The vacuum mixing devices market is expected to register a CAGR of 4.5% during the forecast period. This is attributed to the increasing demand for orthopedic and trauma surgeries, the rise in the prevalence of joint problems, and the high adoption of these devices in the cement industry.
- 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.
- 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.
Key Market Trends
Based on End User, the Hospital Segment is Estimated to Witness a Healthy Growth
Vacuum mixing devices are widely used in hospitals as these devices are the ideal technique and are used in hip-joint replacement for bone cement mixing. In addition to this, vacuum mixing devices are also helpful in improving tensile strength and fatigue life of bone cement, which is very important in implant fixation. These key features associated with vacuum mixing devices and their wide applications are being routinely practiced in hospitals, which helps in boosting the segment’s growth.
North America is Expected to Hold a Significant Share in the Market
North America is expected to hold a significant market share in the market due to the increasing aging population, increasing joint-related disorders, increasing healthcare expenditure, and the presence of well-established healthcare infrastructure. The rising aging population in the United States is more susceptible to fractures and injuries and requires joint replacement surgery more often. The bone cement is used for surgery and this technique is a better alternative to screws and wires. This results in propelling the vacuum mixing devices market in this region as these devices are widely used for orthopedic treatment. As per the National Institute of Health, it is estimated that around 67 million people by the end of 2030 may be suffering from osteoarthritis in the United States. This results in increasing the adoption of joint reconstruction and further fuels the growth of the overall regional market to a large extent.
The vacuum mixing devices market is moderately competitive and consists of several major players. Some of the companies currently dominating the market are Zimmer Biomet, Stryker Corporation, DJO Global Inc., Summit Medical Group, Malcom Co. Ltd, Reitel Feinwerktechnik GmbH, and J. MORITA CORP.
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