DUBLIN–(BUSINESS WIRE)–The “Medical Suction Devices Market Size, Share & Trends Analysis Report by Portability (Portable, Non- portable), by Vacuum Systems (Manual, Electrically Powered, Venturi), by End-use (Respiratory, Gastric, Wound Suction, Delivery Rooms), by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.
The global medical suction devices market size is anticipated to reach USD 1.6 billion by 2030. The market is expected to witness the highest CAGR of 4.6% from 2022 to 2030.
This is due to a rise in the number of procedures, such as in vacuum-assisted deliveries, where suction devices are used. In addition, the decreasing price is making these devices affordable thereby advancing the penetration of these products.
The outbreak of COVID-19 in the year 2020 has positively impacted the market growth owing to the increased demand for critical care capacity and to support hospitals in the fight against COVID-19. As these, medical suction devices are used to provide suction and fluid removal during respiratory treatment in ICU admitted COVID-19 patients. Thus, the pandemic impact on the market will be long-lasting and create potential opportunities for market players during the forecast period.
In addition, a paradigm shift of consumers from traditional health care to advanced home health care solutions, along with growing demand for emergency care and a rise in the geriatric population, will drive market growth for medical suction devices. For instance, as per the WHO, the global population aged 65 and above is expected to increase from 7% in 2000 to 16% in 2050. The growing aging population is more susceptible to chronic respiratory conditions, thereby bolstering the market growth over the forecast period.
Medical Suction Devices Market Report Highlights
- The non-portable devices segment accounted for the largest market share of 68.7% in 2021. The primary factor leading to its larger revenue share is a surge in the number of hospitals and clinics where these devices are most widely used.
- The electrically powered aspirator segment dominated the market and accounted for a revenue share of around 47.8% in 2021. The availability of a wide variety of electrically powered devices suitable for various applications is contributing to the rapid growth of the segment.
- The respiratory disease segment is anticipated to show significant growth during the forecast period. The swiftly rising prevalence of chronic respiratory diseases including asthma and bronchitis is creating the demand for suction devices.
- In North America, the market accounted for a revenue share of around 29.1% in 2021 owing to the increasing use of suction devices in the treatment of chronic respiratory conditions as well as in surgical procedures.
Market Dynamics
Drivers
- Rising Incidence Of Chronic Respiratory Diseases
- Growing Need For Compact and Portable Devices
- Declining Prices Of Medical Suction Devices Increasing Their Uptake In Emerging Countries
- Increasing Number Of Surgical Procedures
Restraints
- Limited Reimbursement For Suction Devices
- Stringent Regulatory Approvals For New Product Launches
Companies Mentioned
- Allied Healthcare Products, Inc.
- Precision Medical, Inc.
- Drive Medical
- Integra Biosciences AG
- Medicop, Inc.
- Atmos Medizintechnik GmbH & Co. Kg.
- Zoll Medical Corporation
- Welch Vacuum
- Laerdal Medical
- Labconco Corporation
- Amsino International, Inc.
- Olympus Corporation
For more information about this report visit https://www.researchandmarkets.com/r/b327d4
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