Medical Vacuum Systems Market worth $1.6 billion by 2024, at a CAGR of 6.3%

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The global medical vacuum systems market is projected to reach USD 1.6 billion by 2024 from USD 1.1 billion in 2018, at a CAGR of 6.3 % during the forecast period.

(EMAILWIRE.COM, August 21, 2019 ) The Research Report on Medical Vacuum System Market and increasing number of target surgical procedures across major markets, and the rising number of diagnostic imaging procedures. this trend is further supported by technological advancements in vacuum systems, stringent regulatory frameworks mandating the use of vacuum systems,

The adoption of medical vacuum systems is growing across major healthcare market.

the increasing number of target surgical procedures across major markets, and the rising number of diagnostic imaging procedures are driving the growth of the global medical vacuum system market.

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This research report segments the Medical Vacuum System Market based on product type, application, end users, and regions.

Medical Vacuum System Market Based on Product Type;

On the basis of product type, the market is segmented into standalone vacuum systems centralized vacuum systems, portable vacuum systems, and accessories. The standalone vacuum systems segment is expected to hold the largest share of the market mainly due to the huge end-user base for compact/standalone products, high adoption of these systems among dental clinics and research labs, and their advantages in the settings.

Medical Vacuum System Market Based on Application;

On the basis of application, the medical vacuum system market is segmented into pharma-biotech manufacturing, therapeutic applications, diagnostic applications, and research applications. The therapeutic applications segment accounted for the largest share of the market in 2018 due to the rising incidence of dental caries and other periodontal diseases, increasing use of NPWT for diabetic ulcer management, and the increasing number of target medical procedures across major markets.

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Key Market Players in Medical Vacuum System 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 the major players operating in the medical vacuum system market.

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