MEDICAL VACUUM SYSTEM MARKET ANALYSIS

Medical Vacuum System Market Insights

The medical vacuum system is designed to remove unwanted fluids such as blood and mucus during surgeries and removal of unwanted gases from hospitals and laboratories. Medical vacuum system is considered as an essential part of healthcare facilities. These systems are used in draining wounds, preparation of wound closures, lung and chest drainage, liposuction, and cleaning of endotracheal tubes.

Global medical vacuum system market was valued at US$ 1,176.4 million in 2018, and is expected to witness a CAGR of 6.6% during the forecast period (2019 – 2026).

Figure 1. Global Medical Vacuum System Market Share, By Technology Type (2018 & 2026)

To learn more about this report, request sample copy

Source: Coherent Market Insights Analysis (2019)

Key players are focused on launching new products, which is expected to drive the global medical vacuum system market growth.

New launches of vacuum system by key players is expected to drive the global medical vacuum system market growth. For instance, in September 2017, Edward launched new air-cooled nXLi dry vacuum pump. The nXLi dry vacuum pump enables vacuum system to achieve an enhanced performance from single phase power supply. It is available in two types such as nXL110i and nXL200i and both are used in the liquid chromatography-mass spectrometry (LCMS) and inductively coupled plasma mass spectrometry (ICPMS)

Furthermore, in January 2016, Beacon Medaes launched new oil-less rotary vane vacuum system. It has new features such as touch screen control with an embedded web server and space saving design. Oil-less rotary vane vacuum system provides the ideal medical solutions to surgical centers for removal of unwanted body fluids during surgeries.

However, product recall is a major restraining factor for growth of the global medical vacuum system market. For instance, in September 2018, Vyaire Medical, Inc. received product recall alert from the U.S. Food and Drug Administration (FDA) for Tri-Flo Subglottic Suction System. The system was recalled due to the risk of device breakage during surgery, which may cause serious injury or death of patient.

Global Medical Vacuum System Market- Regional Analysis

Regional segmentation of the global medical vacuum system market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America medical vacuum market is expected to witness significant growth, owing to increasing approval activities by regulatory authorities. For instance, in August 2018, SOMAVAC Medical Solution Inc. received approval from the U.S. FDA for its wearable post-surgical pump SOMAVAC 100 sustained vacuum system. It is a closed suction drain device and is used in closed wound surgeries.

Moreover, Europe is expected to witness significant growth in the global medical vacuum system market, owing to increasing product launch activities of medical vacuum system. For instance, in February 2018, Smith & Nephew manufacturing company launched new vacuum system Pico 7 in European market. Pico 7 is single-use, negative pressure wound system, which provides better vacuum. It is a portable device.

Furthermore, Asia Pacific is projected to witness significant growth in the global medical vacuum system market, owing to increasing launch of new medical vacuum systems. For instance, in December 2018, Ebara Corporation launched its new air-cooled dry vacuum pump model EV-PA, which creates a cleaner vacuum environment. It can be used for analytical instruments, medical equipment, and in the food and coating industries.

Figure 2: Global Medical Vacuum System Market Value (US$ Mn), By Region, 2018

To learn more about this report, request sample copy

Source: Coherent Market Insights Analysis (2019)

Global Medical Vacuum System Market - Competitive Landscape

Key players operating in the global medical vacuum system market include Asahi Kasei ZOLL Medical Corporation, 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.