Medical Suction Device Market with Global Growing Industry Crucial Key Players - Precision Medical, Inc., Siemens Healthcare Private Limited, Olympus Co., Medico, Inc.

Industry News:

Olympus Corporation a Japanese manufacturing company is specialized in optical and digital precision technology. It is a global leader in medical systems market. Olympus has several ranges of suction pumps available such as Olympus kv-5 suction Pump, Olympus kv-4 suction pump and Olympus ssu-2 suction pump. KV-6 pump is more popular because of its compact design, high suction performance as well as the maximal flexibility of use.

Weinmann Geräte für Medizin GmbH + Co. KG is a company specialized on medical systems was founded on 1874. They have a robust suction design for cleaning of airways. They have a different range of suction pump; MANUVAC for manual suction, ACCUVAC Pro and ACCUVAC Lite for electric suction and oxygen or compressed gas-operated suction with OMNIVAC.

ATMOS MedizinTechnik GmbH & Co. KG is one of the global leaders in medical suction device. It has four different categories of suction devices for different applications i.e Respiratory tract suction, surgical suction. Thorax drainage, Wound&Vacuum extraction. ATMOS NPWT pump is a revolutionary product which enhances wound healing using negative Pressure therapy and has fewer side effects in comparison to its competitor’s product. Atmos 351 Natal is a suction device used for vacuum assisted normal delivery. It is faster safe and less painful in comparison to forceps delivery.

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Medical Suction Device Market – Insights

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.

The Global Medical Suction Devices Market is expected to grow at a steady CAGR of 4.5% during the forecasted period.

Medical Suction Device Market - Key players

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)

Medical Suction Device Market - Segmentation

The Global Medical Suction Device Market is segmented based on types, applications, suction parts and end users.

Based on types, the market is segmented: electric powered, battery-powered, dual, manual and others. Based on applications, the market is segmented into surgical, research and other. Surgical is further segmented into respiratory diseases, childbirth and others.

Based on suction parts, it is segmented: vacuum pump, bacterial filter, vacuum gauge, moisture or debris trap, suction catheter and others. Based on end users, the market is segmented into homecare, hospital, clinics, and others.

Medical Suction Device Market - Dynamics

Drivers

Suction is one of the most basic and ubiquitous applications in treatment and is widely used for cases of respiratory surgery, delivery of baby, and a host of other factors. Increasing prevalence of diseases with a high frequency of medical suction devices uses such as respiratory disorders, pregnancies, cancers, gastrointestinal diseases etc. are the prime drivers of the market. Growing caesarean section pregnancies and Liposuction are the strongest clinical driver of the market. The World Health Organization (WHO), estimates that 32% of all deliveries in America was caesarean. Risk factors such as rising geriatric population, increasing pollution, allergies etc. are other drivers of the market.

Technological advancements such as battery improvements, greater functions, portability and miniaturization are the technical drivers of the market.

Restraints

The advent of global supply chains with cheap supply of surgical instruments especially from China is expected to result in low cost manufacturing and will favor the market. However advanced devices manufacturers are expected to face strong competition from the low prized Chinese devices. There is a situation of worsening regulatory and reimbursement environment in the U.S.

The U.S. food and drug administration (FDA) classifies medical devices into Class I, II, and III with regulatory control increasing from Class I to Class III, based on the need to provide reasonable assurance of its safety and effectiveness. Class II and III devices need premarket approval (PMA) which is a very resource intensive and time-consuming process needing demonstration of valid scientific evidence of the health benefits of a device over the probable risks. Thus, the increase in stringency for clinical evidence and testing has lengthened the clearance process.

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Medical Suction Device Market - Regional Analysis

The America dominates the Global Medical Suction Device Market, which is followed by Europe. The Americas medical suction device market growth is attributed to increasing number of patients with respiratory diseases, large geriatric population, high healthcare spending, and well-developed healthcare sector.

The European medical suction device market is growing due to increasing government support to research & development, high healthcare expenditure, and increasing birth rate. According to the OECD, the healthcare expenditure in Germany was EUR 321 billion in 2014, which is followed by France with healthcare expenditure of EUR 237 billion. According to the Eurostat, in 2015, the average birth rate in Europe was 1.6 children per woman. Asia Pacific market shows the fastest growth owing to the presence of the huge patient population and rapidly developing economies. However, the Middle East & Africa region holds the least market share with a steady growth due to limited healthcare spending and less development in the medical sector.

Major Table of Contents

1 Report Prologue

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

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

4 Market Dynamics

Continued…

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