Vantage Market Research
Aug 27, 2024
According to analysts at Vantage Market Research, the Global Medical Suction Devices Market size is worth USD 1.13 Billion in 2023 and is projected to reach USD 1.83 Billion by 2032, growing at a CAGR (Compound Annual Growth Rate) of 5.5 % from 2024 to 2032. The medical suction devices market is driven primarily by the rising prevalence of respiratory diseases and chronic conditions that necessitate regular suction procedures for airway clearance, alongside the increasing demand for portable and compact suction devices in hospital and home care settings.
Market Overview
The medical suction devices market is experiencing significant growth due to the increasing demand for efficient and reliable suction systems in healthcare settings. These devices play a critical role in medical procedures by removing fluids, secretions, and obstructions, enhancing patient safety and comfort. The rise in surgical procedures, technological advancements, and awareness about infection control further enhance the adoption of medical suction devices across hospitals, clinics, and ambulatory surgical centers.
Technological advancements are also driving innovation within the market, resulting in the development of more sophisticated suction devices that feature improved performance and user-friendly designs. The emergence of portable and battery-operated suction systems makes these devices more accessible and versatile, particularly in emergency and home healthcare settings. Additionally, the ongoing focus on improving healthcare infrastructure globally creates further opportunities for the market, as healthcare providers seek to equip their facilities with modern suction technologies to serve patient needs better.
Premier Inc. Secures Exclusive Agreement with Amsino International Inc.
In March 2023, Premier Inc. secured an exclusive agreement with Amsino International Inc. for suction and fluid management products. This agreement grants Premier members access to pricing and terms prearranged by Premier, offering a unique opportunity to benefit from competitive rates for these essential products.
Key Takeaways from the Report
- By Applications, the Surgical Applications segment dominated the market in 2023
- By Portability, the Non portable segment captures the highest market share of 63.1% in 2023
- Based on the Vacuum System, the Electrically powered category accounted for about 43.1% of the market share in 2023
- By Region, North America dominated the market in 2023, gaining the major market share above 31.1%
- The Asia Pacific market is expected to grow significantly from 2024 to 2032
- The market is growing due to the rising prevalence of chronic respiratory disorders like COPD, lower respiratory infections, and asthma, as well as an increasing number of surgeries
Top Companies
- Allied Healthcare Products Inc.
- Precision Medical Inc.
- Integra Biosciences AG
- Medicop Inc.
- ATMOS MedizinTechnik GmbH & Co. KG
- ZOLL Medical Corporation
- Welch Vacuum
- Laerdal Medical
- Labcoco Corporation
- Amsino International Inc.
- Olympus Corporation
Latest News
Flexicare (Group) Limited Acquires Allied Healthcare Products
- In April 2024, Flexicare (Group) Limited, a leading creator and global supplier of cutting-edge medical equipment, completed the acquisition of Allied Healthcare Products. This acquisition is intended to broaden Flexicare’s range of products to encompass new areas such as emergency items, medical gas systems, suction regulators and aspirators, transport ventilators, CO2 absorbents, and home healthcare products. It will utilize well-established brands, including Gomco, Lif-O-Gen, Chemetron, Timeter, Vacutron, Schuco, B&F Medical, Carbolime, and LithoLyme.