Persistence Market Research
Increasing prevalence of chronic respiratory diseases is considered as a primary factor in driving the growth of the global suction electric machine market. Compact and portable suction electric machine is increasing the usage in ambulatory surgical centers which is contributing to driving the growth of the global suction electric machine market. Previously, traditional methods were adopted for the removal of mucous and serum from the body which was not an effective and safe method. Growing number of cesarean section pregnancies and liposuction are further fueling the growth of the global suction electric machine market. Furthermore, rising healthcare expenditure, rising government support and growing research and development activities is also boosting the growth of the suction electric machine market. However, high treatment cost coupled with the device cost is limiting the growth of the global suction electric machine market.
The global market for suction electric machine is segmented on basis of product type, route of administration, end user and geography.
Based on Product type, the global suction electric machine market is segmented into:
Based on Route of Administration, the global suction electric machine market is segmented into:
Based on End User, the global suction electric machine market is segmented into:
A suction electric machine is generally used to remove the mucous and serum from the patient’s body when they are not able to secrete it out on their own. The portable suction electric machine provides an outstanding performance with affordability and reliability. Numerous technological advancements are observed in order to provide the reliable device. Based on the end user, the global suction electric machine market is segmented into hospitals, ambulatory surgical centers, specialty clinics and home care settings. Among all end users, hospitals are estimated to hold the maximum market share in the global suction electric machine market.
On the basis of geography, the global suction electric machine market is segmented into six key regions viz. North America, Latin America, Europe, Asia Pacific excluding China, China and the Middle East & Africa. The North America suction electric machine market is projected to gain the maximum market share in the global suction electric machine market, followed by Europe, due to the increasing government support for research and development. The suction electric machine market in China is expected to grow with the maximum CAGR over the forecast period due to the low-cost manufacturing of devices and increasing of the birth rate. However key manufacturers are expected to face strong competition from the low prized Chinese device manufacturers. Middle-income counties are expected to show slow growth over the forecast period with improving healthcare facilities.
Some of the key players present in the global suction electric machine market are HOVERLABS, Ningbo Finer Medical Instruments Co., Limited, INTEGRA Holding AG, Spencer Italia s.r.l., DeVilbiss Healthcare LLC, GBUK Healthcare, and others. In suction electric machine market, leading market players are majorly focusing on expanding their geographical presence and investing in product development. Furthermore, adoption of various strategies like mergers, collaborations, and acquisitions are observed by various players in suction electric machine market in order to retain their market position.
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