Smoke Evacuation Systems Market Size Worth $241.5 Million by 2026: Grand View Research, Inc.

News provided by

07 Jan, 2020, 09:05 GMT

SAN FRANCISCO, Jan. 7, 2020 /PRNewswire/ -- The global smoke evacuation systems market size is anticipated to reach USD 241.5 million by 2026, according to a new report by Grand View Research, Inc., registering a CAGR of 6.6% over the forecast period. Increasing adoption of these systems in operation theaters with the rising number of surgeries, especially cosmetics procedures, are driving the market. According to American Society of Plastic Surgeons 2018, approximately 18 million people had operations, inclusive of minimally invasive procedures, in U.S.

Key suggestions from the report:

Smoke evacuating systems held the dominant share in 2018 owing to their ease of usage and associated benefits such as portability and high-flow vacuum evacuation
The smoke evacuation tubings segment is projected to register the highest CAGR over the forecast period due to the ability of these tubings to connect to both, the central vacuum and liquid traps evacuators
Laparoscopic surgeries was the largest application segment in 2018 owing to the increasing adoption of these products for targeted therapies and surgical procedures such as diverticulitis and ulcerative colitis
Hospitals was the largest end user segment in 2018 owing to an increase in frequency of surgical procedures such as appendectomies, urological surgeries, and ophthalmic surgeries and the higher adoption of these systems for these surgical procedures
CONMED Corporation; Stryker; Ethicon; Medtronic Plc; and Zimmer Biomet Holdings, Inc. are some of the major smoke evacuation systems market participants due to their broad product offerings and wide regional presence
Companies are adopting various strategies to gain competitive advantage. New product development, partnerships, mergers, acquisitions, strategic collaborations, and regional penetration are some of them.

Read 130 page research report with ToC on "Smoke Evacuation Systems Market Size, Share & Trends Analysis Report By Product, By Application (Laparoscopic Surgeries, Medical Aesthetic Surgeries), By End User, By Region, And Segment Forecasts, 2019 - 2026'' at: https://www.grandviewresearch.com/industry-analysis/smoke-evacuation-system-market

Moreover, notable growth in medical tourism, especially in developing countries such as China, Thailand, India, and Mexico, is increasing the consumer base for this market. Cost-effective surgical procedures aided by insurance coverage are the key factors influencing medical tourism countries, especially Asian countries. Hence, with the growth of the medical tourism industry, the adoption of these products in hospitals and ambulatory care centers is also anticipated to increase in the near future.

These systems are high-flow vacuum sources used during surgical procedures to capture smoke aerosols and gases generated during the use of lasers and electrosurgical units (ESUs). Surgical smoke contains harmful chemicals which can cause health problems such as respiratory distress, eye irritation, and nausea. It can also contain several carcinogenic compounds. It is therefore an occupational hazard to healthcare workers as well as patients. Therefore, there is a need for products to filter out dangerous contaminants in operating rooms, thereby driving the growth of the market.

The market is highly competitive in nature. Key participants such as CONMED Corporation; Stryker; Ethicon; Medtronic Plc; and Zimmer Biomet Holdings, Inc. accounted for a significant market share owing to their extensive product offerings. These players are focusing on implementing new strategies such as mergers, acquisitions, market penetration, partnerships, and distribution agreements to increase their revenue share.

Grand View Research has segmented the global smoke evacuation systems market based on product, application, end user, and region:

Smoke Evacuation Systems Product Outlook (Revenue, USD Million, 2014 - 2026)

Smoke Evacuating Systems

Stationary Systems
Portable Systems

Smoke Evacuation Filters

Ultra-low Penetration Air (ULPA) Filters
Charcoal Filters
In-line Filters
Pre-filters

Smoke Evacuation Pencils & Wands
Smoke-Evac Fusion Products (Shrouds)
Smoke Evacuation Tubings
Accessories

Smoke Evacuation Systems Application Outlook (Revenue, USD Million, 2014 - 2026)

Laparoscopic Surgeries
Medical Aesthetic Surgeries
Orthopedic Surgeries
Others

Smoke Evacuation Systems End-user Outlook (Revenue, USD Million, 2014 - 2026)

Hospitals
Ambulatory Surgical Centers
Cosmetic Surgery Centers
Dental Clinics
Veterinary hospital & clinics

Smoke Evacuation Systems Regional Outlook (Revenue, USD Million, 2014 - 2026)

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain

Asia Pacific

China
India
Japan

Latin America

Brazil
Mexico
Argentina

Middle East and Africa

Saudi Arabia
South Africa

Find more research reports on Medical Devices Industry, by Grand View Research:

Novel Drug Delivery Systems in Cancer Therapy Market – The global novel drug delivery systems in cancer therapy market size was valued at USD 4.31 billion in 2016 and is projected to grow at a CAGR of 22.9% during the forecast period.
Nurse Call System Market – The global nurse call system market size was valued to be over USD 1.12 billion in 2018 and is expected to expand at a CAGR of over 9.9% during the forecast period.
Hyperspectral Imaging Systems Market – The global hyperspectral imaging systems market size was estimated at USD 8.20 billion in 2017 and is expected to register a CAGR of 10.06% over the forecast period.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Follow Us: LinkedIn | Twitter