Vacuum Mixing Devices Market By Type (Vertical Vacuum-mixing Devices, Rotational Vacuum-mixing Devices), By Modality (Portable Devices, Bench Top Devices), By End-User (Ambulatory Surgical Centers, Hospitals, Other End Users), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Vacuum Mixing Devices Market Overview
Vacuum Mixing Devices Market is expected to reach a CAGR of 2.2% during the forecast period (2023-2030). The vacuum mixing devices market growth is driven by the rising demand for orthopedic and trauma surgeries, the increase in the prevalence of joint problems, and clinical benefits associated with the use of vacuum-mixing devices.
Vacuum Mixing Devices Market Scope
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Metrics |
Details |
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Market CAGR |
2.2% |
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Segments Covered |
By Type, By Modality, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Vacuum Mixing Devices Market Dynamics
Clinical benefits associated with the use of vacuum-mixing devices is expected to drive the growth in the forecast period
Vacuum mixing devices are used in bone cement for filling the gaps between the bones and prosthetics. It is also used to give support to artificial joints of the shoulder, knee, and elbow, and as compared to conventional mixing techniques, these devices mix the bone cement before infusion procedures. For instance, according to the State of Musculoskeletal Health 2019 report, in the United Kingdom, around 8.75 million people aged between 45 years and over (33%) sought treatment for osteoarthritis. The knee is the most common site in the body for osteoarthritis, followed by the hip and hands/wrists. Physical deformity in the elderly population leads to disability.
Moreover, in November 2019, the World Health Organization published a report on musculoskeletal conditions stating that these conditions are the leading contributor to disability. Between one in three and one in five people live with a musculoskeletal pain condition throughout their lives, globally. Musculoskeletal disorders lead to the weakening of limbs, which can further lead to the higher requirement of vacuum mixing devices for the treatment of patients. Hence, these advantages of vacuum mixing devices in several industries result in propelling the overall market.
Stringent government regulation for the approval process of vacuum mixing devices is hampering the market growth
The vacuum mixing devices market remains a regulation-driven landscape, wherein multiple regulations have been put in place for manufacturers to take into utmost consideration. Regulations make it harder for newer models of vacuum mixing devices to make their way onto the market shelves in lesser time, thereby increasing the time-to-market factor for those pipe-lined devices.
Regulations also substantially impact other crucial factors, including licensing, franchising, pricing, and standard settings. Varying regulations across different regions pose hurdles for the market players concerning business expansion, making it no less than a restraining factor to cope with.
COVID-19 Impact Analysis on Vacuum Mixing Devices Market
The COVID-19 pandemic has been posing a measurable impact on the global economy and, in turn, on the Vacuum Mixing Devices market. Quarantines, traveling constraints, and social distancing measures on a broad scale drive a steep decline in business and consumer spending.
According to a research article on “Too long to wait: the impact of COVID-19 on elective surgery”, in February 2021, in the United Kingdom, nearly 100 000 patients whose joint replacement surgeries were canceled during the initial spread of the novel coronavirus. Following the decrease of the contagion curve, orthopedic procedures are slowly being recovered. The hospitals should create a pre-hospitalization path to identify possible infected patients and further postpone surgery. This is likely to have a positive impact on the market studied.
Vacuum Mixing Devices Market Segmentation Analysis
The portable devices segment is expected to hold the largest share in this market segment
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.
The vertical vacuum-mixing devices segment is expected to hold the largest share in this market segment
The devices with vertical orientation are estimated to surpass other variants of the global vacuum mixing devices-derived value. Most of the end users will continue to invest in vertical vacuum mixing devices, thus the demand for vertical vacuum mixing devices is expected to hold the largest share.
The ambulatory surgical center's segment is expected to hold the largest share in this market segment
Ambulatory surgery centers, also known as ASCs, are modern healthcare facilities that provide same-day surgical care, including diagnostic and preventive procedures. The ambulatory surgery centers are increasing in demand due to the growing number of joint disorders. The increasing burden of the geriatric population and the rising preference for ambulatory services to avoid unnecessary hospitalization charges are the major factors driving the market growth.
As per the statistics provided by American Hospital Association (AHA), in 2018, there were around 5,532 Medicare-certified ambulatory surgical centers in the United States. In addition, the overall outpatients' visits increasing by 1.2% year on year compared to hospital admissions.
Moreover, according to Medicare, the United States spent around 4.9 billion USD in 2018 on ambulatory surgical centers. Furthermore, in the United States, the Agency for Healthcare Research and Quality (AHRQ) is committed to improving the safety and quality of ambulatory care. Thus, the rising prevalence of joint disorders and the benefits associated with ambulatory surgery centers are driving the segment growth.
Less time required for orthopedic procedures, minimal discomfort due to the introduction of keyhole surgeries, and faster recovery time are some of the major factors supporting the demand for orthopedic surgeries or procedures in ambulatory surgical centers/clinics, thereby affirmatively impacting the growth of the segment. Moreover, low cost due to fewer hospital stays is expected to increase the demand for orthopedic procedures in ambulatory centers. These facilities are more competent than the hospital and offer an added source of revenue to the healthcare providers.
As per the study published in November 2020 on "The shift to ASCs isn't what you thought: A tale of nuances in two specialties," stated that around 10% of total orthopedic procedures were performed in the ASC in 2018 but is projected to reach about 68% by mid-2025 across the globe. Thus, with the increasing number of orthopedic surgeries in ambulatory settings, the demand for vacuum mixing devices increases. Hence, the market is expected to rise at a significant rate during the forecast period.
North America region holds the largest market share of the global vacuum mixing devices market
North America is expected to hold a significant market share due to the increasing aging population, increasing joint-related disorders, increasing healthcare expenditure, and the presence of well-established healthcare infrastructure. The rising aging population in North America is more susceptible to fractures and injuries and requires joint replacement surgery more often. Bone cement is used for surgery, and this technique is a better alternative to screws and wires. This results in propelling the vacuum mixing devices market in this region as these devices are widely used for orthopedic treatment.
According to the US Arthritis Foundation in 2020, arthritis is the leading cause of disability among adults in the US. By conservative estimates, about 54 million adults have been diagnosed with arthritis, and almost 300,000 children have had arthritis or a rheumatic condition. This results in propelling the vacuum mixing devices market in this region as these devices are widely used for orthopedic treatment.
The rising burden of bone and joint disorders is creating tremendous opportunities for market players, and they are focusing on launching new and reliable products to the market, thus driving the market growth. Some of the major vacuum mixing devices providers in North America are Zimmer Biomet, DJO Global Inc., and Stryker Corporation.
In 2018, Heraeus Medical launched two vacuum mixing systems, PALAMIX and PALABOWL, to its current PALACOS product portfolio in the United States. The innovative PALAMIX and PALABOWL, while created for use with PALACOS bone cement, can be effectively used with other types of bone cement.
In the short run, it is expected that there will be a slight impact on the market's growth owing to the rising cases of COVID – 19 in North America. However, all these factors are expected to drive the vacuum mixing devices Market.
Vacuum Mixing Devices Market Geographical Share
Vacuum mixing devices are used to mix bone cement in several industries, such as healthcare for orthopedic and trauma surgeries.
Vacuum Mixing Devices Market Competitive Landscape
The global vacuum mixing devices market is moderately competitive with the presence of global companies. Some of the key players which are contributing to the growth of the market include Zimmer Biomet, Stryker Corporation, DJO Global Inc., Summit Medical Group, Malcom Co. Ltd, Reitel Feinwerktechnik GmbH, J. MORITA CORP, Osartis Gmbh, Sirio Dental S.r.l, Dentalfarm Srl. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the market globally. For instance, In November 2020, Stryker completed the previously announced acquisition of Wright Medical Group N.V. which is a global medical device company focused on extremities and biologics.
Vacuum Mixing Devices Market Key Companies to Watch
Zimmer Biomet
Company Overview: Zimmer Biomet Holdings was established in 1947 and headquartered in Warsaw, Indiana. The company has its operations in more than 25 countries across the globe with presence in more than 100 countries. The company specializes in orthopedics, medical instruments, medical technology, surgical instruments, medical supplies, dental, patient care, spine, joint reconstruction and robotics. The annual sales Zimmer Biomet Holdings increased from USD 7.93 billion in 2018 to USD 7.98 billion in 2019.
Product Portfolio: The products portfolio of Zimmer Biomet holdings includes orthopedic reconstructive products; sports medicine, biologics, extremities and trauma products; office-based technologies; spine and CMF products; dental implants; and related surgical products.
Key developments: In December 2020, Zimmer Biomet Holdings, Inc. announced that the company has completed the acquisition of A&E Medical Corporation, a Vance Street Capital Portfolio Company.
The global vacuum mixing devices market report would provide access to an approx. 61 market data table, 50 figures and 200 pages.
