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The surgical suction instruments market share is expected to increase by USD 109.66 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.09%.
This surgical suction instruments market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers surgical suction instruments market segmentation by type (disposable and reusable) and geography (North America, Europe, Asia, and ROW). The surgical suction instruments market report also offers information on several market vendors, including Allied Healthcare Products Inc., APEX Medical Corp., Applied Medical Resources Corp., Bionix LLC, Cardinal Health Inc., Conmed Corp., Medline Industries Inc., Medtronic Plc, SP Industries Inc., and STERIS Plc among others.
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The increase in volume of surgeries coupled with chronic diseases and older population is notably driving the surgical suction instruments market growth, although factors such as stringent regulatory framework may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the surgical suction instruments industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Surgical Suction Instruments Market Driver
One of the key factors driving growth in the surgical suction instruments market is the increase in volume of surgeries coupled with chronic diseases and older population. Surgical care is essential to manage diverse healthcare conditions such as orthopedic, ear nose throat (ENT), thoracic, and many other chronic disease conditions. With the increase in the volume of surgeries, the demand for surgical suction instruments also increases. Furthermore, the prevalence of chronic diseases and obesity, coupled with the growing aging population, will also have a positive impact on the market growth. Delicate surgeries such as spinal, neuro, and cranial require complex advanced instruments with high precision and reliability. The increased prevalence of chronic disorders such as cardiovascular and gynecological disorders among this population will boost the frequency of surgical procedures. The presence of a large patient pool with chronic disorders will lead to a significant increase in the demand for surgical suction instruments for diagnosis and treatment, thereby contributing to the market growth.
Key Surgical Suction Instruments Market Trend
The high growth potential in emerging economies is another factor supporting the surgical suction instruments market share growth. Factors such as the growing awareness of improving patient safety, the increasing number of government initiatives, and the growing prevalence of contagious diseases are posting vendors with the opportunity to establish themselves in emerging economies such as China and India. Increasing outsourcing activities for manufacturing disposable medical supplies, low cost of raw materials, and low labor costs are some of the factors attracting new entrants and established vendors to expand their footprint in developing countries. The growing number of large and mid-sized hospital facilities in developing countries is also propelling the demand for surgical suction instruments, which are required during surgical and non-surgical procedures.
Key Surgical Suction Instruments Market Challenge
The stringent regulatory framework will be a major challenge for the surgical suction instruments market during the forecast period. Most surgical suction instruments are subject to stringent regulations before regulatory approval. Gaining regulatory approval is often difficult, unpredictable, and subjective. In all regions, most technical challenges related to the development of new products are evident during the clinical trial phase. If vendors fail to provide clinical data with positive results in one specific region, then it can lead to a cost burden and cause uncertainty or impact the other trials. This can cause hindrance for vendors that are developing surgical suction instruments. Strict product approval processes and safety regulations make it hard for manufacturers to launch new products in the market. The stringent regulatory scenario hinders the growth of the global surgical suction instruments market
This surgical suction instruments market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global surgical suction instruments market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the surgical suction instruments market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the surgical suction instruments market encompasses successful business strategies deployed by the key vendors. The surgical suction instruments market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Bionix LLC - The company offers surgical suction instruments that are designed to allow health care practitioners to safely remove cerumen from the ear with the added benefit of light and magnification.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The surgical suction instruments market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the surgical suction instruments market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the healthcare equipment market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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37% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for surgical suction instruments in North America. Market growth in this region will be slower than the growth of the market in the European and Asian regions.
The increasing older population, coupled with chronic diseases and an increase in the volume of surgeries will facilitate the surgical suction instruments market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The surgical suction instruments market share growth by the disposable segment will be significant during the forecast period. Hospitals are taking various precautions such as adopting disposable medical supplies, including surgical suction instruments, to reduce the risk of infections in hospital facilities. The adoption of such supplies is fueled by their cost-effectiveness and reduced need for sterilization before use. Moreover, the growing focus of hospitals on prevention management to meet the regulatory standards set by authorities such as the FDA, the European Union Medical Device Directive (MDD), and the Occupational Safety and Health Administration (OSHA) is propelling the demand for disposable surgical suction instruments.
This report provides an accurate prediction of the contribution of all the segments to the growth of the surgical suction instruments market size and actionable market insights on post COVID-19 impact on each segment.
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Surgical Suction Instruments Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.09% |
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Market growth 2022-2026 |
$ 109.66 million |
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Market structure |
Fragmented |
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YoY growth (%) |
3.52 |
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Regional analysis |
North America, Europe, Asia, and ROW |
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Performing market contribution |
North America at 37% |
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Key consumer countries |
US, Canada, Norway, The Netherlands, and Australia |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Allied Healthcare Products Inc., APEX Medical Corp., Applied Medical Resources Corp., Bionix LLC, Cardinal Health Inc., Conmed Corp., Medline Industries Inc., Medtronic Plc, SP Industries Inc., and STERIS Plc |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key finding 2
*Exhibit 03: Key finding 3
*Exhibit 04: Key finding 5
*Exhibit 05: Key finding 6
*Exhibit 06: Key finding 7
*Exhibit 07: Key Finding 8
***2. Market Landscape
**2.1 Market ecosystem
*2.1.1 Parent market
*Exhibit 08: Parent market
*Exhibit 09: Market characteristics
**2.2 Value chain analysis
*Exhibit 10: Value chain analysis: Healthcare Equipment
*2.2.1 Research and development
*2.2.2 Inputs
*2.2.3 Operations
*2.2.4 Distribution
*2.2.5 Marketing and sales
*2.2.6 Post-sales and services
*2.2.7 Industry innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 11: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 12: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 15: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 16: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 17: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 18: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 19: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 20: Threat of rivalry
**4.7 Market condition
*Exhibit 21: Market condition - Five forces 2021
***5. Market Segmentation by Type
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 22: Type - Market share 2020-2025 (%)
**5.2 Comparison by Type
*Exhibit 23: Comparison by Type
**5.3 Disposable - Market size and forecast 2021-2026
*Exhibit 24: Disposable - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Disposable - Year-over-year growth 2021-2026 (%)
**5.4 Reusable - Market size and forecast 2021-2026
*Exhibit 26: Reusable - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Reusable - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Type
*Exhibit 28: Market opportunity by Type
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**6.1 Overview
*Exhibit 29: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*The regions covered in the report are:
*Exhibit 30: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 31: Geographic comparison
**7.3 North America - Market size and forecast 2021-2026
*Exhibit 32: North America - Market size and forecast 2021-2026 ($ million)
*Exhibit 33: North America - Year-over-year growth 2021-2026 (%)
**7.4 Europe - Market size and forecast 2021-2026
*Exhibit 34: Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 35: Europe - Year-over-year growth 2021-2026 (%)
**7.5 Asia - Market size and forecast 2021-2026
*Exhibit 36: Asia - Market size and forecast 2021-2026 ($ million)
*Exhibit 37: Asia - Year-over-year growth 2021-2026 (%)
**7.6 ROW - Market size and forecast 2021-2026
*Exhibit 38: ROW - Market size and forecast 2021-2026 ($ million)
*Exhibit 39: ROW - Year-over-year growth 2021-2026 (%)
**7.7 Key leading countries
*Exhibit 40: Key leading countries
**7.8 Market opportunity by geography
*Exhibit 41: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Increase in volume of surgeries coupled with chronic diseases and older population
*8.1.2 Rise in demand for minimally invasive surgical procedures
*8.1.3 Availability of different types of surgical suction instruments according to surgical procedure
**8.2 Market challenges
*8.2.1 Stringent regulatory framework
*8.2.2 Lack of budget among the hospitals in low-income countries to purchase the costly surgical instruments
*8.2.3 Partnership among competitors leading to rivalry
*Exhibit 42: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 High growth potential in emerging economies
*8.3.2 Technological advancements
*8.3.3 Rise in per capita healthcare expenditure and disposable income in developing countries
***9. Vendor Landscape
**9.1 Overview
*Exhibit 43: Vendor landscape
**9.2 Landscape disruption
*Exhibit 44: Landscape disruption
*Exhibit 45: Industry risks
**9.3 Competitive landscape
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 46: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 47: Market positioning of vendors
**10.3 Allied Healthcare Products Inc.
*Exhibit 48: Allied Healthcare Products Inc. - Overview
*Exhibit 49: Allied Healthcare Products Inc. - Business segments
*Exhibit 50: Allied Healthcare Products Inc. - Key offerings
*Exhibit 51: Allied Healthcare Products Inc. - Segment focus
**10.4 APEX Medical Corp.
*Exhibit 52: APEX Medical Corp. - Overview
*Exhibit 53: APEX Medical Corp. - Product and service
*Exhibit 54: APEX Medical Corp. - Key offerings
**10.5 Applied Medical Resources Corp.
*Exhibit 55: Applied Medical Resources Corp. - Overview
*Exhibit 56: Applied Medical Resources Corp. - Product and service
*Exhibit 57: Applied Medical Resources Corp. - Key offerings
**10.6 Bionix LLC
*Exhibit 58: Bionix LLC - Overview
*Exhibit 59: Bionix LLC - Product and service'
*Exhibit 60: Bionix LLC – Key news
*Exhibit 61: Bionix LLC - Key offerings
**10.7 Cardinal Health Inc.
*Exhibit 62: Cardinal Health Inc. - Overview
*Exhibit 63: Cardinal Health Inc. - Business segments
*Exhibit 64: Cardinal Health Inc. – Key news
*Exhibit 65: Cardinal Health Inc. - Key offerings
*Exhibit 66: Cardinal Health Inc. - Segment focus
**10.8 Conmed Corp.
*Exhibit 67: Conmed Corp. - Overview
*Exhibit 68: Conmed Corp. - Business segments
*Exhibit 69: Conmed Corp. - Key offerings
*Exhibit 70: Conmed Corp. - Segment focus
**10.9 Medline Industries Inc.
*Exhibit 71: Medline Industries Inc. - Overview
*Exhibit 72: Medline Industries Inc. - Product and service
*Exhibit 73: Medline Industries Inc. - Key offerings
**10.10 Medtronic Plc
*Exhibit 74: Medtronic Plc - Overview
*Exhibit 75: Medtronic Plc - Business segments
*Exhibit 76: Medtronic Plc - Key offerings
*Exhibit 77: Medtronic Plc - Segment focus
**10.11 SP Industries Inc.
*Exhibit 78: SP Industries Inc. - Overview
*Exhibit 79: SP Industries Inc. - Product and service
*Exhibit 80: SP Industries Inc. - Key offerings
**10.12 STERIS Plc
*Exhibit 81: STERIS Plc - Overview
*Exhibit 82: STERIS Plc - Business segments
*Exhibit 83: STERIS Plc. – Key news
*Exhibit 84: STERIS Plc - Key offerings
*Exhibit 85: STERIS Plc - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 Market definition
*11.1.2 Objectives
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 86: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 87: Research Methodology
*Exhibit 88: Validation techniques employed for market sizing
*Exhibit 89: Information sources
**11.4 List of abbreviations
*Exhibit 90: List of abbreviations
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