The Global Suction Catheters Market Size is valued at 412.7 Million in 2022 and is predicted to reach 847.51 Million by the year 2031 at a 9.52% CAGR during the forecast period for 2024-2031.
Suction catheters assist ventilator-dependent individuals with respiratory problems in cleaning their respiratory tracts. Suction catheter demand increases as persons with chronic respiratory illnesses rises. One of the key factors driving the expansion of the medical suction device market is the rise in chronic disorders of the respiratory system. The world's rapidly rising pollution has been identified as a significant reason for the current increase in respiratory ailments. People who utilize private vehicles frequently contribute significantly to environmental pollution. Suction catheters must be used to remove the secretions produced in the system and treat acute lower respiratory tract problems.
The quick improvements in the medical field have encouraged prospective patients to choose such cutting-edge operations that serve to deliver suction catheters are becoming more and more necessary due to the development in chronic respiratory conditions like asthma and COPD as well as player R&D activity. In addition, aging populations, pollution, and growing demand for improved technologies contribute to the market growth for suction catheters. Additionally, the development of the market is influenced by minimally invasive surgery.
Market Segmentation:
The suction catheters market is segmented on the product, material and type. Based on type, the suction catheter market is divided into closed and yankauer suction catheters. Based on material, the suction catheters market is segmented into latex and latex free. Based on end-use, the suction catheters market is segmented into hospitals, ambulatory care centres and others.
Based on material, the latex segment is a major contributor to the suction catheters market.
The market's leading segment is latex due to its high durability and long life cycle, which make it a more cost-effective option than alternatives. The latex market is primarily driven by rising demand from end-user industries such as the construction, automotive, and medical sectors. The market is also driven by an increase in interest in decreasing carbon footprint through sustainable green products in end-user industries.
The ambulatory care centers segment witnessed growth at a rapid rate.
Ambulatory care centers grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time due to the advantages of flexibility. The increase in outpatients is driving the increasing demand for the segment of ambulatory care centers. Numerous individuals choose quick diagnoses at ambulatory care facilities due to the rising need for specialized treatments. The demand for suction catheters in clinics is also driven by the increase in the use of suction procedures in dentistry clinics. Additionally, according to NHS Supply Chain, hospitals and clinics are the main locations for healthcare consumables.
The North American suction catheter market holds a significant regional revenue share.
North America holds a significant portion of the global market for medical suction catheters because of the region's high prevalence of chronic respiratory diseases, growing elderly population, and rising healthcare spending. The number of treatments carried out annually is increasing since younger people and children are increasingly prone to respiratory illnesses. This is expected to contribute to market expansion as well. In addition, the market is anticipated to grow due to the growing use of innovative medical equipment. Besides, the Asia Pacific region is estimated to hold a significant market share. A large patient population, rising respiratory disease prevalence, a high birth rate, and the existence of quickly developing countries make the Asia Pacific area the market with the quickest growth. A growing target patient population, increased medical tourism, and improved healthcare infrastructure contributes to the region's growth.
Competitive Landscape
Some major key players in the Global Suction Catheters Market:
- Medline Industries L.P.
- B Braun SE
- BD
- Aminso International Inc.
- Cardinal Health
- Dynarex Corporation
- PFM Medical AG
- Ivor Shaw T/A Pennine Healthcare
- Smiths Group Plc
Global Suction Catheters Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 412.7Million |
|
Revenue Forecast In 2031 |
USD 847.51 Million |
|
Growth Rate CAGR |
CAGR of 9.52% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million, volume (units) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
Type, Material, End-Use |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Medline Industries L.P.; B Braun SE; BD; Aminso International Inc.; Cardinal Health; Dynarex Corporation; PFM Medical AG; Ivor Shaw T/A Pennine Healthcare; Smiths Group Plc |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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