[158 Pages Report] The Medical Vacuum System Market is estimated to grow at a CAGR of 6.3% to reach USD 1.6 billion by 2024 from USD 1.1 billion in 2018. Factors such technological advancements in vacuum systems, 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 driving the growth of the global medical vacuum systems market.
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 aforementioned settings.
On the basis of application, the global medical vacuum systems industry 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.
On the basis of end user, the market is segmented into hospitals, surgical centers, and ambulatory care centers; diagnostic laboratories; pharmaceutical and biotechnology manufacturers; and research laboratories and academic institutes. Hospitals, surgical centers, and ambulatory care centers accounted for the largest share of this market, primarily due to the high demand for vacuum systems and a growing number of target procedures conducted annually. This, in turn, is attributed to technological advancements such as device miniaturization and the procedural efficiency of vacuum systems in this application area.
This report covers the medical vacuum systems market across five major geographies North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to command the largest share of the medical vacuum systems market mainly due to stringent regulatory norms for cleanroom maintenance, manufacturing guidelines and surgical protocols, technological advancement, the rising number of target surgical procedures, a growing end-user base, and increasing expenditure healthcare infrastructure in the region.
Atlas Copco AB (Sweden), Gardner Denver Holdings (US), Busch Holding GmbH (Germany), Drδgerwerk 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 systems market.
Report Metric |
Details |
Market Size Available for Years |
20172024 |
Base Year Considered |
2017 |
Forecast Period |
20182024 |
Currency Used |
Value (USD Million) |
Segments Covered |
Product Type, Technology, Application, End User, and Region |
Geographies Covered |
North America, Europe, the Asia Pacific, Latin America, Middle East & Africa |
Companies Covered |
15 major players, including Atlas Copco AB (Sweden), Gardner Denver Holdings (US), Busch Holding GmbH (Germany), Drδgerwerk AG & Co. KGaA (Germany), and Asahi Kasei ZOLL Medical Corporation (Japan) |
In this report, the global medical vacuum systems market has been segmented based on product type, technology, application, end user, and region.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 17)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency Used for the Study
1.5 Market Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.1.1 Secondary Research
2.1.2 Primary Research
2.2 Market Estimation Methodology
2.2.1 Revenue-Based Market Estimation
2.2.2 Usage Pattern-Based Market Estimation
2.2.3 Primary Research Validation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.5 Research Limitations
3 Executive Summary (Page No. - 30)
4 Premium Insights (Page No. - 35)
4.1 Medical Vacuum Systems: Market Overview
4.2 Medical Vacuum Systems Market, By Product Type, 2018 vs 2024 (USD Million)
4.3 Medical Vacuum Systems Market, By Technology, 2018 vs 2024 (USD Million)
4.4 Medical Vacuum Systems Market, By Application, 2018 vs 2024 (USD Million)
4.5 Medical Vacuum Systems Market, By End User, 2018 vs 2024 (USD Million)
4.6 Medical Vacuum Systems Market: Geographical Snapshot
5 Market Overview (Page No. - 40)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Technological Advancements in Vacuum Systems
5.2.1.2 Stringent Regulatory Frameworks Mandating the Use of Vacuum Systems
5.2.1.3 Increasing Number of Target Surgical Procedures Across Major Markets
5.2.1.4 Rising Number of Diagnostic Imaging Procedures
5.2.2 Restraints
5.2.2.1 High Cost of Products
5.2.3 Opportunities
5.2.3.1 Emerging Markets
5.2.4 Challenges
5.2.4.1 Procedural Limitations
6 Medical Vacuum Systems Market, By Product Type (Page No. - 45)
6.1 Introduction
6.2 Standalone Vacuum Systems
6.2.1 Standalone Systems Feature Compact Size and Low Energy Requirements
6.2.2 Standalone Vacuum Systems Market Split, By Technology
6.2.3 Standalone Vacuum Systems Market Split, By Application
6.2.4 Standalone Vacuum Systems Market Split, By Therapeutic Applications
6.2.5 Standalone Vacuum Systems Market Split, By End User
6.3 Centralized Vacuum Systems
6.3.1 Product Affordability and Efficiency to Drive Market Growth
6.3.2 Centralized Vacuum Systems Market Split, By Technology
6.3.3 Centralized Vacuum Systems Market Split, By Application
6.3.4 Centralized Vacuum Systems Market Split, By Therapeutic Applications
6.3.5 Centralized Vacuum Systems Market Split, By End User
6.4 Portable and Compact Vacuum Systems
6.4.1 Adoption of Portable and Compact Vacuum Systems Will Be High in Respiratory and Emergency/Trauma Care Settings
6.4.2 Portable and Compact Vacuum Systems Market Split, By Technology
6.4.3 Portable and Compact Vacuum Systems Market Split, By Application
6.4.4 Portable and Compact Vacuum Systems Market Split, By Therapeutic Applications
6.4.5 Portable and Compact Vacuum Systems Market Split, By End User
6.5 Accessories
6.5.1 Increasing Installation of Vacuum Systems Will Propel the Demand for Accessories
6.5.2 Medical Vacuum System Accessories Market Split, By Technology
6.5.3 Medical Vacuum System Accessories Market Split, By Application
6.5.4 Medical Vacuum System Accessories Market Split, By Therapeutic Applications
6.5.5 Medical Vacuum System Accessories Market Split, By End User
7 Medical Vacuum Systems Market, By Technology (Page No. - 59)
7.1 Introduction
7.2 Oil-Sealed Rotary Vane Technology
7.2.1 High Operational Stability has Ensured the Adoption of Oil-Sealed Rotary Vane Systems
7.3 Dry Rotary Vane Technology
7.3.1 Lack of Lubrication and Sewage Costs Minimizes Need for Maintenance in Dry Rotary Vane Systems
7.4 Dry Claw Vacuum Pump Technology
7.4.1 High Installation Costs May Hinder Market Growth
7.5 Oil-Sealed Liquid Ring Technology
7.5.1 Oil-Sealed Liquid Ring Systems Find High Use in Hospital & Lab Cleanrooms
7.6 Water-Sealed Liquid Ring Technology
7.6.1 Low Maintenance and Operation Costs are Driving Market Growth
8 Medical Vacuum Systems Market, By Application (Page No. - 67)
8.1 Introduction
8.2 Therapeutic Applications
8.2.1 Anesthesiology Applications
8.2.1.1 Anesthesiology Applications Hold the Largest Share of the Therapeutic Applications Market
8.2.2 Wound Care Applications
8.2.2.1 Rising Diabetes & Chronic Wound Incidence Will Drive Market Growth
8.2.3 Gynecology Applications
8.2.3.1 Dearth of Technicians in Rural Areas May Hinder Market Growth
8.2.4 Dental Applications
8.2.4.1 High Use of Advanced Vacuum Products and Demand for Cosmetic Dentistry Have Sustained the Demand for Market Products
8.3 Pharma-Biotech Manufacturing
8.3.1 Regulatory Guidelines Have Driven the Use of Vacuum Systems in Pharma-Biotech Applications
8.4 Diagnostic Applications
8.4.1 Increasing Number of Diagnostic Laboratories Will Accelerate the Adoption of Vacuum Systems
8.5 Research Applications
8.5.1 Centralized and Independent Vacuum Systems Find High Use in Research Applications
9 Medical Vacuum Systems Market, By End User (Page No. - 78)
9.1 Introduction
9.2 Hospitals, Surgical Centers, and Ambulatory Care Centers
9.2.1 Growing Demand for Surgeries Will Boost Market Growth
9.3 Pharmaceutical and Biotechnology Manufacturers
9.3.1 Favorable Regulations and Technological Advancements Have Contributed to Market Growth
9.4 Diagnostic Laboratories
9.4.1 Increasing Number of Diagnostic Procedures Will Boost the Demand for Vacuum Pumps
9.5 Research Laboratories and Academic Institutes
9.5.1 Growth in Research Activity Will Support the Demand for Vacuum System in Laboratories
10 Medical Vacuum Systems Market, By Region (Page No. - 84)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 The US is the Largest Market for Medical Vacuum Systems
10.2.2 Canada
10.2.2.1 High Burden of Chronic Diseases to Drive Market Growth in Canada
10.3 Europe
10.3.1 Germany
10.3.1.1 Increasing Healthcare Expenditure in Germany to Drive Market Growth
10.3.2 France
10.3.2.1 Presence of Stringent Regulations on Cleanroom and Drug Dispensing Requirements Will Boost Market Growth
10.3.3 UK
10.3.3.1 Stringent Regulations By the Mhra to Drive the Adoption of Advanced Vacuum Technologies in the UK
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.1.1 Significant Growth in the Geriatric Population to Drive the Demand for Medical Vacuum Systems in Japan
10.4.2 China
10.4.2.1 Rising Prevalence of Chronic Respiratory Diseases to Drive Market Growth in China
10.4.3 India
10.4.3.1 Growing Pharmaceutical and Biotechnology Industries to Promote the Growth of the Medical Vacuum Systems Market in India
10.4.4 Rest of Asia Pacific
10.5 Latin America
10.5.1 Brazil
10.5.1.1 Rapid Increase in the Geriatric Population to Drive the Growth of the Medical Vacuum Systems Market in Brazil
10.5.2 Mexico
10.5.2.1 High Rate of Obesity and the Rising Prevalence of Respiratory Diseases to Drive the Demand for Medical Vacuum Systems in Mexico
10.5.3 Rest of Latin America
10.6 Middle East & Africa
10.6.1 Ongoing Infrastructure Development Activities to Drive Market Growth in the MEA Region
11 Competitive Landscape (Page No. - 117)
11.1 Introduction
11.2 Competitive Leadership Mapping
11.2.1 Terminology/Nomenclature
11.2.1.1 Visionary Leaders
11.2.1.2 Innovators
11.2.1.3 Dynamic Differentiators
11.2.1.4 Emerging Companies
11.3 Competitive Scenario (2015-2019)
11.4 Market Share Analysis of Key Players (2017)
12 Company Profiles (Page No. - 123)
12.1 Air Techniques
12.1.1 Business Overview
12.1.2 Products Offered
12.1.3 Recent Developments (2015-2019)
12.2 Allied Healthcare Products, Inc
12.2.1 Business Overview
12.2.2 Products Offered
12.3 Zoll Medical Corporation (An Asahi Kasei Group Company)
12.3.1 Business Overview
12.3.2 Products Offered
12.3.3 Recent Developments (2015-2019)
12.3.4 MnM View
12.4 Atlas Copco AB
12.4.1 Business Overview
12.4.2 Products Offered
12.4.3 Recent Developments (2015-2019)
12.4.4 MnM View
12.5 Busch Holding GmbH
12.5.1 Business Overview
12.5.2 Products Offered
12.5.3 Recent Developments (2015-2019)
12.5.4 MnM View
12.6 Convatec
12.6.1 Business Overview
12.6.2 Products Offered
12.6.3 Recent Developments (2015-2019)
12.7 Drδgerwerk AG & Co. KGaA
12.7.1 Business Overview
12.7.2 Products Offered
12.7.3 MnM View
12.8 Gardner Denver
12.8.1 Business Overview
12.8.2 Products Offered
12.8.3 MnM View
12.9 Integra Biosciences AG
12.9.1 Business Overview
12.9.2 Products Offered
12.9.3 Recent Developments (2015-2019)
12.10 Laerdal Medical
12.10.1 Business Overview
12.10.2 Products Offered
12.11 Medela Holding AG
12.11.1 Business Overview
12.11.2 Products Offered
12.12 Medicop
12.12.1 Business Overview
12.12.2 Products Offered
12.13 Ohio Medical Corporation
12.13.1 Business Overview
12.13.2 Products Offered
12.14 Olympus Corporation
12.14.1 Business Overview
12.14.2 Products Offered
12.14.3 MnM View
12.15 Precision Medical, Inc.
12.15.1 Business Overview
12.15.2 Products Offered
13 Appendix (Page No. - 151)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
List of Tables (91 Tables)
Table 1 Major Advanced Medical Vacuum Systems Commercialized During 20152018
Table 2 Medical Vacuum Systems Market, By Product Type, 20172024 (USD Million)
Table 3 Standalone Vacuum Systems Market, By Region, 20172024 (USD Million)
Table 4 Standalone Vacuum Systems Market, By Technology, 20172024 (USD Million)
Table 5 Standalone Vacuum Systems Market, By Application, 20172024 (USD Million)
Table 6 Standalone Vacuum Systems Market for Therapeutic Applications, By Type, 20172024 (USD Million)
Table 7 Standalone Vacuum Systems Market, By End User, 20172024 (USD Million)
Table 8 Centralized Vacuum Systems Market, By Region, 20172024 (USD Million)
Table 9 Centralized Vacuum Systems Market, By Technology, 20172024 (USD Million)
Table 10 Centralized Vacuum Systems Market, By Application, 20172024 (USD Million)
Table 11 Centralized Vacuum Systems Market for Therapeutic Applications, By Type, 20172024 (USD Million)
Table 12 Centralized Vacuum Systems Market, By End User, 20172024 (USD Million)
Table 13 Portable and Compact Vacuum Systems Market, By Region, 20172024 (USD Million)
Table 14 Portable and Compact Vacuum Systems Market, By Technology, 20172024 (USD Million)
Table 15 Portable and Compact Vacuum Systems Market, By Application, 20172024 (USD Million)
Table 16 Portable and Compact Vacuum Systems Market for Therapeutic Applications, By Type, 20172024 (USD Million)
Table 17 Portable and Compact Vacuum Systems Market, By End User, 20172024 (USD Million)
Table 18 Medical Vacuum System Accessories Market, By Region, 20172024 (USD Million)
Table 19 Medical Vacuum System Accessories Market, By Technology, 20172024 (USD Million)
Table 20 Medical Vacuum System Accessories Market, By Application, 20172024 (USD Million)
Table 21 Medical Vacuum System Accessories Market for Therapeutic Applications, By Type, 20172024 (USD Million)
Table 22 Medical Vacuum System Accessories Market, By End User, 20172024 (USD Million)
Table 23 Market, By Technology, 20172024 (USD Million)
Table 24 Market for Oil-Sealed Rotary Vane Technology, By Region, 20172024 (USD Million)
Table 25 Market for Dry Rotary Vane Technology, By Region, 20172024 (USD Million)
Table 26 Market for Dry Claw Vacuum Pump Technology, By Region, 20172024 (USD Million)
Table 27 Market for Oil-Sealed Liquid Ring Technology, By Region, 20172024 (USD Million)
Table 28 Market for Water-Sealed Liquid Ring Technology, By Region, 20172024 (USD Million)
Table 29 Market, By Application, 20172024 (USD Million)
Table 30 Market for Therapeutic Applications, By Type, 20172024 (USD Million)
Table 31 Market for Therapeutic Applications, By Region, 20172024 (USD Million)
Table 32 Market for Anesthesiology Applications, By Region, 20172024 (USD Million)
Table 33 Market for Wound Care Applications, By Region, 20172024 (USD Million)
Table 34 Market for Gynecology Applications, By Region, 20172024 (USD Million)
Table 35 Market for Dental Applications, By Region, 20172024 (USD Million)
Table 36 Market for Pharma-Biotech Manufacturing, By Region, 20172024 (USD Million)
Table 37 Market for Diagnostic Applications, By Region, 20172024 (USD Million)
Table 38 Market for Research Applications, By Region, 20172024 (USD Million)
Table 39 Market, By End User, 20172024 (USD Million)
Table 40 Market for Hospitals, Surgical Centers, and Ambulatory Care Centers, By Region, 20172024 (USD Million)
Table 41 Market for Pharmaceutical and Biotechnology Manufacturers, By Region, 20172024 (USD Million)
Table 42 Market for Diagnostic Laboratories, By Region, 20172024 (USD Million)
Table 43 Market for Research Laboratories and Academic Institutes, By Region, 20172024 (USD Million)
Table 44 Market, By Region, 20172024 (USD Million)
Table 45 Market, By Country, 20172024 (USD Million)
Table 46 North America: Market, By Country, 20172024 (USD Million)
Table 47 North America: Market, By Product Type, 20172024 (USD Million)
Table 48 North America: Market, By Technology, 20172024 (USD Million)
Table 49 North America: Market, By Application, 20172024 (USD Million)
Table 50 North America: Market for Therapeutic Applications, By Type, 20172024 (USD Million)
Table 51 North America: Market, By End User, 20172024 (USD Million)
Table 52 US: Market, By Product Type, 20172024 (USD Million)
Table 53 Canada: Market, By Product Type, 20172024 (USD Million)
Table 54 Europe: Market, By Country, 20172024 (USD Million)
Table 55 Europe: Market, By Product Type, 20172024 (USD Million)
Table 56 Europe: Market, By Technology, 20172024 (USD Million)
Table 57 Europe: Market, By Application, 20172024 (USD Million)
Table 58 Europe: Market for Therapeutic Applications, By Type, 20172024 (USD Million)
Table 59 Europe: Market, By End User, 20172024 (USD Million)
Table 60 Germany: Market, By Product Type, 20172024 (USD Million)
Table 61 UK: Market, By Product Type, 20172024 (USD Million)
Table 62 France: Market, By Product Type, 20172024 (USD Million)
Table 63 Rest of Europe: Market, By Product Type, 20172024 (USD Million)
Table 64 Asia Pacific: Market, By Country, 20172024 (USD Million)
Table 65 Asia Pacific: Market, By Product Type, 20172024 (USD Million)
Table 66 Asia Pacific: Market, By Technology, 20172024 (USD Million)
Table 67 Asia Pacific: Market, By Application, 20172024 (USD Million)
Table 68 Asia Pacific: Market for Therapeutic Applications, By Type, 20172024 (USD Million)
Table 69 Asia Pacific: Market, By End User, 20172024 (USD Million)
Table 70 Japan: Medical Vacuum System Market, By Product Type, 20172024 (USD Million)
Table 71 China: Medical Vacuum System Market, By Product Type, 20172024 (USD Million)
Table 72 India: Medical Vacuum System Market, By Product Type, 20172024 (USD Million)
Table 73 Rest of Asia Pacific: Medical Vacuum System Market, By Product Type, 20172024 (USD Million)
Table 74 Latin America: Medical Vacuum System Market, By Country, 20172024 (USD Million)
Table 75 Latin America: Medical Vacuum System Market, By Product Type, 20172024 (USD Million)
Table 76 Latin America: Medical Vacuum System Market, By Technology, 20172024 (USD Million)
Table 77 Latin America: Medical Vacuum System Market, By Application, 20172024 (USD Million)
Table 78 Latin America: Medical Vacuum System Market for Therapeutic Applications, By Type, 20172024 (USD Million)
Table 79 Latin America: Medical Vacuum System Market, By End User, 20172024 (USD Million)
Table 80 Brazil: Medical Vacuum System Market, By Product Type, 20172024 (USD Million)
Table 81 Mexico: Medical Vacuum Systems Market, By Product Type, 20172024 (USD Million)
Table 82 Rest of Latin America: Medical Vacuum System Market, By Product Type, 20172024 (USD Million)
Table 83 Middle East & Africa: Medical Vacuum System Market, By Product Type, 20172024 (USD Million)
Table 84 Middle East & Africa: Medical Vacuum System Market, By Technology, 20172024 (USD Million)
Table 85 Middle East & Africa: Medical Vacuum System Market, By Application, 20172024 (USD Million)
Table 86 Middle East & Africa: Medical Vacuum System Market for Therapeutic Applications, By Type, 20172024 (USD Million)
Table 87 Middle East & Africa: Medical Vacuum System Market, By End User, 20172024 (USD Million)
Table 88 New Product Launches and Approvals
Table 89 New Aquisitions
Table 90 New Expansions
Table 91 New Agreements
List of Figures (38 Figures)
Figure 1 Research Design
Figure 2 Key Data From Secondary Sources
Figure 3 Key Data From Primary Sources
Figure 4 Breakdown of Primaries
Figure 5 Research Methodology: Hypothesis Building
Figure 6 Medical Vacuum System Market Estimation: Overall Methodology
Figure 7 Data Triangulation
Figure 8 Assumptions of the Research Study
Figure 9 Medical Vacuum System Market, By Product Type, 2018 vs 2024 (USD Million)
Figure 10 Medical Vacuum System Market, By Technology, 2018 vs 2024 (USD Million)
Figure 11 Medical Vacuum System Market Share, By Application, 2018 vs 2024
Figure 12 Medical Vacuum System Market Share, By End User, 2018 vs 2024
Figure 13 Medical Vacuum System Market: Geographical Snapshot
Figure 14 Technological Advancements in Vacuum Systems to Drive Market Growth
Figure 15 Standalone Vacuum Systems Segment to Hold the Largest Share of the Medical Vacuum System Market in 2018
Figure 16 Oil Sealed Rotary Vane Technology Segment is Estimated to Hold the Largest Share During the Forecast Period
Figure 17 Therapeutic Applications Dominated the Medical Vacuum System Market in 2018
Figure 18 Hospitals, Surgical Centers, and Ambulatory Care Centers are the Major End Users of the Market During 20182024
Figure 19 China is Expected to Grow at the Highest CAGR During 20182024
Figure 20 Medical Vacuum System Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Portable and Compact Vacuum Systems Segment to Grow at the Highest Rate During the Forecast Period
Figure 22 Oil-Sealed Rotary Vane Technology to Offer Significant Growth Opportunity Among All the Technologies During the Forecast Period
Figure 23 Therapeutic Applications Dominate the Medical Vacuum System Market
Figure 24 Anesthesiology Applications Segment to Grow at the Highest Rate During the Forecast Period
Figure 25 Hospitals, Surgical Centers, and Ambulatory Care Centers to Grow at the Highest Rate in the End-User Market
Figure 26 North America: Medical Vacuum System Market Snapshot
Figure 27 Europe: Medical Vacuum System Market Snapshot
Figure 28 Global Medical Vacuum System Market, Competitive Leadership Mapping, 2018
Figure 29 Key Developments in the Global Medical Vacuum System Market, 20152018
Figure 30 Atlas Copco AB Held the Leading Position in the Medical Vacuum System Market in 2017
Figure 31 Allied Healthcare Products, Inc.: Company Snapshot (2017)
Figure 32 Asahi Kasei Group Company: Company Snapshot (2017)
Figure 33 Atlas Copco AB: Company Snapshot (2017)
Figure 34 Convatec: Company Snapshot (2017)
Figure 35 Drδgerwerk AG & Co. KGaA: Company Snapshot (2017)
Figure 36 Gardner Denver: Company Snapshot (2017)
Figure 37 Integra Holding AG: Company Snapshot (2017)
Figure 38 Olympus: Company Snapshot (2017)
This study involved four major activities in estimating the current size of the global medical vacuum systems market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary research was conducted to obtain key information about market classification and segmentation, geographical scenario, key developments undertaken by major market players, and the identification of key industry trends. The secondary sources used for this study include annual reports, press releases, and investor presentations of companies; white papers; certified publications; and articles from recognized websites, databases, and directories.
Extensive primary research was conducted after acquiring a preliminary understanding of the global medical vacuum systems market scenario through secondary research. Primary interviews were conducted with market experts from both the demand-side (such as doctors, and nursing staff from hospitals, surgical centers, ambulatory centers, as well as researchers and technicians from diagnostic laboratories, SNFs, and POLs, pharmaceutical & biotechnology manufacturers, research laboratories, and academic institutes) and supply-side respondents (such as medical vacuum pump and system manufacturers, suppliers, channel partners, and distributors) across North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. Approximately 30% and 70% of primary interviews were conducted with both the demand- and supply-side respondents, respectively. The primary data was collected through questionnaires, e-mails, online surveys, and telephonic interviews. A breakdown of primary respondents is provided below:
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After deriving the overall medical vacuum systems market value from the market size estimation process explained above, the total market value data was split into several segments and subsegments. Data triangulation and market breakdown were undertaken to complete the overall market engineering process and arrive at the exact statistics for all segments, wherever applicable. The data was triangulated by studying various qualitative & quantitative variables as well as by analyzing regional trends for both the demand and supply-side macroindicators.
With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the medical vacuum systems market report:
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