Industry Background:
Growing geriatric population around the world and high demand for smoke evacuation systems will help to boost global smoke evacuation system market in the forecasted period. Smoke Evacuation System is a type of device which use to arrest smoke caused during open surgical processes. It is used as the high-flow vacuum sources at the surgical site. The smoke evacuation system is projected to remove smoke, aerosol, and noxious odors produced during the electrosurgical procedure. Growing obese population, recommendations for the usage of smoke evacuators, growing demand for minimally negligible invasive surgeries, high-tech developments and increasing disposable income. These will act as key drivers for global smoke evacuation system market.
According to AMA Research, the market for Smoke Evacuation Systems is expected to register a CAGR of 6.6% during the forecast period to 2027. This growth is primarily driven by Increasing Dependency Due To Availability of Relevant Operating Room Protocols and Guidelines
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Dominating Type | Pencil |
Key Companies in Study | CONMED Corporation (United States), Medtronic Plc (Ireland), Olympus (Japan), KLS Martin (Germany), Stryker Corporation (United States), Erbe Elektromedizin GmbH (Germany), I.C Medical (United States), Ethicon (United States), Symmetry Surgical Inc. (United States) and Utah Medical Products Inc. (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Equipment sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as CONMED Corporation (United States), Medtronic Plc (Ireland), Olympus (Japan), KLS Martin (Germany), Stryker Corporation (United States), Erbe Elektromedizin GmbH (Germany), I.C Medical (United States), Ethicon (United States), Symmetry Surgical Inc. (United States) and Utah Medical Products Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Palaire announced that it has received FDA 510(k) approval for its EVA15 blower and smoke evacuation system for operating rooms. Based in Galway, Ireland, Palliare's EVA15 is designed to meet the suction requirements of endoscopic and robotic surgery while providing integrated surgical smoke evacuation. and On 11th February 2019, CONMED Corporation has acquired Buffalo Filter LLC (Buffalo Filter) from Filtration Group. Buffalo Filter is the market leader in surgical smoke evacuation technologies.
In 2020, Olympus, a global technology leader designing and providing innovative solutions for medical and surgical procedures, today announced that it has entered into an exclusive agreement with Alesi Surgical Limited to deploy the 510(k)-approved Ultravision Surgical Smoke Control System. in America. and On 26th June 2018, Stryker has acquired Swiss surgical smoke evacuation firm SafeAir for an undisclosed amount. Root, Switzerland-based SafeAir’s “smoke pen” device is a disposable diathermy pencil with an integrated smoke evacuation function that connects with a smoke evacuator to pull the smoke from cauterization procedures directly from its source.
Market Drivers
- Increasing Dependency Due To Availability of Relevant Operating Room Protocols and Guidelines
- Advance in Demand for Minimally Invasive Operating Techniques
Market Trend
- Rising Demand Due To Advancement in Energy Based Electrocautery and Ultrasonic Devices
- High Adoption of Cosmetic Procedure
Restraints
- High Maintenance Cost of Centralized Evacuation Systems
- Limited Clinical Evidence to Establish Operational Efficacy of Target Products
Opportunities
Huge Demand Due To New Launches and Product Evolution Portable Evacuation System and Upsurging Number of Elective Surgical Processes
Challenges
Growing Enlargement of Other Non-Invasive Surgery Technologies and Increasing Charge Pressures on Market Players
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Smoke Evacuation Systems Study Sheds Light on
The Smoke Evacuation Systems Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Smoke Evacuation Systems industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smoke Evacuation Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.