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Global Medical Vacuum System Market to Surpass US$ 1.9 Billion by 2026 – Coherent Market Insights

SEATTLE--(BUSINESS WIRE)--

According to Coherent Market Insights, the global vacuum system market 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).

Key Trends and Analysis of Global Medical Vacuum System Market:

Increasing launch of new products is expected to drive the global medical vacuum system market growth. For instance, in June 2019, KNF Neuberger, Inc. launched new vacuum pump NPK 012 Swing-Piston Pump. NPK 012 Swing-Piston Pump is economical, compact, and lightweight vacuum pump for portable devices. Furthermore, in March 2019, Atlas Copco launched its (LRP VSD+) revolutionary plug & play Variable Speed Drive Liquid Ring Vacuum Pump. It is a compact, high-performance, energy efficient vacuum system. This vacuum system is used in the various industries. LRP VSD+ is perfectly suitable in wet, humid, high temperature, and extreme vapor load.

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Thus, new product launches for medical vacuum systems are providing opportunities to manufacturers to meet the rising demand of these medical vacuum systems. Moreover, major players such as Johnson & Johnson Medtronic, Teleflex Incorporated also offer medical vacuum system and have strong position in the medical vacuum systems market.

Moreover, increasing number of approvals by regulatory authority is expected to drive growth of global medical vacuum system market. For instance, in August 2018, SOMAVAC Medical Solution Inc. received approval from the U.S. Food and Drug Administration (FDA) for its wearable post-surgical pump SOMAVAC 100 sustained vacuum system.

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Among regions, Europe is expected to witness significant growth in global medical vacuum system market, owing to increasing product launch activities for medical vacuum systems. For instance, in February 2018, Smith & Nephew manufacturing company launched new vacuum system Pico 7 in European market. Pico7 is single-use negative pressure wound therapy system. It provides efficient vacuum to wound.

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Key Market Takeaways:

  • The global medical vacuum system market is projected to witness a CAGR of 6.6% during the forecast period (2019–2026), owing to increasing collaboration activities by key players. For instance, in July 2016, Sumitomo (SHI) Cryogenics of America, Inc. collaborated with Synergy Systems Corporation. Under this collaboration, Sumitomo (SHI) Cryogenics of America, Inc., expanded the distribution of its Marathon CP Cryopumps in North America.
  • Among regions, Asia Pacific is expected to witness significant growth in global medical vacuum system market, owing to increasing product launch activities by key players. For instance, in December 2018, Ebara Corporation launched 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 food and coating industries.
  • 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.

Report Segmentation:

  • Global Medical Vacuum System Market, By Product Type:
    • Standalone
    • Centralized
    • Portable
    • Others
  • Global Medical Vacuum System Market, By Technology:
    • Dry Claw Vacuum Pump
    • Oil-sealed Liquid Ring
    • Water-Sealed Liquid Ring
    • Oil-Sealed Rotary Vane
    • Others
  • Global Medical Vacuum System Market, By Application:
    • Diagnostics
    • Wound Care
    • Anesthesiology
    • Gynecology
    • Others
  • Global Medical vacuum System Market, By End User Type:
    • Hospitals and Clinics
    • Diagnostic Centers
    • Ambulatory Surgical Hospitals
    • Research and Academic Institutes
    • Pharmaceutical and Biotechnological Companies
    • Others
  • Global Medical vacuum System Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • By Country/Region:
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20190910005521/en/