The Global MedicalVacuum 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 BiotechnologicalCompanies, and Others), by Region (North America, Latin America, Europe, AsiaPacific, Middle East, and Africa), was valued at US$ 1,176.4 million in 2018,and is projected to exhibit a CAGR of 6.6%, during the forecast period(2019-2026), as highlighted in a new report published by Coherent MarketInsights.
Increasing product launchactivities by key players is expected to drive the global medical vacuum systemmarket growth. For instance, in February 2018, BeaconMedaes Lab launched newMSV Rotary Medical Screw Vacuum System. It offers large and efficient vacuumservice to medical and laboratory applications. The systems can help to reducecosts associated with multiple vacuum demands mostly in hospital and laboratorysetting. Furthermore, expansion of business by key players is expected to drivegrowth of global medical vacuum system market. For instance, in January 2016,RGS launched its new subsidiary branchRGS Vacuum Solutions S.r.l. RGS Vacuum Solutions produces industrial vacuumcleaner, powder transfer system, centralized vacuum system, and accessories.Hence, business expansion activities related to manufacturing of vacuum systemswill support the global medical vacuum system market growth.
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Browse 37 Market Data Tables and32 Figures spread through 167 Pages and in-depth TOC on "Medical VacuumSysetm Market, by Product Type (Standalone, Centralized, Portable, and Others),by Technology (Dry Claw Vacuum Pump, Oil-Sealed Liquid Ring, Water-SealedLiquid Ring, Oil-Sealed Rotary vane, and Others), by Application (Diagnostics,Wound Care, Anesthesiology, Gynecology, and Others), by End User (Hospitals andClinics, Diagnostic Centers, Ambulatory Surgical Hospitals, Academic andResearch Institutes, Pharmaceutical and Biotechnological Companies, andOthers), by Region (North America, Latin America, Europe, Asia Pacific, MiddleEast, and Africa) - Global Forecast to 2026"
Increasing number of merger andacquisition activities by key players is expected to drive the global medicalvacuum system market growth. For instance, in July 2015, Nilfisk Group acquiredKerrick, a provider of industrial and commercial cleaning equipment, fordistribution of cleaning equipment such as vacuum cleaners. Nilfisk Group is asupplier of cleaning equipment including vacuum cleaner for industrial as wellas commercial market. Kerrick is a supplier of industrial vacuum equipment.Furthermore, in March 2018, Atlas Copco acquired Walker Filtration Ltd,manufacturer of equipment for the treatment of compressed air, gas and vacuum.
Under this acquisition, thebusiness of Walker Filtration Ltd, has been operated as a part of the MedicalGas division in Atlas Copco’s Compressor Technique business area. Moreover,increasing number of approval activities by regulatory authorities for medicalvacuum system is expected to propel growth of global medical vacuum systemmarket. For instance, in October 2018, ConvaTec Group Plc. received U.S. Foodand Drug Administration (FDA) approval for its negative pressure wound therapysystem Avelle. Avelle is a small, portable, and disposable vacuum system, whichis used for wound healing.
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Key Takeaways of the GlobalMedical Vacuum System Market:
The global medical vacuum systemmarket is expected to witness a CAGR of 6.6% during the forecast period(2019–2026), owing to increasing collaboration activities by key players. Forinstance, in November 2018, Busch LLC collaborated with the Pfeiffer VacuumTechnology AG. Under this collaboration, Busch LLC focuses on developments ofvarious segments such as sales & services, research and development, andimprove the vacuum product line.
Among regions, Asia Pacific is expectedto witness significant growth in the medical vacuum system market, owing tohigh presence of key manufacturers and suppliers of medical vacuum systems inthe region. For instance, majority of key manufacturers and suppliers ofmedical vacuum system such as Medical Corporation, Olympus Corporation, RGSVacuum Solution, Hunan Eter Electronic Medical project Co, Ltd., and Weifang KmElectronics Co, Ltd, belong to Japan, India, and China.
Major players operating in theglobal medical vacuum system market include, Asahi Kasei ZOLL MedicalCorporation, 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
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