Medical Vacuum Systems Market: Global Market Demand and Forecast 2021 – 2027
The global medical vacuum systems market trends are expected to change over the forecast period, attributing to the technological advancements with the increasing medical vacuum pumps adoption for the efficient patient care.
The hefty demands for medical vacuums in the hospitals will strengthen the global medical vacuum systems market size. Medical vacuums in hospitals ease the suction procedures with an intent to remove the undesirable fluids and gases off laboratories and medical environment. Moreover, the surgeries carried out with the help of the medical vacuums are considered to be secure, cleaner and allows the patient to have a proper intake of air thereby boosting the industry growth.
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Reportedly, an increase in the global obesity rate is also anticipated to drive medical vacuum systems market share. The innumerable health risks involved with obesity influences the obese masses to opt for liposuction treatments. The availability of vacuum pumps call for excessive use in liposuction procedures which is expected to impel medical vacuum systems industry share over the forthcoming timeframe.
Alongside, the stringent governing reforms directing the usage of medical vacuum systems is expected to supplement positive influence on the industry outlook. The global medical vacuum systems market size is anticipated to be valued at over USD 2 billion by 2025, as cited by a report by Global Market Insights, Inc.
The growth of centralized vacuum systems globally can be aptly credited to the advancements in the vacuum systems merged with the rising demands for the products across various healthcare institutions. Emendation of the centralized vacuum systems can offer required vacuum to hospitals and medical laboratories with the reduced water supply to further augment the market size.
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The centralized vacuum systems market accounted for over more than 370 million in 2018 and is expected to foresee a lucrative growth in the forthcoming time period.
Meanwhile, the standalone vacuum systems recorded a CAGR of 48 per cent in 2018, owing to the high sterilization offered by the product. This would eventually foster the growth of global medical vacuum systems industry.
The medical vacuum systems finding innumerable applications in the healthcare segment are expected to fuel the market dynamics in the decades to come.
The dental application segment, accounting to prevalence of oral diseases, was valued at over more than 230 million in 2018. Besides, the technological advancements in the segment along with the adoption of medical vacuum in the dental application has fostered the segmental growth whilst complementing the rise of the global medical vacuum systems market.
Additionally, the wound care application sector of the market is predicted to register a CAGR of over 7 per cent through 2025, perhaps attributing to the worldwide occurrence of the chronic diseases and surge in wound incidences.
The mounting demand for medical vacuum systems in laboratories with an intent to manage the environment adds to the growth medical vacuum systems industry from laboratories. Also, the elevating preferences for advanced and portable vacuum systems in the labs will add to the segmental growth. Reports claim that medical vacuum systems market size from laboratories is projected to register a CAGR of 6.5 per cent through 2025.
Further, the increased requirement of advanced vacuum systems in hospitals to carry out various surgical procedures augment the industry growth. The hospital end-use segment of medical vacuum systems market held over more than USD 640 million remuneration in 2018 and has been claimed to rise exponentially over the coming years.
Expediting health concerns and cognizance about several therapeutic diseases viz-a-viz gynecology and dental will bolster the market growth in North America. Moreover, escalating healthcare spending and highly established healthcare infrastructure for the health management would boost the business outlook.
Partial Chapter of the Table of Content
Chapter 2. Executive Summary
2.1. Medical vacuum systems industry 3600 synopsis, 2014 - 2025
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Technology trends
2.1.4. Application trends
2.1.5. End-use trends
2.1.6. Regional trends
Chapter 3. Medical Vacuum Systems Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Increasing number of surgical procedures in developed countries
3.3.1.2. Rising number of diagnostic imaging procedures
3.3.1.3. Technological advancements
3.3.1.4. Growing number of hospital admissions globally
3.3.2. Industry pitfalls and challenges
3.3.2.1. High cost of medical vacuum systems
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By technology
3.4.3. By application
3.4.4. By end-use
3.5. Porter’s analysis
3.6. Competitive landscape, 2018
3.6.1. Strategy dashboard
3.7. PESTEL analysis
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