Pune, India, March, 2023 /MRFR Press Release/- Market Research Future published a cooked research report on global medical suction device market.
Rising incidences of respiratory diseases and growing need for compact and portable devices are attributed to fuels the growth of the global medical suction device market at a CAGR of 4.85% during the forecast period 2022 to 2030.
Market Research Future (MRFR) has published a cooked research report on the “global medical suction device market” that contains the information from 2022 to 2030. The medical suction device market is estimated to register a CAGR of 4.85% during the forecast period of 2022 to 2030.
MRFR recognizes the following companies as the key players in the global medical suction device market— Olympus Corporation (Japan), Atmos MedizinTechnik GmbH & Co.KG (Germany), Anand Medicaids Private Limited (India), Amsino International, Inc. (US), ZOLL Medical Corporation (US), Laerdal Medical (Norway), Medela AG (Switzerland), Medicop (Slovenia), Allied Healthcare Products, Inc. (US), Precision Medical, Inc. (US), and Integra Biosciences AG (Switzerland).
Global Medical Suction Device Market Highlights
The global medical suction device market is accounted to register a CAGR of 4.85% during the forecast period and is estimated to reach USD 1.64 billion by 2030.
A medical suction device is used to remove foreign substances from a patient’s windpipe and/or lungs and remove respiratory secretions during a medical procedure.
The growth of the global medical suction devices market is attributed to the paradigm shift from traditional healthcare settings to home healthcare and the increasing need for compact and portable devices. However, highly commoditized market and limited reimbursement policies may hamper the market growth.
Segment Analysis
The global medical suction device market has been segmented based on medical suction system, portability, application, type, end user.
On the basis of medical suction system, the market is segmented into surgical suction devices, respiratory tract suction, dental surgical suction pump, lab vacuum pump, and accessories. The surgical suction devices segment held the largest market in 2021.
Based on portability, global medical suction market has been segmented into handheld suction devices and wall-mounted suction devices.
On the basis of application, the market has been segmented into airway cleaning, surgical applications, gynecology, and others.
The global medical suction device market, on the basis of type, has been segmented into electrically operated devices, battery-powered devices, manually operated devices, and others. The electrically operated devices segment held the largest market in 2021.
Based on end user, global medical suction market has been segmented into hospitals & clinics, ambulatory surgical centres, homecare, and others.
Explore In-depth Details: Medical Suction Device Market Research Report
Regional Analysis
The global medical suction device market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and Middle East & Africa. Americas consists of region namely North America and Latin America. The North America further includes US and Canada. The Europe medical suction device market comprises of Western Europe and Eastern Europe. The Western Europe includes countries namely Germany, France, the UK, Italy, Spain, and the rest of Europe. The medical suction device market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Middle East & Africa medical suction device market comprises of Middle East and Africa.
The decreasing cost of medical suction devices is further increasing their demand in the US. The growing prevalence of chronic diseases and the rising number of surgical procedures is anticipated to drive the growth of the Americas market as medical suction device possesses a high potential to treat such diseases.
Moreover, the rapidly growing geriatric population in the region is anticipated to result in an increased demand for emergency care and growth in surgical procedures. For instance, according to the published article in Eurostat in 2020, more than one-fifth (20.6%) of the EU population was aged 65 and over, boosts the market growth.
Furthermore, there has been a dramatic rise in the quality of research on medical devices in the region and increasing research opportunities driven by rapid economic growth. An increase in per capita disposable income is also anticipated to act as a significant factor contributing to the Asia-Pacific regional market's growth.
In addition, growing healthcare affordability among the population is propelling the market growth of the Middle East & Africa. Also, there has been positive growth in the medical device industry due to increasing R&D expenditures and investments in developing innovative medical devices. Lastly, the growing aging population susceptible to chronic respiratory conditions further contributes to the Middle East & Africa market's growth.
Key Findings of the Study
- The global medical suction device market is expected to reach USD 1.64 billion by 2030 at a CAGR of 4.85% during the forecast period.
- The Europe region held the second largest market share of the global market, owing to the extensive research and product approvals in medical suction devices and a growing number of cases of respiratory disorders.
- Based on application, the surgical applications segment held the largest market in 2021, with a market share of 37.64%.
- Olympus Corporation (Japan), Atmos MedizinTechnik GmbH & Co.KG (Germany), Anand Medicaids Private Limited (India), Amsino International, Inc. (US), ZOLL Medical Corporation (US), Laerdal Medical (Norway), Medela AG (Switzerland), Medicop (Slovenia), Allied Healthcare Products, Inc. (US), Precision Medical, Inc. (US), and Integra Biosciences AG (Switzerland) are the key players in the market.
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 128 |
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