Research Nester published a report titled “Surgical Smoke Evacuation Systems Market– Global Demand Analysis and Opportunity Outlook 2020-2028” which delivers detailed overview of the Surgical Smoke Evacuation Systems market in terms of market segmentation by product type, by application, by modality, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The Surgical Smoke Evacuation Systems are used in surgical procedure in the operating rooms to avoid the exposure of surgeons, staff and patients to the harmful by-products and gases produced as a result of the surgeries. The market for Surgical Smoke Evacuation Systems is anticipated to record a CAGR of around 7% during the forecast period 2020-2028. The market is segmented by product type, by application, by modality, by end user and by region. The product type segment is further segmented into smoke evacuation filters, smoke evacuators, smoke evacuation pencil & wands, smoke evacuation fusion products, smoke evacuation tubings and accessories. On the basis of product type, the segment for pencil & wands is holding the highest share in the forecast period on account of increasing demand among healthcare facilities.
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Based on the regional analysis, the market for surgical smoke evacuation systems is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market for surgical smoke evacuation systems in North America is predicted to hold the leading share in the market on account of rising cardiac and orthopaedic problems along with growing number of cancer cases in the region.
Growing Cases of Chronic Diseases along with Surgical Procedures are Expected to Boost the Market Growth
The growing demand for chronic diseases and surgical procedures has led to the emerging new healthcare models. In most of the economies, the focus is increased to introduce advanced healthcare plans to identify these problems at their early stage. An increase in the medical tourism and improvement in the healthcare is driving the growth of this market. Moreover, technological advancement, such as, use of sensors and wearable technology and real time locating services along with the rise in cases of surgery in elderly population of 65 and above is the another key driver for the market growth.
However, it has been observed that currently, no regulatory mandate specific to surgical procedures exists and local ventilation is recommended for the removal of surgical smoke but use of these devices is not consistent. Hence, lack of clinical evidence to prove the operational efficiency of the products used in surgical procedures are expected to operate as a key restraint into the growth of surgical smoke evacuation systems market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the surgical smoke evacuation systems market which includes company profiling of CONMED Corporation (NYSE:CNMD), Olympus (TYO:7733), Johnson & Johnson (NYSE:JNJ), Stryker Corporation (NYSE:SYK), Ecolab (NYSE:ECL), Bovie Medical Corporation (NYSE:BVX), Medtronic (NYSE:MDT), Symmetry Surgical Incorporation (NASDAQ:SSRG), Utah Medical Products (NASDAQ:UTMD) and Coopersurgical Incorporation (NYSE:COO) .
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the surgical smoke evacuation systems that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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