Medical Suction Devices Market: Current Analysis and Forecast (2022-2028)
Emphasis on Portability (Portable, Non- portable); By Vacuum Systems (Manual, Electrically Powered, Venturi); By End-use (Respiratory, Gastric, Wound Suction, Delivery Rooms); and Region/Country
The medical suction devices market was valued at USD 100 Million in 2021 and is expected to grow at a strong CAGR of around 4.5% during the forecast period (2022 – 2028) owing to the increasing number of surgical procedures and rising healthcare expenditure. Medical suction devices are expanding due to an aging population and increasing incidence of chronic diseases. People often suffer from various chronic diseases as they age, such as digestive issues, respiratory diseases, and more. The Pan American Health Organization reported about 375,170 deaths, 215,168 deaths in men, and 160,002 deaths in women died to digestive disorders in 2019. Moreover, the rising advancements in medical technology drive the growth of the medical suction devices market. Currently, there are several types of specialized and advanced suction devices that meet specific medical requirements, such as portable suction devices that can be used in home health care and suction machines specially designed for use in surgery and other medical operations.
Some of the major players operating in the market include Allied Healthcare Products, Inc.; Medicop; Integra Biosciences AG; Labconco; Asahi Kasei Corporation; Bio-Techne; Amsino International, Inc.; Medela AG; ATMOS MedizinTechnik GmbH & Co. KG; Laerdal Medical. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst portability, the non-portable segment is expected to grow at a substantial CAGR during the forecasted period”
Based on portability, the market is segmented into portable, and non-portable. Amongst these, the non-portable segment is expected to grow at a substantial CAGR during the forecasted period. This is attributed to the increasing adoption of these devices in home healthcare settings. Home health care is a cost-effective way to provide long-term care for people with disabilities, chronic diseases, and surgical interventions. As stated by World Health Organization in 2023, approximately 1.3 billion people with significant disabilities which is 16% of the world’s population. Moreover, increasing instantaneous mobility services contribute to the growth of the portable device segment.
“Amongst end-use, the respiratory held a significant share of the market in 2021”
By basis of end-use, the market is segmented into respiratory, gastric, wound suction, and delivery rooms. As per our analysis, the respiratory held a significant share of the market in 2021. This is mainly attributed to the rising incidence of respiratory conditions. Additionally, as respiratory suction devices are frequently utilized to clear airway secretions in severely ill COVID-19 patients, the ongoing COVID-19 pandemic has increased demand for these devices.
“North America dominated the medical suction devices market in 2021”
North America dominated the medical suction devices market in 2021 due to the increased demand for medical devices due to technological advancements and overall consumer awareness. Considering the rapid growth prospects of the region in every aspect, growth is mainly attributed to the extensive use of suction devices in the treatment of chronic respiratory conditions and other surgical procedures, as well as the straightforward availability of advanced technologies, the market is anticipated to expand in this region. According to the American Lung Association, about 12.5 million Americans are affected by Chronic Obstructive Lung Disease in 2023. In addition, in countries like the United States and Canada, there has been an increase in hospital admissions and emergency room visits in recent years due to the high prevalence of chronic medical conditions and fatal injuries coupled with the rising penetration of medical suction devices in North America over the forecasted period.
Medical Suction Devices Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global medical suction devices market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Medical Suction Devices Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global medical suction devices market were the three major steps undertaken to create and analyze the adoption of medical suction devices in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global medical suction devices market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the medical suction devices market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the medical suction devices market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as portability, vacuum systems, and end-use. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the medical suction devices market. Further, we conducted factor analysis using dependent and independent variables such as portability, vacuum systems, and end-use of the medical suction devices market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the medical suction devices market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global medical suction devices market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the medical suction devices market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global medical suction devices market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global medical suction devices market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of portability, vacuum systems, and end-use in the global medical suction devices market.
The main objective of the Global Medical suction devices Market Study
The current & future market trends of the global medical suction devices market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the medical suction devices market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the portability, vacuum systems, and end-use
- Define and analysis of the regulatory framework for the medical suction devices industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the medical suction devices market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the medical suction devices market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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