The Global Medical
Vacuum 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 Biotechnological
Companies, and Others), by Region (North America, Latin America, Europe, Asia
Pacific, 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 Market
Insights.
Increasing product launch
activities by key players is expected to drive the global medical vacuum system
market growth. For instance, in February 2018, BeaconMedaes Lab launched new
MSV Rotary Medical Screw Vacuum System. It offers large and efficient vacuum
service to medical and laboratory applications. The systems can help to reduce
costs associated with multiple vacuum demands mostly in hospital and laboratory
setting. Furthermore, expansion of business by key players is expected to drive
growth of global medical vacuum system market. For instance, in January 2016,
RGS launched its new subsidiary branch
RGS Vacuum Solutions S.r.l. RGS Vacuum Solutions produces industrial vacuum
cleaner, powder transfer system, centralized vacuum system, and accessories.
Hence, business expansion activities related to manufacturing of vacuum systems
will support the global medical vacuum system market growth.
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Browse 37 Market Data Tables and
32 Figures spread through 167 Pages and in-depth TOC on "Medical Vacuum
Sysetm 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 Biotechnological Companies, and
Others), by Region (North America, Latin America, Europe, Asia Pacific, Middle
East, and Africa) - Global Forecast to 2026"
Increasing number of merger and
acquisition activities by key players is expected to drive the global medical
vacuum system market growth. For instance, in July 2015, Nilfisk Group acquired
Kerrick, a provider of industrial and commercial cleaning equipment, for
distribution of cleaning equipment such as vacuum cleaners. Nilfisk Group is a
supplier of cleaning equipment including vacuum cleaner for industrial as well
as 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, the
business of Walker Filtration Ltd, has been operated as a part of the Medical
Gas division in Atlas Copco’s Compressor Technique business area. Moreover,
increasing number of approval activities by regulatory authorities for medical
vacuum system is expected to propel growth of global medical vacuum system
market. For instance, in October 2018, ConvaTec Group Plc. received U.S. Food
and Drug Administration (FDA) approval for its negative pressure wound therapy
system Avelle. Avelle is a small, portable, and disposable vacuum system, which
is used for wound healing.
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Report: https://www.coherentmarketinsights.com/market-insight/medical-vacuum-system-market-2673
Key Takeaways of the Global
Medical Vacuum System Market:
The global medical vacuum system
market is expected to witness a CAGR of 6.6% during the forecast period
(2019–2026), owing to increasing collaboration activities by key players. For
instance, in November 2018, Busch LLC collaborated with the Pfeiffer Vacuum
Technology AG. Under this collaboration, Busch LLC focuses on developments of
various segments such as sales & services, research and development, and
improve the vacuum product line.
Among regions, Asia Pacific is expected
to witness significant growth in the medical vacuum system market, owing to
high presence of key manufacturers and suppliers of medical vacuum systems in
the region. For instance, majority of key manufacturers and suppliers of
medical vacuum system such as Medical Corporation, Olympus Corporation, RGS
Vacuum Solution, Hunan Eter Electronic Medical project Co, Ltd., and Weifang Km
Electronics Co, Ltd, belong to Japan, India, and China.
Major 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
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