The Global Vacuum Mixing Devices Industry is projected to exhibit steady growth over the coming years, according to a recent market analysis by Future Market Insights (FMI). Valued at approximately US$157.9 million in 2022, the market is expected to rise at a Compound Annual Growth Rate (CAGR) of 2.4% through 2029.
The FMI analyst thinks that market gains will further be upheld by the clinical benefits associated with the use of vacuum mixing devices. FMI expects vacuum mixing devices to see unwavering growth in the next 10 years, as the global healthcare space actively embraces ‘efficiency-enabling’ medical mixing equipment.
Medical mixing processes have remained challenging for a long period, primarily undermined by the lack of competent technologies. With the gradual evolution of vacuum mixing devices, a wide range of mixing applications are handled seamlessly in a shorter timespan without compromising on the 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 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 2018, Zimmer Biomet Holdings, Inc. – a global leader in musculoskeletal healthcare – collaborated with Apple to transform the patients’ journey for the two most common types of surgeries undergone by 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 differs for market players of varying statures, in all cases, the market partakers will have to be adept at effective tracking of the evolving market trends and make necessary adaptations.
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Global Vacuum Mixing Devices Industry Key Companies Profiled:
- Zimmer Biomet
- Heraeus Holding
- Stryker
- DJO Global, Inc.
- Summit Medical
- OSARTIS GmbH
- SIRIO DENTAL S.R.L.
- DENTALFARM SRL
- Eurocem Srl
- Whip Mix Corporation
Portability: The New Normal Grappling End User Appeal
In 2018, the devices with vertical orientation are 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 2029, unveils FMI.
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 2019 and beyond, set in motion by robust healthcare infrastructure and massive investments in the development of high-quality laboratory essentials.
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Vacuum mixing devices worth ~ US$ 128 Mn were sold in hospitals in 2018, primarily driven by the growing number of inpatient and outpatient procedures. Manufacturers, to draw upon this increase in demand, are focusing on the 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.
Key Market Segments Covered in Global Vacuum Mixing Devices Industry Research
By 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
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 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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