The global smoke evacuation system market is estimated to grow at a CAGR of 5.6% from 2015 to 2020. Although mature markets hold larger shares in market in 2015, Asia-Pacific region is poised to grow at highest CAGR of 7.1% in next five years. Factors like growing popularity of cosmetic surgery, presence of a large patient population, government efforts to increase population access to elective surgeries, improving healthcare infrastructure, increasing disposable income, & rising medical tourism in emerging Asian countries are propelling growth of smoke evacuation system market in Asia-Pacific region.
Complete report on Smoke Evacuation System Market spread across 154 Pages, Profiling 11 Companies and Supported with 92 Tables and 41 Figures is now available at http://www.reportsnreports.com/reports/444872-smoke-evacuation-system-market-by-product-smoke-evacuators-portable-stationary-pencils-wands-tubings-accessories-application-laser-ultrasonic-electrosurgery-units-end-user-hospital-surgical-centers-clinics-global-forecast-to-2020.html
The growth of the global smoke evacuation system market is driven by a number of factors such as the global rise in geriatric and obese populations, increasing number of surgeries, growing demand for minimally invasive surgeries, and increasing demand for smoke evacuators.
In addition, emerging markets, growing number of hospitals and surgical centers, and recommendations for the use of smoke evacuation systems in operating rooms by various associations and organizations are creating new growth opportunities for manufacturers. Unfavorable healthcare reforms in the U.S., increasing preference for non-invasive treatment procedures, and a global decrease in number of cosmetic surgeries are some key reasons hampering the growth of the market.
Global Smoke Evacuation System Market, by Application
- Electrosurgical Units
- Radiofrequency Devices
- Ultrasonic Devices
- Burrs and High-speed Drills
- Cautery Units
- Ambulatory Surgical Centers
- Cosmetic Surgery Centers
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The smoke evacuation system market is found to be
competitive. As of 2014, the global smoke evacuation system market was dominated
by Buffalo Filter LLC (U.S.),I.C. Medical, Inc. (U.S.) and Covidien (Ireland),
which together accounted for ~61% of the market.
A number of factors like a rising demand for minimally invasive surgeries, increasing aging and obese population, and increasing number of hospitals and surgical centers are propelling growth of global market. In addition to this, challenges associated with this market such as growing price pressure on market players, and safety issues with smoke evacuators are also hampering the growth of this market.
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Geographic expansion & new product launches are key growth strategies in global smoke evacuation system market. Agreements, collaborations, and acquisitions were also adopted by a significant number of market players to strengthen their product portfolio and expand their geographic presence in market.
Report will enrich both established firms and new
entrants/smaller firms to gauge pulse of market, which in turn will help firms
in garnering a greater market share. Firms purchasing report could use any one
or combination of below-mentioned five strategies (market penetration, product
development/innovation, market development, market diversification, &
competitive assessment) for strengthening their market share.
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