According to Latest Market research report Published by MarketsandMarkets the “Medical Vacuum System Market Size, Share, Demand and Growth Analysis, forecast” the Global Market is expected to grow at a CAGR of 6.3% to reach USD 1.6 billion by 2024
Technological advancements in Medical Vacuum System Market, stringent regulatory frameworks mandating the use of vacuum systems, the increasing number of target surgical procedures across major markets, and the rising number of diagnostic imaging procedures are the major factors driving the growth of the global medical vacuum system.
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The adoption of medical vacuum systems is growing across major healthcare markets. This trend is further supported by technological advancements in vacuum systems, stringent regulatory frameworks mandating the use of vacuum systems, the increasing number of targeting surgical procedures across major markets, and the rising number of diagnostic imaging procedures.
Product launches and acquisitions were the most widely adopted growth strategies by market players in the last four years.
key players operating in the Global 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)
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Major Drivers Impacting the Medical Vacuum System Market;
· Technological Advancements in Vacuum Systems
· Stringent Regulatory Frameworks Mandating the Use of Vacuum Systems
· Increasing Number of Target Surgical Procedures Across Major Markets
· Rising Number of Diagnostic Imaging Procedures
Global Medical Vacuum System Market Segmentation:
On the basis of application, the medical vacuum systems market is segmented into pharma-biotech manufacturing, therapeutic applications, diagnostic applications, and research applications. Therapeutic applications are further segmented into dental, wound care, anesthesiology, and gynecology applications.
On the basis of product type, the medical vacuum systems market is segmented into standalone vacuum systems, centralized vacuum systems, portable vacuum systems, and accessories. The standalone vacuum systems segment accounted for the largest share of the medical vacuum systems market in 2018.
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