Intravenous injection in hospital
The Medical Suction Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Medical Suction Devices Global Market Report 2024, The medical suction devices market size has grown strongly in recent years. It will grow from $1.02 billion in 2023 to $1.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to focus on infection control, development of portable solutions, growing geriatric population, rise in emergency care, enhancements in design and functionality.
The medical suction devices market size is expected to see strong growth in the next few years. It will grow to $1.37 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing surgical procedures, growing geriatric population, rise in home healthcare, expansion of emergency care, focus on infection control. Major trends in the forecast period include demand for portable solutions, integration of disposable components, telemedicine and homecare integration, focus on user-friendly design, increased demand in developing regions.
The growing number of surgical procedures is expected to propel the medical suction device market going forward. Surgical procedures refer to any medical practice in which an incision is made on a person’s body. Medical suction devices are used to clear the airways of patients and make surgery safer. With the rising number of surgeries being performed worldwide, the demand for medical suction devices is also expected to increase. For instance, in April 2022, according to a report published by the Aesthetic Society, a US-based organization of board-certified plastic surgeons, surgical procedures saw a 54% increase, with an average of 320 surgical procedures performed by plastic surgeons in 2021. The cost of a typical surgical procedure also rose by 6% on average in 2021. Therefore, the growing number of surgical procedures will drive the medical suction device market.
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The medical suction devices market covered in this report is segmented –
1) By Type: AC-Powered Devices, Battery-Powered Devices, Dual-Powered Devices, Manually Operated Devices
2) By Portability: Hand Handled Devices, Wall Mounted Devices
3) By Application: Airway Clearing, Research and Diagnostics, Surgical, Other Applications
4) By End-User: Homecare Setting, Hospitals, Clinics
New technology-based devices are a key trend in the medical suction device market. Major companies in the medical suction device market are launching new and innovative technologies to sustain their position in the market. For instance, in March 2023, TransMed7 LLC, a US-based medical and technology company, launched a new self-contained external vacuum-assist attachment, the VacuPac®. The VacuPac® uses Zero5® technology to conduct the biopsy with minimal weight, with a self-power option, and to enhance freedom of movement by eliminating all constraining tethers of suction tubing. Its built-in vacuum extracts complete solid cores into a removable container while aspirated fluid is kept in its integrated canister for cytologic investigation. The VacuPac® adds minimum weight to the biopsy instrument, is self-powered, quiet, and simple to use, and improves movement mobility by eliminating all suction tubing tethers. The new product can be used for minimally invasive breast biopsies.
The medical suction devices market report table of contents includes:
1. Executive Summary
2. Medical Suction Devices Market Characteristics
3.Medical Suction Devices Market Trends And Strategies
4. Medical Suction Devices Market – Macro Economic Scenario
5. Medical Suction Devices Market Size And Growth
6. Medical Suction Devices Segmentation
7. Medical Suction Devices Regional And Country Analysis
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27.Medical Suction Devices Competitive Landscape And Company Profiles
28.Medical Suction Devices Key Mergers And Acquisitions
29.Medical Suction Devices Future Outlook and Potential Analysis
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