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2020: Medical Suction Devices Market - Key Strategy, Recent Developments and Industry Insights

Press Release   •   May 30, 2016 04:20 EDT

The medical suction devices market is poised to reach USD 886.3 million by 2020 from USD 732.0 million in 2015, growing at a CAGR of 3.9% from 2015 to 2020. This market is categorized on the basis of type, portability, applications, end users, and regions.

Complete report on Medical Suction Devices Market spread across 180 Pages, Profiling 15 Companies and supported with 123 Tables and 48 Figures is now available at http://www.reportsnreports.com/reports/547553-medical-suction-devices-market-by-type-ac-powered-battery-powered-dual-manually-operated-application-surgical-airway-rd-portability-handheld-wall-mounted-end-user-homecare-hospitals-and-clinics-prehospitals-global-forecast-to-2020.html .

North America commands the largest share of the global medical suction devices market in 2015 and is expected to grow at a second-highest growth rate from 2015-2020. According to the Centers for Disease Control and Prevention (CDC), in 2014, chronic diseases accounted for 7 out of 10 deaths and 86% of healthcare costs in the U.S.

The report provides insights on the following pointers:

  • Market Penetration: The report analyzes the medical suction devices market by type, portability, application, end user, and region
  • Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the medical suction devices market
  • Competitive Assessment: In-depth assessment of market strategies, geographical and business segments, and product portfolios of the leading players in the medical suction devices market
  • Market Development: The report analyzes the market for medical suction devices across geographies
  • Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the medical suction devices market

It was reported that ~50% of Americans suffer from at least one chronic disease. Considering the potential of suction devices in the treatment of chronic respiratory diseases, the suction devices market is expected to flourish in the coming years, provided these devices get rapid market approvals.

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Major factors contributing to the growth of the global medical suction devices market include 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.

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).

Click now for more Details, Queries, Discount and Other Information on this study “Medical Suction Devices Market by Type (AC-Powered, Battery-Powered, Dual, Manually Operated), Application (Surgical, Airway, R&D), Portability (Handheld, Wall-Mounted), End User (Homecare, Hospitals and Clinics, Prehospitals) - Global Forecast to 2020” report @ www.reportsnreports.com/contacts/Discount.aspx?name=547553 .

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.

The market by portability is sub-segmented into handheld and wall-mounted devices. This market is dominated by the wall-mounted devices segment and is also expected to grow at highest CAGR. The high growth of this segment is attributed to rise in number of hospitals and clinics where these devices are most widely used.

Explore more reports on Medical Devices at www.reportsnreports.com/market-research/medical-devices/ .

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