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.
The smoke evacuation systems market is estimated to grow at a CAGR of 6.6% to reach USD 223 million by 2024 from USD 162 million in 2019.
- In November 2019, CONMED Corporation (US) acquired Buffalo Filter LLC (US) in order to improve its smoke evacuation product line.
- In January 2018, Stryker Corporation (US) acquired Safe Air (Switzerland) to enhance its product portfolio in surgical smoke evacuation.
- In January 2017, Ethicon (US) acquired Megadyne Medical Products (US), Inc. to expand its advanced energy portfolio related to smoke evacuation products.
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Key Market Players
CONMED Corporation (US), Medtronic Plc (Ireland), Olympus (Japan), Ethicon (US), Erbe Elektromedizin GmbH (Germany), KLS Martin (Germany), Stryker Corporation (US), 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 system market.