Suction Tube Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4240
Suction Tube Market size is projected to experience significant growth from 2019 to 2025.
Growing number of surgeries across the world will boost the global suction tube market growth over the forecast timeframe. Suction tubes are used for removal of body fluids and secretions during surgical procedures. As per the World Health organization data, in 2015, 9,882,176 surgeries were performed in Russia. Thus, with increasing number of surgeries the demand for suction tubes will expand in the forthcoming years.
Rising geriatric population globally is estimated to stimulate suction tube business growth during the coming period. Elderly population is at a greater risk of suffering from various chronic and infectious diseases, thus potentially requiring surgery. Moreover, the population is prone to suffer complications during surgical procedures. The World Health Organization estimates that the global baby boomer population will reach about 1.5 billion by 2050. Thus, accelerating elderly base will impel the suction tube market growth in the upcoming years.
However, risk of infection transmission may hinder the suction tube industry size in the projection period.
Steel suction tube market is forecast to witness rapid growth in the upcoming years. these suction tubes are made up of malleable material and can be coated with phospholipid coating to enhance biocompatibility. The stainless steel suction tubes are rust-free and can be re-used. Availability of such suction tubes at affordable cost will spur its adoption rate over the future years.
Nasal surgery market will hold for significant revenue size and will progress at a robust rate during the analysis period. With growing number of nasal surgeries such as sinus surgery, rhinoscopy and sinoscopy, the demand for suction tubes is forecast to increase significantly. During surgical procedures involving removal of polyps, suction tubes prove beneficial for accurate removal. Thus, growing infection transmission and other nasal disorders will spur the segmental growth in the forecast years.
The U.S. suction tube market will progress at momentous pace owing to rapidly rising number of surgeries, especially ambulatory surgical centers. Shorter procedural duration and better affordability coupled with rising chronic diseases are the key factors driving growth in surgeries in ambulatory centers. Furthermore, presence of sophisticated infrastructure in healthcare settings will boost the product demand. In addition, continuous technological advancements and research to improve surgical products will augment the U.S. suction tube industry growth over the foreseeable future.
India suction tube market is projected to grow lucratively in the forecast years. Rapid growth can be attributed to increasing elderly population and growing epidemiology of diseases in the country, thereby stimulating the need for surgical procedures. Expanding number of healthcare facilities and rising spending in healthcare sector will assist India suction tube market growth in the projection timeframe.
Some of the key industry players include Cardinal Health, Sklar Surgical Instruments, Smiths Medical, Medtronic and Polymed Medical Devices among other players. Product innovations, launch and inorganic strategic alliances are some of the strategies adopted by these firms to fortify their customer portfolio and increase market footprint. For instance, in August 2018, Teleflex introduced a U.S.-based clinical study for CleanSweep closed suction system, a balloon-sweeping technology and traditional suction collection to eliminate secretion build-up inside the endotracheal tube, that will enhance the company’s product portfolio in the forthcoming years.
Suction Tube Market by Type, 2014-2025 (USD Million)
Suction Tube Market by Application, 2014-2025 (USD Million)
- Nasal surgery
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Blacksmith Surgical
- Cardinal Health
- Elite Medical
- Integra LifeSciences
- McKesson Medical
- Polymed Medical Devices
- Sklar Surgical
- Smiths Medical
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