SAN FRANCISCO, July 7, 2016 /PRNewswire/ --
The global medical suction devices market is expected to reach USD 1.04 billion by 2024, according to a new report by Grand View Research. The global medical suction devices market is expected to grow swiftly owing to the increasing prevalence of chronic respiratory diseases, such as chronic obstructive pulmonary diseases, asthma, and lung cancer. Additionally, the market is growing rapidly due mainly to the increasing adoption of suction pumps in the point-of-care facilities. Moreover, the availability of compact suction devices has fostered the usage of these devices in ambulatory and emergency centers.
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The government bodies including Ministry of Health and Family Welfare (MOHFW), Central Drugs Standard Control Organization(CDSCO), and Association of Indian Medical Device Industry (AIMED)provide the medical devices sector with a regulatory structure to promote indigenous production. Such regulations are positively impacting the market. Moreover, the increasing number of collaborations undertaken by companies, such as Drive Medical, Olympus Corporation, Laerdal Medical, with the aim of introducing technologically-advanced and improved devices is further boosting the growth of the market.
However, the lack of reimbursement coverage for the homecare suction devices and the high-cost of the wall-mounted devices are some of the factors impeding the growth of the market.
Some of the key players in this market include Allied Healthcare Products, Inc., Precision Medical, Inc., Drive Medical, INTEGRA Biosciences AG, Medicop, Inc., SSCOR, Inc., ATMOS MedizinTechnik GmbH & Co. KG, ZOLL Medical Corporation, Welch Vacuum, Laerdal Medical, Labconco Corporation, Amsino International Inc., and Olympus Corporation.
Browse full research report with TOC on "Medical Suction Devices Market Analysis By Portability (Portable, Non-portable), By Vacuum Systems (Manual, Electrically Powered, Venturi), By End-use (Respiratory, Gastric, Wound Section, Delivery rooms, Operative Field, Coronary Care, Anesthetics) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/medical-suction-devices-market
Further key findings from the study suggest:
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Grand View Research has segmented the medical suction devices market on the basis of portability, vacuum systems, end-use, and geography.
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About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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