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Pharmacy benefit management market
VACUUM CONCENTRATORS MARKET REPORT OVERVIEW
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global vacuum concentrators market size was USD 37 million in 2019 and market is projected to touch USD 81.8 Million by 2032, exhibiting a CAGR of 5.9% during the forecast period.
A vacuum concentrator is a machine that separates materials from one another using a vacuum. In a variety of scientific and research applications, vacuum concentrators—also referred to as centrifugal concentrators or vacuum evaporators—are laboratory apparatus used to concentrate or dry materials. These devices function by creating a vacuum, which decreases pressure and lowers the boiling point of liquids, making it easier to remove volatile substances like solvents from a sample. The ability to create high-purity materials is what makes vacuum concentrators so important. The rising need for vacuum concentrators in academic and research institutions, biotechnology and pharmaceutical firms, hospitals and CDCs, and other end-user sectors is credited with driving the market expansion.
COVID-19 Impact: COVID-19 Imparted Remote Monitoring Importance on Research Diagnostics and Vaccine Development Accelerated the Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
There may be a greater need for laboratory supplies, such as vacuum concentrators, in fields pertaining to COVID-19 research, diagnosis, and vaccine development. Equipment for concentration and sample preparation may have been in increased demand from labs working in these fields. The trend towards remote work and restrictions on laboratory access may have had an impact on the need for specific kinds of equipment. It's possible that research activity were maintained or perhaps expanded at laboratories that were less impacted by closures. It's possible that the pandemic changed the focus of study in a number of scientific domains, which had an effect on the kinds of lab equipment that were in demand. For instance, there may have been a rise in interest in virology and infectious illness studies.
LATEST TRENDS
"Remote Monitoring and Sustainable Practices to Tumble Up the Market Sales"
Remote monitoring and control vacuum concentrators are becoming more and more popular because to the continued emphasis on working remotely and the ability to keep an eye on studies from a distance. More flexibility in managing experiments is therefore possible for researchers. In lab procedures, sustainability is becoming more and more important. Environmentally friendly features like water conservation and the usage of eco-friendly materials are being added by manufacturers to their equipment on a growing basis.
VACUUM CONCENTRATORS MARKET SEGMENTATION
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By Type
Based on type the global market can be categorized into individual and integrated.
Individual Vacuum Concentrators: A tiny vacuum pump called an individual vacuum concentrator is used to create and manage low-pressure steam. They are primarily used to clean wafers of different sizes in the semiconductor sector. Utilizing a standalone vacuum concentrator is referred to as "head-up cleaning" or "bumping." The wafer, which is fixed on a tabletop using rubber suction cups, is cleaned with a water spray.
Integrated Vacuum Concentrators: Systems known as integrated vacuum concentrators rely on a single power source to operate the device and gather trash. An engine, urethane cannula, flexible hose, and collecting bag make up the Central Vacuum System, the most popular type of integrated vacuum concentrator. There are two varieties of these products: Separate System Vacuum Concentrators (SSVC) and Central System Vacuum Concentrators (CSVC).
By Application
Based on application the global market can be categorized into academic and research, biotechnology and pharmaceutical, hospitals and CDC and others.
- Academic and Research Institutions: In academic and research labs, vacuum concentrators are frequently used to concentrate biological materials like proteins, DNA, and RNA. PCR, gel electrophoresis, and mass spectrometry are examples of downstream analyses that frequently call for this concentrated material. Chemical extracts are cleaned of solvents by researchers using vacuum concentrators, which improves the samples' suitability for a range of tests and analysis.
- Hospitals and CDC (Centers for Disease Control and Prevention): Vacuum concentrators are used in clinical research in hospitals and CDC settings. They are especially useful for condensing biological samples from patients for study or diagnostic uses. Vacuum concentrators may be used to concentrate pathogens from clinical samples in the context of infectious disease research, which helps with the analysis and identification of infectious agents.
- Biotechnology and Pharmaceuticals: Vacuum concentrators are used in the biotechnology and pharmaceutical sectors to concentrate and dry samples linked to drug research, such as extracts from natural products, synthetic substances, or fermentation broths. Pharmacies must be consistent and pure, and during quality control procedures, biomolecules and chemical compounds must be concentrated and purified.
- Others (Food Industry, Environmental Testing): In environmental laboratories, vacuum concentrators are used to concentrate and analyze environmental samples, including soil or water samples, in order to identify and quantify pollutants. Vacuum concentrators can be used in the food sector to concentrate natural flavorings, scents, and extracts for use in food and beverage goods. Vacuum concentrators are used in forensic labs to concentrate and prepare materials for examination, such extracting chemicals from biological or crime scene evidence.
DRIVING FACTORS
"Sample Preparations and Drug Discovery to Bolster the Market Growth"
Vacuum concentrators are essential for sample processing, particularly in the disciplines of genomics, proteomics, and molecular biology. The need for vacuum concentrators is driven by the necessity of concentrating and prepping biological samples for studies such as mass spectrometry, gel electrophoresis, and PCR. Vacuum concentrators are used in the biopharmaceutical and pharmaceutical sectors to clean and concentrate samples that are being studied for new drugs. The need for these tools is fueled in part by the expansion of drug development initiatives.
"Increased Funding for Research Activities in the Phase of COVID-19 to Ascend the Market Sales"
Sufficient financial resources for educational and research establishments, together with pharmaceutical and biotechnology firms, facilitate the acquisition of sophisticated laboratory apparatus, such as vacuum concentrators. The market is growing as a result of efforts and research projects in many different sectors. Vacuum concentrators are used in clinical and diagnostic research in the healthcare industry, which includes hospitals and research facilities. The use of these devices is driven by the need to concentrate biological samples for applications such as genetic testing, illness diagnosis, and other medical research applications.
RESTRAINING FACTOR
User Skill, Training, Cost and Maintenance Requirements to Hold Back the Market Growth
Vacuum concentrator optimization and proper operation need some user expertise and training. Setting the right settings might be difficult for novice users, which could result in ineffective concentration or sample loss. A vacuum concentrator can be somewhat expensive to buy at first, especially the more complex types. For smaller labs or universities with tighter finances, this might be a barrier. Vacuum concentrators require routine maintenance to operate at their best, just like any other piece of lab equipment. Cleaning, rotor inspection, and, in some situations, consumable replacement of gaskets and seals are examples of maintenance duties. As a result, the above factors are expected to impede the vacuum concentrators market growth under consideration throughout the projected timeframe.
VACUUM CONCENTRATORS MARKET REGIONAL INSIGHTS
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"The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa."
North America with Presence of High-Performance Vacuum Systems to Dominate the Market Growth
The North American vacuum concentrators market share is estimated to keep ascending in monetary value by 2022 and is projected to grow at a rising CAGR during the forecast period. The market is expected to increase as a result of the growing need for high-performance vacuum systems for industrial operations including biotechnology and pharmaceuticals, as well as for research and development (R&D) applications. The market for vacuum concentrators in North America is expanding due to several factors, including a rise in R&D activity, expanding demand from different industrial sectors, and increased public awareness of the advantages of vacuum technology.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
Important industry players have a big impact on the market and are crucial in determining customer preferences and market dynamics. These major firms provide consumers easy access to a vast array of clothing alternatives through their huge retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also enhanced consumer trust and loyalty. These industry titans also consistently fund R&D, bringing cutting-edge designs, materials, and clever features to vacuum concentrators to meet changing customer demands and preferences. These big businesses' combined efforts have a big impact on the market's future direction and level of competition.
List of Market Players Profiled
- Thermo Fisher Scientific (U.S.)
- Labconco (U.S.)
- Eppendorf (Germany)
- SP Industries, Inc. (U.S.)
- Martin Christ (Germany)
- LaboGene (Denmark)
- Gyrozen (South Korea)
- Beijing Jiaimu (China)
- Hunan Herexi (China)
- Beijing Boyikang (China).
INDUSTRIAL DEVELOPMENT
- August 2020: With the intention of increasing the manufacture and manufacturing of COVID-19 testing materials, Thermo Fisher Scientific constructed a new plant in Lenexa.The company declared in December that it would buy Phitonex, Inc.
REPORT COVERAGE
The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 37 Million in 2020 |
Market Size Value By |
US$ 81.8 Million by 2032 |
Growth Rate |
CAGR of 5.9% from 2020 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type And Application |
Frequently Asked Questions
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1. What value is the vacuum concentrators market expected to touch by 2032?
The global vacuum concentrators market is expected to reach USD 81.8 Million by 2032.
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2. What CAGR is the vacuum concentrators market expected to exhibit by 2032?
The vacuum concentrators market is expected to exhibit a CAGR of 5.9% by 2032.
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3. Which are the driving factors of the vacuum concentrators market?
Rising sample preparations, drug discovery and increased funding for research activities are the driving factors of the market.
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4. What are the key vacuum concentrators market segments?
The key market segmentation that you should be aware of, which include, Based on type the market is classified as individual and integrated. Based on application the market is classified as academic and research, biotechnology and pharmaceutical, hospitals and CDC and others.