Market Research Report
Smoke Evacuation Systems Market Size, Share & Trends Analysis Report By Product, By Application (Laparoscopic Surgeries, Medical Aesthetic Surgeries), By End User, By Region, And Segment Forecasts, 2019 - 2026
|Published by||Grand View Research, Inc.||Product code||923703|
|Published||Content info||130 Pages
Delivery time: 2-3 business days
|Smoke Evacuation Systems Market Size, Share & Trends Analysis Report By Product, By Application (Laparoscopic Surgeries, Medical Aesthetic Surgeries), By End User, By Region, And Segment Forecasts, 2019 - 2026|
|Published: December 16, 2019||Content info: 130 Pages||
The global smoke evacuation systems market size is anticipated to reach USD 241.5 million by 2026, according to a new report by Grand View Research, Inc., registering a CAGR of 6.6% over the forecast period. Increasing adoption of these systems in operation theaters with the rising number of surgeries, especially cosmetics procedures, are driving the market. According to American Society of Plastic Surgeons 2018, approximately 18 million people had operations, inclusive of minimally invasive procedures, in U.S.
Moreover, notable growth in medical tourism, especially in developing countries such as China, Thailand, India, and Mexico, is increasing the consumer base for this market. Cost-effective surgical procedures aided by insurance coverage are the key factors influencing medical tourism countries, especially Asian countries. Hence, with the growth of the medical tourism industry, the adoption of these products in hospitals and ambulatory care centers is also anticipated to increase in the near future.
These systems are high-flow vacuum sources used during surgical procedures to capture smoke aerosols and gases generated during the use of lasers and electrosurgical units (ESUs). Surgical smoke contains harmful chemicals which can cause health problems such as respiratory distress, eye irritation, and nausea. It can also contain several carcinogenic compounds. It is therefore an occupational hazard to healthcare workers as well as patients. Therefore, there is a need for products to filter out dangerous contaminants in operating rooms, thereby driving the growth of the market.
The market is highly competitive in nature. Key participants such as CONMED Corporation; Stryker; Ethicon; Medtronic Plc; and Zimmer Biomet Holdings, Inc. accounted for a significant market share owing to their extensive product offerings. These players are focusing on implementing new strategies such as mergers, acquisitions, market penetration, partnerships, and distribution agreements to increase their revenue share.