GLOBAL MEDICAL VACUUM SYSTEM MARKET SIZE AND Forecast to 2030

The medical vacuum system market is projected to achieve the compound annual growth rate of ~8% between 2022 and 2030. The growing demand for suction systems in nursing care will drive the medical vacuum system market during the forecast period. The application of medical vacuum systems in the fields of anesthesiology, gynecology and dentistry to eliminate excess liquid should promote business growth. During the forecast period, the emergence of wound drainage, gastric emptying, liposuction, tracheal tube cleaning, and thoracic drainage technology will provide multiple opportunities for the medical vacuum system market.

 

In addition, the application of medical vacuum systems that meet the requirements of NFPA 99 can play a vital role in the transformation of medical systems, thereby accelerating the development of the medical vacuum system industry. The rapid increase in the number of hospitalizations will become a positive factor in business growth. Therefore, the growing demand for high-quality and technologically advanced medical vacuum cleaners installed in hospital environments will support the development of the industry.

 

The newly launched medical vacuum system aims to produce a suction system that helps to safely remove unwanted liquids and gases to ensure sterility during surgery. The aforementioned factors should increase the demand for these systems in the healthcare industry. However, during the forecast period, the high maintenance costs associated with medical vacuum systems may hinder the development of the industry.

THE MEDICAL VACCUM SYSTEM MARKET, CLASSIFIED BY PRODUCT:

The independent vacuum system segment is expected to have a compound annual growth rate of approximately 6% during the review period. These systems are very popular in dental surgery in dental clinics and research laboratories. The independent vacuum system helps maintain a sterile environment for the various research activities that drive the growth of the segment. In 2018, the value of the centralized vacuum system sector exceeded US$370 million and is expected to grow significantly by 2025. The benefits provided by the centralized vacuum system, such as the ease of use and availability of systems of different specifications, will drive business growth.

MEDICAL VACCUM SYSTEM MARKET BY TECHNOLOGY :

The revenue share of the oil seal rotary blade technology sector in 2018 was approximately 28%, and it is expected to show similar growth during the analysis period. The increasing demand for the most advanced oil-sealed rotating blades in the healthcare industry should encourage the growth of market segments. In addition, the advantages of air-cooled design and long blade life will further promote the growth of oil seal rotary vane technology. The dry rotary vane technology division had revenue of more than US$290 million in 2018 and is expected to achieve a strong compound annual growth rate during the forecast period. The growth of the market segment is attributable to the increase in investment by manufacturers in the research and development of innovative dry rotating blades. In addition, the advantages of dry rotary vanes, such as long service life, low vibration, high efficiency, and low energy consumption, will have a positive impact on the growth of the industry.

MEDICAL VACCUM SYSTEM MARKET, BY APPLICATION:

The wound care sectors revenue share exceeded 16% in 2018 and will show profitable growth during the forecast period. The demand in this segment is due to the growing preference for negative pressure wound therapy. In addition, the increase in the incidence of periodontal disease and the increase in the number of surgical operations will further support the growth of the industry. The value of the cardiac arrest component in 2018 exceeded 120 million U.S. dollars. The increase in the number of patients suffering from cardiac arrest, cardiovascular disease and atrial fibrillation will drive the demand for various surgical procedures, thereby increasing the demand for medical vacuum systems in hospitals. In addition, technological advances in cardiac ablation devices will increase the growth of market segments.

MEDICAL VACCUM SYSTEM MARKET BY END USE:

The hospital sector’s revenue in 2018 is substantial and will grow by approximately 6.5% during the analysis period. Hospitals can afford advanced and expensive medical equipment. In addition, the increasing preference for advanced and portable medical vacuum systems during surgical procedures should promote segmented growth. Due to the increasing demand for medical vacuum cleaners in laboratories, the value of the laboratory sector in 2018 exceeded US$450 million. In addition, investment in R&D activities by public and private organizations, as well as technological advancements such as equipment miniaturization and efficiency improvements, will benefit the growth of this market segment.

MEDICAL VACCUM SYSTEM MARKET BY REGION:

The compound annual growth rate of the North American medical vacuum system market is expected to exceed 6% in the next few years. The regional growth is attributed to increased awareness of the gap between advanced and innovative medical care. In addition, the regions well-developed healthcare infrastructure and the strong presence of major industry players will accelerate the growth of the North American medical vacuum system industry. The Asia-Pacific medical vacuum system market was valued at more than US$290 million in 2018. The elderly population suffering from various chronic diseases is increasing, and the government has stepped up efforts to improve the medical infrastructure in the region, which will drive business growth.

COMPETITIVE MARKET SHARE :

Major industry players operating in the medical vacuum system market include Atlas Copco, Gardner Denver, Air Techniques, Allied Healthcare Products, Busch, ConvaTec, Drägerwerk, INTEGRA Biosciences, Laerdal Medical, Medela and Medicop. Business participants implement various strategies, including acquisitions, partnerships, and product launches, to take advantage of market opportunities and maintain market competition. In March 2018, Atlas Copco acquired Walker Filtration Ltd., a manufacturer of high-efficiency equipment for compressed gas, air and vacuum processing, providing sustainable productivity solutions. The acquisition aims to strengthen the companys existing product portfolio and increase its competitiveness and market share in compressed vacuum, air and gas processing equipment. In February 2018, Gardner Denver, which provides mission-critical flow control and compression equipment, acquired Runtech Systems, a leading manufacturer of turbo vacuum technology systems. This strategy enables the company to expand its technology to a wider range of flow control, vacuum and pressure systems, and other services to improve the companys performance.

MEDICAL VACCUM SYSTEM INDUSTRY BACKGROUND:

The history of vacuum pumps can be traced back to 1650 and was introduced by Otto von Guericke. The use of medical attraction systems in healthcare environments began in the 1990s to easily maintain the health of patients. Various manufacturers have begun to develop innovative and technologically advanced systems for various healthcare purposes. The medical vacuum system is specifically designed to remove unwanted liquids or gases from the hospital/laboratory work area.

 

The medical vacuum system focuses on providing care for the elderly, outpatients and the disabled. In addition, it can also help healthy people monitor their health through different applications. In recent years, commercial participants have focused on launching new products and have therefore introduced a variety of medical vacuum systems. Market participants such as Allied Healthcare Products Inc. and INTEGRA Biosciences are working on research and development activities to develop technologically advanced products. Increasing adoption of such products will increase the demand for medical vacuum systems, thereby promoting the development of the industry in the next few years.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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