Medical Vacuum Systems Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.10 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Medical Vacuum Systems Market Analysis
The global medical vacuum system market is anticipated to grow with a CAGR of nearly 6.1% during the forecast period. Increasing utilization of vacuum systems in numerous applications including infectious and chronic disease, wound care and periodontal treatment is anticipated to drive the market growth over the forecast period.
Growing demand for technologically advanced and superior quality medical vacuums for installation in hospital settings will favor industry growth. Technology advancement such as vacuum systems with integrated NFPA 99 requirements is expected to have a positive impact on the demand for medical vacuum systems. Moreover, several advantages of high-end medical vacuum systems including safe removal of undesirable fluids and gases to ensure sterility during surgical intervention will render positive impact on the industry growth. However, high cost of medical vacuum systems and difficulty in maintaining the device may hinder the growth of the global medical vacuum systems market.
Medical Vacuum Systems Market Trends
This section covers the major market trends shaping the Medical Vacuum System Market according to our research experts:
Wound Care Segment Dominates the Market and is Expected to Continue the Same during the Forecast Period
Wound care is expected to dominate of the global medical vacuum systems market through the forecast period. Rising incidence of localized injury to the skin and underlying tissue results in conditions, such as pressure ulcers, bed sores, and diabetic foot which is acting as a high impact rendering factor for this segment's growth. As per the study published - 'The humanistic and economic burden of chronic wounds', chronic wounds affect over 5.7 million patients in the U.S. alone and are estimated to cost USD 20 billion annually, thus impacting the segment growth positively.
Vacuum device decreases air pressure on the wound. This can help the wound heal more quickly by draining excess fluid from the wound and increasing blood flow to your wound. Advancements in vacuum systems deliver better relief to patients and hence, act as high impact rendering drivers for the segment.
The North America Dominates the Market and is Expected to Continue the Same during the Forecast Period
North america dominates the market due to the sophisticated healthcare system, favorable reimbursement system, and increased patient awareness levels about infectious disease is poised for growth in this region. In addition, high healthcare spending in this region has contributed to the further development of the healthcare sector. Furthermore, the increased utility of the products related to injury care is nurturing the growth of this vertical.
Asia Pacific is anticipated to witness grow with a lucrative rate over the forecast period. The target population comprising individuals with periodontal disorders, diabetic foot, pressure ulcers, and infections is on the rise in these developing regions. This provides avenues for players in this vertical to carry out campaigns and awareness programs with regards to disease treatment thereby increasing product penetration in the regional verticals.
Medical Vacuum Systems Industry Overview
The market for medical vacuum system is highly competitive and consists of the global as well as local players. Due to the technological advancements, small and mid-sized companies are focusing on market penetration to grab the market share. Some of the companies which are currently present in the market are Atlas Copco, Gardner Denver, Air Techniques, Allied Healthcare Products, Busch Group, ConvaTec, Drägerwerk, INTEGRA Biosciences, Laerdal Medical, Medela and Medicop. New product launches, collaborations, mergers, and acquisitions are the key initiatives undertaken by the leading players in this vertical to sustain the competition. For instance, In February 2018, Gardner Denver acquired Runtech systems to expand the technology to broader flow control, vacuum and pressure systems, and services to drive future profitable growth.
Medical Vacuum Systems Market Leaders
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Atlas Copco AB
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Busch Group
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INTEGRA Biosciences AG.
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Gardner Denver, Inc.
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Olympus Corporation
*Disclaimer: Major Players sorted in no particular order
Medical Vacuum Systems Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Prevalence of Chronic and Infectious Diseases
- 4.2.2 Chronic Ailments Awareness Programs and Services
- 4.2.3 Increasing Adoption of High-end Technologies in Patient Care
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4.3 Market Restraints
- 4.3.1 High Cost of Medical Vacuum Systems
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Product
- 5.1.1 Standalone Vacuum Systems
- 5.1.2 Centralized Vacuum Systems
- 5.1.3 Portable/Compact Vacuum Systems
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5.2 By Application
- 5.2.1 Wound Care
- 5.2.2 Anesthesiology
- 5.2.3 Gynecology
- 5.2.4 Dental
- 5.2.5 Respiratory
- 5.2.6 Others
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5.3 By End Use
- 5.3.1 Hospitals
- 5.3.2 Laboratories
- 5.3.3 Others
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle-East and Africa
- 5.4.4.1 GCC
- 5.4.4.2 South Africa
- 5.4.4.3 Rest of Middle-East and Africa
- 5.4.5 South America
- 5.4.5.1 Brazil
- 5.4.5.2 Argentina
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Air Techniques
- 6.1.2 Allied Healthcare Products Inc.
- 6.1.3 Atlas Copco AB
- 6.1.4 Busch Group
- 6.1.5 ConvaTec Inc.
- 6.1.6 Drgerwerk AG & Co. KGaA
- 6.1.7 EBARA
- 6.1.8 Gardner Denver, Inc.
- 6.1.9 INTEGRA Biosciences AG.
- 6.1.10 Laerdal Medical
- 6.1.11 Medela AG
- 6.1.12 Medicop
- 6.1.13 Olympus Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Medical Vacuum Systems Industry Segmentation
As per the scope of the report, medical vacuum systems refer to the systems used to offer suction to unwanted fluids, and gases from laboratory and medical environments. These systems also offer a controlled framework through which medical specialists protect themselves from coming to contact with medically unhealthy substances. The medical vacuum systems are used in draining wounds, preparing assisted wound closures, lung and chest drainages, and others. medical vacuum systems market is segmented by product type, application, end-use and geography.
| By Product | Standalone Vacuum Systems | |
| Centralized Vacuum Systems | ||
| Portable/Compact Vacuum Systems | ||
| By Application | Wound Care | |
| Anesthesiology | ||
| Gynecology | ||
| Dental | ||
| Respiratory | ||
| Others | ||
| By End Use | Hospitals | |
| Laboratories | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle-East and Africa | GCC |
| South Africa | ||
| Rest of Middle-East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Medical Vacuum Systems Market Research FAQs
What is the current Medical Vacuum System Market size?
The Medical Vacuum System Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)
Who are the key players in Medical Vacuum System Market?
Atlas Copco AB, Busch Group , INTEGRA Biosciences AG. , Gardner Denver, Inc. and Olympus Corporation are the major companies operating in the Medical Vacuum System Market.
Which is the fastest growing region in Medical Vacuum System Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Medical Vacuum System Market?
In 2024, the North America accounts for the largest market share in Medical Vacuum System Market.
What years does this Medical Vacuum System Market cover?
The report covers the Medical Vacuum System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical Vacuum System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Medical Vacuum System Industry Report
Statistics for the 2024 Medical Vacuum System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Medical Vacuum System analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
