Medical Suction Devices Market worth 886.3 Million USD by 2020 – Global Forecast
19/May/16, MarketsandMarkets announced the addition of Medical Suction Devices Market Analysis and Forecast Report in their offerings. This report aims to provide a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the medical suction device market along with the estimates and forecasts of the revenue and share analysis till 2020.
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According to the research, global medical suction devices market is expected to reach $886.3 Million by 2020 from $732.0 Million in 2015, at a CAGR of 3.9% during the forecast period till 2020.
Growth in this market can primarily be attributed to the paradigm shift from traditional healthcare settings to home health care and the increasing need for compact and portable devices. Moreover, the rising adoption of home care has led to the increased demand of portable suction devices, as they are reliable & easy to use and have high durability & robustness. The other factors contributing to the growth of this market include rising aging population, declining prices of suction devices, rising incidences of chronic respiratory diseases, and rise in the number of surgical procedures. In addition, emerging markets have opened an array of opportunities for players in the medical suction devices market.
Among applications the surgical applications dominate the market whereas the research and diagnostic applications segment is expected to grow at highest growth rate during the forecast period. Among the portability segment the wall-mounted device are expected to dominate the market in 2015 and is projected to grow at highest growth rate during the forecast period. Among end users, the hospitals and clinics segment is expected to dominate the market during the forecast period.
North America is expected to account for the largest share of this market in 2015. However, the Asian market is expected to grow at the highest growth rate, mainly due to growth in its aging population and the consequent increase in home care and the rising prevalence of chronic diseases are responsible for the growth of medical suction devices market in Asia-Pacific region. Furthermore, the increasing focus of prominent players on APAC is another factor driving the growth of this market.
The medical suction devices market is highly competitive, with the presence of several big as well as emerging market companies. In addition, each product segment has a different set of vendors. Key market players Allied Healthcare Products Inc. (U.S.), ATMOS MedizinTechnik GmbH & Co. KG (Germany), Drive Medical (U.S.), INTEGRA Biosciences (Switzerland), Medela Holding AG (Switzerland), Medicop (Slovenia), Precision Medical, Inc. (U.S.), SSCOR, Inc. (U.S.), ZOLL Medical Corporation (U.S.), Weinmann Geräte für Medizin GmbH + Co. KG (Germany), Laerdal Medical (Norway), MG Electric Ltd (Colchester), Labconco Corporation (U.S.), Welch Vacuum (U.S.), Amsino International Inc. (U.S.) and Olympus Corporation (Japan).
The report “Medical Suction Devices Market Report – Global Forecast & Analysis 2020” segments this market on the basis of a type such as ac-powered, battery-powered, dual, manually operated; applications like surgical, airway, R&D; portability modes like handheld, wall-mounted and; end user areas like home care, hospitals and clinics, pre hospitals.
Browse 123 market data Tables and 48 Figures spread through 180 Pages and in-depth TOC on “Medical Suction Devices Market”
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