Published Date: 30-Nov-2022
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According to a new report, published by KBV research, The Global Suction Catheters Market size is expected to reach $629.5 million by 2028, rising at a market growth of 8.4% CAGR during the forecast period.
The Yankauer segment is showcasing a CAGR of 10.9% during (2022 - 2028). Yankauers are suction points with a bulbous tip to prevent any harm to the surrounding tissue while catheterization is being done. Aspiration is avoided using these catheters when performing suction procedures. The secretions and detritus from the chest can be effectively drained because of their tip.
The Latex Free segment acquired maximum revenue share in the Global Suction Catheters Market by Material in 2021 thereby, achieving a market value of $421.1 Million by 2028. The need for latex-free suction catheters is also being driven by the increase in the number of people who have latex allergies and the rising demand for cost-effectiveness. For instance, according to the Occupational Safety & Health Administration (OSHA), 8–12% of healthcare professionals have a latex sensitivity.
The Ambulatory Care Centers segment has shown the growth rate of 9.5% during (2022 - 2028). The demand for the segment of ambulatory care centers is being driven by the increase in outpatients. Numerous individuals are choosing quick diagnoses at ambulatory care facilities due to the rising need for specialized treatments. Since most choking and aspiration cases might need immediate suctioning, suction catheters are urgently placed in ambulances.
The North America market dominated the Global Suction Catheters Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $263.6 Million by 2028.The Europe market is exhibiting a CAGR of 8% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 9.4% during (2022 - 2028).
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 ICU Medical, Inc. (Smiths Medical), Becton, Dickinson and Company, Cardinal Health, Inc., B. Braun Melsungen AG, PFM Medical AG, Amsino International, Inc., Dynarex Corporation, IVOR SHAW Limited (Pennine Healthcare), and Medline Industries, Inc.
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