North America commands largest share of global medical suction devices market in 2015 and is expected to grow at a second-highest growth rate from 2015-2020. According to Centers for Disease Control & Prevention (CDC), in 2014, chronic diseases accounted for 7 out of 10 deaths and 86% of healthcare costs in U.S.
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 .
Major factors contributing to growth of global medical suction devices market include paradigm shift from traditional healthcare settings to home healthcare and increasing need for compact and portable devices. Moreover, rising adoption of home care has led to increased demand of portable suction devices, as they are reliable & easy to use and have high durability & robustness.
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.
It was reported that ~50% of Americans suffer from at least one chronic disease. Considering potential of suction devices in treatment of chronic respiratory diseases, suction devices market is expected to flourish in coming years, provided these devices get rapid market approvals.
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The report provides insights on the following pointers:
- Market Penetration: Report analyzes 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 medical suction devices market
- Competitive Assessment: In-depth assessment of market strategies, geographical and business segments, and product portfolios of leading players in medical suction devices market
- Market Development: Report analyzes 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
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).
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Growth in this market can primarily be attributed to paradigm shift from traditional healthcare settings to home healthcare and increasing need for compact and portable devices. Moreover, rising adoption of home care has led to increased demand of portable suction devices, as they are reliable & easy to use and have high durability & robustness.
Market by portability is sub-segmented into handheld & wall-mounted devices. This market is dominated by wall-mounted devices segment and is also expected to grow at highest CAGR. High growth of this segment is attributed to rise in number of hospitals and clinics where these devices are most widely used.
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