What This Report Will Provide?
This study involved four major activities in estimating the current size of the smoke evacuation systems market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the size of segments and subsegments.
Expected Revenue Growth:
[168 Pages Report] The smoke evacuation systems market is estimated to grow at a CAGR of 6.1% to reach USD 154 million by 2025 from USD 115 million in 2020.
Major Growth Boosters:
Factors such increased product availability of smoke evacuation systems, rising patient preference for minimally invasive surgeries, expansion in the target patient population, and wider acceptance and availability of relevant operating room protocols and guidelines for smoke evacuation systems are the major factors driving the growth of the global smoke evacuation systems market.
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In November 2019, CONMED Corporation (US) acquired Buffalo Filter LLC (US) in order to improve its smoke evacuation product line.
In January 2018, Stryker Corporation (US) acquired Safe Air (Switzerland) to enhance its product portfolio in surgical smoke evacuation.
In January 2017, Ethicon (US) acquired Megadyne Medical Products (US), Inc. to expand its advanced energy portfolio related to smoke evacuation products.
Laparoscopic surgeries accounted for the largest share of the smoke evacuation systems market in 2019. Factors such as the advantages of laparoscopic procedures over conventional open surgery and the need to improve the working environment in the operating room will contribute to the demand for smoke evacuation systems in this application segment.
Key Questions Addressed in The Report:
1. Who are the top 10 players operating in the global smoke evacuation systems market?
2. What are the drivers, restraints, opportunities, and challenges in the smoke evacuation systems Industry?
3. What are the opportunities for stakeholders and provide details of the competitive landscape for key players?
4. What will be growth of smoke evacuation systems in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa?
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Emerging Countries to Offer Growth Opportunities:
Emerging countries (such as China, India, South Korea, Brazil, and Mexico) offer significant growth opportunities to players operating in the global smoke evacuation systems market. This can be attributed to the increasing public and private initiatives undertaken by market stakeholders across these countries, coupled with low regulatory barriers for trade, continuous improvements in healthcare infrastructures, growing patient population, rising healthcare expenditure, strengthening distribution networks of market leaders in these regions, and the rising trend of medical tourism in these countries. The availability of high-quality surgical treatments at lower costs than developed markets has attracted a large number of medical tourists.
CONMED Corporation (US), Medtronic Plc (Ireland), Olympus (Japan), Ethicon (US), Erbe Elektromedizin GmbH (Germany), KLS Martin (Germany), Stryker Corporation (US), I.C Medical (US), Symmetry Surgical Inc. (US), Utah Medical Products Inc (US), Zimmer Biomet (US), Pall Corporation (US), Ecolab (US), and Deroyal (US) are some of the major players in the global smoke evacuation systems market.
What This Report Will Provide?