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Medical Suction Device Market 2018 |Steady CAGR of 4.5%| Factor Analysis | ParamountLeading Players ATMOS MedizinTechnik GmbH & Co. KG Germany, Allied Healthcare UK, Drive Medical US |Forecast 2023
The global medical suction devices market is expected to grow at a steady CAGR of 4.5% during the forecasted period.
KEY PLAYERS FOR MEDICAL SUCTION DEVICE MARKET
ATMOS MedizinTechnik GmbH & Co. KG (Germany), Allied Healthcare (UK), Drive Medical (US), INTEGRA Biosciences AG (Switzerland), Precision Medical, Inc. (US), Siemens Healthcare Private Limited (Germany), Olympus Corporation (Japan), Medico, Inc. (US), SSCOR, Inc. (US), ZOLL Medical Corporation (US), Labconco (US), Amsino International, Inc. (US), Welch Vacuum (US), and Laerdal Medical (Norway)
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REGIONAL ANALYSIS FOR MEDICAL SUCTION DEVICE MARKET
The Americas holds the largest share of the global medical suction device market owing to the presence of huge number of patient with respiratory diseases, increasing geriatric population, and increasing healthcare expenditure. Europe is the second largest market followed by Asia Pacific due to increasing government support and changing reimbursement policies in Europe. The Asia Pacific region is the fastest growing market owing to the presence of huge patient population, increasing prevalence of the respiratory diseases, high birth rate, and the presence of rapidly developing economies. On the other hand, the Middle East & Africa is expected to have a limited but steady growth over the forecasted period.
SEGMENTATION FOR MEDICAL SUCTION DEVICE MARKET
The global market of medical suction device market is segmented on the basis of types, applications, suction parts and end users.
On the basis of types the market is segmented: electric powered, battery-powered, dual, manual and others.
On the basis of applications, the market is segmented into surgical, research and other. Surgical is further segmented into respiratory diseases, childbirth and others.
On the basis of suction parts, it is segmented: vacuum pump, bacterial filter, vacuum gauge, moisture or debris trap, suction catheter and others.
On the basis of end users the market is segmented into homecare, hospital, clinics, and others.
MARKET SCENARIO FOR MEDICAL SUCTION DEVICE MARKET
The medical suction devices are installed into hospitals for different medical reasons. A medical suction device used in respiratory conditions when secretion of mucous and serum has to be removed from the body. When the patient is unable to expel serum or mucous out of the body, these devices help them to remove it manually. They are also used during different surgical procedures such as respiratory surgery, delivery of baby, and others. Increasing prevalence of respiratory diseases, increasing birth rate and rapid development in technology drive the growth of the market. According to the World Health Organization (WHO), 32% of all deliveries in America was caesarean. In addition to this, rising geriatric population, increasing pollution, and increasing need for the advanced technology fuel the growth of the medical suction device market. However, stringent reimbursement policy for suction devices may hamper the growth of the global medical suction device market over the forecast period.
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MAJOR TOC FOR MEDICAL SUCTION DEVICE MARKET
Chapter 1.Report Prologue
Chapter 2. Market Introduction
2.1 Introduction
2.2 Scope of Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
Chapter 3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Model
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Supply Chain Analysis
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