Research Nester published a report titled “Medical Suction Catheters Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global medical suction catheters market in terms of market segmentation by product, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global medical suction catheters market is estimated to grow at a CAGR of ~4% over the forecast period, i.e., 2022 – 2031. The market is segmented by application into surgical, airway clearing, research & diagnostics, and others. Out of these, the surgical segment is anticipated to hold a substantial share over the forecast period owing to the growing incidences of surgeries worldwide, as suction catheters are used to remove any bodily fluid from air track during a surgery.
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The global medical suction catheters market is anticipated to witness growth to the growing prevalence of asthma, along with the surge in number of surgeries. According to the data by the World Health Organization (WHO), 262 million people were diagnosed with asthma in 2019, which caused 461000 deaths globally. Moreover, the increasing implementation of advanced technology in the healthcare sector is estimated to enhance the market growth.
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 the North America region is anticipated to gain the largest market share throughout the forecast period owing to the increasing 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. Moreover, the increasing healthcare expenditure in the region, is expected to boost the market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Prevalence of Asthma Globally to boost the Market Growth
Medical suction catheters are used to suck fluids, such as, mucus and saliva from the respiratory system, especially during a surgery. In asthma, there is a surge in the production of mucus, which is why the patients require regular removal of the mucus through such catheters. Medical section catheters are also used to eliminate the fluids during a surgery to avoid any choking hazards.
However, requirement of high initial investment is expected to operate as key restraint to the growth of global medical suction catheters market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global medical suction catheters market which includes company profiling of Adherium Limited, AstraZeneca Group, Medtronic plc, Cohero Health, Inc., GlaxoSmithKline plc, Aevice Health, Vectura Group plc, BioTelemetry, Inc., Reciprocal Labs Corporation, Novartis AG, and Health Care Originals Inc. 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 global medical suction catheters market 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.
Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.
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AJ Daniel
Research Nester
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