Market Trends of Pneumatic Tube System Industry
Hospitals Expected to Have Significant Market Share
- The pneumatic tube systems in hospitals transport everything, including emergency samples, medicine, units of stored blood, laboratory samples, documents, x-rays, and others. Thus, it creates a direct connection between all hospital wards, such as nursing wards, blood banks, administration offices, and outpatient departments. The hospital segment application includes laboratories, blood banks, nursing pharmacies, emergency rooms, and other such applications.
- With a rise in health concerns and stable economic growth in certain regions, the global hospitality industry growth is accelerating, and the factors mentioned above help increase the demand for pneumatic tube systems in hospitals. Human intervention-free transportation also serves to minimize contamination risks and drives the vendors to offer unique solutions served in the market.
- Pneumatic tube systems are necessary inventory in hospitals because it is the most appropriate solution when lengthy distances need to be measured, for example in a surgical procedure where there are seconds that count and if blood products or samples require immediate response. The hospital tube system is designed for rapid, safe, shockless transport of items such as blood and urine samples or medicines when speed is important.
- Companies like Pevco Systems have products like Pevco Link Web App for tracking real-time data for pharmaceuticals, specimen, and blood products. They also have Pavco Smart Path to increase system performance, safety, and decrease delivery time.
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North America Expected to Have Significant Market Share
- Pneumatic tube systems are most prevalent in the North American region as it is used in drive-up banks to transport cash and documents between cars and tellers. North America is one of the largest markets for technology-based solutions. It is also expected to be a strong player in the global economy, especially in the development and implementation of new technologies.
- The healthcare and industrial sectors are increasing, along with the increasing influence on better and safe processes. This has increased the demand for automated systems across various end-user verticals. Latest technological breakthroughs have advanced new pneumatic tube systems that make the overall processes highly efficient and can significantly improve the accuracy of various applications.
- According to the National Health Expenditure Account (NHEA) official estimates, total healthcare spending in the United States grew 4.3% in 2022, reaching USD 4.3 trillion equivalent to USD 12,530 per person.
- The healthcare sector in North America is expected to grow at a faster rate as the spending in this sector has been witnessing growth over the last few years, which is supported by the increasing focus on better productivity, the safety of products and faster processes. The rise in the need for security and reduction of product loss drives the users to adopt these pneumatic tube systems, simultaneously, reducing the costs.
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