Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Global Smoke Evacuation Systems Market Analysis & Forecast to 2024-2034" report has been added to ResearchAndMarkets.com's offering.
The latest market analysis report reveals compelling growth prospects for the global smoke evacuation systems market. Expected to burgeon from USD 186.4 million in 2023 to USD 416.8 million by 2034, the market is projected to thrive at a CAGR of 7.59% during the forecast period.
A significant uptick in elective surgeries such as liposuction and breast augmentations, coupled with advancements in medical protocols and rising health expenditure, propels the market forward.
The integration of smoke evacuation systems is crucial, especially in light of an increase in the number of electrosurgery procedures both within the United States and globally. As surgical protocols evolve to embrace minimally invasive approaches, the deployment of these systems is seen as essential for enhancing operative visibility and ensuring safety by filtering hazardous smoke emissions.
Segmental Analysis Highlights Laparoscopic Surgeries and Hospital End-User Dominance
Insights from the product segment suggest that smoke evacuating systems commanded the lion's share of the market in 2023. With the prevalence of chronic diseases on the rise and the concurrent demand for minimally invasive surgeries, this segment shows no signs of abating. Furthermore, laparoscopic surgeries stand out in the application segment due to the growing number of such procedures and heightened awareness of surgical smoke dangers among operating room personnel.
In terms of end-users, hospitals clinched the highest revenue-grossing segment, attributed to the increase in surgeries performed and the ongoing introduction of sophisticated smoke evacuation technologies. The report's geographical analysis indicates that North America reigns as the region with the highest revenue share, thanks to the prevalence of aesthetic surgeries, chronic diseases, and stringent government regulations enforcing the implementation of smoke evacuation systems within hospitals.
Technological Innovations and Regulatory Approvals Drive Market Growth
Technological advancements and regulatory endorsements are fuel for market expansion. The EU's recent CE Mark approval for Palliare's EVA15 insufflator and smoke evacuation system exemplifies the enhancements propelling the market feverishly forward. Additionally, entities such as Eakin Surgical and Olympus have secured pivotal contracts to supply smoke evacuation systems across healthcare facilities, underscoring the market's robust demand.
Dental clinics, ambulatory surgical centers, and veterinary health providers are also poised for noteworthy growth, reflecting the diverse applicability and potential of smoke evacuation systems. Asia Pacific is surging with a forecasted rapid CAGR, owing to increased investments in research and development, as well as surging rates of cosmetic surgeries in the region.
Market Divisions Highlighted
- Product: Filters, Systems, Accessories, Shrouds, Pencils, Tubings
- Application: Aesthetic Surgeries, Laparoscopic and Orthopedic Surgeries
- End-user: ASCs, Surgery Centers, Dental Clinics, Hospitals, Veterinary Providers
- Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa
The comprehensive analysis contained in the report sheds light on the noteworthy trend of medical aesthetic surgeries undergoing rapid growth. Furthermore, the report delves into the intricacies of the market's product offerings and their influences on the expanding global market through innovations and regulatory landscapes. This document serves as a pivotal resource for stakeholders and industry specialists to understand the trajectory of the smoke evacuation systems market.
The complete analysis covers a timeline from 2024 to 2034 and enriches the understanding of the market's dynamics. It provides an indispensable tool for navigating the rapidly evolving smoke evacuation systems landscape.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value (USD) in 2023 | $186.4 Millions |
| Forecasted Market Value (USD) by 2034 | $416.8 Million |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
Segmentation: Smoke Evacuation Systems Market Report 2023 - 2034
Smoke Evacuation Systems Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Mn)
- Smoke Evacuation Filters
- Pre-Filters
- In-Line Filters
- Charcoal Filters
- Ultra-Low Penetration Air (ULPA) Filters
- Smoke Evacuating Systems
- Portable Systems
- Stationary Systems
- Accessories
- Smoke-Evac Fusion Products (Shrouds)
- Smoke Evacuation Pencils & Wands
- Smoke Evacuation Tubings
Smoke Evacuation Systems Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Mn)
- Medical Aesthetic Surgeries
- Laparoscopic Surgeries
- Orthopedic Surgeries
- Others
Smoke Evacuation Systems Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Mn)
- Ambulatory Surgical Centers (ASCs)
- Cosmetic Surgery Centers
- Dental Clinics
- Hospitals
- Veterinary Healthcare Providers
Companies Profiled
- Olympus Corporation
- Zimmer Biomet
- Medtronic
- Symmetry Surgical Inc.
- Stryker
- KLS Martin Group
- Erbe Elektromedizin GmbH
- Steris
- CONMED Corporation
- Medical Devices Business Services Inc.
For more information about this report visit https://www.researchandmarkets.com/r/o1swkl
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