Published Date: 31-Mar-23
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According to a new report, published by KBV research, The Global Medical Suction Devices Market size is expected to reach $1.5 billion by 2028, rising at a market growth of 6.4% CAGR during the forecast period.
The Portable segment is showcasing a CAGR of 8% during (2022 - 2028). This is due to the increased popularity of these devices in home healthcare services. For the long-term care of the handicapped, chronic illnesses, and surgical procedures, home healthcare is an affordable choice. Also, the user-friendly, portable designs provide benefits like point-of-care usage and do not need trained specialists to operate them. Therefore, the expansion of the segment is surging due to these factors.
The Electrically Powered segment acquired maximum revenue share in the Global Medical Suction Devices Market by Vacuum Systems in 2021 thereby, achieving a market value of $856.4 Million by 2028. This is owing to the availability of a broad range of electrically driven devices appropriate for several applications and their simplicity of use with strong suction. Also, there is a general knowledge of electrically driven aspirators and the expansion of prehospital and emergency care settings globally. As a result of the reasons mentioned above, experts all around the world are adopting them more often and assisting in the segment's expansion.
The Airway Clearing segment has shown the growth rate of 6.6% during (2022 - 2028). This is because suction devices assist people in breathing and keeping a clean airway when they cannot discharge secretions like saliva and mucus because of a loss of awareness or ongoing medical treatment. Since the pandemic, which killed millions of people, there has been an enormous rise in airway crises. As a result, more airway suctioning devices were required, which is anticipated to expand the segment.
The Respiratory segment is leading the Global Medical Suction Devices Market by End-use in 2021 thereby, achieving a market value of $449.9 Million by 2028. This is due to the need for suction devices to clean the airway passage and the rapidly increasing incidence rate of chronic respiratory disorders, including asthma, COPD, and bronchitis. COPD has been ranked among the most significant cause of mortality globally. Moreover, a growing emphasis on the construction of healthcare facilities in emerging nations. The factors like increasing cases of COPD would increase product acceptance and accelerate the segment's growth.
The North America market dominated the Global Medical Suction Devices Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $537.9 Million by 2028. The Europe market is exhibiting a CAGR of 6% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 6.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/medical-suction-devices-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Allied Healthcare Products, Inc., Precision Medical, Inc., INTEGRA Biosciences AG (INTEGRA Holding AG), ATMOS MedizinTechnik GmbH & Co. KG, ZOLL Medical Corporation (Asahi Kasei Corporation), Amsino International, Inc., Olympus Corporation, Welch Vacuum (Ingersoll Rand, Inc.), Laerdal Medical Limited, and Labcoco Corporation.
By Vacuum Systems
Unique Offerings from KBV Research
North America Medical Suction Devices Market size & Opportunities 2022-2028
Europe Medical Suction Devices Market & Growth Forecast 2022-2028
Asia Pacific Medical Suction Devices Market Share & Industry Outlook to 2028
LAMEA Medical Suction Devices Market Growth, Trends & Forecasts 2022-2028