Pune, India, June 08, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, worldwide medical suction devices market, valued at USD 1 billion in 2021, is anticipated to showcase a CAGR of 4.5% during 2022-2028 and reach USD 1.4 billion by the end of the stipulated timeframe.
Speaking of overall size and scope, the market has been classified on the basis of type, portability, application spectrum, end-user scope, and regional expanse. Extensive coverage of each segment in terms of growth rate, share, and size has been included so that the stakeholders can identify the top avenues for business expansion in the upcoming years. Furthermore, the competitive landscape of this business sphere is analyzed extensively based on various parameters such as products/services, financial standing, and strategic advances among others.
Growing prevalence of chronic respiratory diseases like acute respiratory tract infections, asthma, Chronic Obstructive Pulmonary Disease (COPD), and rise in procedures such as vacuum assisted deliveries are the major factors propelling industry growth.
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Statistics available with a study conducted by WHO in 2019 claim that approximately over 65 million people suffer from moderate to critical COPD, out which nearly 3.23 million patients succumb to the disease every year.
Furthermore, the cost effectiveness of these devices, combined with rapid demand for home healthcare services over the past few years are bound to accelerate market expansion during the forecast timeframe.
However, lack of favorable reimbursement policies may restrict revenue flow for the market in the ensuing years.
Regional expanse outlook: -
North America, Europe, Asia Pacific, and Latin America are the key geographies that contribute significantly to the overall market remuneration. Among these, North America is slated to account for a major chunk of the overall revenue during the analysis period, owing to a robust healthcare infrastructure, access to technologically advanced procedures, rapid product uptake for treating respiratory disorders and other critical ailments, alongside growing demand for home treatment facilities.
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Meanwhile, Asia Pacific industry is likely to register a commendable growth rate in the forthcoming years, attributable to the presence of leading players in the area, growing prevalence of chronic medical conditions, and rising aging population.
Competitive framework summary: -
Amsino International Inc., Allied Healthcare Products Inc., ZOLL Medical Corporation, Integra Biosciences AG, ATMOS MedizinTechnik GmbH & Co. KG, Medicop Inc., Welch Vacuum Pumps, Precision Medical Inc., Labconco Corporation, and Laerdal Medical are the major players in global medical suction devices industry.
These players are putting continuous efforts towards improving their product offerings through technological innovations to maintain a strong foothold in the market.
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Global Medical Suction Devices Market by Type (Value, USD Billion, 2018-2028)
- Dual Powered Devices
- Manually Operated Devices
- Battery Powered Devices
- AC Powered Devices
Global Medical Suction Devices Market by Portability (Value, USD Billion, 2018-2028)
- Wall-Mounted Devices
- Hand Handled Devices
Global Medical Suction Devices Market by Application (Value, USD Billion, 2018-2028)
- Research and Diagnostics
- Airway Clearing
- Surgical
Global Medical Suction Devices Market by End-Use (Value, USD Billion, 2018-2028)
- Clinics
- Hospitals
- Pre-hospitals
- Home
- Others
Global Medical Suction Devices Market by Region (Value, USD Billion, 2018-2028)
North America
- Canada
- United States
Europe
- United Kingdom
- Spain
- France
- Germany
- Italy
- RoE
Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- RoAPAC
Latin America
- Mexico
- Brazil
Rest of the World
Global Medical Suction Devices Market, Company Profiles (Value, USD Billion, 2018-2028)
- Amsino International Inc.
- Allied Healthcare Products Inc.
- ZOLL Medical Corporation
- Integra Biosciences AG
- ATMOS MedizinTechnik GmbH & Co. KG
- Medicop Inc.
- Welch Vacuum Pumps
- Precision Medical Inc.
- Labconco Corporation
- Laerdal Medical
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Medical Suction Devices Market, by Region, 2020-2028 (USD Billion)
1.2.2. Medical Suction Devices Market, by Type ,2020-2028 (USD Billion)
1.2.3. Medical Suction Devices Market, by Portability,2020-2028 (USD Billion)
1.2.4. Medical Suction Devices Market, by Application ,2020-2028 (USD Billion)
1.2.5. Medical Suction Devices Market, by End-user,2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Medical Suction Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Medical Suction Devices Market Dynamics
3.1. Medical Suction Devices Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Shift from traditional healthcare settings to homecare settings
3.1.1.2. Growing need for compact and portable devices
3.1.2. Market Challenges
3.1.2.1. Limited reimbursement for suction devices
3.1.3. Market Opportunities
3.1.3.1. Untapped emerging markets
Chapter 4. Global Medical Suction Devices Market Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Medical Suction Devices Market, by Type
6.1. Market Snapshot
6.2. Global Medical Suction Devices Market by Type , Performance - Potential Analysis
6.3. Global Medical Suction Devices MarketEstimates & Forecasts by Type 2018-2028 (USD Billion)
6.4. Medical Suction Devices Market, Sub Segment Analysis
6.4.1. AC-powered Devices
6.4.2. Battery-powered Devices
6.4.3. Dual-powered Devices
6.4.4. Manually Operated Devices
Chapter 7. Global Medical Suction Devices Market, by Portability
7.1. Market Snapshot
7.2. Global Medical Suction Devices Marketby Portability, Performance - Potential Analysis
7.3. Global Medical Suction Devices MarketEstimates & Forecasts by Portability2018-2028 (USD Billion)
7.4. Medical Suction Devices Market, Sub Segment Analysis
7.4.1. Hand Handled Devices
7.4.2. Wall Mounted Devices
Chapter 8. Global Medical Suction Devices Market, by Application
8.1. Market Snapshot
8.2. Global Medical Suction Devices Market by Application , Performance - Potential Analysis
8.3. Global Medical Suction Devices MarketEstimates & Forecasts by Application 2018-2028 (USD Billion)
8.4. Medical Suction Devices Market, Sub Segment Analysis
8.4.1. Airway Clearing
8.4.2. Research and Diagnostics
8.4.3. Surgical
Chapter 9. Global Medical Suction Devices Market, by End-user
9.1. Market Snapshot
9.2. Global Medical Suction Devices Market by End-use, Performance - Potential Analysis
9.3. Global Medical Suction Devices MarketEstimates & Forecasts by End-use2018-2028 (USD Billion)
9.4. Medical Suction Devices Market, Sub Segment Analysis
9.4.1. Hospitals
9.4.2. Home
9.4.3. Clinics
9.4.4. Pre-hospitals
9.4.5. Others
Chapter 10. Global Medical Suction Devices Market, Regional Analysis
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