Medical Vacuum Systems Market Research Report – Global Forecast till 2030

Medical Vacuum Systems Market Research Report: By Product (Standalone Vacuum Systems, Centralized Vacuum Systems, Portable, and Compact), Technology (Dry Claw Vacuum Pump Technology), Application (Therapeutic), End User, & Region — Forecast till 2030

ID: MRFR/HC/6100-HCR | February 2021 | Region: Global | 90 pages

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Medical Vacuum Systems Market Overview


The medical vacuum systems market was valued USD 1,030.5 million in 2017 and is anticipated to exhibit a growth rate of 7% CAGR during the forecast period (2020-2030). 


The vacuum system maintains the pressure inside the chamber under the atmospheric pressure value. The medical vacuum system manufacturers designed this device to provide a safe, enough flow of gas or vacuum. It is also used for the required pressure used in intensive care units (ICUs), Operation Theatres (OTs), emergency and respiratory/general medicine units. These systems are also used to remove unwanted fluids or gases from hospital or laboratory working areas by creating a suction system.


These systems also make to protect the medical specialists by themselves from contact with medical unhealthy substances by providing a controlled framework. These systems are used in preparing assisted wound closures, draining wounds, lung and chest drainages, and in other applications. According to the report of the World Health Organization (WHO) in 2004, the total number of surgeries worldwide is registered as 226.4 million which was increased to 312.9 million in 2012 and 3.4million in 2017.


COVID-19 Analysis:


Most of the business sectors are drastically affected due to the COVID-19 outbreak, which includes automobiles, food & beverages, transportation, aerospace & defense, and many more. To curb the spread of the coronavirus all over the world, the government imposed stringent regulations like lockdowns, maintaining social distance, shut down the manufacturing industries, retailer shops off, and others.


Even though COVID-19 slightly affected the medium vacuum system market in the first quarter of 2020, rapidly the growth of these systems market increases due to its several advantages that are helpful in this pandemic situation. The main focus of this system is to provide care for the elderly, outpatient, and people with disabilities who are increasing day by day, and hence the market growth accelerates. The common medical gas and vacuum systems are used in operation theatres, ICUs, emergency and general medicine units and these are highly used in the hospitals particularly in this COVID-19 pandemic situation. Hence the pandemic increases the growth of the medical vacuum systems market.


Market Dynamics:


Drivers:


With the surging number of surgical and diagnostic imaging procedures, the demand for medical vacuum systems increases and the growth of the market also increases. The growth in the prevalence of chronic and infectious diseases and the increase in the adoption of medical vacuum systems propel the growth of the market. The advanced technologies in the vacuum system and the presence of regulatory frameworks mandate the use of vacuum systems in healthcare centers along with the increasing adoption of medical vacuum systems.


Restraint:


The medical technology vacuum systems are very expensive and are difficult in maintaining these devices which are restraining the medical gas and vacuum systems market.


Opportunities:


By increasing the awareness among the people towards the high incidence of chronic diseases and their treatment along with the untapped opportunities provided by the medical vacuum systems manufacturers may boost the growth of the market.


Challenges:


There are few concerns regarding various complications and the requirement of more resources for its operation and its maintenance are the factors challenging the market growth.


Study Objectives -




  • To provide detailed information about the medical vacuum systems market structure along with various forecast segments and sub segments for the next 10 years.




  • To provide the factors that are affecting the growth of the medical vacuum systems market value.




  • To analyze the medical vacuum systems market industry analysis based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.




  • To provide history and forecast revenue segments and sub-segments of the medical vacuum systems market revenue for the main geographies.




  • To provide the country-level analysis of the current market size and future prospective.




  • To provide country-level analysis of the medical vacuum systems market industry growth by region, form, and application.




  • To provide a strategic profile of the prominent key players in the market, analyze their core competencies, and draw a market growth landscape.




  • To track and analyze new product developments, strategic alliances, and medical vacuum systems market research.




Segment Overview:


The medical gas & vacuum piping systems market has been globally categorized into five segments based on product, application, technology, end-user, and region. 


Based on Product


The global medical vacuum system market based on the product is classified into few types as centralized vacuum systems, standalone vacuum systems, portable and compact vacuum systems, and accessories. Due to the presence of a large end-user base for compact or standalone vacuum systems along with the growing adoption of standalone systems in dental clinics and research laboratories, standalone vacuum systems are dominating the global medical vacuum market.


Based on Application


By application, the global portable medical vacuum systems market is bifurcated into five types as therapeutic applications, research, diagnostics, pharmaceutical, and biotechnology manufacturing. Among them, the therapeutic application is dominating the largest market share for the growing incidence of dental caries and other periodontal diseases, rising use of NPWT for diabetic ulcer treatment, a growing number of target medical procedures.


Based on Technology


Based on the technology, the global medical gas & vacuum systems market is categorized into various types such as dry claw vacuum pump technology, oil-sealed liquid ring technology, dry rotary wane technology, oil-sealed rotary vane technology, and water-sealed liquid ring technology.


Based on End-user


The global medical gas & vacuum piping systems market based on end-user is divided into hospitals, clinics, surgery centers, pharmaceutical, and biotechnology industries, diagnostic laboratories, research, and academic institutes. Hospitals, surgical centers, and ambulatory care centers account for the largest share of its high demand for vacuum systems, and an increasing number of target procedures conducts yearly.


Based on Region


Region-wise, the global medical technology vacuum systems market is analyzed into four main regions like Asia-Pacific, Europe, America, and the Middle East & Africa. Due to the presence of major market value contributors, implementation of regulatory norms for cleaning purposes, rising end-base user industries, America is leading the global market.


Regional Analysis -


Geographically, the medical gas & vacuum systems market is segmented into four main regions like Europe, Asia-Pacific, America, and the Middle East & Africa. Among them, America is dominating the medical vacuum system market share for their presence of major market value contributors, growing end-base user industries, sophisticated healthcare infrastructure, production guidelines, and surgical protocols, implementation of regulatory norms such as cleaning, increasing number of target surgical procedures, and increasing healthcare expenditure in the US and Canada.


Asia-Pacific is anticipated to increase its growth in the market for its increasingly aging population along with the increasing prevalence of chronic diseases, rising awareness regarding vacuum systems along with mounting adoption. In 2016, according to the report of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), nearly 12.4 % of the population in this region are 60 years or older and is expected to increase more than 1.3 billion by 2050. 


Competitive Landscape


The prominent key players in the medical vacuum systems market outlook are the following:




  • Olympus Corporation




  • Integra Biosciences AG




  • Ohio Medical Corporation




  • Atlas Copco AB




  • ZOLL Medical Corporation




  • Precision Medical, Inc.




  • Medela Holding AG




  • Dragerwerk AG & Co. KGaA




  • Busch Holding GmbH




  • Gardner Denver, Inc.




  • DEKKER Vacuum Technologies, Inc.




  • Air Techniques, Inc.




  • Allied Healthcare Products, Inc.




  • BeaconMedaes




Recent Developments




  • In November 2018, the top leading companies Busch LLC (Germany) and Pfeiffer Vacuum Technology AG (Germany) signed a strategic cooperation agreement for enhancing the segments like sales & service, R & D developments, and for improving the vacuum product line.




  • In October 2018, the US FDA 510(K) cleared the Avelle for the innovation Negative Pressure Wound Therapy System of the Convatec {UK) enterpriser.




  • Walker Filtration was acquired by Atlas Copco AB (Sweden) in March 2018, for USD 38.68 million to enhance their vacuum business.




Report Overview:


This medical vacuum systems market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the medical vacuum systems market drivers, restraints, challenges, and opportunities. The medical vacuum systems market forecast segments are application, product, end-user, technology, and region.


Segmentation Table


The medical gas and vacuum systems market trends have been segmented globally based on application, product, technology, end-user, and region.


By Product


Centralized vacuum systems, standalone vacuum systems, portable and compact vacuum systems, and accessories.


By Application


Therapeutic applications, research, diagnostics, pharmaceutical, and biotechnology manufacturing.


By Technology


Dry rotary wane technology, dry claw vacuum pump technology, oil-sealed rotary vane technology, oil-sealed liquid ring technology, and water-sealed liquid ring technology.


By End-user


Hospitals, clinics, surgery centers, pharmaceutical, and biotechnology industries, diagnostic laboratories, research, and academic institutes.


By Region


Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in the medical vacuum systems market.



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Frequently Asked Questions (FAQ) :

The global medical vacuum systems market was valued at USD 1,030.5 million in 2017.

The global medical vacuum systems market is expected to exhibit a strong 7% CAGR over the forecast period from 2020 to 2030.

The global medical vacuum systems market is primarily driven by the increasing technological advancement in vacuum systems, which has increased their appeal.

The high costs and bulky mechanics of medical vacuum systems are the major factors restricting their adoption.

The Americas dominate the global medical vacuum systems market due to the high healthcare expenditure in the region.