Medical Suction Device Market – Dynamics
Drivers
Suction is one of the most basic and ubiquitous applications in treatment and is widely used for cases of respiratory surgery, delivery of baby, and a host of other factors. Increasing prevalence of diseases with a high frequency of medical suction devices uses such as respiratory disorders, pregnancies, cancers, gastrointestinal diseases etc. are the prime drivers of the market. Growing caesarean section pregnancies and Liposuction are the strongest clinical driver of the market. The World Health Organization (WHO), estimates that 32% of all deliveries in America was caesarean. Risk factors such as rising geriatric population, increasing pollution, allergies etc. are other drivers of the market.
Technological advancements such as battery improvements, greater functions, portability and miniaturization are the technical drivers of the market.
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Restraints
The advent of global supply chains with cheap supply of surgical instruments especially from China is expected to result in low cost manufacturing and will favor the market. However advanced devices manufacturers are expected to face strong competition from the low prized Chinese devices. There is a situation of worsening regulatory and reimbursement environment in the U.S.
The U.S. food and drug administration (FDA) classifies medical devices into Class I, II, and III with regulatory control increasing from Class I to Class III, based on the need to provide reasonable assurance of its safety and effectiveness. Class II and III devices need premarket approval (PMA) which is a very resource intensive and time consuming process needing demonstration of valid scientific evidence of the health benefits of a device over the probable risks. Thus the increase in stringency for clinical evidence and testing has lengthened the clearance process.
Medical Suction Device Market – Key players
ATMOS MedizinTechnik GmbH & Co. KG (Germany), Allied Healthcare (UK), Drive Medical (US), INTEGRA Biosciences AG (Switzerland), Precision Medical, Inc. (US), Siemens Healthcare Private Limited (Germany), Olympus Corporation (Japan), Medico, Inc. (US), SSCOR, Inc. (US), ZOLL Medical Corporation (US), Labconco (US), Amsino International, Inc. (US), Welch Vacuum (US), and Laerdal Medical (Norway)
Medical Suction Device Market – Regional analysis
The America dominates the Global Medical Suction Device Market, which is followed by Europe. The Americas medical suction device market growth is attributed to increasing number of patients with respiratory diseases, large geriatric population, high healthcare spending, and well-developed healthcare sector.
The European medical suction device market is growing due to increasing government support to research & development, high healthcare expenditure, and increasing birth rate. According to the OECD, the healthcare expenditure in Germany was EUR 321 billion in 2014, which is followed by France with healthcare expenditure of EUR 237 billion. According to the Eurostat, in 2015, the average birth rate in Europe was 1.6 children per woman. Asia Pacific market shows the fastest growth owing to the presence of the huge patient population and rapidly developing economies. However, the Middle East & Africa region holds the least market share with a steady growth due to limited healthcare spending and less development in the medical sector.
Medical Suction Device Market – Segmentation
The Global Medical Suction Device Market is segmented on the basis of types, applications, suction parts and end users.
On the basis of types the market is segmented: electric powered, battery-powered, dual, manual and others. On the basis of applications, the market is segmented into surgical, research and other. Surgical is further segmented into respiratory diseases, childbirth and others.
On the basis of suction parts, it is segmented: vacuum pump, bacterial filter, vacuum gauge, moisture or debris trap, suction catheter and others. On the basis of end users the market is segmented into homecare, hospital, clinics, and others.
Medical Suction Device Market – Overview
The Medical Suction Devices are installed into hospitals for different medical reasons. A medical suction device used in respiratory conditions when secretion of mucous and serum has to be removed from the body. The Global Medical Suction Devices Market is expected to grow at a steady CAGR of 4.5% during the forecasted period.
Medical suction devices clear the airway blocked by mucus or other secretions, which ease the breathing issue with the patient. The global medical suction device market will grow significantly during the review period. Currently, the Global Medical Suction Devices Market is undergoing a rapid change due to the technological developments. The medical suction machines are used for the dental, baby delivery, respiratory and many more. Rising number of patients with respiratory diseases, developing technology, and rising geriatric population, the market is experiencing a rapid growth. Furthermore, increasing birth rates and increasing demand for the different respiratory devices boost the demand for medical suction device. Conversely, poor reimbursement policies for the medical devices may restrained the growth of the market over the corresponding period.
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Major Table of Contents
1 Report Prologue
2 Market Introduction
2.1 Introduction
2.2 Scope of Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
Continued…
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