Medical Suction Devices Market Growing At A CAGR Of 6.0% From 2022-2032 | Stryker Corporation , Aspirus Mediquip , Laerdal Medical
The global Medical Suction Devices Market was valued at US$ 0.9 billion in 2022 and it is anticipated to grow up to US$ 1.5 billion by 2032, at a CAGR of 6.0% during the forecast period.
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A medical suction device is a piece of medical equipment that is used to remove bodily fluids, secretions, or pollutants from a patient’s body. It works by applying negative pressure to a collecting container, which attracts fluids or pollutants into it. Suction devices are frequently used in emergency and clinical settings such as hospitals, ambulances, and home care settings to assist patients who are unable to remove secretions on their own.
Market Drivers and Trends
One of the primary reasons driving market expansion is the rising frequency of chronic respiratory disorders. According to the WHO 2019 study, over 65 million people suffer from moderate to severe COPD, and over 3.2 million people die from this condition each year. According to the same source, asthma is the most frequent chronic condition among children, with approximately 262 million people suffering from it in 2019. As a result, suctioning a patient with asthma or COPD requires the use of a medical suction apparatus. Because COPD and asthma induce a rise in airway secretions, which can obstruct the airway. As a result, demand for medical suction devices is expected to rise throughout the forecast period.
Additionally, the medical suction equipment market is expanding as the elderly population grows. According to the United Nations Population Division’s Global Population Prospects 2022 Revision, which was issued in June 2022, there will be 729.4 million individuals aged 65 and over in the globe in 2022. This was a 1.6% rise over 2021 and a 10.6% increase over 2010. According to the estimate, the number of individuals aged 65 and over will continue to rise, reaching 1.5 billion by 2030 and 2.1 billion by 2050. As the aging population grows and becomes more aware of chronic respiratory problems, the market is likely to expand. The aging population is driving the need for compact portable suction devices that may be employed in home care settings. These drivers are likely to propel market expansion.
Market Restraints and Challenges
The rigorous development process, as well as the related government restrictions and clearances for medical equipment manufacture impede the market. However, inadequate reimbursement coverage for medical suction devices used in-home care is expected to limit market growth in the future years.
Major Players in the Global Medical Suction Devices Market
The key players studied in the global Medical Suction Devices Market are Medtronic (USA), Stryker Corporation (USA), Aspirus Mediquip (USA), Laerdal Medical (Norway), Atmos Medizintechnik GmbH & Co. KG (Germany), Allied Healthcare Products, Inc. (USA), Precision Medical, Inc. (USA), Weinmann Emergency Medical Technology (Germany), Allied Healthcares Products Inc. (USA), and Olympus Corporation (Japan).
COVID-19 Impact
COVID-19 increases the requirement for medical suction equipment such as endotracheal suction for removing fluid secretions from COVID-19 patients’ lungs and airways. In a COVID-19 condition, the patient’s airways must be cleansed of sputum on a frequent basis to prevent entrance into the lungs, where it might harden and lead to ICU admission. As a result, numerous enterprises boosted their medical suction device manufacturing and released new sophisticated medical suction devices. As a result, the COVID-19 epidemic is expected to benefit the medical suction device industry.
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Market Segments
By Product Type
- Portable Suction Devices
- Wall-Mounted Suction Devices
- High-Volume Suction Devices
- Handheld Suction Devices
By Application
- Surgical Suction
- Airway and Respiratory Suction
- Pleural and Thoracic Drainage
- Gastric and Digestive Tract Suction
- Wound Drainage
- Others
By End-User
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Home Healthcare
- Emergency Medical Services (EMS)
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