Medical Vacuum Systems Market Overview
The rising number of surgeries being conducted every year is expected to fuel demand for the systems in the upcoming years. In addition, the expansion of the healthcare sector on the global front is also projected to boost the expansion of the market over the next couple of years.
Medical vacuum systems are used in healthcare facilities for maintaining pressure inside a chamber. It helps in the removal of unwanted fluids or gases from the area. Rising level of strictness in the maintenance of a clean and hygienic environment in hospitals is likely to increase demand for these systems in the forthcoming years. Market Research Future has unfolded in its report that the global Medical Vacuum Systems Market is anticipated to expand at 6.10% CAGR during the forecast period 2022 to 2030.
A medical vacuum system provides a safe, adequate flow of vacuum, and the required pressure to be used in the healthcare facilities such as operating theaters (OTs), intensive care centers, and emergency and respirology/general medicine units. These systems create a suction system to eliminate unnecessary fluids or gases from hospital or laboratory working areas. Factors facilitating the market growth are worldwide growing geriatric population, increasing number of surgical and diagnostic imaging procedures, technological developments in vacuum equipment, and the presence of regulatory frameworks mandating the use of vacuum systems in the healthcare settings coupled with rising adoption of medical vacuum systems. For instance, the World Health Organization (WHO) reported that the worldwide population aged 60 years.
By product, the global medical vacuum systems market has been segmented into standalone vacuum systems, portable and compact vacuum systems, centralized vacuum systems, and accessories.
By technology, the medical vacuum systems market has been segmented into oil-sealed liquid ring technology, dry claw vacuum pump technology, oil-sealed rotary vane technology, dry rotary vane technology, and water-sealed liquid ring technology.
Based on application, the market has been segmented into therapeutic applications, research, pharmaceutical, diagnostic, and biotechnology manufacturing. The therapeutic applications segment has been further segmented into dental, wound care, anesthesiology, and gynecology.
On the basis of end-user, the market has been segmented into clinics, and surgery centers, hospitals, diagnostic laboratories, pharmaceutical and biotechnology industries, and research and academic institutes.
The global medical vacuum systems market, on the basis of region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East Africa (MEA). Americas held the maximum market share in 2017 and is anticipated to lead market growth over the next few years. The growth of the key players based out of the region is poised to boost revenue generation of the medical vacuum systems market in the region over the next few years. Also, the implementation of stricter regulations for maintaining hygiene and cleanliness in healthcare facilities is expected to catalyze profit maximization for the market players. The region houses a technologically advanced infrastructure which is projected to provide impetus to the growth of the market in the years to come.
Europe is anticipated to earn considerable profits owing to the presence of a developed healthcare sector. In addition, the growth of the medical device industry is also prognosticated to drive the expansion of the market over the next few years. Asia Pacific is projected to exhibit significant growth over the next couple of years, which is attributable to the rising patient population. The region is also anticipated to benefit from the rising demand for healthcare services and an increasing number of surgeries.
The leaders operating in the global medical vacuum systems market Players have been studied in this MRFR report for offering a detailed share analysis. These players include Olympus Corporation Atlas Copco AB, ZOLL Medical Corporation, Integra Biosciences AG, Ohio Medical Corporation, Precision Medical, Inc., Drägerwerk AG Co. KGaA, Busch Holding GmbH, Medela Holding AG, BeaconMedæs, Gardner Denver, Inc., DEKKER Vacuum Technologies, Inc., Allied Healthcare Products, Inc., and Air Techniques, Inc.
Key players are emphasizing on the development of the product portfolio by leveraging technological advancements. Some of the key strategies devised by the player in the market are mergers acquisitions, collaborations, partnerships, etc. Investments in research development have been increased exponentially for technological innovations and product development. This, in turn, is prognosticated to intensify the competition in the market over the next couple of years.
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