A recently published report titled, “Suction Cannula Market: Opportunity Analysis and Future Assessment 2022-2030” offers a thorough and profound assessment on the market stature along with the top leading facts and figures, definition, overview, expert opinions, SWOT analysis, as well as the recent developments of the market all around the world. The market report also computes the market size, market sales, revenue, price, market share and gross margin and market forecast, growth rate and cost structure. The report estimates the revenue created from the sales and technologies by various application segments.
Suction Cannula Market, By Form (Curved, Straight), By Material (Stainless Steel, Latex), By Category (Disposable, Autoclavable, Flexible, Fiber optic, Graduated, Others), By Types (Yankauer, Frazier, Poole, Guedel, Barron, Others), By Procedures (Dental Suction, Ear Suction, Nasal Mucus Suction, Cervical Mucus Suction, Intrauterine Suction, Other) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
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The suction cannula market is estimated to reach at a value of US$ 170.0 Mn by the end of 2022 and expected to reach at a value of US$ 296.9 Mn by 2030 with a significant CAGR of 7.2%.
A suction cannula comprehensively serves as a medical apparatus which is majorly used to extract bodily discharges, including saliva and mucus from the upper airlane. A suction cannula or otherwise known as suction catheter links to a suction machine or collection cartridge.
An effective suction cannula makes the discharge removal process efficient as well as lessens the risks of tissue trauma. Some of the particular characteristics of the suction cannulas comprise the material of the product, frictional resistance, shape, size (diameter and length), and location of the aspirating holes.
The growing prevalence of chronic respiratory ailments among the population, worldwide, such as acute lower respiratory tract infections, lung cancer, asthma, and chronic obstructive pulmonary disease (COPD) and the associated growing number of surgeries in the healthcare sector is one of the major factors that is primarily driving the growth of the global suction cannula market.
On top of this, the healthcare facilities have also made an immense improvement over the recent years, which is also contributing positively to the growing demand of suction cannula across the global markets. It is important to note that medical devices like cannulas have gone through a significant amount of technological advancements.
The advent of safety-equipped needle-stick devices, improved lubrication technology, and employment of multiple-aperture suction cannulas is further playing a significant role in offering a huge breakthrough to the suction cannula market growth over the following years.
Moreover, the massive pool of patients, all around the world, along with the soaring demand of minimally invasive surgeries is further accelerating the demand of suction cannulas in the medical sector.
Besides, the increased investments and government funding is also a positive role in propelling the market growth. However, the indefinite regulatory structure for medical devices and equipment is estimated to hamper the market growth in the coming years.
Reports and Insights Study identifies some of the key participating players in the suction cannula market globally are Aesculap, Aesthetic Group, Akzenta, Chongqing Jinshan Science & Technology, ConMed, Dispo medical, BBraun, Egemen International, Embalmers Supply Company, Endomedium, Forca Healthcare, Hager & Werken, Locamed, Mediplast, Moria Surgical, RUDOLF Medical, Purple Surgical, VECTEC, Victor Medical Instruments, Vista Dental Products, Vostra, among others.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product developments and launches
Current product compliance
Reimbursement
Concerns for use of Suction Cannula
Advantages of Suction Cannula
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
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