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. 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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=100130488

In 2015, North America is expected to dominate the market followed by Europe. However, the Asia-Pacific medical suction device market is slated to grow at a highest CAGR owing its aging population and the consequent increase in home care, and the rising prevalence of chronic diseases are responsible for growth of market in Asia-Pacific region. Furthermore, the increasing focus of prominent players on APAC is another factor driving the growth of this market.

Key market players include Allied Healthcare Products Inc. (U.S.), ATMOS MedizinTechnik GmbH & Co. KG (Germany), Drive Medical (U.S.), INTEGRA Biosciences (Switzerland), Medela Holding AG (Switzerland), Medicop (Slovenia), Precision Medical, Inc. (U.S.), SSCOR, Inc. (U.S.), ZOLL Medical Corporation (U.S.), Weinmann Geräte für Medizin GmbH + Co. KG (Germany), Laerdal Medical (Norway), MG Electric Ltd (Colchester), Labconco Corporation (U.S.), Welch Vacuum (U.S.), Amsino International Inc. (U.S.) and Olympus Corporation (Japan).

Stakeholders include nursing service providers, hospitals/clinics, academic researchers/government research organizations, private research institutes, contract manufacturing organizations (CMOS), medical suction equipment manufacturers, contract research organizations (CROS), market research and consulting firms and venture capitalists.