The global Vacuum Mixing Devices Industry is poised for substantial growth, projected at a steady 2.4% Compound Annual Growth Rate (CAGR) from 2022 to 2029. In 2022, the market was estimated at approximately US$ 157.9 million.
According to a recent report from Future Market Insights (FMI), Vertical Vacuum-Mixing Devices are expected to dominate the global market, accounting for over 57.7% in 2021.
FMI analysts believe that the surge in demand for vacuum mixing devices is driven by the clinical benefits they offer. These devices are expected to witness consistent growth over the next decade as the global healthcare sector increasingly adopts ‘efficiency-enabling’ medical mixing equipment.
For years, medical mixing processes faced challenges due to the lack of advanced technologies. However, the gradual evolution of vacuum mixing devices has revolutionized the industry, allowing a wide range of mixing applications to be seamlessly handled in a shorter timeframe, all while maintaining impeccable results.
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According to the FMI report, the vacuum mixing devices market 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 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 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 vacuum mixing devices market and finds the market would grow at a value CAGR of ~2.4% during the forecast period.
Key Market Segments Covered in Vacuum Mixing Devices Industry ResearchBy 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
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By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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