The Global Vacuum Mixing Devices Industry is poised for extraordinary expansion, forecasting an impressive 2.4% Compound Annual Growth Rate (CAGR) from 2022 to 2029, according to the latest report by Future Market Insights (FMI). Starting with a market value of approximately US$ 157.9 million in 2022, the industry is on a trajectory towards substantial growth.
In 2021, Vertical Vacuum-Mixing Devices are expected to take center stage, constituting over 57.7% of the global market. This signals a notable industry shift towards efficiency-enabling medical mixing equipment.
Analysts at FMI emphasize that the surge in the adoption of vacuum mixing devices is driven by the significant clinical benefits they offer, addressing longstanding challenges in medical mixing processes. These devices are at the forefront of revolutionizing the industry by efficiently managing a diverse range of mixing applications in a shorter timeframe, ensuring consistent and reliable results.
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According to the FMI report, the Global Vacuum Mixing Devices Industry reflects a fair degree of fragmentation, wherein a large pool of regional manufacturers is competing for neck to neck. Stryker Corporation and Zimmer Biomet remain two of the market goliaths, with strong product portfolios and extended regional presence.
A majority of the revenues of these two companies are generated from the US and Germany, and their focus on strategic collaborations will continue to yield significant profit benefits and ensure sustained growth. For instance, in 2021, Zimmer Biomet Holdings, Inc. – a global leader in musculoskeletal healthcare – collaborated with Apple to transform the patients’ journey for two most common type of surgeries undergone by the Americans every year – knee and hip replacement. This collaboration was aimed at popularizing the Zimmer Biomet ‘ My Mobility’ app, an app that makes use of Apple Watch to facilitate constructive connections between patients and their respective surgical teams.
The FMI analyst finds that though the factors conditioning success differ for market players of varying statures, but in all the cases, the market partakers will have to be adept at effective tracking of the evolving market trends and make necessary adaptations.
Portability: The New Normal Grappling End User AppealIn 2021, the devices with vertical orientation is estimated to surpass other variants and account for over ½ of the global vacuum mixing devices-derived value. Though end users will continue to invest in vertical vacuum mixing devices, the demand for rotational vacuum mixing devices will also see a considerable uptick through 2022, unveils FMI.
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With ‘portable’ emerging as the new norm in the medical laboratory equipment space, manufacturers are jumping onto the ‘portability’ bandwagon by launching newer models of vacuum mixing devices that are easy-to-carry and compact in size. According to the FMI analysis, North America (29%) and Europe (26%) will continue to be the leading markets for vacuum mixing devices in 2022 and beyond, set in motion by robust healthcare infrastructure and massive investments in the development of high-quality laboratory essentials.
Vacuum mixing devices worth ~ US$ 128 Mn were sold in hospitals in 2021, primarily driven by the growing number of inpatient and outpatient procedures. Manufacturers, to draw upon this increase in demand, are focusing on effective marketing of their products to hospitals by using ‘easy-to-use’ and ‘compatibility with varying viscosities’ as two of their key marketing touchpoints. However, various regulations put in place for the manufacturing of vacuum mixing devices will continue to impede its penetration by increasing the ‘time-to-market’ factor.
This study sheds light on the untapped opportunities in the Global Vacuum Mixing Devices industry and finds the market would grow at a value CAGR of ~2.4% during the forecast period.
Key Market Segments Covered in Global Vacuum Mixing Devices Industry Research Product:
- Vertical Vacuum-Mixing Devices
- Rotational Vacuum-Mixing Devices
- Vertical+Twisting Vacuum-Mixing Devices
By Modality:
- Bench Top Devices
- Portable Devices
By End User:
- Ambulatory Surgical Centers
- Hospitals
- Specialty Clinics
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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