Medical Suction Devices Market Is Anticipated To Witness High Growth Owing To Rising Prevalence Of Chronic Diseases



The medical suction devices market includes products used for removing gases, fluids, vomit, or secretions from the respiratory tract, including the mouth, pharynx, trachea, bronchi or lungs. There are various types of medical suction devices available in the market including electric suction machines, battery-powered portable suction machines and disposable/single use suction catheters. These suction devices find applications during surgical procedures, in emergency care situations, in ICUs and in home care settings for patients requiring respiratory care. With rising cases of respiratory diseases, growing elderly population suffering from chronic obstructive pulmonary diseases and the continued prevalence of COVID-19, demand for medical suction devices is surging. This has prompted manufacturers to advance their products by incorporating features including variable suction control, bacteria filters and compatibility with oxygen therapy.

The Medical Suction Devices Market is estimated to be valued at US$ 1.41 Bn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the medical suction devices are Olympus, Laerdal Medical, Medela AG, Precision Medical, Inc.,ATMOS Medizin Techni GmbH & Co. KG. These players are focusing on new product launches, collaborations and geographical expansions to garner additional market share.

Key opportunities in the market include growing demand for home healthcare devices due to rising healthcare costs and preference for home treatment. With innovation in product design towards portability, some companies have also started offering affordable home use suction devices.

In terms of regional expansions, major players are increasing their presence in Asia Pacific and Middle East & Africa through partnerships with local distributors. While North America and Europe remain lucrative regions, positive economic growth and increasing medical tourism in Asia is propelling leading companies to tap opportunities in these emerging markets.

Market drivers - Rising prevalence of respiratory diseases due to growing pollution levels and aging population is a major market driver. With continued spread of COVID-19 infections globally, demand for related medical suction devices has significantly increased across hospital settings as well as for home use, thus accelerating market revenues.

Market restraints - High costs associated with advanced and portable medical suction devices remain a key market challenge especially in price sensitive developing regions. Strict regulatory approvals also increase time to market for new product launches.

Segment Analysis

The medical suction devices market is dominated by the AC-powered suction devices sub segment. AC-powered devices accounted for nearly 60% share of the overall market in 2024. This is because AC-powered suction devices offer reliable suction with unlimited power supply as they stay connected to the electrical grid. Most large hospitals extensively use AC-powered suction machines for catering to multiple patients.

Portable/battery-operated suction devices are increasingly gaining demand due to rising home healthcare and focus on patient mobility. These devices provide convenience of mobility within or outside healthcare facilities without requiring electrical connection. This helps patients receive prompt care during transit or at home. Their share is projected to increase at a higher growth rate during the forecast period.

Regional Analysis

North America holds the leading share of over 35% in the Medical Suction Devices Market due to widespread access to healthcare facilities, growing geriatric population and rising prevalence of chronic diseases. The presence of leading market players and availability of advanced devices also drive the North America market.

Asia Pacific exhibits the fastest growth and is estimated to expand at a CAGR of around 7% during the forecast period. This is attributed to growing medical tourism, increasing healthcare spending, expanding private healthcare infrastructure and rising awareness about effective medical treatments. Rise in disposable incomes and focus toward superior quality healthcare further support market growth in Asia Pacific.

Get more insights on this topic: https://www.trendingwebwire.com/medical-suction-devices-market-is-estimated-to-witness-high-growth-owing-to-increased-adoption-of-battery-powered-portable-devices/

 

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Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. (LinkedIn - https://www.linkedin.com/in/priya-pandey-8417a8173/)

What Are The Key Data Covered In This Medical Suction Devices Market Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Medical Suction Devices Market's growth between 2024 and 2031.

:- Accurate calculation of the size of the Medical Suction Devices Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Medical Suction Devices Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Medical Suction Devices Market vendors

FAQ’s

Q.1 What are the main factors influencing the Medical Suction Devices Market?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top Medical Suction Devices Market companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the Medical Suction Devices Market’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

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