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Smoke Evacuation System Market : Key Growth Factors and Industry Analysis 2024

09-27-2017 09:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

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Smoke Evacuation System Market : Key Growth Factors and Industry

Since the past decade, a large number of surgical procedures are moving out of the traditional ways, and they are replaced by minimally invasive techniques which is driving the market of smoke evacuation system globally. Use of electrocautery and electrosurgery devices is unavoidable in minimally invasive surgery which produces surgical smoke. Researchers have found more than 80 organic compounds in surgical smoke such as carbon monoxide, hydrogen cyanide that can cause upper respiratory infection, nausea, and other short-term symptoms. Smoke evacuation system has been developed to overcome this problem. The system is intended to remove smoke, aerosol, and noxious odors produced during electrosurgical procedure. Smoke evacuation systems are high-flow vacuum sources used to capture, at the surgical site, the smoke aerosols and gases generated during the use of lasers and electrosurgical units.

There are a number of factors that affect the growth of the smoke evacuation system market. Some of the key factors include growth in demand for minimally invasive surgical procedures; development and advancement of energy based electrocautery and ultrasonic devices; and rise in global geriatric population. Other key growth drivers include technological advancements in smoke evacuation system, increase in the number of cosmetic procedures, and high or sudden rise in the number of surgeries related to elderly population. The market is further witnessing restraints, or challenges in its path such as development of other non-invasive surgery technologies, alongside stiff competition among existing smoke evacuation system manufacturers. Moreover, product recalls and government regulations for reduction of overall health care cost are restraining the growth of this market.

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The global smoke evacuation system market is segmented on the basis of product, application, modality, end-user, and region. Based on product, the smoke evacuation system market is categorized into smoke evacuation filters, pencils & wands, smoke evacuation fusion products, and accessories. The smoke evacuation filters segment is further divided into ULPA filters, HEPA filters, charcoal filters, in-line filters, and pre-filters. The ULPA filters sub-segment is expected to hold a significantly large share of the smoke evacuation filters segment. A significant share of this segment is attributed to technological advancement and extraordinary evacuation capacity as compared to other filters. The smoke evacuation accessories segment comprises adapters, reducers, sensors, and smoke evacuation tubing. Among the accessories, the smoke evacuation tubing sub-segment is expected to account for a significant share in the near future. Rise in number of surgeries performed and recent product launches in this sub-segment is contributing to the large share in this market.

On the basis of application, the smoke evacuation system market is divided into electrosurgical devices, electrocautery units, radiofrequency units, ultrasonic devices, laser units, and others. The electrocautery devices segment is anticipated to hold a significant share of the market during the forecast period. Increase in demand for minimally invasive surgeries and rise in geriatric population are expected to fuel the demand for the electrocautery devices segment during the forecast period.

Based on modality, smoke evacuation systems are available in portable evacuation systems and centralized evacuation systems. High cost associated with maintenance of centralized evacuation systems and less efficiency as compared to portable evacuation systems are estimated to hamper the growth of the centralized evacuation systems segment. New launches and product innovation in portable evacuation systems are further expected to drive the growth of the market of this segment.

On the basis of end-user, the smoke evacuation system market is segmented into hospitals, specialized clinics, and ambulatory surgery centers. The hospitals segment accounted for a major share of the market in 2015 due to increasing demand for electrosurgical devices from corporate hospitals. Globalization of health care and pharmaceutical standards is likely to support the growth of better hospitals and ambulatory surgery centers in developing regions such as Asia Pacific and Latin America. This in turn is expected to propel the growth of the smoke evacuation system market in these regions.

Geographically, the global smoke evacuation system market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global smoke evacuation system market during the forecast period. Large geriatric and obese population facing cardiac and orthopedic problems and rise in incidences of cancer are anticipated to drive the market in this region. Asia Pacific has a high growth rate and is expected to offer growth opportunities in this market. Improved health care infrastructure and rise in health care spending by government are estimated to increase adoption of smoke evacuation system in this region.

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Key players operating in this market include Bovie Medical Corporation, Medtronic, B. Braun Melsungen AG, Erbe Elektromedizin GmbH, Boston Scientific Corporation, Olympus, Johnson & Johnson, Symmetry Surgical Inc., ConMed Corporation, KLS Martin, and Bowa-electronic GmbH & Co. KG.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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