Medical Suction Device Market Research Report, By Types (Electric Powered, Battery-Powered, Dual, Manual), By Applications (Surgical, Research, Others), By Suction Parts (Vacuum Pump, Bacterial Filter, Vacuum Gauge, Moisture Or Debris Trap, Suction Catheter And Others), By End Users (Homecare, Hospitals, Clinics)- Global Forecast Till 2023
Medical suction devices Market 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.
The global medical suction device market is expected grow at a steady CAGR of 4.5% during the forecasted period.
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The global market of 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 into electric powered, battery-powered, dual, manual, and others.
On the basis of applications, the market is segmented into surgical, research, and other. The surgical applications are further segmented into respiratory diseases, childbirth, and others.
On the basis of suction parts, it is segmented into 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.
The America dominates the global medical suction devices 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.
Some of the key players in the global medical suction device market are 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)
The global medical suction devices market is highly fragmented with the presence of many local and international players. As a result, local players are focusing on cost reduction and innovation to ensure sustainability in the market. On the other hand, the international players are focusing on collaborations and partnerships to expand their global market share.
Drive Medicals, headquartered in the US, is a world leader in the designing, manufacturing, and marketing of respiratory medical products. In 2014, the company acquired Medquip, a manufacturer of high-quality and innovative healthcare products. Additionally, in 2015, Drive Medical acquired DeVilbiss, a global manufacturer of respiratory and sleep products and now known as Drive DeVilbiss Healthcare, Inc.
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The Americas holds the largest share of the global medical suction device market owing to the presence of huge number of patient with respiratory diseases, increasing geriatric population, and increasing healthcare expenditure. Europe is the second largest market followed by Asia Pacific due to increasing government support and changing reimbursement policies in Europe. The Asia Pacific region is the fastest growing market owing to the presence of huge patient population, increasing prevalence of the respiratory diseases, high birth rate, and the presence of rapidly developing economies. On the other hand, the Middle East & Africa is expected to have a limited but steady growth over the forecasted period.
Table Of Contents
1 Report Prologue
2 Market Introduction
2.2 Scope Of Study
2.3 Research Objective
2.4 Assumptions & Limitations
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
5 Market Factor Analysis
5.1 Porter’s Five Forces Model
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Supply Chain Analysis
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