Major factors driving growth of the medical suction devices market include rise in technological advancement in medical suction device, increase in trend for use of battery powered medical suction device, and rise in prevalence of chronic obstructive pulmonary disease (COPD), amyotrophic lateral sclerosis, cystic fibrosis, bronchiectasis patients that find difficulty or unable to clear their own secretions. For instance, according to World Health Organization (WHO) report published in May 2022, chronic obstructive pulmonary disease (COPD) is the third leading cause of death worldwide, causing 3.23 million deaths in 2019. Furthermore, the surge in prevalence of geriatric population that is more vulnerable to bronchiectasis, chronic obstructive pulmonary disease (COPD) and rise in number of medical suction device assisted procedures such as childbirth propels the demand of medical suction devices and drive the growth of the market.
However, strict regulatory rules and regulation associated with medical suction devices are expected to hamper the medical suction devices market growth. On the contrary, unmet medical demands in developing countries and lucrative opportunities in emerging economies are expected to create immense opportunities for medical suction devices product manufacturers in the future.
Moreover, the healthcare business is projected to witness growth, owing to a rise in the use of medical suction devices for research and development activities boosting the growth of the medical suction devices market. In addition, rise in discovery & development of effective medical suction devices and rise in awareness regarding use of medical suction devices drive the growth of medical suction devices market in developing countries such as India and China. This is anticipated to offer remunerative opportunities for key players to invest in the market during the forecast period.
The medical suction devices market is segmented on the basis of type, portability, application, end user and region. Based on the type, the market is classified into electrically operated devices, manually operated devices, and venturi. On the basis of portability, the market is classified into portable, and non-portable. On the basis of application, the market is classified into airway clearing, surgical, and others. On the basis of end user, the market is classified into hospitals, clinics, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major players profiled in the report are Allied Healthcare Products, Inc., Amsino International, Inc., Asahi Kasei Corporation (ZOLL Medical Corporation), ATMOS MedizinTechnik GmbH & Co. KG, Integra Biosciences AG, Labconco Corporation, Laerdal Medical, Medela AG, Medicop d.o.o., and Precision Medical, Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the medical suction devices market analysis from 2021 to 2031 to identify the prevailing medical suction devices market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the medical suction devices market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global medical suction devices market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Electrically Operated Devices
- Manually Operated Devices
- Venturi
By Portability
- Portable
- Non portable
By Application
- Airway Clearing
- Surgical
- Others
By End Users
- Hospitals
- Clinics
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Allied Healthcare Products, Inc.
- MEDICOP d.o.o.
- Integra Biosciences AG
- Labconco Corporation
- Asahi Kasei Corporation
- Precision Medical, Inc.
- Amsino International, Inc.
- Medela AG
- ATMOS MedizinTechnik GmbH & Co. KG
- Laerdal Medical
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Table of Contents
Executive Summary
According to the report titled, “Medical Suction Devices Market," the medical suction devices market was valued at $730.70 million in 2021, and is estimated to reach $1,391.1 million by 2031, growing at a CAGR of 6.8% from 2022 to 2031. A medical suction device is a type of medical equipment used to remove bodily fluids, secretions, or debris from the body of a patient. It operates by creating negative pressure, which draws fluids or debris into a collection container. Suction devices are commonly used in emergency and clinical settings, such as hospitals, ambulances, and home care settings, to help clear the airway of a patient who is unable to clear secretions on their own.Key factors driving the growth of the medical suction devices market include rise in the prevalence of chronic obstructive pulmonary disease (COPD), amyotrophic lateral sclerosis, cystic fibrosis, and bronchiectasis patients who are unable to clear their own secretions. In addition, the increase in technological advancement in medical suction devices, and the surge in government activities to raise awareness regarding lung diseases drives the growth of the medical suction devices market. Furthermore, the increase in the number of surgical procedures performed in which medical suction devices are used and the increase in medical suction devices assisted delivery of babies has propelled the demand for medical suction devices and driven the growth of medical suction devices market. Moreover, in more critical cases, the covid-19 infection can trigger pneumonia, causing the lungs to become more inflamed and fill with fluid. So, various companies increased their production of the medical suction device and launched new advanced medical suction devices. Hence, these are some other factors that drive the growth of the medical suction devices market.
The market also offers growth opportunities to the key players in the market including rise in cases of pneumonia, increase in air pollution that causes lung infection, and acute respiratory diseases, and rise in prevalence of chest infections such as bronchitis and pneumonia drive the growth of the medical suction devices market. For instance, according to the data of World Health Organization (WHO) November 2022, children, adults over the age of 65 and people with preexisting health problems are at- higher risk for pneumonia. According to the same source, pneumonia accounts for 14% of all deaths of children under 5 years old, killing 740180 children in 2019. As a result, the key players engaged in the medical devices industry have invested in R&D for the discovery of new medical suction devices products that are expected to gain high traction and provide lucrative opportunities for the growth of medical suction devices market.
The medical suction devices market is segmented on the basis of type, portability, application, end user and region. Based on the type, the market is classified into electrically operated devices, manually operated devices, and venturi. On the basis of portability, the market is classified into portable, and non-portable. On the basis of application, the market is classified into airway clearing, surgical, and others. On the basis of end user, the market is classified into hospitals, clinics, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key players profiled in the study include Allied Healthcare Products, Inc., Amsino International, Inc., Asahi Kasei Corporation (ZOLL Medical Corporation), ATMOS MedizinTechnik GmbH & Co. KG, Integra Biosciences AG, Labconco Corporation, Laerdal Medical, Medela AG, Medicop d.o.o., and Precision Medical, Inc.. The players in the market such as Medela AG have been actively engaged in the adoption of various strategies such as collaboration to remain competitive and gain an advantage over the competitors in the market. For instance, in August 2020, Medela has been awarded a group purchasing agreement for Suction Canisters Yankauers with Premier Inc. Effective August 1, the new agreement allows Premier members, at their discretion, to take advantage of special pricing and terms pre-negotiated by Premier for airway suction device and virus filters.
Key Market Insights
- By type, the electrically operated devices segment was the highest revenue contributor to the market in 2021 and is estimated to reach $1292.5 million by 2031. The same segment is expected to be the fastest-growing segment with a CAGR of 6.9% during the forecast period.
- By portability, the portable segment was the highest revenue contributor to the market in 2021. The same segment is expected to witness a highest CAGR of 7.1%.
- By application, the surgical segment was the highest revenue contributor to the market in 2021. The airway clearing segment is expected to witness a highest CAGR of 7.9%.
- Based on end user, the hospitals segment was the highest revenue contributor to the market in 2021. However, the others segment is estimated to be the fastest-growing segment with a CAGR of 7.8% during the forecast period.
- Based on region, North America witnessed the highest growth in 2021, and Asia-Pacific is expected to witness highest CAGR of 8.7% during the forecast period
Companies Mentioned
- Allied Healthcare Products, Inc.
- MEDICOP d.o.o.
- Integra Biosciences AG
- Labconco Corporation
- Asahi Kasei Corporation
- Precision Medical, Inc.
- Amsino International, Inc.
- Medela AG
- ATMOS MedizinTechnik GmbH & Co. KG
- Laerdal Medical
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 400 |
Published | February 2023 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 730.7 million |
Forecasted Market Value ( USD | $ 1391.1 million |
Compound Annual Growth Rate | 6.7% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |