Smoke Evacuation Systems Market 2020 Global Insights and Business Scenario – Medtronic plc, Conmed Corporation, Inc., Ecolab Inc., Stryker Corporation, and Ethicon, Inc.

The Smoke Evacuation Systems Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

The smoke evacuation systems market studied was anticipated to grow with a CAGR of 6.7%, during the forecast period. The significant factor attributing the market's growth is the growing number of cosmetic and laparoscopic procedures, health risk concerns for medical professionals and supporting government measures. The increasing technological development, increasing demand for minimally invasive surgeries, growing surgical procedures across the globe also drive the smoke evacuation systems market. Accompanying benefits including smoke-related risk mitigation, increased visibility, particularly during noninvasive and laser procedures, and decreased build-up on lenses of the camera is further expected to increase the adoption of smoke evacuation systems during the forecast period. All these key factors are expected to boost the growth of the smoke evacuation systems market in the future.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Smoke Evacuation Systems Market: Medtronic plc, Conmed Corporation, Inc., Ecolab Inc., Stryker Corporation, and Ethicon, Inc.

February 11, 2019: UTICA, N.Y.-- CONMED Corporation (NASDAQ: CNMD) today announced that it has completed its previously announced acquisition of privately-held Buffalo Filter LLC (Buffalo Filter) from Filtration Group. Buffalo Filter is the market leader in surgical smoke evacuation technologies. The company’s comprehensive product portfolio includes smoke evacuation pencils, smoke evacuators, and laparoscopic solutions. The transaction is being financed through a combination of the net proceeds of the Company’s new 2.625% convertible notes, which were issued on January 29, 2019, borrowings under the Company’s amended and restated credit facility, and cash on hand. The Company plans to provide additional guidance regarding the impact of the transaction on 2019 financial results when it reports first quarter financial results in late April.

06.26.18: Stryker to Acquire Surgical Smoke Evacuation Firm SafeAir AG

Stryker Corporation announced a definitive agreement to acquire SafeAir AG, a Swiss medical device company dedicated to the design, development, and manufacture of innovative surgical smoke evacuation solutions. The company's smoke evacuation products help reduce staff and patient exposure to hazards associated with surgical smoke.

"The acquisition of SafeAir AG is highly complementary to the Surgical business of Stryker's Instruments division, and strengthens our smoke evacuation portfolio in both the U.S. and Europe," said Timothy J. Scannell, group president, MedSurg and Neurotechnology. "This acquisition aligns with Stryker's focus of providing solutions that result in a higher quality of care and level of safety for both healthcare professionals and patients."

Key Market Trends

Laproscopic Surgeries segment is Expected to Hold the Largest Market Share in the Smoke Evacuation Systems Market

- Dominant share is retained by the laparoscopic surgeries segment owing to the attributes such as the growing acceptance of smoke evacuators for surgical interventions for ulcerative colitis, Crohn's disease, obesity, and diverticulitis. The rising advancement in technology over the last few years has opened up many opportunities for growth in the segment.
- The growing demand for minimally invasive surgeries is owing to the advantages such as fewer surgical incisions, shorter hospital stays, less painful, and quicker post-operative healing. The competitive advantage provided by these benefits acts as a distinct growth driver. Certain factors driving the market are advancements in technology, growing demand for medical facilities, higher rates of chronic diseases projected to further fuel the market growth.

North America Dominates the Market and Expected to do Same in the Forecast Period
North America is expected to maintain its supremacy in the overall smoke evacuation systems market, throughout the forecast period. This is owing to factors such as the growing cases of both laparoscopic and cosmetic procedures such as Botox, where laser treatment resulted in smoke plumes during surgery. Surgical smoke has been described as a risk by regulatory bodies such as the National Institute for Occupational Safety and Health (NIOSH). The NIOSH creates awareness with a view to reducing smoke plum exposure. Further, the rising prevalence of chronic diseases in the region, technological advancement, and the domicile presence of major players in the region are driving the growth and responsible for ensuring the dominance of the region.

Influence Of The Smoke Evacuation Systems Market Report:

-Comprehensive assessment of all opportunities and risk in the Smoke Evacuation Systems market.
- Smoke Evacuation Systems market recent innovations and major events.
-A detailed study of business strategies for growth of the Smoke Evacuation Systems market-leading players.
-Conclusive study about the growth plot of Smoke Evacuation Systems market for forthcoming years.
-In-depth understanding of Smoke Evacuation Systems market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Smoke Evacuation Systems market.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.

Analytical Tools: The Smoke Evacuation Systems Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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