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Latest Report on Medical Suction Devices Market - Overview and Industry Insights (2016 to 2020)

Press Release   •   May 20, 2016 05:18 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.rnrmarketresearch.com/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-pr-st-to-2020-market-report.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.

Stakeholders of medical suction devices market 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.

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 discount on this research of “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 @ http://www.rnrmarketresearch.com/contacts/discount?rname=553311 .

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.

On related note another research titled with “Critical care devices market” is expected to reach USD 2.61 Billion by 2021 from USD 1.78 Billion in 2016, at a CAGR of 8.0% is available at http://www.rnrmarketresearch.com/asia-and-north-africa-critical-care-equipment-market-by-product-infusion-pumps-ventilators-patient-monitors-competitive-analysis-forecasts-to-2021-market-report.html .

Explore more reports on Therapeutics at http://www.rnrmarketresearch.com/reports/life-sciences/pharmaceuticals/therapeutics .

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