Scope of the Study
The medical vacuum system is defined as the vacuum systems which is used to offer suction to, gases from laboratory, unwanted fluids as well as medical environments. Increasing incidence of dental caries and other periodontal diseases, increasing use of NPWT for diabetic ulcer management, and others are propelling the growth of the market. The market for medical vacuum system is expected to register a CAGR of over 16.2% during the forecast period.
The market study is being classified by Type (Standalone, Centralized and Portable), by Application (Diagnostic, Wound Care and GYN) and major geographies with country level break-up.
Atlas Copco AB (Sweden), Gardner Denver Holdings (United States), Busch Holding GmbH (Germany), Drägerwerk AG & Co. KGaA (Germany), Asahi Kasei ZOLL Medical Corporation (Japan), Olympus Corporation (Japan), ConvaTec (United Kingdom), INTEGRA Holdings (United States), Allied Healthcare Products Inc. (United States) and Medela AG (Switzerland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Air Techniques (United States), Laerdal Medical (Norway), Precision Medical, Inc. (United States), Medicop (Slovenia) and Ohio Medical Corporation (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Medical Vacuum System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Medical Vacuum System market by Type, Application and Region.
On the basis of geography, the market of Medical Vacuum System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Dry Claw will boost the Medical Vacuum System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End user, the sub-segment i.e. Pharmaceutical will boost the Medical Vacuum System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Stringent Regulatory Frameworks Mandating the Use of Vacuum Systems
- Increasing Number of Target Surgical Procedures across Major Markets
- Rising Number of Diagnostic Imaging Procedures
- Increasing Spending On Healthcare Structure Worldwide
- Issue related to the High Cost of Medical Vacuum System Products
- Increasing Demand from Emerging Economies such as China and India
- Government Initiatives to Expand the Medical Vacuum System Market
- Strong Opportunity in Diagnostic Labs, owing to the Increasing Number of Diagnostic Imaging Procedures Globally
- Lack of awareness of Medical Vacuum System in Developing Region
Market Leaders and their expansionary development strategies
In March 2018, the Atlas Copco AB (Sweden) Company has acquired Walker Filtration (United Kingdom) Company for more than USD 38.68 million for enhancing its vacuum business. Hence, this acquisition will help in strengthening the position of the company in the southeast.
In November 2018, the Busch LLC (Germany) and Pfeiffer Vacuum Technology AG (Germany) has entered into a strategic cooperation agreement in order to improve segments such as R&D developments, sales & services and improve the vacuum product line. Therefore, it will affect the growth of the market in the future. and In October 2018, the ConvaTec (United Kingdom) Company has received the Food and Drug Administration 510(k) Clearance for its avelle negative pressure wound therapy system. Hence, this approval has helped in the expansion of the company in the United States.
Key Target AudienceManufacturers of Medical Vacuum System, Traders, Distributors, and Suppliers of Medical Vacuum System, Raw Material Suppliers, Government and Research Organizations and Industry Associations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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