Smoke Evacuation System Market Worth USD 154 million by 2025 – Size, Share, Developments, Opportunities, Key Players Analysis

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Smoke Evacuation System Market Worth USD 154 million by 2025 – Size, Share, Developments, Opportunities, Key Players Analysis

April 29
18:53 2022
Smoke Evacuation System Market Worth USD 154 million by 2025 - Size, Share, Developments, Opportunities, Key Players Analysis
CONMED Corporation (US), Medtronic Plc (Ireland), Olympus (Japan), Ethicon (US), Erbe Elektromedizin GmbH (Germany), KLS Martin (Germany), Stryker Corporation (US), I.C Medical (US), are some of the major players in the global smoke evacuation system market.
Smoke Evacuation System Market Research Report Gives in Detailed Analysis of Industry Segments, Opportunities, Growth and Size.

The Smoke Evacuation System Market is estimated to grow at a CAGR of 6.1% to reach USD 154 million by 2025 from USD 115 million in 2020. Factors such increased product availability of smoke evacuation systems, rising patient preference for minimally invasive surgeries, expansion in the target patient population, and wider acceptance and availability of relevant operating room protocols and guidelines for smoke evacuation systems are the major factors driving the growth of the global Smoke Evacuation System Market.

Driver: Increased product availability

Healthcare providers are increasingly using evacuation/suction devices for the removal of smoke/surgical plumes from operating rooms and surgical theaters. Surgical plume inhalation results in chronic medical conditions among patients and surgeons exposed to them. Various government agencies and industry associations have also recognized the clinical risks associated with surgical plume inhalation. Thus, product manufacturers are increasingly focusing on developing and commercializing novel products that offer safer and more effective smoke evacuation. Several products have been launched in this market, including Buffalo Filter’s PlumePen Pro (April 2016), which offers users operational flexibility, ease of use, and optimal visualization capabilities. Another key product is the Zip pen by Megadyne Medical Products (launched in March 2015).

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This study involved four major activities in estimating the current size of the global Smoke Evacuation System Market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Market Size Estimation:

  • A detailed market estimation approach was followed to estimate and validate the size of the global Smoke Evacuation System Market and other dependent submarkets.
  • The key players in the global Smoke Evacuation System Market were identified through secondary research, and their global market shares were determined through primary and secondary research.
  • The research methodology includes the study of the annual and quarterly financial reports of top market players as well as interviews with industry experts to gather key insights on various market segments and subsegments.
  • All segmental shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • Major macroindicators in play have been accounted for, viewed in detail, verified through primary research, and analyzed to understand their impact on market growth and various segments and subsegments.
  • The above-mentioned data was consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Competitive Landscape:

The competitive landscape includes the analysis of the key growth strategies adopted by major players to expand their global presence and increase their shares in the market. The key growth strategies adopted by the top players in the market include product launches and approvals, agreements, expansions, and acquisitions. Product approvals and launches were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market.

Laparoscopic surgeries dominated the Smoke Evacuation System Market in 2019

On the basis of application, the Smoke Evacuation System Market is segmented into medical aesthetic surgeries, laparoscopic surgeries, open general surgeries, and orthopedic surgeries.

Laparoscopic surgeries accounted for the largest share of the Smoke Evacuation System Market in 2019. Factors such as the advantages of laparoscopic procedures over conventional open surgery and the need to improve the working environment in the operating room will contribute to the demand for smoke evacuation systems in this application segment.

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North America accounted for the largest share of the Smoke Evacuation System Market in 2019

This report covers the Smoke Evacuation System Market across four major geographies—North America, Europe, Asia Pacific, and the Rest of the World. North America commanded the largest share of the Smoke Evacuation System Market mainly due to factors such as the increase in the number of inpatient surgeries performed in the US, expansion in the target disease population, and wider acceptance and availability of relevant protocols and guidelines in the North America region.

CONMED Corporation (US), Medtronic Plc (Ireland), Olympus (Japan), Ethicon (US), Erbe Elektromedizin GmbH (Germany), KLS Martin (Germany), Stryker Corporation (US), I.C Medical (US), Symmetry Surgical Inc. (US), Utah Medical Products Inc (US), Zimmer Biomet (US), Pall Corporation (US), Ecolab (US), and Deroyal (US) are some of the major players in the global Smoke Evacuation System Market.

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