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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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,
Some of the prominent medical suction devices providers profiled by Fact.MR are:
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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:
Key Questions Covered in the Medical Suction Devices Market Report
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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