Medical Suction Devices Market Is Predicted To Grow Quickly Due To Increasing Prevalence Of Chronic Respiratory Diseases Till 2024: Grand View Research, Inc.
The global medical suction devices market is expected to reach USD
1.04 billion by 2024, according to a new report by Grand View Research. The
global medical suction devices market is expected to grow swiftly owing to the
increasing prevalence of chronic respiratory diseases, such as chronic
obstructive pulmonary diseases, asthma, and lung cancer. Additionally, the
market is growing rapidly due mainly to the increasing adoption of suction
pumps in the point-of-care facilities. Moreover, the availability of compact
suction devices has fostered the usage of these devices in ambulatory and
emergency centers.
The government bodies including
Ministry of Health and Family Welfare (MOHFW), Central Drugs Standard Control
Organization (CDSCO), and Association of Indian Medical Device Industry (AIMED)
provide the medical devices sector with a regulatory structure to promote
indigenous production. Such regulations are positively impacting the market.
Moreover, the increasing number of collaborations undertaken by companies, such
as Drive Medical, Olympus Corporation, Laerdal Medical, with the aim of introducing
technologically-advanced and improved devices is further boosting the growth of
the market.
However, the lack of
reimbursement coverage for the homecare suction devices and the high-cost of
the wall-mounted devices are some of the factors impeding the growth of the
market.
Some of the key players in this
market include 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, Labconco Corporation, Amsino International Inc., and Olympus
Corporation.
Browse full research report on Medical Suction Devices
Market: http://www.grandviewresearch.com/industry-analysis/medical-suction-devices-market
Further key findings from the study suggest:
- The non-portable segment is anticipated witness
lucrative growth during the forecast period owing to the increasing number
of surgical procedures and the high price of the devices. As a result,
this segment is projected to grow at the highest CAGR from 2016 to 2024.
- The upsurge in the number of hospitals, clinics, and
other healthcare facilities is propelling the demand for non-portable
aspiration devices
- The electrically powered vacuum systems segment
captured the largest market share in 2015.The large market share of the
segment was attributed to the widespread awareness and adoption of these
devices in surgical settings.
- The portable segment is expected to show rapid growth
during the forecast period owing to the rising adoption of home healthcare
services where portable and user-friendly medical devices are in demand
- North America captured the largest market share of
around 30% in 2015. Some factors contributing to the dominance of the
segment include the presence of well-established healthcare
infrastructure, existence of the leading market players, and the easily
attainable approval for the class I devices by the U.S. Food and Drug
Administration (FDA)
- Asia Pacific is identified as the fastest growing
market for medical suction devices. The factors including a large number
of untapped customers, the growing trends in the adoption of the
technically-advanced devices, and the expected rise in the target patient
population are anticipated to drive the growth of the market.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the medical suction
devices market on the basis of portability, vacuum systems, end-use, and
geography.
Medical Suction Devices Market, by Portability, 2013 -
2024 (USD Million)
- Portable
- Non-portable
Medical Suction Devices Market, by Vacuum Systems, 2013 -
2024 (USD Million)
- Manual
- Electrically
powered
- Venturi
Medical Suction Devices Market, by End-use, 2013 - 2024
(USD Million)
- Respiratory
- Gastric
- Wound
suction
- Delivery
room
- Others
- Operative
field
- Coronary
care
- Anesthetics
Medical Suction Devices Market, by region, 2013 - 2024
(USD Million)
- North
America
- U.S.
Medical Suction Devices Market, by Portability
- U.S.
Medical Suction Devices Market, by Vacuum Systems
- U.S.
Medical Suction Devices Market, by End-use
- Canada
Medical Suction Devices Market, by Portability
- Canada
Medical Suction Devices Market, by Vacuum Systems
- Canada
Medical Suction Devices Market, by End-use
- Europe
- UK
Medical Suction Devices Market, by Portability
- UK
Medical Suction Devices Market, by Vacuum Systems,
- UK
Medical Suction Devices Market, by End-use
- Germany
Medical Suction Devices Market, by Portability
- Germany
Medical Suction Devices Market, by Vacuum Systems
- Germany
Medical Suction Devices, by End-use
- Asia
Pacific
- China
Medical Suction Devices Market, by Portability
- China
Medical Suction Devices Market, by Vacuum Systems
- China
Medical Suction Devices Market, by End-use
- India
Medical Suction Devices Market, by Portability
- India
Medical Suction Devices Market, by Vacuum Systems
- India
Medical Suction Devices, by End-use
- Latin
America
- Brazil
Medical Suction Devices Market, by Portability
- Brazil
Medical Suction Devices Market, by Vacuum Systems
- Brazil
Medical Suction Devices Market, by End-use
- Mexico
Medical Suction Devices Market, by Portability
- Mexico
Medical Suction Devices Market, by Vacuum Systems
- Mexico
Medical Suction Devices Market, by End-use
- MEA
- South
Africa Medical Suction Devices Market, by Portability
- South
Africa Medical Suction Devices Market by Vacuum Systems
- South
Africa Medical Suction Devices Market by End-use
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-medical-suction-devices-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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