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.
