Smoke Evacuation Systems Market: Renewed Growth Opportunities Owing to the Increasing Number of Elective Procedures
Which are The Key Factors Driving Growth in Smoke Evacuation System Market? Factors such increased product availability of smoke evacuation systems, rising patient preference for minimally invasive surgeries, expansion in the target patient population, and wider acceptance and availability of relevant operating room protocols and guidelines for smoke evacuation systems are the major factors driving the growth of the global smoke evacuation system market.
How The Smoke Evacuation Industry Will Grow in Coming Years?
The surgical smoke evacuation system market is estimated to grow at a CAGR of 6.6% to reach USD 154 million by 2025 from USD 115 million in 2020.
Emerging countries and increasing number of elective surgical procedures.
Emerging countries (such as China, India, South Korea, Brazil, and Mexico) offer significant growth opportunities to players operating in the global smoke evacuation systems market. This can be attributed to the increasing public and private initiatives undertaken by market stakeholders across these countries, coupled with low regulatory barriers for trade, continuous improvements in healthcare infrastructures, growing patient population, rising healthcare expenditure, strengthening distribution networks of market leaders in these regions, and the rising trend of medical tourism in these countries. The availability of high-quality surgical treatments at lower costs than developed markets has attracted a large number of medical tourists.
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Which Application Creating The Business Opportunities in Smoke Evacuation Industry?
On the basis of application, the smoke evacuation systems market is segmented into medical aesthetic surgeries, laparoscopic surgeries, open general surgeries, and orthopedic surgeries.
Laparoscopic surgeries accounted for the largest share of the smoke evacuation systems market in 2018. Factors such as the advantages of laparoscopic procedures over conventional open surgery and the need to improve the working environment in the operating room will contribute to the demand for smoke evacuation systems in this application segment.
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Regional Growth Analysis: This report covers the smoke evacuation systems market across four major geographies—North America, Europe, Asia Pacific, and the Rest of the World. North America commanded the largest share of the smoke evacuation systems market mainly due to factors such as the increase in the number of inpatient surgeries performed in the US, expansion in the target disease population, and wider acceptance and availability of relevant protocols and guidelines in the North America region.
Key Players In Smoke Evacuation Market: CONMED Corporation (US), Medtronic Plc (Ireland), Olympus (Japan), Ethicon (US), Stryker Corporation (US), Erbe Elektromedizin GmbH (Germany), KLS Martin (Germany), I.C Medical (US), Symmetry Surgical Inc. (US), Utah Medical Products Inc (US), Zimmer Biomet (US), Pall Corporation (US), Ecolab (US), and Deroyal (US) are some of the major players in the global smoke evacuation systems market.