Medical Suction Devices Market Size, Share, And Growth Rate Analysis 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s medical suction devices market report forecasts the medical suction devices market size to grow to $1.29 Billion by 2027, with a CAGR (compound annual growth rate) of almost 6%.
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Medical Suction Devices Market Size Forecast
The global medical suction devices market is expected to grow from $0.95 billion in 2022 to $1.02 billion in 2023 at a compound annual growth rate (CAGR) of 7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global medical suction devices market size is expected to reach $1.29 billion in 2027 at a CAGR of 5.9%.
North America held the largest medical suction devices market share, and Asia-pacific was the fastest-growing region in 2022.
Key Medical Suction Devices Market Driver – Growth In Number Of Surgical Procedures
For example, the United States National Library of Medicine, a medical library situated in the United States, issued a study article in 2020 stating that roughly 310 million procedures are conducted worldwide each year. Furthermore, the number of adult cardiac surgery procedures increased to 211,533 in 2021 from 191,472 in 2020, according to The Society of Thoracic Surgeons (STS) Adult Cardiac Surgery 2022 Database. As a result, the medical suction device market will be driven by the increasing number of surgical procedures.
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Key Medical Suction Devices Market Trend – New Technology-Based Devices
To maintain their market position, major players in the medical suction device market are introducing new and novel technologies. For example, in March 2023, TransMed7 LLC, a medical and technology business based in the United States, introduced the VacuPac®, a novel self-contained external vacuum-assist attachment. The VacuPac® uses Zero5® technology to conduct the biopsy with little weight, with a self-power option, and to improve mobility of movement by removing all suction tubing tethers. Its inbuilt vacuum extracts full solid cores into a detachable container, while aspirated fluid is stored in its integrated canister for cytologic examination. The VacuPac® adds no weight to the biopsy equipment, is self-powered, quiet, and easy to use, and improves mobility by eliminating all suction tubing tethers. The novel device is intended for use in minimally invasive breast biopsies.
Medical Suction Devices Market Segment
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
Medical Suction Devices Market Major Players and Strategies
Major players in the medical suction devices market are Allied Healthcare Products Inc., Precision Medical Inc., Drive Medical, Medicop, ATMOS MedizinTechnik, ZOLL Medical Corporation, Welch Vacuum, Laerdal Medical, Labconco Corporation, Amsino, Medela, SSCOR Inc., MG Electric Ltd., WEINMANN Emergency, and MG Electric (Colchester) Ltd.
Therapy Equipment Ltd. was acquired for an unknown sum by ESAB Corporation, a US-based fabrication and gas control technology company, in March 2023. With the acquisition of Therapy Equipment, European clients will benefit immediately from an expanded position with increased product options throughout the gas control chain, from hospital to aftercare therapy. Therapy Equipment Ltd. is a UK-based company that specialises in reliable suction equipment, flowmeters, and medical regulators used in hospitals.
The Medical Suction Devices Global Market Report 2023 covers regional data on medical suction devices market size, medical suction devices market trends and drivers, opportunities, strategies, and medical suction devices market competitor analysis. The countries covered in the medical suction devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Medical suction devices are devices used in hospitals to remove things such as liquids and gases from a patient’s bodily cavity. These instruments are used to remove infectious materials or fluids from a patient’s wounds or respiratory system, respectively.
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