Surgical Suction Instruments Market Set to Reach USD 503 Million by 2029, Driven by Increasing Demand Across Medical Applications
Surgical Suction Instruments Market Set to Reach USD 503 Million by 2029, Driven by Increasing Demand Across Medical Applications
Surgical Suction Instruments Market Set to Reach USD 503 Million by 2029, Driven by Increasing Demand Across Medical Applications

A new market research report titled “Surgical Suction Instruments Market by Type (Tubes, Tips, Retractors, Cannulae), Usability (Disposable, Reusable), Application (General Surgery, Neurosurgery, Orthopedic, Cardiovascular, Dental), End User - Global Forecast to 2029” highlights the projected growth of the global surgical suction instruments market. The market, valued at USD 375 million in 2024, is expected to reach USD 503 million by 2029, registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2024 to 2029.

The rising demand for surgical procedures, advancements in medical technology, and the growing aging population are key drivers contributing to the significant market expansion. The report segments the market by product type, usability, application, and end-user, offering a comprehensive analysis of the factors influencing market growth.

Download PDF Brochure

Key Insights:

Market Value: The surgical suction instruments market is projected to reach USD 503 million by 2029, up from USD 375 million in 2024.

CAGR: The market is expected to grow at a CAGR of 6.1% between 2024 and 2029.

Product Segmentation: The report categorizes instruments by type, including tubes, tips, retractors, and cannulae.

Usability: The market is divided into disposable and reusable instruments, catering to varying surgical requirements.

Applications: Applications of surgical suction instruments span multiple disciplines, including general surgery, neurosurgery, orthopedic surgery, cardiovascular surgery, and dental procedures.

End-User Segments: Hospitals, clinics, and other healthcare providers are the primary end users of these instruments, reflecting the broad demand across healthcare settings.

As surgical techniques continue to advance, the demand for efficient suction devices is expected to grow, enhancing surgical precision and patient outcomes. This report serves as a valuable resource for medical device manufacturers, healthcare providers, and investors seeking to understand the market dynamics and capitalize on emerging opportunities.

North America Emerges as Key Driver of Surgical Suction Instruments Market 

North America emerges as a dominant force in the global surgical suction instruments industry, boasting the largest CAGR among regions during the forecast period. This growth is attributed to various factors, including governmental initiatives promoting health awareness and subsidizing treatments, thereby stimulating market expansion. The region experiences a significant uptick in demand for surgical suction instruments, driven by evolving patient needs and dynamic shifts in the healthcare landscape.

Request Sample Pages

Key Developments Shape Surgical Suction Instruments Industry Landscape

1.  Olympus Corporation Enhances GI Endo Therapy Portfolio Through Acquisition

 In January 2024, Olympus Corporation expanded its capabilities by acquiring Taewoong Medical Co., Ltd., a Korea-based medical device manufacturer. This strategic move bolsters Olympus' GI Endo Therapy product portfolio, aiming to enhance patient outcomes through comprehensive solutions and elevate the standard of care in gastrointestinal endoscopy.

2.  Stryker Broadens Aneurysm Treatment Solutions with Cerus Endovascular Acquisition

May 2023 witnessed Stryker's acquisition of Cerus Endovascular Ltd. (UK), a medical device company specializing in neurointerventional devices. Cerus Endovascular's innovative products complement Stryker's existing portfolio, enriching the company's offerings in aneurysm treatment solutions and reinforcing its commitment to advancing neurointerventional care.

3.  Cardinal Health, Inc. Partners with Kinaxis to Enhance Supply Chain Agility

Cardinal Health, Inc. announced a strategic partnership with Kinaxis (Canada) to enhance the Kinaxis RapidResponse Platform for supply chain agility and medical product visibility. This collaboration underscores Cardinal Health's commitment to optimizing supply chain operations, ensuring efficient distribution of surgical suction instruments, and meeting evolving healthcare demands.

4.  Medtronic and American Society for Gastrointestinal Endoscopy Expand Health Equity Assistance Program

July marked the expansion of the Health Equity Assistance Program by Medtronic and the American Society for Gastrointestinal Endoscopy, supported by Amazon Web Services. As part of this initiative, the first installation of donated GI Genius intelligent endoscopy modules was completed, aiming to improve access to colon cancer screening and advance healthcare equity.

Content Source:

https://www.prnewswire.com/news-releases/surgical-suction-instruments-market-to-hit-usd-503-million-by-2029--driven-by-6-1-cagr--marketsandmarkets-302172856.html

https://www.marketsandmarkets.com/PressReleases/surgical-suction-instruments.asp

https://www.marketsandmarkets.com/ResearchInsight/surgical-suction-instruments-market.asp

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

disclaimer

What's your reaction?

Comments

https://timessquarereporter.com/public/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!

Facebook Conversations