Medical Suction Devices Market Key Market Players 2023

Overview

In medicine, devices are necessary to create suction. Suction may be used to clear the airway of blood, saliva, vomit, or other secretions for a patient to be able to breathe. Suctioning can prevent pulmonary aspiration, which causes lung infections. In pulmonary hygiene, suction is used to remove fluids from the airways, to facilitate breathing and prevent growth of infectious microorganisms.

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Key factors fuelling the growth of the market are, the paradigm shift to home healthcare from traditional healthcare settings and the growing need for the compact and portable devices. The increasing adoption of home care has caused the demand for portable suction devices to ascend due to their reliability, ease of use, high durability & robustness. This helps healthcare providers and patients to utilize these devices without any assistance. The secondary factors contributing to the development of this current market are augmenting geriatric population (with the increasing aging population the demand for emergency care rises, which further increases the demand for the handheld devices which provide instant relief to patients), falling prices of suction devices, rising incidences of chronic respiratory diseases, and increase in the number of surgical procedures (which have increased the utilization of suction devices that are specifically used during surgeries). Moreover, emerging markets had opened an array of opportunities for companies in the medical suction devices market.

But still, the high commoditized market and limited reimbursement policies are very likely to hamper the growth of this market to some extent during the aforementioned forecast period.

Medical Suction Devices Market Forecast Report (2018-2023)

Global Medical Suction Devices market was worth USD 793.45 million in 2018. It is expected to grow at a CAGR of 3.9% to reach USD 960.72 million by 2023.

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Medical Suction Devices Market Segmentation

The global Medical Suction Devices market can be segmented into four categories: by Portability, by application, by Type and by end user. On the basis of portability, Medical Suction Devices market is divided into Handheld Suction Devices and Wall-Mounted Suction Devices. The non-portable category is expected to grow at the high CAGR during the aforementioned forecast period, because of the rising number of surgical procedures and high price of the devices. If we go by type, Medical Suction Devices market is classified into Battery-Powered Devices, Ac-Powered Devices, Dual-Powered Devices and Manually Operated Devices. The electrically powered vacuum systems category commanded the highest market share in 2018. It is because of the spreading awareness and rising adoption of these devices in surgical settings. On the basis of application the market can be segmented into Airway Clearing, Surgical Applications and Research and Diagnostics. Lastly, on the basis of end user the market is classified into Hospitals and Clinics, Home Care, Prehospital and Other End Users.

Medical Suction Devices Geographical Market Segmentation

By geography, the global Medical Suction Devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Presently, North America accounts for the highest market share closely followed by the Europe while Asia Pacific has the high CAGR.

Key Developments in the Market

The global medical suction devices market is largly fragmented with the presence of local players. As a result, players focus on the cost reduction and innovation to ensure sustainability. The international players, such as Siemens Healthcare GmbH, Olympus Corporation and Drive Medical implemented growth strategies through collaborations and the partnerships to expand their overall market share.
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Major Players:

Major players in the current market are:

Allied Healthcare Products Inc. (U.S.)
ATMOS MedizinTechnik GmbH & Co
KG (Germany)
Drive Medical (U.S.)
INTEGRA Biosciences (Switzerland)
Medela Holding AG (Switzerland)
Medicop (Slovenia)
Precision Medical,Inc. (U.S.)
SSCOR, Inc. (U.S.)
ZOLL Medical Corporation (U.S.)
Weinmann Geräte für Medizin GmbH + Co.
KG (Germany)
Laerdal Medical (Norway)
MG Electric Ltd (Colchester)
Labconco Corporation (U.S.)
Welch Vacuum (U.S.)
Amsino International Inc. (U.S.)
Olympus Corporation (Japan).
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