Suction Electric Machine Market Detailed Analysis of Current Industry Figures with Forecasts Growth and Forecast 2018-2026
Since the COVID-19 infection flare-up in December 2019, the malady has spread to right around 100 nations around the world with the World Health Organization proclaiming it a general wellbeing crisis. The worldwide effects of the coronavirus sickness 2019 (COVID-19) are now beginning to be felt, and will essentially influence the Healthcare Industry in 2020.
A suction electric machine is a medical device which is majorly used for the respiratory conditions. Respiratory conditions usually result in the secretion of mucous and serum that has to be removed from the body. A suction electric machine is also used for other applications like delivery of baby, operative procedures and others. A suction electric machine uses a catheter to vacuum out the blocking secretions and later collects it into a jar. The replacement and cleaning of the suction electric machine are very important thus, the suction electric machines are cleaned after every use. The suction electric machine also consists of bacterial filters which are replaceable and are replaced in every two months. A suction electric machine in the hospital are used for various applications but home-based suction electric machines are majorly used for respiratory-related disorders.
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Increasing prevalence of chronic respiratory diseases is considered as a primary factor in driving the growth of the global suction electric machine market. Compact and portable suction electric machine is increasing the usage in ambulatory surgical centers which is contributing to driving the growth of the global suction electric machine market. Previously, traditional methods were adopted for the removal of mucous and serum from the body which was not an effective and safe method. Growing number of cesarean section pregnancies and liposuction are further fueling the growth of the global suction electric machine market. Furthermore, rising healthcare expenditure, rising government support and growing research and development activities is also boosting the growth of the suction electric machine market. However, high treatment cost coupled with the device cost is limiting the growth of the global suction electric machine market.
The global market for suction electric machine is segmented on basis of product type, route of administration, end user and geography.
- Based on Product type, the global suction electric machine market is segmented into:
- AC operated suction electric machine
- Battery operated suction electric machine
- Based on Route of Administration, the global suction electric machine market is segmented into:
- Portable Suction Electric Machine
- Standalone Suction Electric Machine
- Based on End User, the global suction electric machine market is segmented into:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Home Care Settings
A suction electric machine is generally used to remove the mucous and serum from the patient’s body when they are not able to secrete it out on their own. The portable suction electric machine provides an outstanding performance with affordability and reliability. Numerous technological advancements are observed in order to provide the reliable device. Based on the end user, the global suction electric machine market is segmented into hospitals, ambulatory surgical centers, specialty clinics and home care settings. Among all end users, hospitals are estimated to hold the maximum market share in the global suction electric machine market.
On the basis of geography, the global suction electric machine market is segmented into six key regions viz. North America, Latin America, Europe, Asia Pacific excluding China, China and the Middle East & Africa. The North America suction electric machine market is projected to gain the maximum market share in the global suction electric machine market, followed by Europe, due to the increasing government support for research and development. The suction electric machine market in China is expected to grow with the maximum CAGR over the forecast period due to the low-cost manufacturing of devices and increasing of the birth rate. However key manufacturers are expected to face strong competition from the low prized Chinese device manufacturers. Middle-income counties are expected to show slow growth over the forecast period with improving healthcare facilities.
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Some of the key players present in the global suction electric machine market are ,
- HOVERLABS
- Ningbo Finer Medical Instruments Co., Limited
- INTEGRA Holding AG
- Spencer Italia s.r.l.
- DeVilbiss Healthcare LLC
- GBUK Healthcare
In suction electric machine market, leading market players are majorly focusing on expanding their geographical presence and investing in product development. Furthermore, adoption of various strategies like mergers, collaborations, and acquisitions are observed by various players in suction electric machine market in order to retain their market position.
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