MARKET SIZE OF PNEUMATIC TUBE SYSTEM
Are you searching for the current market size of the Pneumatic tube System? Looking for demand and supply of a Pneumatic tube System? In this article, Hospaccx Healthcare Consultancy has mapped all the Information related to the Pneumatic tube System in the Indian market.
INTRODUCTION
The pneumatic tubes, also known by the name of capsule pipelines, are specially designed tubes that are utilized to force cylindrically shaped containers through systems of tubes with the help of compressed air or through the partial vacuum. These tubes are used for the transportation of solid objects, unlike the conventional pipelines that are used to transport just the fluids.
Hospitals make use of these pneumatic tubes to deliver drugs and specimens to and from laboratories in a much easier and faster way. Owing to the easy installation and low operating cost of these systems, they are widely accepted in various industries such as manufacturing, entertainment, and healthcare, among other industries.
Pneumatic tube systems are basic inventory in hospitals with more than 200 beds. Because they are the best solution when long distances need to be covered and when seconds count, for example during surgery, when a blood product or a sample result is needed urgently. Whether blood-, tissue, urine samples, or medication – when speed is vital, the hospital tube system will transport items fast, safe, and shock-free.
In recent advancements, the manufacturers are now coming up with smart solutions such as using software to track real-time data, smart network paths for increasing systems performance, which leads to decreasing the delivery time and increase safety.
KEY PLAYERS OPERATING IN THE MARKET
- Swisslog Holding
- Kelly Systems
- Eagle Pneumatic
- Siebtechnik
- Airlink International
MARKET SCENARIO
The Pneumatic Tube System Market was valued at USD 2.12 billion in 2019 and is expected to reach USD 2.84 billion by 2025, at a CAGR of 5% over the forecast period 2020 – 2025.
The market in APAC (Asia-Pacific) is expected to grow at the highest CAGR between 2019 and 2024.
The pneumatic tube systems are increasingly finding a place in many internal logistic problems of the producers of various goods and services. As the costs involved with these systems are low, there has been a significant increase in their demand. The system’s offerings of high-level security, user-friendly operation, and low maintenance costs are the significant reasons behind their growth.
- The market is mainly driven by demand for automation in material handling across industries, growing medical automation for reproducibility and accuracy, emerging e-commerce industry, and enhanced productivity enabled by improved supply chain processes. The rise in the adoption of automated solutions in pharmacies and laboratories is also propelling the pneumatic tube systems market.
- The primary factor driving the pneumatic tube systems market is the strong research and development in tube systems.
- One of the drawbacks of pneumatic tube systems is the damaged product caused during transportation, especially in the medical sector.
- The development of automatic pneumatic tube systems is helping the pneumatic tube systems market to grow.
MARKET SEGMENTATION
By System Type:
- Single Phase
- Three Phase
By System Configuration:
- Multiline System
- Single-Line System
- Point-to-Point System
By Function:
- Fully Automatic
- Semi-Automatic
By End User:
- Hospitals
- Laboratories
- Pharmacies
- Banks
- Logistics and Warehouses
- Manufacturing Plants
KEY MARKET TRENDS
- The pneumatic tube systems in hospitals transport everything, including emergency samples, medicine, units of stored blood, laboratory samples, documents, x-rays, and others. Thus, it creates a direct connection between all hospital wards, such as nursing wards, blood banks, administration offices, and out-patient departments. The hospital segment application includes laboratories, blood banks, nursing pharmacies, emergency rooms, and other such applications.
- With a rise in health concerns and stable economic growth in certain regions, the global hospitality industry growth is accelerating, and the factors mentioned above help in increasing the demand for pneumatic tube systems in hospitals. The human intervention free transportation also serves in minimizing the contamination risks and drive the vendors for offering unique solutions served in the market.
- Pneumatic tube systems are necessary inventory in hospitals because they are the best solution when long distances need to be covered and when seconds count, for example during surgery, when a blood product or a sample result is required urgently. Whether blood-tissue, urine samples, or medication, when speed is vital, the hospital tube system will transport items fast, safe, and shock-free.
- Companies like Pevco Systems have products like Pevco Link Web App for tracking real-time data for pharmaceuticals, specimens, and blood products. They also have Pavco Smart Path to increase system performance, safety, and decrease delivery time.
COMPETITIVE LANDSCAPE
The pneumatic tube system market is fragmented and has several manufacturers who strive to maintain a competitive edge in the market, thereby intensifying the competition in the market. Various innovations are taking place in the market, thus enhancing the growth of the market.
- April 2019 – Swisslog Healthcare showcases Industry standard-setting pneumatic tube system and autonomous service robot at AONE19. The TransLogic Pneumatic Tube System with Nexus Station and Savioke Relay Robot offers nursing staff convenient material transport with the highest levels of security to facilitate efficient workflow.
- October 2017 – Stemilt Growers LLC., the leading grower and distributor of apples, pears, cherries, and summer fruits, partnered with Swisslog to automate its intra-logistics processes with a PowerStore Pallet Shuttle at the heart of the system.
CONCLUSION
The high growth in Asian region is majorly attributed to the regions’ fast-growing e-commerce industry, the booming manufacturing sector, and numerous planned installations of systems, rising number of clinical research activities, and growing government expenditure on medical and healthcare facilities in the countries. Moreover, governments in APAC countries are increasingly emphasizing safety and security on production floors, which can be best achieved by the installations of these systems. In countries such as China, India, and Japan, the pneumatic tube system market is witnessing rapid growth owing to increasing investments to be installed at their facilities.
If you need any support regarding the best Pneumatic Shoot System supplier in India and about the current market position of the companies, you can contact us: Hospaccx healthcare business consulting Pvt. Ltd on: you can visit our website https://hospaccxconsulting.com/
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