PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421700
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421700
The global medical suction devices market size is expected to reach USD 1.75 billion by 2032, according to a new study by Polaris Market Research. The report "Medical Suction Devices Market Share, Size, Trends, Industry Analysis Report, By Portability (Portable, Non-portable), By Vacuum System, By End-Use, By Region, And Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increase in the utilization of suction devices can be attributed to the growing number of medical procedures that rely on their functionality, such as vacuum-assisted deliveries. These devices play a crucial role in these procedures by aiding in the safe and effective removal of fluids and substances. Furthermore, the decreasing cost of these devices is contributing to their wider adoption and accessibility, making them more affordable for healthcare facilities and providers. This affordability factor is driving the increased penetration of suction devices in various medical settings, ultimately leading to their higher utilization and market growth.
The emergence of the COVID-19 pandemic had a favorable effect on the growth of the market. This was primarily due to the heightened need for critical care resources to aid hospitals in their response to COVID-19. Medical suction devices played a crucial role in supporting these efforts, as they were utilized for tasks like providing suction and removing fluids during respiratory treatments for patients admitted to intensive care units (ICUs) due to COVID-19. As a result, the impact of the pandemic on the market is expected to have a lasting influence, presenting potential opportunities for market participants throughout the forecast period.
A notable shift in consumer preferences from conventional healthcare methods to more advanced home healthcare solutions. A rising demand for emergency medical care services accompanies this trend. Moreover, the increasing aging population is anticipated to play a significant role in driving this market expansion. According to data from the World Health Organization (WHO), the global population aged 65 and above is projected to increase from 7% in the year 2000 to approximately 16% by the year 2050. This demographic shift is noteworthy, as the elderly population is more vulnerable to chronic respiratory ailments, contributing to the overall growth of the market throughout the forecast period.
Non-portable devices held the largest share, primarily due to their high adoption in hospitals and ambulatory clinics
Electric powered segment dominated the market, owing to its ease of use, and can be easily installed
The gastric diseases segment will grow at a rapid pace on account of growing cases of gastric ulcers, unhealthy diets, and misbalanced daily work routine
Asia Pacific will show substantial growth, owing to a huge un-tapped populace seeking medical attention
Key players include Allied Healthcare Products, Precision Medical, Integra Biosciences, Medicop, Drive Medical, and ZOLL Medica.
Polaris Market Research has segmented the medical suction devices market report based on portability, vacuum system, end-use, and region: