Medical Suction Devices Market Size, Share, Growth, and Forecast to 2025
Posted by rekha on September 12th, 2019
Precision Business Insights (PBI) in its report titled “Global Medical Suction Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024” assesses the market performance over seven years forecast period over 2018-2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global medical suction devices market was valued at US$ XX Mn in 2018 and increasing at a significant CAGR over the forecast timeframe owing to increase in the prevalence of respiratory diseases such as COPD, asthma, and other chronic lung diseases all over the world. Additionally, increase in aging population, declining prices of suction devices, increase in the air pollution, increase in the awareness regarding the suction devices, and advanced healthcare systems are expected to enhance the sales of the medical suction devices market. However, lack of more number of skilled professional is expected to limit the growth of the market.
Global medical suction devices market segmented on the basis of type, portability, application, end user, and region
For request sample: https://www.precisionbusinessinsights.com/request-sample?product_id=37267
Hand Held Devices Dominates the Global Medical Suction Devices Market
Based on Portability, global medical suction devices market segmented into wall mounted portable suction devices and hand held portable suction devices. Among them, handheld portable suction devices dominated the global medical suction devices market in 2018 and estimated to dominate over the forecast period owing to its easy procedure to use, reliability, durability, increase in the adoptation of handheld devices in home care settings are anticipated to surge the market over the forecast years.
North America Leads the Global Medical Suction Devices Market
PBI’s global medical suction devices market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-2024 owing to enhanced the affordability for various airway clearance treatment services, increasing number of people diagnosed with COPD and asthma, increase in geriatric population, advanced healthcare infrastructure and presence of leading market players in the region are expected to drive the growth of the market. Asia Pacific region is expected to grow at a significant growth rate over the forecast years owing to the increasing prevalence of respiratory problems, increase in the geriatric population, increasing healthcare awareness regarding the respiratory testing systems and presence of high patient pool.
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global medical suction devices market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are
o Ac-Powered Devices
o Battery-Powered Devices
o Dual-Powered Devices
o Manually Operated Devices
o Wall-mounted suction devices
By End User
o Hospitals & Clinics
o Home Care
o North America
o Latin America
o Middle East and Africa (MEA)
For more information: https://www.precisionbusinessinsights.com/market-reports/medical-suction-devices-market/
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About the Authorrekha
Joined: July 26th, 2019
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