The global medical vacuum system market size was valued at USD 1290.3 million in 2023 and is anticipated to reach USD 1690.5 Million by 2028, growing at a CAGR of 4.3% from 2023 to 2028.
Impact of COVID-19 on the medical vacuum system market:
The COVID-19 pandemic has positively impacted the healthcare system, and there are increasing opportunities in the healthcare sector. New technologies were developed and increased research and development activities in the healthcare sector were noticed in the COVID-19 pandemic. These all contribute to the overall growth of the healthcare sector. There was an emerging need for quality suction equipment, such as the medical vacuum system, a critical part of patient care and a potential saving system. This system helped to make surgery faster, safer, and cleaner and helps patients to breathe more easily. Considering medical vacuum systems' benefits, the demand for these systems has skyrocketed during the COVID-19 pandemic. Medical vacuum systems have significantly helped healthcare facilities in the fight against COVID-19 during the crisis. The growing number of regulatory product approvals for medical suction devices during the COVID-19 pandemic further helped various key market players to increase their product sales. During the COVID-19 pandemic, medical vacuum systems played a crucial role in creating a safe, hygienic environment by efficiently removing infectious particles, aerosols and waste from patient areas, operating rooms, and laboratories. The medical vacuum system equipped with advanced filtration and disinfection technologies helped to minimize the risk of spreading the virus within healthcare settings, as this system was associated with many benefits. The global medical vacuum system market is likely to register healthy growth during the forecast period.
MARKET DRIVERS:
The emerging demand for technologically advanced and superior-quality medical vacuums is one of the major factors propelling the medical vacuum system market. Recently introduced medical vacuum systems produce a suction system to safely evacuate unwanted fluids and gases to maintain sterility during procedures. High-end medical vacuum systems frequently include cutting-edge filtration and disinfection techniques. These systems eliminate infectious waste, aerosols, and airborne pathogens from patient areas, surgical rooms, and laboratories, lowering the risk of nosocomial infections and cross-contamination. These devices are extremely significant because of their enhanced safety and infection control capabilities, particularly considering the COVID-19 pandemic and other infectious diseases.
The growing prevalence of chronic diseases worldwide further boosts the market growth. The patient population suffering from chronic diseases such as diabetes, cancer and other infectious diseases is rapidly growing worldwide. The rapid adoption of sedentary lifestyles and lack of physical inactivity among people could be the potential factors contributing to the growing prevalence of chronic diseases. An estimated 422 million people worldwide have diabetes, according to the CDC. Owing to the growing chronic disease patient population worldwide, the need for medical vacuum systems is rising.
The growing number of targeted surgical procedures further fuels the growth rate of the medical vacuum system market. Medical vacuum systems play a crucial role in creating a clear surgical field by efficiently removing smoke, fluids, and debris to ensure optimal visibility for surgeons during these procedures. The growing demand for specialized surgical procedures such as neurosurgery, orthopedics, urology and gynecology and the rapid adoption of targeted surgical procedures in these specialties contributes to the global market growth.
Factors such as technological advancements, stringent regulatory frameworks mandating the use of vacuum systems and an increasing number of diagnostic imaging procedures further drive the growth of the medical vacuum system market.
MARKET RESTRAINTS:
The high initial installation and maintenance costs associated with the medical vacuum systems significantly impede market growth. Stringent regulatory requirements and compliance issues, poor awareness and understanding of advanced vacuum technologies and lack of skilled technicians for system maintenance and troubleshooting hinder the market growth. Infrastructure limitations in healthcare facilities, limited reimbursement policies for vacuum system investments and reliance on traditional vacuum methods impede the adoption of advanced systems and the market’s growth rate. Complex procurement processes and budget constraints, compatibility issues with existing hospital infrastructure and concerns over infection control and maintenance of hygienic conditions further challenge the market growth.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022 to 2028 |
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Base Year |
2022 |
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Forecast Period |
2023 to 2028 |
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Segments Analysed |
By Product, Technology, Application and Region |
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Various Analyses Covered |
Global, Regional and country Level Analysis, Segment-Level Analysis; DROC, PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Analysed |
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa |
This research report on the medical vacuum system market has been segmented and sub-segmented based on the product, technology, application and region.
Medical Vacuum System Market – By Product:
Based on the product type, the standalone vacuum system segment led the market in 2022 and is anticipated to continue to dominate the market during the forecast period. Standalone vacuum systems are highly preferred during dental surgeries. Standalone vacuum systems are more mobile and adaptable. Based on requirements, they can be erected and moved into various locations around a healthcare institution because they are self-contained units. The growing demand for portable solutions in healthcare environments such as ambulatory surgical centers, clinics, and mobile healthcare units primarily drives the growth of the standalone vacuum system segment.
The portable vacuum system is another lucrative segment among all and is estimated to witness the fastest CAGR during the forecast period. The mobility and flexibility, point-of-care uses, remote and rural healthcare, emergency and disaster recovery, home healthcare and ambulatory settings, technological advancements and an aging population with chronic diseases are some of the major factors propelling the growth of the portable vacuum system segment. The development and widespread use of portable vacuum systems in different medical environments further contribute to the segmental growth.
Medical Vacuum System Market – By Technology:
Based on technology, the oil-sealed liquid ring technology segment is anticipated to hold the leading share of the global market during the forecast period. Under the most difficult circumstances, an oil-sealed liquid ring vacuum system can offer the highest level of dependability. Due to the lack of moving parts, these extremely effective devices are typically simple to maintain. The lack of metal-on-metal contact between the impeller and casing is advantageous and makes the oil-sealed liquid ring technology the most convenient option for healthcare facilities. These can also operate with no additional internal lubrication.
The dry rotary wane technology segment is expected to grow at a noteworthy CAGR in the coming years. Dry rotary wane technology has an extended lifespan, low vibration, high efficiency, and low energy use of dry rotary vanes. The benefits that dry rotary wane technology offers drive segmental growth.
Medical Vacuum System Market – By Application:
Based on application, the diagnostics segment is anticipated to hold the largest share of the global market period. The growing preference for portable and advanced medical vacuum systems during surgical procedures majorly propels the growth of the diagnostics segment.
The therapeutic segment had a considerable share of the worldwide market in 2022 and is estimated to grow at a notable CAGR in the coming years.
Medical Vacuum System Market – By Region:
Based on region, North America held the largest share of the worldwide market in 2022 and the domination of the North American region is anticipated to continue throughout the forecast period. The growing patient awareness of infectious diseases, the presence of a well-established healthcare system and the availability of a favorable reimbursement system drive the growth of the North American market. High healthcare spending and rising awareness among patients and healthcare professionals regarding cutting-edge medical vacuums further fuel the growth rate of the North American market. The U.S. is predicted to hold the leading share of the North American market in the coming years owing to the presence of strong healthcare infrastructure and established major players.
The Asia-Pacific is estimated to occupy the second-largest share of the global market during the forecast period. Factors such as the growing patient population suffering from periodontal disorders, diabetic foot, pressure ulcers and infections majorly contribute to the regional market growth. The rapidly growing healthcare sector, increasing number of medical procedures and surgeries, technological advancements and increasing healthcare expenditure propel the APAC market growth.
Europe is a notable regional market for medical vacuum systems worldwide and is expected to capture a substantial share of the worldwide market during the forecast period. Factors such as robust healthcare infrastructure with a high emphasis on patient care, rising awareness about infection prevention and control measures and rapid adoption of advanced medical technologies and equipment drive the growth of the European market. The growing investments in healthcare research and development and the rising prevalence of chronic diseases further drive the European market growth.
The Latin America region accounted for a considerable share of the global market in 2022 and is expected to grow at a healthy CAGR during the forecast period. The growing healthcare costs, increasing improvements in the healthcare infrastructure, rising emphasis on infection control, medical tourism, legislation and regulations, growing burden of chronic diseases and technological advancements support the Latin American market growth.
The Middle East and Africa is anticipated to hold a moderate global market share in the coming years.
KEY MARKET PLAYERS:
Allied Healthcare Products, Inc., Medala AG, Air Techniques, Laerdal Medical, Atlas Copco AB., Gardner Denver, INTEGRA Biosciences AG, Medicop, Olympus Corporation and Precision Medical, Inc. are some of the major players in the global medical vacuum system market.
RECENT MARKET DEVELOPMENTS:
Frequently Asked Questions
The medical vacuum system market is experiencing notable growth across regions such as North America, Europe, and the Asia Pacific. Emerging economies in the Asia Pacific are showing rapid expansion due to increased healthcare spending and infrastructure development.
The medical vacuum system market is primarily driven by the increasing demand for advanced healthcare facilities, a rise in surgical procedures, stricter regulations for healthcare infrastructure, and a growing focus on infection control measures within medical environments.
The market features a mix of established companies with a strong reputation and newer players offering innovative solutions. Established companies often focus on reliability and compliance, while newer entrants might emphasize technology-driven features.
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