Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1490.72 Million | USD 2623.06 Million | 6.48% | 2023 |
The global Medical Vacuum Systems market size was worth around USD 1490.72 million in 2023 and is predicted to grow to around USD 2623.06 million by 2032 with a compound annual growth rate (CAGR) of roughly 6.48% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD million). The report covers a forecast and an analysis of the Medical Vacuum Systems market on a global and regional level.
Factors such stringent regulatory frameworks obliging the employment of vacuum systems, technical improvements in vacuum systems, the increasing number of Diagnostic Imaging processes, and the rising number of target surgical processes all over major regions are powering the development of the global market for medical vacuum systems.
In order to drain out gases and unwanted fluids from labs and healthcare facilities medical vacuum systems are used. These systems provide regulated structure through which help medical experts from getting directly in touch with substances which are medically unhygienic. These systems have massive application in draining of fluids from lungs and chests along with preparation of aided wound closures and in draining of lesions.
In-depth secondary research is used to ascertain overall market size, top industry players, top product, industry associations, etc. Macro-economic indicators such as healthcare industry outlook, healthcare spending, research funding, GDP along with company websites, company annual reports, white papers, financial reports and other sources have also been considered to arrive at the indicated market numbers.
The study also includes drivers and restraints for the medical vacuum systems along with the impact they have on the demand over the forecast period. Besides, the report includes the study of opportunities and trends available in the medical vacuum systems market on global level. The growth in prevalence rate of infectious and chronic diseases and rising adoption of medical vacuum systems is supplementing the growth for this market globally. Besides, rising awareness among the population towards the frequency of chronic ailments and its treatment along with the untapped market potentials is providing new growth avenues for medical vacuum system in the forecast period.
The study provides a decisive view on the medical vacuum systems market by segmenting the market based on product, technology, application, end user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on product the market is segmented into portable and compact vacuum systems, centralized vacuum systems, standalone vacuum systems, and others. The standalone vacuum systems accounted for major share of the market in 2023 owing to large user base for these products, and high adoption in research labs and dental clinics.
Based on technology the market is segmented into dry rotary vane technology, water-sealed liquid ring technology, dry claw pump technology, oil-sealed liquid ring technology, and oil-sealed rotary vane technology. The oil-sealed rotary vane technology market held major share of the market in 2023.
Based on application the market is segmented into diagnostic applications, therapeutic applications, pharma & biotech manufacturing, and research applications. The therapeutic applications held major share of the market in 2018 owing growing cases of dental caries and periodontal diseases, and the increasing number of target medical procedures across major markets.
On the basis of end user the market is bifurcated into diagnostic laboratories, hospitals, surgical centers, & ASC’s, pharmaceutical & biotechnology manufacturers, and research laboratories & academic institutes. The hospitals, surgical centers, & ambulatory care centers held major share of the market in 2023 due high demand for vacuum systems and rising number of target procedures conducted annually.
Report Attributes | Report Details |
---|---|
Report Name | Medical Vacuum Systems Market |
Market Size in 2023 | USD 1490.72 Million |
Market Forecast in 2032 | USD 2623.06 Million |
Growth Rate | CAGR of 6.48% |
Number of Pages | 110 |
Key Companies Covered | Olympus Corporation, Atlas Copco AB, Busch Holding GmbH, Laerdal Medical, Gardner Denver Holdings, Ohio Medical Corporation, Precision Medical, Inc., Allied Healthcare Products, Inc., Dragerwerk AG & Co. KGaA, and Asahi Kasei ZOLL Medical Corporation |
Segments Covered | By Product, By Technology, By Application, By End-Use and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Regional segmentation includes the current and forecast demand for Asia Pacific, North America, Latin America, Europe, and Middle East & Africa with its further bifurcation into major countries. North America is predicted to grab the biggest share of the global market for medical vacuum systems majorly owing to strict rules for cleanroom maintenance, surgical protocols & production guidelines, the increasing number of target surgical processes, technical improvements, elevating expenditure healthcare infrastructure in the area, and a rising end-user base.
The report also provides company market share analysis in order to give a broader view of the key players in the market. Industry insights and information is delivered in the required format. ZMR develops a list of industry players (manufacturers), distributors, retailers and industry experts. Some of the players included in medical vacuum systems market are:
Global Medical Vacuum Systems Market: Product Segment Analysis
Global Medical Vacuum Systems Market: Technology Segment Analysis
Global Medical Vacuum Systems Market: Application Segment Analysis
Global Medical Vacuum Systems Market: End User Segment Analysis
Global Medical Vacuum Systems Market: Regional Segment Analysis
FrequentlyAsked Questions
Medical vacuum systems are essential for various healthcare applications, including surgical procedures, wound care, and the management of bodily fluids.
According to study, the Medical Vacuum Systems Market size was worth around USD 1490.72 million in 2023 and is predicted to grow to around USD 2623.06 million by 2032.
The CAGR value of Medical Vacuum Systems Market is expected to be around 6.48% during 2024-2032.
North America has been leading the Medical Vacuum Systems Market and is anticipated to continue on the dominant position in the years to come.
The Medical Vacuum Systems Market is led by players like Olympus Corporation, Atlas Copco AB, Busch Holding GmbH, Laerdal Medical, Gardner Denver Holdings, Ohio Medical Corporation, Precision Medical Inc., Allied Healthcare Products Inc., Dragerwerk AG & Co. KGaA, and Asahi Kasei ZOLL Medical Corporation.
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