Global Medical Suction Devices Market: Overview and Scope
Suction devices have a wide range of applications in the clinical environment and are used to remove fluid and other debris in the body with the help of a vacuum. Medical suction devices, both handheld and wall-mounted ones, are used in surgical procedures, for airway clearing, and in research and diagnostics at home, hospitals, pre-hospitals, and clinics. These devices can be manually operated or be battery-powered, AC-powered, or dual-powered.
Hospitals and clinics are the most preferred settings for medical suction devices, and the soaring demand for suction devices in these areas positively impacts the demand for wall-mounted devices. While the demand for medical suction devices in surgical applications is significantly high, their application in the field of diagnostics is anticipated to gain prominence in the coming years owing to an increase in clinical research and diagnostics.
The report offers clients an in-depth evaluation of the performance, contribution, and size of the medical suction devices market. The scope and dynamics of this market also form an integral part of the research study. The leading segments and players have been identified and assessed with the help of the latest market intelligence tools, including SWOT analysis, Porter’s Five Forces analysis model, market attractiveness analysis, and value chain analysis.
Global Medical Suction Devices Market: Key Trends and Opportunities
The paradigm shift from traditional health care settings to home health care, coupled with the growing need for portable and compact devices, has significantly boosted the market for medical suction devices. Portable suction devices are easy to use, reliable, and durable and as a result, their adoption in home care settings has greatly increased. The increase in aging population is another factor boosting the market for medical suction devices. Rising geriatric population globally will result in an increased demand for emergency care and growth in surgical procedures. This, in turn, will positively impact the need for effective suction devices.
Other factors driving the global medical suction devices market include declining prices of suction devices, increase in the number of surgical procedures, and growing incidences of chronic respiratory diseases.
Global Medical Suction Devices Market: Region-wise Outlook
Geographically, the global medical suction devices market can be segmented into Asia Pacific, Europe, North America, and Rest of the World. North America accounts for the largest share in the overall medical suction devices market and is most likely to retain its lead throughout the forecast period. One of the key factors boosting the market for medical suction devices in this region is the rising incidence of chronic diseases across the region. The Centers for Disease Control and Prevention (CDC) estimates that around 50% of the American population suffered from at least one chronic disease in 2014. Seven out of 10 deaths in the U.S. resulted from chronic diseases and these diseases accounted for a whopping 86% of the total health care costs in the country.
The Asia Pacific market for medical suction devices is projected to gather steam in the coming years and expand at the fastest pace through 2024. The increasing prevalence of chronic diseases, the increase in aging population, and the consequent increase in home care as well as surgical interventions will bolster the medical suction devices market in Asia Pacific. The growing focus of leading players on the APAC region as a strong and lucrative contender is also anticipated to benefit the medical suction devices market here.
The international medical suction devices market boasts of a number of small and large players competing at various levels. These include Laerdal Medical, Labconco Corporation, ZOLL Medical Corporation, Precision Medical, Inc., Medela Holding AG, Amsino International, Inc., INTEGRA Biosciences, Welch Vacuum, Drive Medical, Allied Healthcare Products, Inc., Olympus Corporation, MG Electric Ltd., Medicop, ATMOS Medizintechnik GmbH & Co. KG, SSCOR, Inc., and Weinmann Geräte für Medizin GmbH + Co. KG.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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