The latest Fact.MR market study offers medical suction devices demand outlook and studies growth opportunities in key segments, including product, application, portability, and end user.
Surgical Applications to Account for the Highest Sales, Enabling Medical Suction Devices Market Growth at a CAGR of 4% through 2031
The latest Fact.MR market study offers medical suction devices demand outlook and studies growth opportunities in key segments, including product, application, portability, and end user. The survey also reveals key factors, affecting the growth trajectory of the medical suction devices market between 2021 and 2031
Fact.MR – A Market Research and Competitive Intelligence Provider: As per a study by Fact.MR, the global medical suction devices market is expected to register healthy growth at a CAGR of 4% during the forecast period 2021 to 2031. Increasing usage of medical suction devices to assist childbirth or during parturition will create lucrative opportunities for growth.
Increasing cases of chronic respiratory diseases such as asthma, acute lower respiratory tract infections, lung cancer, and chronic obstructive pulmonary disease (COPD), is a major factor facilitating the market growth. According to a report by World Health Organization (WHO), approximately 262 million people around the world were affected by asthma, causing nearly 461000 fatalities in the year 2019.
Medical suction devices play a crucial role in a wide range of medical procedures such as removing saliva, mucus, and other fluids from the respiratory track with the help of a vacuum. Thus, with the increasing prevalence of respiratory illnesses, demand for these devices is likely to spur in the coming year.
Driven by rising number of surgical procedures across the globe, the surgical application segment is anticipated to contribute the largest revenue share in the global market. In addition to this, growing aged population and rising demand for emergency care will bolster the sales prospects for medical suction devices manufacturers.
“Paradigm shift of consumer preference from traditional health care to advance home health care solutions, coupled with the increasing need for portable and compact medical devices, will pave the way for the market growth. Besides this, surging demand for emergency care and rise in geriatric population will drive the sales in coming years,” says the Fact.MR analyst.
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Key Takeaways from Medical Suction Devices Market Survey
- The U.S. is estimated to lead the market for medical suction devices in North America, owing to the high prevalence of chronic respiratory ailments in the region.
- The U.K. is expected to project substantial growth in the European market favored by the increasing government support and favorable reimbursement policies.
- Backed by the rising number of baby delivery procedures and improving surgical interventions in China, the market in the country is likely to expand at a rapid pace over the assessment period.
- India is forecast to emerge as a highly lucrative market for medical suction devices, in response to the increasing number of surgical procedures due to rising medical tourism in the country.
- Based on the portability, the hand-held devices segment is projected to exhibit significant growth, attributed to the growing adoption of in-home healthcare services and emergency care services.
Key Drivers
- Increasing incidence of chronic respiratory diseases such as acute lower respiratory tract infections and asthma are propelling the demand for medical suction devices.
- Rising number of surgical procedures across the globe is accelerating the sales of medical suction devices.
- Growing aged population and surging birth rate in Asia Pacific countries such as China, India, and others are driving the market growth.
Key Restraints
- Limited reimbursements for home care is hampering the sales of hand-held portables medical suction devices.
- Stringent regulatory approvals for new product launches is a factor restraining the market growth.
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Competitive Landscape
The global market for medical suction devices is highly fragmented and competitive in nature due to the presence of large number of local as well as global players in the landscape. Companies are focusing on launching new products in order to expand their product portfolio and gain advantage over other competitors. For instance,
- TESUKO, a leading Healthcare Systems & Services provider, announced launching its new medical gas-driven suction device, the Power-Vac. The device is suitable for use in hospital settings such as life support and assistance of oxygen or suction therapy.
- Inscope Medical Solutions, an innovative medical device manufacturing company, introduced the world’s first laryngoscope with integrated suction. It is a disposable laryngoscope allowing medical personnel’s to maintain a clear view of the respiratory airway.
Some of the prominent medical suction devices providers profiled by Fact.MR are:
- Allied Healthcare Products Inc.
- Precision Medical Inc.
- Drive Medical
- INTEGRA Biosciences AG
- Medicop Inc.
- SSCOR Inc.
- ATMOS MedizinTechnik GmbH & Co. KG
- ZOLL Medical Corporation
- Welch Vacuum
- Laerdal Medical
- Labcoco Corporation
- Labconco Corporation
- Amsino International, Inc.
- Olympus Corporation.
More Valuable Insights on Medical Suction Devices Market
Fact.MR, in its new report, offers an unbiased analysis of the global medical suction devices market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in the medical suction devices market with detailed segmentation:
By Product
- AC-Powered
- Battery-Powered
- Dual-Powered
- Manually-Operated
By Application
- Surgical
- Airway Clearing
- Research & Diagnostics
By Portability
- Wall-Mounted
- Hand-Held
By End User
- Homecare Setting
- Hospitals
- Clinics
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Covered in the Medical Suction Devices Market Report
- The report offers insight into medical suction devices demand outlook for 2021-2031
- The market survey also highlights projected sales growth for the medical suction devices market between 2021 and 2031
- Medical suction devices market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Medical suction devices market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others.
Explore Fact.MR’s Coverage on the Healthcare Domain
Medical Device Reprocessing Market - Various regional regulatory authorities regulate reprocessing practises. A changing regulatory environment favouring medical device reprocessing in a number of countries, including France and Japan, is expected to drive growth in this market. The growing preference among healthcare professionals for improved reprocessed medical devices is driving market growth. Increased cases of cancer and other chronic diseases in the region are expected to increase demand for reprocessed medical devices.
Tracheobronchial Suction Catheters Market - The market for tracheobronchial suction catheters is expected to grow significantly over the forecast period, as the prevalence of respiratory problems rises. Mucus blockage causes a variety of respiratory problems, including chest pain. The growing patient pool directly benefits the market for tracheobronchial suction catheters. One of the driving factors for the tracheobronchial suction catheters market is the advancement of technology in tracheobronchial suction catheters that cause no harm to organs during the suction process.
Surgical Suction Pumps Market - Increased demand for gynaecology and obstetrics procedures, rising demand for cosmetic surgeries requiring liposuction, and rising applications of minimally invasive procedures due to shorter healing times and lower risk of complications are expected to drive the growth of the surgical suction pumps market over the forecast period. Suction pumps are also increasingly being used in point-of-care settings, which contributes to the growth of the surgical suction pumps market.
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