Medical vacuum system market

Medical Vacuum System Market, by Product Type (Standalone, Centralized, Portable, and Others), by Technology (Dry Claw Vacuum Pump, Oil-Sealed Liquid Ring, Water-Sealed Liquid Ring, Oil-Sealed Rotary vane, and Others), by Application (Diagnostics, Wound Care, Anesthesiology, Gynecology, and Others), by End User (Hospitals and Clinics, Diagnostic Centers, Ambulatory Surgical Hospitals, Academic and Research Institutes, Pharmaceutical and Biotechnological Companies, and Others), by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2026

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Sep 2019
CMI2673
167 Pages
Excel & Pdf
Medical Devices

Summary

Medical Vacuum System Market Insights

The medical vacuum system is designed to remove unwanted fluids such as blood and mucus during surgeries and removal of unwanted gases from hospitals and laboratories. Medical vacuum system is considered as an essential part of healthcare facilities. These systems are used in draining wounds, preparation of wound closures, lung and chest drainage, liposuction, and cleaning of endotracheal tubes.

Global medical vacuum system market was valued at US$ 1,176.4 million in 2018, and is expected to witness a CAGR of 6.6% during the forecast period (2019 – 2026).

Figure 1. Global Medical Vacuum System Market Share, By Technology Type (2018 & 2026)

Source: Coherent Market Insights Analysis (2019)

Key players are focused on launching new products, which is expected to drive the global medical vacuum system market growth.

New launches of vacuum system by key players is expected to drive the global medical vacuum system market growth. For instance, in September 2017, Edward launched new air-cooled nXLi dry vacuum pump. The nXLi dry vacuum pump enables vacuum system to achieve an enhanced performance from single phase power supply. It is available in two types such as nXL110i and nXL200i and both are used in the liquid chromatography-mass spectrometry (LCMS) and inductively coupled plasma mass spectrometry (ICPMS)

Furthermore, in January 2016, Beacon Medaes launched new oil-less rotary vane vacuum system. It has new features such as touch screen control with an embedded web server and space saving design. Oil-less rotary vane vacuum system provides the ideal medical solutions to surgical centers for removal of unwanted body fluids during surgeries.

However, product recall is a major restraining factor for growth of the global medical vacuum system market. For instance, in September 2018, Vyaire Medical, Inc. received product recall alert from the U.S. Food and Drug Administration (FDA) for Tri-Flo Subglottic Suction System. The system was recalled due to the risk of device breakage during surgery, which may cause serious injury or death of patient.

Global Medical Vacuum System Market- Regional Analysis

Regional segmentation of the global medical vacuum system market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America medical vacuum market is expected to witness significant growth, owing to increasing approval activities by regulatory authorities. For instance, in August 2018, SOMAVAC Medical Solution Inc. received approval from the U.S. FDA for its wearable post-surgical pump SOMAVAC 100 sustained vacuum system. It is a closed suction drain device and is used in closed wound surgeries.

Moreover, Europe is expected to witness significant growth in the global medical vacuum system market, owing to increasing product launch activities of medical vacuum system. For instance, in February 2018, Smith & Nephew manufacturing company launched new vacuum system Pico 7 in European market. Pico 7 is single-use, negative pressure wound system, which provides better vacuum. It is a portable device.

Furthermore, Asia Pacific is projected to witness significant growth in the global medical vacuum system market, owing to increasing launch of new medical vacuum systems. For instance, in December 2018, Ebara Corporation launched its new air-cooled dry vacuum pump model EV-PA, which creates a cleaner vacuum environment. It can be used for analytical instruments, medical equipment, and in the food and coating industries.

Figure 2: Global Medical Vacuum System Market Value (US$ Mn), By Region, 2018

Source: Coherent Market Insights Analysis (2019)

Global Medical Vacuum System Market - Competitive Landscape

Key players operating in the global medical vacuum system market include Asahi Kasei ZOLL Medical Corporation, INTEGRA Holdings, Medela AG, Precision Medical, Inc., Dregerwerk, AG & Co KGaA, Allied Healthcare Products Inc. Gardner Denver Holdings, Busch Holdings GmbH, Laerdal Medical, and Air Techniques.

Table of Content

Table of Contents

*Browse 37 market data tables and 32 figures on “Medical Vacuum System Market” - Global forecast to 2026”.

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- Frequently Asked Questions -

What are the growth estimates for medical vacuum system market till 2026?

The global medical vacuum system market is estimated to surpass US$ 1.9 Billion by 2026.

Which are the prominent medical vacuum system market players?

Major players operating in the global medical vacuum system market include Asahi Kasei ZOLL Medical Corporation, INTEGRA Holdings, Medela AG, Precision Medical, Inc., Dregerwerk, AG & Co KGaA, Allied Healthcare Products Inc. Gardner Denver Holdings, Busch Holdings GmbH, Laerdal Medical, and Air Techniques.

What are the key factors hampering growth of the medical vacuum system market?

Product recall is one of the major factors that is expected to hamper growth of the market over the forecast period.

What are the key factors driving growth of the medical vacuum system market?

Increasing launches of vacuum system by key playersis one of the major factors that is expected to propel growth of the market over the forecast period.

What is the compound annual growth rate (CAGR) of the medical vacuum system market for next 8 years?

The global medical vacuum system market is estimated to exhibit a CAGR of 6.6% over the forecast period.

Which region is dominating themedical vacuum system market growth?

Among regions, Asia Pacific is expected to witness significant growth in the medical vacuum system market, owing to high presence of key manufacturers and suppliers of medical vacuum systems in the region.