Market Trends of Vacuum Mixing Devices Industry
Ambulatory Surgical Center Segment is Estimated to Witness a Healthy Growth
Ambulatory surgery centers (ASCs), also known as outpatient surgery, day surgery, or same-day surgery, are modern healthcare facilities focused on providing same-day surgical care, including diagnostic and preventive procedures that do not require an overnight stay in the facility. 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, which are the major factors driving the market growth.
According to the Ambulatory Surgical Centers Association of the United States, California recorded the highest number of Medicare-certified ambulatory surgical centers of any other state in the United States. In the year 2021, the state recorded 817 Medicare-certified ambulatory surgical centers.
Also, the governments are focusing on the establishment of more ambulatory surgery centers to reduce the burden on hospitals by providing funds or other policies. For instance, as per the June 2021 circular of the Centers for Medicare and Medicaid Services of the United States, it has increased the number of procedures that can be performed at ambulatory surgery centers and get Medicare reimbursement and starting from January 2022, more than 250 musculoskeletal surgeries will be eliminated from the "inpatient-only list," with an additional 1,500 surgeries eliminated in the following year.
Therefore, due to the increasing number of ambulatory surgery centers around the region and the increasing demand for outpatient surgeries, this is expected to have a positive impact on the studied market and lead the market toward growth.
North America is Expected to Hold a Significant Market Share Over the Forecast Period
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 a 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 propels the vacuum mixing devices market in this region, as these devices are widely used for orthopedic treatment.
According to Population Reference Bureau estimates for 2021, it is predicted that there are likely to be 95 million Americans aged 65 and over by 2060, contributing 23% of the total population. In addition, according to Statistics Canada's 2021 census, there were an estimated 7,021,430 people aged 65 years or older in Canada in 2021, with 3,224,680 males and 3,796,750 females. The surge in the geriatric population is more prevalent in bone and joint orthopedic diseases, which drives the demand for vacuum mixing devices.
Additionally, according to the Centers for Disease Control and Prevention (CDC) updated in October 2021, about 1 in 4 United States adults (23.7%), or about 58.5 million people, have doctor-diagnosed arthritis. As a result, a significant burden of joint diseases is expected to drive growth in the vacuum mixing devices market during the forecast period.
Thus, all the aforementioned factors are expected to boost segment growth over the forecast period.
