Thursday, 2 November 2017

Declining Prices of Medical Suction Device Increasing Their Uptake in Emerging Countries

Suction is the process of applying vacuum or negative pressure to absorb fluids or gases. These help in maintaining a hygienic or sterile setup and easy disposal of unwanted fluids and gases in industrial and medical scenarios. In the medical scenario, a suction unit is used for sucking biological fluids such as blood, mucus, saliva, vomit, sera, and other secretions.

The medical suction devices market is expected to reach USD 886.3 Million by 2020 from USD 732.0 Million in 2015. Major factors driving the growth of this market the paradigm shift from traditional healthcare settings to home healthcare and the increasing need for compact and portable devices.

Growth in this market can primarily be attributed to the paradigm shift from traditional healthcare settings to home healthcare 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. This helps healthcare providers and patients to use suction devices without any assistance. 

The other factors contributing to the growth of this market include rising aging population (with the rising aging population the need for emergency care increases, which in turn increases the demand for handheld devices that provide instant relief to patients), declining prices of suction devices, rising incidences of chronic respiratory diseases, and rise in the number of surgical procedures (which have increased the usage of suction devices that are specifically used during surgeries).

In addition, emerging markets have opened an array of opportunities for players in the medical suction devices market; however, the highly commoditized market and limited reimbursement policies could hinder the growth of this market to a certain extent during the forecast period.

Regional Analysis : 

The global market is dominated by North America, followed by Europe. The market in Asia is expected to grow at a highest CAGR during the forecast period.
                                   Medical Suction Devices Market
 Factors such as growth in its aging population and the consequent increase in home care, and the rising prevalence of chronic diseases are responsible for growth of medical suction device market in Asia-Pacific region. Furthermore, the increasing focus of prominent players on APAC is another factor driving the growth of this market.


No comments:

Post a Comment