Medical Suction Devices Market is to reach USD 1275.09 Mn by 2029 at a growth rate of 5.7 percent over the forecast period

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Pune, May 08, 2023 (GLOBE NEWSWIRE) — Maximize Market Research, a global Healthcare market research firm has published competitive intelligence and market research report on the “Medical Suction Devices Market”. The Medical Suction Devices Market size was valued at USD 865 Mn in 2022. The total Medical Suction Devices Market revenue is expected to grow at a CAGR of 5.7 percent from 2023 to 2029, reaching USD 1275.09 Mn during the forecast period.

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Medical Suction Devices Market Scope and Research Methodology

The objective of the report is to present a comprehensive analysis of the Medical Suction Devices Market. The Medical Suction Devices Market is segmented by Product Type, End-User, Distribution Channel, Application, and Packaging. The Medical Suction Devices Market report is a guide for investors that provides a comprehensive analysis of the competitive benchmarking of major market players in the market by revenue, financial status, portfolio, growth strategies, and geographical presence.
Data for analysis of the Medical Suction Devices industry is collected by both primary and secondary research methods. The report is a detailed analysis of the Medical Suction Devices Market by country, regional and global presence. The Medical Suction Devices Market size was estimated through a bottom-up approach. The new entrants in Medical Suction Devices Market were researched for growth prospects and future business outlooks. Restraints, drivers, challenges, and opportunities are provided in detail in the Medical Suction Devices Market report.

Medical Suction Devices Market Overview

Medical suction devices are devices that are designed to clear the blockage in the internal respiratory organs caused by saliva, blood, or other secretion. It generally helps the patient to breathe smoothly and is operated by manual hand pumps or can be electrically operated or on batteries. Proper management of fluids is an important function of medical suction devices. These factors are expected to drive the demand for Medical Suction Devices.

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The continued investment and research in medical suction devices driving the market growth

The growth in chronic pulmonary and respiratory diseases due to air, water, and another form of pollution needs emergency care within a few minutes. The continuous investment and research and developments by major Medical Suction Devices Key Players have been driving the market growth. Medical suction devices are required by the expanding global healthcare sector and will be used in clinical procedures like obstetrics, endoscopy, dentistry, and gastroenterology. Additionally, since the pandemic, there has been an increase in funding and understanding of the value of infrastructure development in the healthcare sector. These elements are anticipated to fuel the expansion of the market for medical suction devices.

North America is expected to hold a Significant Share of the Medical Suction Devices Market over the Forecast Period

The increasing prevalence of chronic diseases in the United States and other countries in the region, North America is one of the major contributors to the market’s growth. North America holds the greatest market share for medical suction devices in 2022, and it is predicted that during the forecast period (2023-2029), it would expand at a CAGR of 3.1%. Nearly USD 187.6 billion will be spent on healthcare in the United States in 2021. The growth of the medical suction devices industry has been fuelled by the transition from institutionalized healthcare to home healthcare and the rise in demand for small, portable suction devices.

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Medical Suction Devices Market Segmentation

By Type:

• AC-powered Devices
• Battery-powered Devices
• Dual-powered Devices
• Manually operated Devices

Based on Type AC-powered devices segment held the largest share in the Medical Suction Devices Market in 2022. The dual-powered devices segment is expected to hold the largest revenue share in the market during the forecast period (2023-2029). The increasing demand for suction devices at home is driving the growth of dual-powered suction devices. It offers a wide vacuum range, a wide operating and storage temperature range

By Machine

• Ordinary Electric Suction
• Artificial Abortion Electric Suction
• Gastric Lavage Electric Suction
By Portability

• Hand Handled Devices
• Wall Mounted Devices
By Application

• Airway Clearing
• Surgical
• Research and Diagnostics
By End User

• Hospital
• Home
• Clinics
• Pre-hospitals
• Others
Based on End-use The hospital segment held the largest share in the Medical Suction Devices Market and is expected to dominate the market. The growing healthcare infrastructure across the world with advanced medical equipment coupled with technologies such as big data, AI and ML driving the demand for easy-to-handle, safe and portable medical suction devices.

Medical Suction Devices Market Key Players include

• Allied Healthcare Products, Inc.
• MEDICOP d.o.o.
• Integra Biosciences AG
• Labconco Corporation
• Asahi Kasei Corporation
• Precision Medical, Inc.
• Amsino International, Inc.
• Medela AG
• ATMOS MedizinTechnik GmbH & Co. KG
• Laerdal Medical
• Drive Medical
• ZOLL Medical Corporation
• Welch Vaccum
• Amsino International Inc.
• Olympus Corporation
• SSCOR
• GPC Medical Ltd.
• Bharat Surgical Company
• Monarch Meditech
• Anand Medicaids Pvt. Ltd.

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Key questions answered in the Medical Suction Devices Market are:

• What is Medical Suction Devices?
• What was the Medical Suction Devices Market size in 2021?
• What is the expected Medical Suction Devices Market size by 2029?
• What is the growth rate of the Medical Suction Devices Market?
• Which are the factors expected to drive the Medical Suction Devices Market growth?
• Which factors are expected to restrain the Medical Suction Devices Market growth?
• Which segment dominated the Medical Suction Devices Market growth?
• What is the demand pattern for the Medical Suction Devices Market?
• Which region held the largest share in the Medical Suction Devices Market?
• Who are the key players in the Medical Suction Devices Market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by Product Type, End-User, Distribution Channel, Application, and Packaging
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.