PUBLISHER: Allied Market Research | PRODUCT CODE: 1266375
PUBLISHER: Allied Market Research | PRODUCT CODE: 1266375
The global medical suction devices market size was valued at $730.7 million in 2021 and is projected to reach $1,391.1 million by 2031, growing at a CAGR of 6.8% from 2022 to 2031. A medical suction device is also known as an aspirator. Medical suction devices are used for removing the blockage in respiratory organs, which is caused by any obstruction such as mucus, saliva, blood or secretion. The process helps the patient to breathe smoothly. Medical suction devices help in breathing by maintaining a clear airway while an individual is unable to clear secretions due to a lack of consciousness or an ongoing medical procedure. These devices are also being used during surgeries such as respiratory surgery, childbirth and for clearance of airway. In addition, it is also widely used in biological laboratories for the aspiration, collection and subsequent disposal of biological liquid waste and shows importance in research and diagnostic.
Major factors driving growth of the medical suction devices market include rise in technological advancement in medical suction device, increase in trend for use of battery powered medical suction device, and rise in prevalence of chronic obstructive pulmonary disease (COPD), amyotrophic lateral sclerosis, cystic fibrosis, bronchiectasis patients that find difficulty or unable to clear their own secretions. For instance, according to World Health Organization (WHO) report published in May 2022, chronic obstructive pulmonary disease (COPD) is the third leading cause of death worldwide, causing 3.23 million deaths in 2019. Furthermore, the surge in prevalence of geriatric population that is more vulnerable to bronchiectasis, chronic obstructive pulmonary disease (COPD) and rise in number of medical suction device assisted procedures such as childbirth propels the demand of medical suction devices and drive the growth of the market.
However, strict regulatory rules and regulation associated with medical suction devices are expected to hamper the medical suction devices market growth. On the contrary, unmet medical demands in developing countries and lucrative opportunities in emerging economies are expected to create immense opportunities for medical suction devices product manufacturers in the future.
Moreover, the healthcare business is projected to witness growth, owing to a rise in the use of medical suction devices for research and development activities boosting the growth of the medical suction devices market. In addition, rise in discovery & development of effective medical suction devices and rise in awareness regarding use of medical suction devices drive the growth of medical suction devices market in developing countries such as India and China. This is anticipated to offer remunerative opportunities for key players to invest in the market during the forecast period.
The medical suction devices market is segmented on the basis of type, portability, application, end user and region. Based on the type, the market is classified into electrically operated devices, manually operated devices, and venturi. On the basis of portability, the market is classified into portable, and non-portable. On the basis of application, the market is classified into airway clearing, surgical, and others. On the basis of end user, the market is classified into hospitals, clinics, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major players profiled in the report are: Allied Healthcare Products, Inc., Amsino International, Inc., Asahi Kasei Corporation (ZOLL Medical Corporation), ATMOS MedizinTechnik GmbH & Co. KG, Integra Biosciences AG, Labconco Corporation, Laerdal Medical, Medela AG, Medicop d.o.o., and Precision Medical, Inc.