Medical Suction Device Market Global Upcoming Demand, Growth Analysis and Forecast till 2027
The global medical suction device market is anticipated to expand at 4.5 % CAGR over the forecast period (2017-2023) owing to the growing prevalence of respiratory diseases, asserts Market Research Future (MRFR). Medical suction devices are installed in hospitals for various medical reasons such as respiratory condition where the secretion of serum and mucus has to be removed from the body. These suction devices help a patient to expel mucus or serum out of the body manually.
Future Drivers and Constraints impacting the Market
Medical suction devices are used in various surgical procedures like delivery of a baby, respiratory surgery, and others. With the rapid technological advancements, growing birth rate, growing prevalence of respiratory diseases, and rising birth rate, the global medical suction device market is expected to propel over the assessment period. Additionally, growing population, increasing geriatric population, and need for advanced technology are also anticipated to stimulate the market growth over the review period. Moreover, constant rise in chronic diseases and decline in the prices of medical suction devices is also expected to foster the market growth across the globe.
On the flip side, the strict reimbursement policy for suction devices is anticipated to inhibit the market growth of the medical suction device market globally over the assessment period. Also, limited compensation approved for the home care segment is hampering the market growth over the review period.
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Global Medical Suction Device Market: Segmental Analysis
The global medical suction device market has been segmented into application, type, suction parts, end-users, and region.
By mode of type, the global medical suction device market is segmented into battery-powered, electric-powered, manual, dual, and others.
By mode of application, the global medical suction device market is segmented into research, surgical, and others. The surgical segment is further segmented into childbirth, respiratory diseases, and others.
By mode of suction parts, the global medical suction device market is segmented into vacuum gauge, bacterial filter, vacuum pump, suction catheter, moisture or debris trap, and others.
By mode of end-users, the global medical suction device market is segmented into hospital, clinics, home care, and others. Clinics and hospitals are the most preferred settings for medical suction devices and high demand for suction devices in this segment affect the market positively.
Regional Insights
Geographically, the medical suction device market spans across America, Europe, Asia Pacific, and the Middle East and Africa.
Among all the regions, America is predicted to hold the largest share due to the presence of a large number of patient population suffering from respiratory diseases, rising expenditure on healthcare, and growing geriatric population in this region.
Europe is the second largest market closely followed by Asia Pacific owing to the changing reimbursement policies and rising government support in Europe. Asia Pacific is predicted to be the fastest growing region due to the presence of huge patient population, high birth rate, rising respiratory diseases, and presence of rapidly developing economies. The Middle East and African region, on the other hand is predicted to showcase a limited but steady growth over the assessment period.
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Industry News
Zirc has introduced a new hands-free suction device named The Pink Petal. The device slides into the saliva ejector and provides comfortable and continuous hands-free suction with no additional attachments. The device holds the saliva ejector exactly where it is required at the back corner of a patient’s mouth without obstructing the view.
Competitive Analysis
Some of the key players operating the global market for medical suction devices are Laerdal Medical (Norway), Amsino International Inc. (US), Siemens Healthcare Private Limited (Germany), Olympus Corporation (Japan), SSCOR Inc. (US), Labconco (US), Medico Inc. (US), ZOLL Medical Corporation (US), ATMOS MedizinTechnik GmbH & Co. KG (Germany), Allied Healthcare (UK), Drive Medical (US), INTEGRA Biosciences AG (Switzerland), Welch Vacuum (US), Precision Medical Inc. (US), and others.
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