How COVID-19 Impact on Medical Suction Device Market and What are the Growth Factors at the End 2027?
Europe, the Middle East and Africa Medical Suction Device Market- Forecast to 2021
The global medical suction device market is expected to mushroom in size and reach a significant valuation by the end of the forecast period of 2016-2027, claims Market Research Future (MRFR) in a minutely analyzed research report. Increasing prevalence of respiratory diseases such as asthma, occupational lung diseases and pulmonary hypertension, chronic obstructive pulmonary disease (COPD), and rapid adoption of suction devices will help the market achieve a steady CAGR by the end of the forecast period. Medical suction devices are used for various reasons in hospitals and clinics, but in the home setting, they are usually used for respiratory purposes. They are used to vacuum out secretions blocking the airways. Moreover, suction devices are used to prevent bacteria from escaping the collection bottle and for the same they are equipped with bacteria filters which makes suction devices very helpful for patients at risk of acquiring air-borne infection. The growing trend of home care for patients has resulted in an escalated demand for medical suction devices. Medical suction devices come in portable and compact sizes which makes their use in home care very convenient. Other than being compact, these devices are easy-to-use and can be operated with nominal assistance which has encouraged the use of such devices in home care.
Portable suction devices are gaining traction in hospitals, mobile healthcare units, and ambulatory services as they offer the advantage of continuity of service even in case of an emergency such as power failure and in remote locations. Increasing population, especially the global geriatric population boost the growth of the market. The aged populace is at more risk of acquiring respiratory and other chronic medical conditions which requires the use of suction devices. Conversely, the lack of proper reimbursement policies for homecare medical suction devices coupled with the high costs of the devices is restraining factors to the growth of the market. Other limiting factors include human error, the excessive negative pressure exerted by suction devices, equipment failure, and the complexity of procedures and transmission of infections.
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Segmentation
The global medical suction device market has been segmented based on types, treatments, and end users. By types, the market has been segmented into Portable suction unit, fixed suction unit, Mechanical hand pumps,Electrical operated pumps and Gas-powered venture suction units. By treatments, the market has been segmented into pulmonary hygiene, Hyperbaric Chambers, Intracranial hemorrhage, Erectile Dysfunctiono and Others. By end users, the market has been segmented into Hospitals, Clinics, Home cares, Dental clinic and Ambulance.
Regional Analysis
The key regions covered in the global medical suction devices market include the Americas, Europe, Asia Pacific and the Middle East & Africa. The Americas account for the largest share of the global market owing to the presence of a large patient pool with respiratory diseases and high expenditure on healthcare. Europe is the next largest market followed by Asia Pacific which is projected to emerge as the fastest growing market over the forecast period. Increasing government support and changing reimbursement scenario supports the growth of the Europe market while the presence of a substantial patient population and high medical expenditure in the fast developing regions favor the growth of the Asia Pacific market. The Middle East & Africa market is expected to exhibit limited but steady growth over the forecast period.
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Competitive Landscape
The notable players in the global medical suction device market include Olympus Corporation, Medela Holding AG, Precision Medical, Inc., ZOLL Medical Corporation, Laerdal Medical, Labconco Corporation, ATMOS MedizinTechnik GmbH & Co. KG, INTEGRA Biosciences, Medicop, SSCOR, Inc., Weinmann Geräte für Medizin GmbH + Co. KG, MG Electric Ltd, Allied Healthcare Products Inc., and Drive Medical.
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