Global Medical Vacuum System Market is expected to grow at a CAGR of 6.55% during the forecast period from 2019-2026
A new research report published by Fior Markets with the title Medical Vacuum System Market by Product (Standalone, Centralized, Portable), Technology, Application, End User, Regions, and Global Forecast 2019-2026.
The global medical vacuum system market is expected to grow from USD 1,134.89 Million in 2018 to USD 1,885.63 Million by 2026, at a CAGR of 6.55% during the forecast period from 2019-2026. The North America emerged as the global leader in the demand for medical vacuum system with a 39.41% share of market revenue in 2018.
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Major players in the global medical vacuum system market are Atlas Copco AB, Gardner Denver Holdings, Busch Holding GmbH, Drägerwerk AG & Co. KGaA, Asahi Kasei ZOLL Medical Corporation, Olympus Corporation, ConvaTec, INTEGRA Biosciences AG, Allied Healthcare Products Inc., Medela AG, Air Techniques, Laerdal Medical, Precision Medical, Inc., Medicop, Ohio Medical Corporation, Air Liquide, Amico Corp, BeaconMedaes, Gentec Corp., Ebara Corporation, and among others. There has been growing demand for the medical vacuum system for removing the debris and infected tissues from the wounds. Thus to fulfill this industry demand, the Misonix Inc. in 2016, announced the launch of SonicVac. SonicVac addresses the need to disrupt and remove unhealthy cells, layer-by-layer, from the wound allowing for maximum preservation of surrounding healthy tissue. This gives the patient’s wound the best opportunity to heal.
The product segment is divided into standalone, centralized, and portable. Due to widespread acceptance of standalone systems among dental clinics and research labs, the standalone systems led the global medical vacuum system market with a 43.18% share of market revenue in 2018. The technology is segmented into dry claw, oil sealed rotary vane, dry rotary vane, oil-sealed liquid ring, and water-sealed liquid ring. The water sealed liquid ring technology segment is expected to grow at the highest CAGR of 8.63% over the forecast period. This increased growth can be attributed to the to its low maintenance and operation costs properties. However, the oil sealed liquid ring technology segment held a robust market share in 2018, owing to its widespread use in the hospitals and lab cleanrooms. The application segment is categorized into pharma-biotech manufacturing, therapeutic applications, diagnostic applications, and research applications. Owing to the factors such as rising prevalence of dental ailments, growing use of NPWT for diabetic ulcer management, and the increasing number of targeted medical procedures, the therapeutic application segment led the global medical vacuum system market with a 34.82% share of market revenue in 2018. End user is segmented into hospitals, surgical centers, and ambulatory care centers; diagnostic laboratories, pharmaceutical and biotechnology manufacturers, and research laboratories and academic institutes. The hospitals, surgical centers, and ambulatory care centers led the market with a 31.47% share of market revenue in 2018.
Even though the factors such as technological advancements in the medical vacuum systems, rise in the number of target surgical procedures as well as Growth of the diagnostic imaging procedures are driving the global medical vacuum system market. The high equipment cost as procedural limitations are expected to hold back the growth of the market over the forecast period.
About the report:
The global medical vacuum system market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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