About Medical Vacuum System
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. It is widely used in assisted wound closures, draining wounds and preparing assisted wound closures. Growing incidence of dental caries and other periodontal diseases, increasing the use of NPWT for diabetic ulcer management, and others are propelling the growth of the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.2% |
Competition among existing players is due to the Medical Vacuum System market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Medical Vacuum System Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Vacuum System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage. Additionally, the Players which are also part of the research coverage are Air Techniques (United States), Laerdal Medical (Norway), Precision Medical, Inc. (United States), Medicop (Slovenia), Ohio Medical Corporation (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Medical Vacuum System market by Type (Positive Displacement Vacuum Pumps, Momentum Transfer Vacuum Pumps and Entrapment Vacuum Pumps) 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). North America region held largest market share in the year 2023. If we see Market by End Users, the sub-segment i.e. Hospital 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 Technology, the sub-segment i.e. Dry Claw Vacuum Pump will boost the Medical Vacuum System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Spending On Healthcare Structure Worldwide
Market Growth Drivers:
Stringent Regulatory Frameworks Mandating the Use of Vacuum Systems, Increasing Number of Target Surgical Procedures across Major Markets and Rising Number of Diagnostic Imaging Procedures
Challenges:
Lack of awareness of Medical Vacuum System in Developing Region
Restraints:
Issue related to the High Cost of Medical Vacuum System Products
Opportunities:
Increasing Demand from Emerging Economies such as China and India, Government Initiatives to Expand the Medical Vacuum System Market and Strong Opportunity in Diagnostic Labs, owing to the Increasing Number of Diagnostic Imaging Procedures Globally
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 Audience
Manufacturers of Medical Vacuum System, Traders, Distributors, and Suppliers of Medical Vacuum System, Raw Material Suppliers, Government and Research Organizations and Industry Associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.