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Smoke Evacuation Systems Market Expected to Grow at a 6.6% CAGR from 2022 to 2031

02-07-2024 04:35 PM CET | Health & Medicine

Press release from: Transparency Market Research

Smoke Evacuation Systems Market

Smoke Evacuation Systems Market

The global smoke evacuation systems market is forecasted to grow significantly, from a valuation of US$ 158.5 million in 2021 to over US$ 298.8 million by 2031, at a CAGR of 6.6%. The escalating demand for these systems is driven by the increasing adoption of electrosurgery procedures and advancements in surgical technology, which enhance patient outcomes and ensure safety for surgical teams.

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Key Factors Driving Market Growth:

Surge in elective surgeries and advancements in surgical technology, including robotics and high-precision instrumentation, are fueling the demand for smoke evacuation systems.
Rise in medical tourism, particularly in developing countries, coupled with an increase in emergency care units in hospitals, contributes to market expansion.
However, challenges such as high device costs and stringent government regulations for product approval may impede market growth. Manufacturers are focusing on developing cost-effective systems to address rising demand.
Smoke Evacuation Systems: Introduction and Importance

Smoke evacuation systems are essential devices used to remove or capture smoke generated during surgical procedures involving electrosurgical or laser devices. Surgical smoke poses health risks to both patients and medical staff, as it contains aerosols and gases that can cause respiratory issues and long-term illnesses.

Demand Drivers in Specific Surgical Procedures:

The market is driven by the growing demand for aesthetic treatments, orthopedic surgeries, and minimally invasive procedures. Cosmetic procedures and orthopedic surgeries are witnessing significant growth, particularly in developing regions.
Minimally invasive surgeries, including laparoscopic procedures, are favored for their quicker recovery times and improved patient outcomes. Smoke evacuation systems play a crucial role in ensuring safety during these procedures.

Regional Outlook:

North America is expected to dominate the market, driven by a high prevalence of chronic illnesses and the adoption of minimally invasive surgical techniques.
The Asia Pacific region is experiencing rapid market growth due to rising medical tourism and government initiatives to improve healthcare infrastructure. Emerging economies in the region are focusing on providing advanced treatment options at affordable costs.
Key Players and Strategies:

The market is fragmented, with several prominent players expanding their product portfolios through mergers and acquisitions.
Leading companies in the industry include CONMED Corporation, Ecolab, Inc., Ethicon, Inc., Medline, Medtronic, Olympus, Pall Corporation, STERIS, Stryker, Symmetry Surgical Inc., TEKNO-MEDICAL, and Utah Medical Products, Inc

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

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