The medical suction devices market refers to devices used in healthcare facilities for removing secretions, sputum and other fluids from airways of patients. These devices find widespread applications across emergency care, surgery and in-patient settings.
Medical suction devices include Ac-powered devices, battery-powered devices and dual-powered devices. They are used in various procedures such as respiratory care, gastroenterology, urology, thoracic and liposuction surgeries. Growing prevalence of respiratory diseases such as asthma and Chronic Obstructive Pulmonary Disease (COPD) is a key factor driving the demand for medical suction devices. According to WHO, 65 million people suffer from moderate to severe COPD worldwide.
The Medical Suction Devices Market is estimated to be valued at US$ 1.41 Bn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the medical suction devices are Olympus, Laerdal Medical, Medela AG, Precision Medical, Inc.,ATMOS Medizin Techni GmbH & Co. KG. These players are focusing on new product launches and partnerships to consolidate their market position.
The growing incidence of respiratory diseases, surgical procedures and trauma/injury cases is fueling the demand for medical suction devices globally. According to WHO, road accidents claim around 1.3 million lives each year. This is prompting increased adoption of these devices in emergency care settings.
Technological advancements are aiding capabilities of suction devices. New devices offer features like adjustable suction pressure, battery longevity, quiet operation, durability and portability. This is making them useful for home healthcare as well as ambulance services.
Market Trends
- Increased demand for portable and standalone devices: Lightweight and wireless medical suction devices are gaining traction as they offer mobility within healthcare facilities as well as in transport vehicles.
- Adoption of IoT enabled devices: Integration of Internet of Things (IoT) enables device monitoring, remote management and predictive maintenance of medical suction devices. This helps improve efficiency.
Market Opportunities
- Growth in home healthcare: Rising preference for home treatment is augmenting demand for small, rechargeable suction devices for home use.
- Emerging markets: Markets in Asia Pacific and Latin America are expected to provide high growth opportunities owing to increasing healthcare spending and large patient pools in these regions.
Impact Of COVID-19 On Medical Suction Devices Market Growth
The COVID-19 pandemic has significantly impacted the growth of the medical suction devices market. The demand for medical suction devices increased sharply during the crisis as they are critical for clearing secretions from airways of COVID-19 infected patients. Pre-COVID, the market was growing at a steady pace due to the rising prevalence of chronic respiratory diseases. However, post the outbreak, requirements surged from hospitals and healthcare facilities worldwide to manage the influx of coronavirus cases. Manufacturers have ramped up production capacities to fulfill the unprecedented demand. Governments across nations also provided incentives to companies and removed barriers to scale operations swiftly. Supply chain disruptions were among major challenges faced initially which impacted timely procurement. With stabilization of situations, steady supplies have been restored, while R&D investments continued towards innovative offerings. Going forward, though demands are expected to remain hightill pandemic subsides, long term growth will be driven by rising incidence of respiratory disorders, aging population and technological advancements. However, high costs remain a limiting factor for widespread adoption in low-income countries.
Geographical Concentration Of Medical Suction Devices Market
In terms of value, North America dominates the medical suction devices market holding over 35% share, led by the US. This is attributed to well-established healthcare infrastructure, heavy funding for medical research and rising rates of chronic illnesses in the region. Additionally, presence of leading manufacturers and willingness to pay for advanced treatments among population have boosted market growth. Europe is the second largest regional market supported by universal healthcare coverage and patient-centric reimbursement systems across major countries. Asia Pacific is poised to be the fastest growing market for medical suction devices in the coming years led by China and India. Factors such as rapidly developing healthcare sectors, rising healthcare spending, growing medical tourism and increasing focus on quality healthcare drive the regional market.
Fastest Growing Region In Medical Suction Devices Market
The Asia Pacific region is expected to witness the fastest growth in the medical suction devices market during the forecast period. This is owing to surging geriatric population, rising prevalence of respiratory diseases due to growing air pollution levels and changing lifestyle habits in countries like China and India. Additionally, governments are implementing new initiatives to modernize healthcare infrastructure and expand medical insurance coverage to larger population base. Leading manufacturers are also shifting production facilities and establishing regional headquarters to capitalize the high growth opportunities in Asia Pacific. Moreover, increasing medical expenditures, emergence of multi-specialty hospitals and clinics and availability of low-cost devices are fueling the demand. Hence, the large patient pool, growing healthcare awareness and improving access to services makes Asia Pacific the most promising emerging market for medical suction devices globally.
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What Are The Key Data Covered In This Medical Suction Devices Market Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Medical Suction Devices Market's growth between 2024 and 2031.
:- Accurate calculation of the size of the Medical Suction Devices Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Medical Suction Devices Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Medical Suction Devices Market vendors
FAQ’s
Q.1 What are the main factors influencing the Medical Suction Devices Market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Medical Suction Devices Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Medical Suction Devices Market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
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*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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