure Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vacuum Assisted Closure Market Size & Forecast, 2020-2028
4.5.1 Vacuum Assisted Closure Market Size and Y-o-Y Growth
4.5.2 Vacuum Assisted Closure Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Polyurethane Material
5.2.2 Polyethylene Material
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Nursing Homes
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vacuum Assisted Closure Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vacuum Assisted Closure Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Polyurethane Material
9.6.2 Polyethylene Material
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Nursing Homes
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Polyurethane Material
10.6.2 Polyethylene Material
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Nursing Homes
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Polyurethane Material
11.6.2 Polyethylene Material
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Nursing Homes
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Polyurethane Material
12.6.2 Polyethylene Material
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Nursing Homes
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Polyurethane Material
13.6.2 Polyethylene Material
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Nursing Homes
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vacuum Assisted Closure Market: Competitive Dashboard
14.2 Global Vacuum Assisted Closure Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kinetic Concepts
14.3.2 Cardinal Health
14.3.3 Medela
14.3.4 Talley Group
14.3.5 McKesson Medical-Surgical
14.3.6 Avery Dennison Corporation
14.3.7 M
14.3.8 Smith & Nephew
14.3.9 Molnlycke Health Care
14.3.10 Acelity
