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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
