Market Size of Vacuum Mixing Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 4.50 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Vacuum Mixing Devices Market Analysis
The vacuum mixing devices market was valued at USD XX million in 2020 and is expected to reach USD XX million by 2026, registering a CAGR of 4.5% during the forecast period.
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 cancelled 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.
Another factors driving the growth of the markets are increasing demand for orthopedic and trauma surgeries, the rise in the prevalence of joint problems, and clinical benefits associated with the use vacuum-mixing devices.
Vacuum mixing devices are used in bone cement for filling the gaps between the bones and prosthetics. Moreover, it is also used to give support to artificial joints of shoulder, knee, and elbow, and as compared to conventional mixing techniques, these devices mix the bone cement before infusion procedures. 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.
In November 2019, the World Health Organization published a report on Musculoskeletal conditions. It stated that musculoskeletal 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 for patients.
These advantages of vacuum mixing devices in several industries result in propelling the overall market. Furthermore, increasing joint problems, obesity, geriatric population, and clinical benefits associated with the use of these mixers are also fueling the market growth.
However, the stringent government regulation for the approval process of vacuum mixing devices is one of the factors that is hindering the market's growth.
Vacuum Mixing Devices Industry Segmentation
As per the scope, vacuum mixing devices are used for the mixing of bone cement in several industries, such as healthcare for orthopedic and trauma surgeries. The Market is segmented by Type (Vertical Vacuum-mixing Devices and Rotational Vacuum-mixing Devices), Modality (Bench Top Devices and Portable Devices), End-User (Hospitals, Ambulatory Surgical Centers, Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments. The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally.
By Type | |
Vertical Vacuum-mixing Devices | |
Rotational Vacuum-mixing Devices |
By Modality | |
Bench Top Devices | |
Portable Devices |
By End User | |
Hospitals | |
Ambulatory Surgical Centers | |
Other End Users |
Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Vacuum Mixing Devices Market Size Summary
The vacuum mixing devices market is poised for growth, driven by increasing demand in orthopedic and trauma surgeries, alongside the rising prevalence of joint problems. These devices play a crucial role in enhancing the clinical outcomes of surgeries by improving the mixing process of bone cement used in procedures such as joint replacements. The market is also benefiting from the growing geriatric population and the prevalence of musculoskeletal disorders, which necessitate the use of these devices for effective treatment. Despite the challenges posed by stringent regulatory approvals, the market is expected to expand, supported by the increasing adoption of ambulatory surgery centers (ASCs) that offer cost-effective and efficient surgical care.
North America is anticipated to hold a significant share of the vacuum mixing devices market, bolstered by a well-established healthcare infrastructure and a rising aging population susceptible to joint-related disorders. The region's market growth is further supported by the presence of key industry players and continuous innovations in product offerings. Companies like Zimmer Biomet, Stryker Corporation, and DJO Global Inc. are actively expanding their product lines and geographical reach through strategic acquisitions and technological advancements. These efforts are expected to drive the market forward, despite potential short-term impacts from the COVID-19 pandemic.
Vacuum Mixing Devices Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Increasing Demand of Vacuum Mixing Devices in Orthopedic and Trauma Surgery
-
1.2.2 Clinical Benefits Associated with the Use Vacuum-mixing Devices
-
1.2.3 Rising Prevalence of Joint Problems
-
-
1.3 Market Restraints
-
1.3.1 Stringent Government Regulations
-
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Type
-
2.1.1 Vertical Vacuum-mixing Devices
-
2.1.2 Rotational Vacuum-mixing Devices
-
-
2.2 By Modality
-
2.2.1 Bench Top Devices
-
2.2.2 Portable Devices
-
-
2.3 By End User
-
2.3.1 Hospitals
-
2.3.2 Ambulatory Surgical Centers
-
2.3.3 Other End Users
-
-
2.4 Geography
-
2.4.1 North America
-
2.4.1.1 United States
-
2.4.1.2 Canada
-
2.4.1.3 Mexico
-
-
2.4.2 Europe
-
2.4.2.1 Germany
-
2.4.2.2 United Kingdom
-
2.4.2.3 France
-
2.4.2.4 Italy
-
2.4.2.5 Spain
-
2.4.2.6 Rest of Europe
-
-
2.4.3 Asia-Pacific
-
2.4.3.1 China
-
2.4.3.2 Japan
-
2.4.3.3 India
-
2.4.3.4 Australia
-
2.4.3.5 South Korea
-
2.4.3.6 Rest of Asia-Pacific
-
-
2.4.4 Middle East and Africa
-
2.4.4.1 GCC
-
2.4.4.2 South Africa
-
2.4.4.3 Rest of Middle East and Africa
-
-
2.4.5 South America
-
2.4.5.1 Brazil
-
2.4.5.2 Argentina
-
2.4.5.3 Rest of South America
-
-
-
Vacuum Mixing Devices Market Size FAQs
What is the current Vacuum Mixing Devices Market size?
The Vacuum Mixing Devices Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in Vacuum Mixing Devices Market?
Zimmer Biomet, Stryker Corporation, DJO Global, Inc., Summit Medical Group and Malcom Co.,Ltd are the major companies operating in the Vacuum Mixing Devices Market.