(MENAFN- Ameliorate Digital Consultancy)
As per the latest findings of the research report titled 'Global Medical Suction Devices market Size study, by Type ( AC-powered Devices, Battery-powered Devices, Dual-powered Devices, Manually Operated Devices), By Portability ( Hand Handled Devices, Wall Mounted Devices) By Application ( Airway Clearing, Research and Diagnostics, Surgical), by End User ( Hospitals, Home, Clinics, Pre-hospitals, Others) and Regional Forecasts 2022-2028', available with MarketStudyReport, global medical suction devices market was valued at USD 1 billion in 2021 and is expected to showcase an annual growth rate of 4.5% through 2028 to subsequently amass a valuation of USD 1.4 billion over the forecast timeframe.
Rising pervasiveness of chronic respiratory disorders such as Chronic Obstructive Pulmonary Disease (COPD) and asthma, in consort with evolution of technologically advanced methodologies such as vacuum assisted deliveries are the key factors driving the global medical suction devices industry growth.
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Statistics available with a study conducted by WHO in 2019 claim that nearly 65 million people suffer from chronic obstructive pulmonary disorder every year, out which nearly 3.23 million patients succumb to the disease. Within the same study, it was observed that asthma is the most common illness among children, and nearly 262 million were reported to be battling the disease in 2019.
Furthermore, the affordability of medical suction devices, in consort with growing awareness regarding home healthcare services will provide lucrative opportunities for revenue generation in the upcoming years.
Despite the positive outlook, dearth of favorable reimbursement policies may hamper the growth trajectory of the industry in the forthcoming years.
For the sake of a comprehensive assessment, worldwide medical suction devices market is segmented by type into manually operated devices, dual powered devices, AC powered devices, and battery-operated devices. Speaking of portability, the overall is categorized into wall mounted devices, and hand handled devices. The application spectrum is divided into surgical, research & diagnostics, and airway clearing. Considering end user scope, the industry is bifurcated into pre-hospitals, clinics, hospitals, and home among others.
From a regional frame of reference, North America is a major contributor to overall market revenue at present, owing to availability of advanced treatment options, augmenting usage of suction devices for treating respiratory disorders as well as increasing pervasiveness of fatal injuries across United States and Canada.
Meanwhile, Asia Pacific market is likely to generate substantial returns in the forthcoming years, attributable to increasing adoption of home care facilities for the aging population as well as growing focus among major companies for expanding their operations in the APAC region.
Speaking of the competitive framework, Welch Vacuum Pumps, Laerdal Medical, Integra Biosciences AG, Medicop Inc., ZOLL Medical Corporation, Amsino International Inc., Labconco Corporation, Precision Medical Inc., ATMOS MedizinTechnik GmbH & Co. KG, and Allied Healthcare Products Inc. are the prominent players influencing worldwide medical suction devices industry trends.
Questions and Answers: –
Question 1. What are the major factors driving global medical suction devices market growth?
Answer 1. Rising pervasiveness of chronic respiratory disorders such as Chronic Obstructive Pulmonary Disease (COPD) and asthma, in consort with steady evolution of technologically advanced methodologies such as vacuum assisted deliveries are the major factors driving global medical suction devices market growth.
Question 2. Why is Asia Pacific a key contributor to global medical suction devices market expansion?
Answer 2. Asia Pacific market is likely to register decent growth in the coming years, owing to growing risk of contracting critical respiratory conditions, booming aging population, and presence of top industry contenders in the area.
Question 3. Which are the prominent players influencing global medical suction devices market trends?
Answer 3. Welch Vacuum Pumps, Laerdal Medical, Integra Biosciences AG, Medicop Inc., ZOLL Medical Corporation, Amsino International Inc., Labconco Corporation, Precision Medical Inc., ATMOS MedizinTechnik GmbH & Co. KG, and Allied Healthcare Products Inc. are the prominent players influencing global medical suction devices market trends.
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