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The Smoke Evacuation System Market size is estimated to reach $229.3 Million by 2025, growing at a CAGR of 5.8% during the forecast period 2020-2025, The smoke evacuation systems are the high-flow vacuum sources at the surgical site. Smoke Evacuation Systems are designed to use in general surgery and operating room. The increasing number of chronic diseases in the region, technological advancement, and the domicile presence are driving the growth for the dominance region and is set to propel the market growth during the forecast period 2020-2025.
Smoke Evacuation System Market Segment Analysis – By Product Type
Based on Product Type, Smoke Evacuation System Market is segmented into Stationary Systems, Portable Systems, Smoke Evacuation Filters, Smoke Evacuation Pencils & Wands, Ultra-low Penetration Air (ULPA) Filters, Charcoal Filters, In-line Filters, Pre-filters, and Accessories. The smoke evacuation system Ultra-flow penetration air ULPA filters holds the largest share in terms of revenue in 2019. This is owing to its growing adoption among health care facilities and substantial usage due to the safety benefits of providing a healthier environment for technologists, surgeons, nurses, and surgical teams. The smoke evacuation tubing sub-segment is set to be the fastest-growing CAGR of 6.54% during the forecast period 2020-2025. This is owing to rise in number of surgeries performed and recent product launches in this sub-segment is contributing to the large share in this market.
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Smoke Evacuation System Market Segment Analysis – By Application Type
Based on Application type, Smoke Evacuation System Market is segmented into Laparoscopic Surgeries, Open General Surgeries, Medical Aesthetic Surgeries, Orthopedic Surgeries, and Others. Laparoscopy segment holds the largest share in terms of revenue in 2019. This is owing to Rise in number of surgeries performed and recent product launches in the hospitals globally. Open General Surgeries segment is set to be the fastest-growing CAGR during the forecast period 2020-2025. This is owing to increasing incidence of health care facilities and substantial usage due to the safety benefits of providing a healthier environment for technologists, surgeons, nurses, and surgical teams among others.
Smoke Evacuation System Market Segment Analysis – By Geography
Based on Geography, the Smoke Evacuation System Market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America accounted for the largest share of 38.7% in 2019. This is owing to the large elderly and obese population facing cardiac and orthopedic problems and rise in incidences of cancer in North America are anticipated to drive the market in this region. Asia Pacific is set to be the fastest-growing CAGR during the forecast period 2020-2025.this is owing to improved healthcare infrastructure and growing number of patients in the Asia Pacific region.
Smoke Evacuation System Market Drivers
Growth in the product availability
The main challenge for smoke evacuation market is the Healthcare providers are using evacuation devices for the removal of smoke from surgical theatres. Surgical plume inhalation results in chronic medical conditions among patients and surgeons exposed to them. Some of industry associations and government agencies have recognized the clinical risk associated with surgical plume inhalation. Thus, product manufacturers are increasingly focusing on developing and commercializing novel products that offer safer and more effective smoke evacuation. Thus, these factors drive the growth in the product availability and smoke evacuation system market.
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Smoke Evacuation System Market Challenges
The smoke evacuation systems market is impacted due to the pandemic. The Increasing government pressure to reduce healthcare costs, several healthcare providers have aligned themselves with group purchasing organizations and integrated health networks. Moreover, the bulk purchasing of systems increases pricing pressure and decreases the profit margin of market players which are busy in the manufacturing and marketing of smoke evacuators and surgical equipments.
Smoke Evacuation System Market Industry Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Smoke Evacuation System Market. Key companies of this market are Conmed Corporation, Deroyal, Ecolab, Erbe Elektromedizin GmbH, Ethicon, I.C Medical, KLS Martin, and Medtronic Plc.
Smoke Evacuation System Market Developments:
In February 2019, Conmed Completes Acquisition of Buffalo Filter LLC, the acquisition of surgical smoke evacuation tech developer Buffalo Filter for $365 million.
Geographically, North America Smoke Evacuation System market Accounted for the highest revenue share in 2019, owing to high rate of adoption of these systems by hospitals and increase in affordability of such systems.
Factors such as increasing use of Stationary Surgical systems in the emerging countries and there are two types systems for evacuating the surgical smoke created by electrosurgery and laser Stationary systems, represent a major commitment on the part of the healthcare facility. The Surgical Systems are cost-effective and these systems are easy to use, are quieter than their portable counterparts, and these systems require minimal user maintenance and are driving the smoke evacuations system market during the forecast period 2020-2025.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Smoke Evacuation System market.
Related Reports :
A. Medical Aesthetic Devices Market
B. Ambulatory Surgical Centers IT Services Market
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