The Global Medical Vacuum Systems Market is projected to reach USD 1.6 billion by 2024, at a CAGR of 6.3 % during the forecast period.
Factors such technological advancements in vacuum systems, stringent regulatory frameworks mandating the use of vacuum systems, the increasing number of the target surgical procedures across major markets and the rising number of diagnostic imaging procedures are driving the growth of the global Medical Vacuum Systems Market.
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Medical Vacuum Systems Market segmentation:
· based on product type
· based on application
· based on end users
· based on regions.
An analysis of market developments has revealed that several growth strategies, such as product launches, product approvals, acquisitions, expansions, and agreements, were adopted by market players to strengthen their product portfolios and maintain a competitive position in the Medical Vacuum Systems Market. Product launches and acquisitions were the most widely adopted growth strategies by market players in the last four years.
The Major Players Operating in the Medical Vacuum Systems Market:
Atlas Copco AB (Sweden), Gardner Denver Holdings (US), Busch Holding GmbH (Germany), Drägerwerk AG & Co. KGaA (Germany), Asahi Kasei ZOLL Medical Corporation (Japan), Olympus Corporation (Japan), ConvaTec (UK), INTEGRA Holdings (US), Allied Healthcare Products Inc. (US), Medela AG (Switzerland), Air Techniques (US), Laerdal Medical (Norway), Precision Medical, Inc. (US), Medicop (Slovenia), and Ohio Medical Corporation (US) are some major players in the global Medical Vacuum Systems Market.
Atlas Copco AB (Sweden) is one of the leading companies in the field of medical vacuum systems and pumps. It develops, manufactures, and sells oil-lubricated rotary vane pumps, oil-sealed vacuum pumps, and other related accessories. Atlas Copco has strengthened its presence in the Medical Vacuum Systems Market through growth strategies such as product launches, acquisitions, and expansions.
Geographical Detailed Analysis for Medical Vacuum Systems Market:
North America accounted for the largest share of the market in 2018.
The dominant position of this region in the medical vacuum systems industry is due to technology advancements; cleanroom mandates, manufacturing guidelines, and surgical protocols; increased number of target medical procedures and trauma cases; a growing number of end users; the rising number of diagnostic imaging procedures; and rising expenditure healthcare infrastructure in the country.
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