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The pneumatic tube system is an inventory in hospitals to help cover the long distances in conditions like emergency surgeries where blood product or sample result is needed urgently. They are used to transport materials safely and efficiently between two or more points. In health care premises, they provide cost-effectively and efficient solutions to transportation problems. The factors thrusting the market's growth are increased adoption of automated solutions in pharmacies and laboratories, the emergence of the e-commerce industry, and enhanced productivity assisted by improved supply chain processes.
The rising adoption rate of cost-effective solutions by various key players and robust research and development in tube systems are propelling the market's growth. Furthermore, the rise in the adoption of automated solutions in pharmacies and laboratories is augmenting the market revenue growth as the system helps to improve productivity, enhance data quality, and reduce cycle time. The use of pneumatic tube systems in industrial factories helps to boost productivity, product quality, etc., which leads to the growth of the pneumatic tube systems market. During the pandemic, hospitals also faced a staff shortage which ultimately demanded the urgency of the Pneumatic tube system. Additionally, the cost involved in a pneumatic tube system is not high, hence boosting the increase in demand.
However, the considerable cost of compressed air technologies and complexity connected with the installation and sensitivity of pneumatic tube device to vibration or severe temperature changes are issues restricting the market growth of pneumatic tube systems.
Key Market Driver -
Increased Adoption of Cost-Effective Solutions
Key Market Restraint -
Complexity associated with Installation
Globally, the pneumatic tube system market can be segmented into types by systems and services, end-user, and geography. The market has been divided into single phase pneumatic tube systems and three phased pneumatic tube systems based on systems and services. On an end-user basis, the market can be categorized into medical & healthcare, commercial and industrial.
Geographically, the pneumatic tube system market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Major companies present in the pneumatic tube system market are Swisslog Holding AG (KUKA), Aerocom Systems Inc., Eagle Pneumatic Inc., Air-Log International GmbH, Hanter Ingenjörsteknik AB, Pevco, KellyTube, Zip Pneumatics, Colombo Pneumatic Tube Systems, and other prominent players.
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Based on the segmentation of the region, the global pneumatic tube system market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The pneumatic tube system provides an efficient and cost-effective solution to medical logistics. North America is projected to lead the market and is estimated to retain its leading position over the forecast duration. Factors such as the rising adoption of various applications and the use of pneumatic tube systems for delivering drugs & specimens to-and-from laboratories are propelling the market growth in the region. In August 2021, Security platform provider Armis announced a patch and mitigation steps to tackle nine critical vulnerabilities in the firmware for PTS used by 3,000 hospitals or above, predominantly in North America. As per Armis, the firmware powers all current models of the Translogic pneumatic tube system station made by Swisslog Healthcare. The Asia Pacific region is estimated to secure the second position in the market, respectively, owing to the improvements in healthcare infrastructure. According to World Economic Forum, there is a huge acceptance of new technology in healthcare in the Asia Pacific region. The APAC region is foreseen to be a high-speed growing market as greater schemes are being commenced by the governments and various well-established players in the market. The region is also complemented by increased healthcare expenditure and mounting disposable incomes in India and China. Latin America and the Middle East & Africa are assessed to account for moderately market revenue shares and growth rates due to shortage of healthcare IT professionals and less awareness about advanced technologies.
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