Medical Vacuum System Market will generate new growth opportunities 2021-2028 | Asahi Kasei ZOLL Medical Corporation, INTEGRA Holdings, Medela AG

The global medical vacuum system market is expected to expand as key players increase their product launch activities. For example, BeaconMedaes Lab introduced the MSV Rotary Medical Screw Vacuum System in February 2018. It provides medical and laboratory applications with a broad and effective vacuum service. The systems can help hospitals and laboratories save money by reducing the costs associated with numerous vacuum demands. Furthermore, the expansion of key players' businesses is expected to propel the global medical vacuum system market forward. RGS, for example, launched its new subsidiary branch RGS Vacuum Solutions S.r.l. in January 2016. Commercial vacuum cleaners, powder transfer systems, centralized vacuum systems, and accessories are all manufactured by RGS Vacuum Solutions. As a result, business expansion activities related to vacuum system manufacturing will aid the global medical vacuum system market's growth.

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The global medical vacuum system market is expected to expand due to an increase in merger and acquisition activity by key players:

Nilfisk Group, for example, purchased Kerrick, a manufacturer of industrial and commercial cleaning equipment, in July 2015 for the distribution of cleaning equipment such as vacuum cleaners. The Nilfisk Group manufactures cleaning products, such as vacuum cleaners, for both the industrial and commercial markets. Kerrick is a manufacturer and distributor of commercial vacuum equipment. Atlas Copco also acquired Walker Filtration Ltd, a manufacturer of compressed air, gas, and vacuum treatment equipment, in March 2018. Walker Filtration Ltd's operations have been integrated into Atlas Copco's Compressor Technique business area's Medical Gas division as a result of this acquisition.

Furthermore, the growing number of regulatory approval activities for medical vacuum systems is expected to propel the global medical vacuum system market forward. ConvaTec Group Plc., for example, obtained FDA approval for its Avelle negative pressure wound therapy device in October 2018. Avelle is a disposable vacuum machine that is lightweight, compact, and easy to use.

Key Takeaways:

Due to increased collaboration activities by key players, the global medical vacuum system market is expected to grow at a CAGR of 6.6 percent during the forecast period (2019–2026). Busch LLC, for example, partnered with Pfeiffer Vacuum Technology AG in November 2018.

Busch LLC will concentrate on different segments such as sales and services, research and development, and improving the vacuum product line as part of this partnership.

Due to the high presence of key manufacturers and suppliers of medical vacuum systems in the region, Asia Pacific is expected to see significant growth in the medical vacuum system market. Medical Corporation, Olympus Corporation, RGS Vacuum Solution, Hunan Eter Electronic Medical Project Co, Ltd., and Weifang Km Electronics Co, Ltd. are only a few of the major manufacturers and suppliers of medical vacuum systems from Japan, India, and China.

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