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Medical Suction Catheters Market Segmentation by Product (AC-powered, Battery-powered, Manually-operated, and Others); by Application (Surgical, Airway Clearing, Research & Diagnostics, and Others); and by End-User (Hospitals, Specialty Clinics, Surgical Centers, and Others) – Global Demand Analysis & Opportunity Outlook 2031

Buy Now Report ID: 4033 | Published Date: Feb 02, 2023

Global Medical Suction Catheters Market Regional Synopsis

On the basis of geographical analysis, the global medical suction catheters market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of high geriatric and pediatric population, along with the rising cases of asthma in the region. As older people and children are more vulnerable to respiratory diseases, there is a surge in number surgeries conducted every year in the region. This is also expected to boost the market growth. Moreover, the growing adoption of innovative medical equipment in the APAC region is estimated to boost the market growth.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the high prevalence of asthma in the region. A report by the Asthma and Allergy Foundation of America (AAFA) stated that approximately 25 million Americans suffer from asthma, including 5.1 million children under the age of 18.

Medical Suction Catheters Market Share Image

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The global medical suction catheters market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook


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Medical Suction Catheters Market Graph
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Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita Graph

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.  


Market Segmentation

Market-Growth-Drivers

Our in-depth analysis of the global medical suction catheters market includes the following segments:

By Product

  • AC-powered
  • Battery-powered
  • Manually-operated
  • Others

By Application

  • Surgical
  • Airway Clearing
  • Research & Diagnostics
  • Others

By End-User

  • Hospitals
  • Specialty Clinics
  • Surgical Centers
  • Others

Growth Drivers

  • Increasing Prevalence of Asthma Globally
  • Surge in Number of Surgeries
  • Growing Adoption of Advanced Technology

Challenges

  • High Initial Investment
  • Circulation of Generic Equipment across the Globe


Healthcare Expenditure per Capita Graph
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Top Featured Companies Dominating the Market

top-features-companies
    • Astellas Pharma Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Adherium Limited
    • AstraZeneca Group
    • Cohero Health, Inc.
    • GlaxoSmithKline plc
    • Aevice Health
    • Vectura Group plc
    • BioTelemetry, Inc.
    • Health Care Originals Inc.
    • Reciprocal Labs Corporation

In-the-news

In The News

  • October 06, 2020: Astellas Pharma Inc. and Iota Biosciences, Inc. announced a merger agreement, following which, Astellas will acquire Iota’s unique bioelectronics technology.

  • July 29, 2019: BioTelemetry to acquire ADEA Medical AB, a Swedish medical technology company that provides healthcare services and diagnostic products. This acquisition will expand the portfolio of BioTelemetry to diagnostic products


preview-analysis

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Radhika Gupta, Shivam Bhutani


Key Questions Answered in the Report

1) What are the major factors driving the growth of the medical suction catheters market?

Ans: The growing prevalence of asthma globally is estimated to boost the market growth.

2) What would be the CAGR of medical suction catheters market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2022 – 2031.

3) What are the challenges affecting the medical suction catheters market growth?

Ans: Requirement of high initial investment is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of medical suction catheters market in future?

Ans: The North America region is anticipated to provide more business opportunities over the forecast period owing to the increasing cases of asthma in the region.

5) Who are the major players dominating the medical suction catheters market?

Ans: The major players in the market are Adherium Limited, AstraZeneca Group, Cohero Health, Inc., GlaxoSmithKline plc, Aevice Health, Vectura Group plc, BioTelemetry, Inc., Reciprocal Labs Corporation, and Health Care Originals Inc.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the medical suction catheters market?

Ans: The market is segmented by product, application, end-user, and by region.

8) Which segment captures the largest market size in application segment in the medical suction catheters market?

Ans: The surgical segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.

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