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.
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.
List of Key Companies Profiled
- 3M Company
- Augusta Medical Systems
- Boston Scientific Corporation
- Cardinal Health, Inc.
- Coloplast Group
- Smith & Nephew plc
- Medela AG
- ConvaTec Inc.
- B.Braun Melsungen AG
Market Report Segmentation
By Product
- Negative Pressure Wound Therapy
- Vacuum Constriction Devices
By End Use
- Hospitals
- Clinics
- Others
By Application
- Chronic wounds
- Acute Wounds
- Erectile Dysfunction
By Type
- Non-Portable Vacuum Therapy Devices
- Portable Vacuum Therapy Devices
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Vacuum Therapy Devices Market by Product
Chapter 6. LAMEA Vacuum Therapy Devices Market by End Use
Chapter 7. LAMEA Vacuum Therapy Devices Market by Application
Chapter 8. LAMEA Vacuum Therapy Devices Market by Type
Chapter 9. LAMEA Vacuum Therapy Devices Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- 3M Company
- Augusta Medical Systems
- Boston Scientific Corporation
- Cardinal Health, Inc.
- Coloplast Group
- Smith & Nephew plc
- Medela AG
- ConvaTec Inc.
- B. Braun Melsungen AG
Methodology
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