Author: Himanshu Patni
13 July 2023
Increased prevalence of long-term respiratory diseases in the area. There is a growing need for medical devices that can be used to manage ongoing issues as Asia Pacific’s population keeps growing older. Patients with chronic respiratory conditions frequently use adaptable relaxation tools to clear airborne pollutants and work on relaxation. For instance, in December 2020, Olympus Corporation announced that it has acquired Veran Medical Technologies, Inc. (VMT), this strategic acquisition drives the expansion of Olympus respiratory solutions. Moreover, technological developments have also increased the market for medical suction devices in the Asia-Pacific region. The increased demand for electrically powered suction devices has also grown with the use of minimally invasive surgical methods in the area.
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Further,the APAC Medical Suction Devices Market is expected to grow at a strong CAGR of 4.5% during the forecast period (2022-2028). APAC is anticipated to emerge as the fastest-growing medical suction devices market primarily owing to the increasing number of hospitals and clinics in China, India, and Japan coupled with huge medical devices, including medical suction device penetration. Meanwhile, China constitutes to be the largest market in the APAC region, accredited to rising healthcare expenditure on medical suction device technology and surging sales of medical suction devices, while Japan is the second largest player.
Revenue (2020-2028)- USD Mn
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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.
By end-use, the market is segmented into respiratory, gastric, wound suction, and delivery rooms. As per our analysis, the gastric is expected to grow at a substantial CAGR during the forecasted period. It is anticipated that the demand for medical suction devices will be driven by an increase in the use of these devices in gastric suction to alleviate pressure from blocked intestines or to remove poisons, harmful chemicals, or pills that have been taken too much from the stomach. As per the National Institute of Health, in 2021, around 40% of persons worldwide have Functional gastrointestinal disorders (FGIDs).
Global Medical Suction Devices Market Segmentation
Market Insight, by Probability
Market Insights, by Vacuum System
Market Insights, by End-Users
Market Insight, by Region
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