The global Vacuum Mixing Devices Market is set to experience a significant growth of 2.4% CAGR from 2022 to 2029, with an estimated market value of around USD 157.9 Million as of 2022. As per Future Market Insights projections, Vertical Vacuum-Mixing Devices hold a substantial share of over 57.7% in 2021 within the Global market.
Market Outlook:
| Data Points | Market Insights |
|---|---|
| Market Value 2021 | USD 154.0 Million |
| Market Value 2022 | USD 157.9 Million |
| Market Value 2029 | USD 186.0 Million |
| CAGR 2022 to 2029 | 2.4% |
| Market Share of Top 5 Countries | 50.8% |
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| Particulars | Details |
|---|---|
| H1, 2021 | 2.39% |
| H1, 2022 Projected | 2.37% |
| H1, 2022 Outlook | 2.27% |
| BPS Change - H1, 2022 (O) - H1, 2022 (P) | (-) 10 ↓ |
| BPS Change - H1, 2022 (O) - H1, 2021 | (-) 12 ↓ |
The global vacuum mixing devices market comparative analysis and market growth rate are studied by Future Market Insights.
The comparative analysis and market growth rate of the global vacuum mixing devices market as studied by Future Market Insights will show a negative BPS growth in the H1-2022 outlook as compared to H1-2022 projected period by 10 BPS, and this market is further estimated to show negative BPS growth with a 12 Basis Point Share in H1-2022 (O) compared to H1-2021.
Key developments in the market are mainly due to a rise in awareness of innovative products such as digital feeding complied with a scanner.
According to FMI analysis, the decline in BPS is attributed to factors such as stringent government regulations for approval and varying regulations across different regions which pose hurdles that could change the market dynamics in that region and result in the decline of shares.
Despite these negative aspects, manufacturers target untapped markets like Asia-Pacific and incorporate acquisition and partnership strategies amongst global players to increase awareness about the importance of vacuum mixing devices. This will influence the market growth in the upcoming years.
Also, different products are launched in the market that can be effectively used with various types of bone cement with continuous innovations in technology. This factor is likely to excel in the growth of the overall vacuum mixing devices market.
The vacuum mixing devices market holds nearly 11.8% of the overall USD 1.3 Billion Modern Cementing market in 2021.
Vacuum mixing devices have applications in bone cement for filling the gaps between bones and prosthetics. Moreover, they are also used to provide support to artificial joints such as shoulders, elbows, and knees. In comparison to conventional mixing techniques, vacuum mixing devices blend the bone cement before the procedure for infusion to take place.
The rising incidence of orthopedic, trauma, and dental surgeries is driving the market for vacuum-mixing devices. An increase in the geriatric population leading to an increase in the number of joint replacement and denture procedures is also expected to drive the vacuum-mixing devices market over the forecast period.
Technological advancements in vacuum-mixing devices are making them more capable to mix low as well as high-viscosity bone cement, which also is expected to drive the vacuum-mixing devices market over the forecast period. Conversely, high costs related to orthopaedic procedures, particularly implant fixation processes combined with the lack of awareness of vacuum-mixing devices in the market may slow down the sales growth of vacuum-mixing devices over the globe.
Certain government regulations regarding the mix of bone cement might also affect the growth of the vacuum-mixing devices market, however, the process of accelerating approvals for medical devices in certain regions will establish growth for the vacuum-mixing devices market.
Ultra-high-performance concrete is a vital development in concrete technology assisted by the grouping of good particle packing density, suitable mixing techniques, and compatible binders and admixtures. Over the last few decades, significant research has been executed to discover the confines of this innovative concrete.
The market is expected to expand at a considerable growth rate over the next seven years at a CAGR of close to 2.4% and offer an absolute $ opportunity of USD 4.0 Million from 2022 to 2023.
Principal Consultant
The trend of growth analysis for vacuum mixing devices has displayed a low end in terms of sales and revenue generation, affecting small as well as well-established manufacturers. There has been a slow progression in terms of new product launches in the market owing to which, the key players have exhibited their interest in the introduction of novel features to their product offerings, which would include automated systems with incorporated digital feeding compiled with a scanner. This trend is set to pose an opportunistic approach in the vacuum mixing devices market.
Additionally, mapping customer-centric models as well as cost-effective solutions may prove to advance the sales revenue for manufacturers in the vacuum mixing devices industry.
Since the chief consumer base for vacuum mixing device manufacturers are hospitals and specialty clinics, accounting for the total rate of procedures such as implant surgery, arthroplasty, and dental procedures, the manufacturers in the market are expected to project lucrative growth through these consumer bases.
As per the 2020 data by The American Academy of Implant Dentistry, annually an increase in the number of people getting a dental implant can be seen rising by nearly 500,000. Moreover, the distribution network for the supply of vacuum mixing devices/products through local networks would aid the product sales and would hence, eventually benefit the revenue gains by the manufacturers.
These factors cumulatively propose to exhibit advancements in the vacuum mixing devices market, through penetration, availability of resources, and rise in awareness of advanced products for various procedures.
The development in orthopedic procedures has transformed over the years owing to the rising geriatric population globally, which is largely subjected to undergo orthopedic procedures. The cost of such procedures is relatively higher than the influx of the patient pool.
While this factor is a restraint to the vacuum mixing devices market, other factors influencing the high cost of procedure are a consolidation of hospitals, creating a local and regional chain of these centers where the end-user possesses greater leverage over bargaining.
The pricing pattern of hospitals in a concentrated market is higher as compared to the former, playing a role in creating a high margin for profit from insurance payers.
This significant rise in treatment cost, given the present healthcare scenario, has given influenced the adoption of vacuum mixing devices. This stance is justified when larger and much more consolidated hospital services purchase a large amount of vacuum mixing products.
The investments from such consolidated medical services are greater than local medical clinics and small hospitals, and they are thus considered vital in terms of end users in the market.
Apart from this, regulations for medical devices vary from one region to the other, which may hinder the growth of sales of vacuum mixing devices as they begin to proceed with the sales and exposure of the products in different regions.
The vacuum mixing devices market is largely comprised of small players who are in competition with well-established manufacturers for market space and expansion.
The market is highly fragmented with the key players covering a major share of the global market owing to their presence in most of the developing and developed economies.
This may hinder the sales growth of the smaller players in terms of their product outreach and sales, wherein, for penetration into major markets, the product pricing must have a differentiated and lucrative proposal to it.
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The USA dominates the North American region with a total market share of about 87.0% in 2021 and is projected to continue experiencing high growth throughout the forecast period. The growth of this market is driven by the high number of people with disabilities combined with a large geriatric population.
Additionally, the growth in the country is also associated with the establishment of key manufacturers and research institutes with dedicated programs relevant to the field of automation and robotics in medicine and healthcare.
Germany is set to exhibit a CAGR of about 1.9% in the European vacuum mixing devices market during the forecast period. The manufacturing industry in the country is one of the foremost providers of revenue in the European medical device industry. The established players have a tighter local as well as global outreach.
China holds a 34.3% share of the East Asia market in 2021 and is projected to increase at a CAGR rate of 2.9% during the forecast period. The growth of the vacuum mixing devices market in the country is attributed to the rising wave of automation and robotic assistive devices in the region of East Asia, with China as the prime contributor in the development industry for robotic devices for various intended uses, including vacuum mixing devices for orthopaedic procedures.
In 2021, Japan held a 51.5% share in the East Asia vacuum mixing devices market and is projected to expand at a CAGR of 2.2% from 2022 to 2029. With a high geriatric population and a developed healthcare system, the care of patients is comprehensive and supports their needs.
The process of dental implants in the region of East Asia has gained traction over the past decade, following which, the market for vacuum mixing devices is set to witness significant growth.
Vertical Vacuum-Mixing Devices project lucrative growth at a CAGR of 2.6% till the end of the forecast period, with a market share of around 57.7% in 2021. The growth is associated with the higher efficiency of the vertical vacuum mixing devices over the other variants for mixing as they also incorporate the process of deagglomeration with efficacy.
Portable Devices hold a revenue share of 93.5% in 2021 and are projected to hold a share over the forecast period with the estimation being 94.2%. The segment holds the maximum revenue share due to the property of accessibility of applications as well as penetration into small medical centers and hospitals with cost-effective means of utilization.
Hospitals hold a revenue share of 89.5% in 2021 and are projected to hold a share over the forecast period with the estimation being 89.6%. A majority of procedures involving the use of vacuum mixing devices are performed within the hospitals, such as dental implants and orthopaedic procedures, which require physician aid. Moreover, hospital networks promote the purchasing power for the vacuum mixing devices market and are thus dominant as an end-user segment.
Strategic collaborations, acquisitions, expansion, product launches, agreements, and research sponsorship are the key strategies adopted by manufacturers to increase product sales in different geographies.
Similarly, recent developments related to companies manufacturing vacuum mixing device products have been tracked by the team at Future Market Insights, which are available in the full report.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2014 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Thailand, Australia, New Zealand, GCC Countries, South Africa, Turkey, North Africa |
| Key Market Segments Covered | Product, Modality, End User, and Region |
| 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 |
| Pricing | Available upon Request |
The global vacuum mixing devices market is worth USD 154.0 Million at present and is set to expand 1.2X over the next seven years.
The vacuum mixing devices market is expected to reach USD 186.0 Million by the end of 2029, with sales revenue expected to register 2.4% CAGR.
High adoption of vacuum-mixing devices in developed regions, Extensive pricing competition among local or regional players, and steady growth in the import and export of vacuum-mixing devices are some of the key trends being witnessed in this marketplace.
The USA, Japan, Germany, China, and the United Kingdom are expected to drive demand for vacuum mixing device products.
North America is one of the key markets for vacuum mixing devices, with the USA expected to account for over 85.8% of the North American market revenue share during the forecast period.
Demand for vacuum mixing devices in Europe is expected to register a growth of 2.1% over the next seven years.
The USA, Japan, and Germany are key producers of vacuum mixing device products.
Zimmer Biomet, Heraeus Holding, Stryker, DJO Global, Inc., Summit Medical, OSARTIS GmbH, SIRIO DENTAL S.R.L., DENTALFARM SRL, Eurocem Srl and Whip Mix Corporation are the key exporters of vacuum mixing devices market.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand (in Volume Units) Analysis 2021 and Forecast 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD Million) Analysis 2014 to 2021 and Forecast, 2022 to 2029 8. Market Background 9. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Product Type 9.1. Vertical Vacuum-Mixing Devices 9.2. Rotational Vacuum-Mixing Devices 9.3. Vertical + Twisting Vacuum-Mixing Devices 10. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Modality 10.1. Bench Top Devices 10.2. Portable Devices 11. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by End User 11.1. Ambulatory Surgical Centres 11.2. Hospitals 11.3. Speciality Clinics 12. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. Middle East and Africa (MEA) 12.5. East Asia 12.6. South Asia 12.7. Oceania 13. North America Market Analysis 2014 to 2021 and Forecast 2022 to 2029 14. Latin America Market Analysis 2014 to 2021 and Forecast 2022 to 2029 15. Europe Market Analysis 2014 to 2021 and Forecast 2022 to 2029 16. South Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029 17. East Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029 18. Oceania Market Analysis 2014 to 2021 and Forecast 2022 to 2029 19. Middle East and Africa Market Analysis 2014 to 2021 and Forecast 2022 to 2029 20. Emerging Countries Market Analysis 2014 to 2021 and Forecast 2022 to 2029 21. Market Structure Analysis 22. Competition Analysis 22.1. Zimmer Biomet 22.2. Heraeus Holding 22.3. Stryker 22.4. DJO Global, Inc. 22.5. Summit Medical 22.6. OSARTIS GmbH 22.7. SIRIO DENTAL S.R.L. 22.8. DENTALFARM SRL 22.9. Eurocem Srl 22.10. Whip Mix Corporation 23. Assumptions and Acronyms Used 24. Research Methodology
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Vacuum Mixing Devices Market
