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Medical Suction Devices Market Poised to Create New Opportunity of over US$ 30 Million through 2031

07-13-2022 02:49 PM CET | Health & Medicine

Press release from: Fact.MR

As per a study by Fact.MR, the global medical suction devices market is expected to register healthy growth at a CAGR of 4% during the forecast period 2021 to 2031. Increasing usage of medical suction devices to assist childbirth or during parturition will create lucrative opportunities for growth.

Increasing cases of chronic respiratory diseases such as asthma, acute lower respiratory tract infections, lung cancer, and chronic obstructive pulmonary disease (COPD), is a major factor facilitating the market growth. According to a report by World Health Organization (WHO), approximately 262 million people around the world were affected by asthma, causing nearly 461000 fatalities in the year 2019.

"Paradigm shift of consumer preference from traditional health care to advance home health care solutions, coupled with the increasing need for portable and compact medical devices, will pave the way for the market growth. Besides this, surging demand for emergency care and rise in geriatric population will drive the sales in coming years," says the Fact.MR analyst.

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Key Takeaways from Medical Suction Devices Market Survey

The U.S. is estimated to lead the market for medical suction devices in North America, owing to the high prevalence of chronic respiratory ailments in the region.

The U.K. is expected to project substantial growth in the European market favored by the increasing government support and favorable reimbursement policies.

Backed by the rising number of baby delivery procedures and improving surgical interventions in China, the market in the country is likely to expand at a rapid pace over the assessment period.

India is forecast to emerge as a highly lucrative market for medical suction devices, in response to the increasing number of surgical procedures due to rising medical tourism in the country.

Based on the portability, the hand-held devices segment is projected to exhibit significant growth, attributed to the growing adoption of in-home healthcare services and emergency care services.

Key Drivers

Increasing incidence of chronic respiratory diseases such as acute lower respiratory tract infections and asthma are propelling the demand for medical suction devices.
Rising number of surgical procedures across the globe is accelerating the sales of medical suction devices.

Growing aged population and surging birth rate in Asia Pacific countries such as China, India, and others are driving the market growth.
Key Restraints

Limited reimbursements for home care is hampering the sales of hand-held portables medical suction devices.
Stringent regulatory approvals for new product launches is a factor restraining the market growth.

Ask Your Medical Suction Devices Market Related Questions & Get Customized Reports https://www.factmr.com/connectus/sample?flag=RC&rep_id=5434

Competitive Landscape

The global market for medical suction devices is highly fragmented and competitive in nature due to the presence of large number of local as well as global players in the landscape. Companies are focusing on launching new products in order to expand their product portfolio and gain advantage over other competitors. For instance,

TESUKO, a leading Healthcare Systems & Services provider, announced launching its new medical gas-driven suction device, the Power-Vac. The device is suitable for use in hospital settings such as life support and assistance of oxygen or suction therapy.
Inscope Medical Solutions, an innovative medical device manufacturing company, introduced the world's first laryngoscope with integrated suction. It is a disposable laryngoscope allowing medical personnel's to maintain a clear view of the respiratory airway.
Some of the prominent medical suction devices providers profiled by Fact.MR are:

Allied Healthcare Products Inc.
Precision Medical Inc.
Drive Medical
INTEGRA Biosciences AG
Medicop Inc.
SSCOR Inc.
ATMOS MedizinTechnik GmbH & Co. KG
ZOLL Medical Corporation
Welch Vacuum
Laerdal Medical
Labcoco Corporation
Labconco Corporation
Amsino International, Inc.
Olympus Corporation.
More Valuable Insights on Medical Suction Devices Market

Fact.MR, in its new report, offers an unbiased analysis of the global medical suction devices market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in the medical suction devices market with detailed segmentation:

By Product

AC-Powered
Battery-Powered
Dual-Powered
Manually-Operated
By Application

Surgical
Airway Clearing
Research & Diagnostics
By Portability

Wall-Mounted
Hand-Held
By End User

Homecare Setting
Hospitals
Clinics
By Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Read More Trending Reports of Fact.MR-
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Key Questions Covered in the Medical Suction Devices Market Report

The report offers insight into medical suction devices demand outlook for 2021-2031
The market survey also highlights projected sales growth for the medical suction devices market between 2021 and 2031
Medical suction devices market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Medical suction devices market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others.
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