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Global Suction Catheters Market Assessment: Key Players and Growth Strategies

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Steve Anderson
Global Suction Catheters Market Assessment: Key Players and Growth Strategies

The global suction catheters market size is expected to reach USD 844.1 million by 2030, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.2% from 2022 to 2030. Suction catheters help in clearing the respiratory tract of ventilator-dependent patients or patients suffering from respiratory disorders. The rise in the number of people suffering from chronic respiratory illness is proliferating the demand for suction catheters. For instance, as per the Irish Thoracic Society, in 2016, there were 643,580 inpatient hospitalizations in Ireland. Out of which, 32% of inpatients were older than 65 years and over. Respiratory diseases accounted for 19.1% of inpatient hospitalizations in Ireland.

 

Suction Catheters Market Report Highlights

  • Based on type, the closed suction catheter segment dominated the market in terms of revenue share in 2021. Further, the closed suction catheter segment is expected to witness the fastest growth rate of 8.8% over the forecast period, owing to a rise in cases of cross-contamination
  • Based on material, the latex-free segment dominated the market with a share of 69.7% in 2021, owing to the increased use of silicon-based catheters by healthcare professionals. Further, the latex-free segment is expected to grow at the fastest CAGR of over 8.8% during the forecast period
  • Based on end use, the hospital segment held the majority of the market share in terms of revenue in 2021. On the other hand, the ambulatory care centers segment is expected to witness the fastest growth of 10.9% during the forecast period
  • In 2021, North America dominated the market with a share of around 45% owing to the rising prevalence of various types of chronic diseases and the growing demand for respiratory devices. The Asia Pacific suction catheters market is expected to expand at the fastest rate of 8.6% during the forecast period. The growth can be attributed to the rise in the aging population and the increasing prevalence of chronic diseases

 

For More Details or Sample Copy please visit link @: Suction Catheters Market Report

 

The Covid-19 pandemic has highlighted the importance of respiratory medical devices owing to the rise in the number of ventilator-supported patients during the pandemic. In addition, factors such as rising cases of chronic diseases, and an increase in pollution levels are also contributing to heightened demand for suction catheters. In March 2020, U.S. Food and Drug Administration (FDA), granted emergency approval for Vesper, a device developed by Prisma Health that supports patients on ventilators.

In addition, during the pandemic, several governments across the globe and healthcare companies were improving medical treatment to treat patients suffering from Covid-19 patients. This in turn increased the use of catheters in emergency clinics and hospitals during the pandemic thereby positively impacting the demand for suction catheters. The rise in investments by the government and players to improve the healthcare industry is also boosting the demand for suction catheters. For instance, as per UK Government, close to 10,000 ventilators were added to the stock. Additionally, Rolls Royce, Ford, and Honda in the UK started manufacturing ventilators to cope with the increasing demand due to the COVID-19 outbreak.

Product Type Insights

Closed suction catheters help in reducing pain and minimize the risk of infection. Further, as per a study by Respiratory Care, the combination of a T-piece closed suction catheter with a bidirectional catheter provides an efficient delivery. Advances in closed suction catheters are also driving the demand, the segment is also expected to witness the fastest growth.

By Material Analysis

Latex-free catheters offer an alternative to latex catheters. The rise in the number of people suffering from latex allergies coupled with the high demand for cost-effectiveness is also propelling the demand for latex-free suction catheters. The rise in the number of latex-induced allergies among the populace is driving the demand for latex-free suction catheters. Several catheter manufacturers are offering silicone catheters as they are softer and enable easy insertion. Latex-free catheters constitute a high number of materials to overcome the loss of flexibility.

 

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By End-use Analysis

The high number of inpatient admissions in hospitals is anticipated to drive the demand for suction catheters in hospitals. Hospitals provide respiratory medical devices and equipment for performing airway management procedures. The rise in the number of outpatients is driving the demand for the ambulatory care centers segment. The growing need for specialized treatments is driving several patients to opt for rapid diagnosis at ambulatory care centers.

Latest Market Trends and Developments

The major organizations use strategic alliances, such as partnerships and acquisitions, R&D investments, product launches, and approvals, to reinforce their competitive power while expanding their global reach. For instance, in March 2022, Cardinal Health expanded its medical distribution center in Columbus, Ohio. The distribution center is expected to help in streamlining the supply chain and improve operational efficiency. The distribution center will help the company to meet consumer needs.

 

Major Companies in the Suction Catheters Market

  • Medline Industries L.P.,
  • B Braun SE
  • BD
  • Aminso International Inc.,
  • Cardinal Health
  • Dynarex Corporation
  • PFM Medical AG
  • Ivor Shaw T/A Pennine Healthcare
  • Smiths Group Plc

 

For Customized reports or Special Pricing please visit @: https://www.grandviewresearch.com/checkout/select-license/suction-catheters-market-report

 

Segmented the global suction catheters market based on type, material, end-use, and region:

Table of Content

Fig. 1 Suction catheters market segmentation

Fig. 2 Market research process

Fig. 3 Information procurement

Fig. 4 Primary research pattern

Fig. 5 Market research approaches

Fig. 6 Value chain based sizing & forecasting

Fig. 7 QFD modelling for market share assessment

Fig. 8 Market formulation & validation

Fig. 9 Suction catheters market outlook, 2021 (USD Million)

Fig. 10 Market trends & outlook

Fig. 11 Market driver relevance analysis (Current & future impact)

Fig. 12 Market restraint relevance analysis (Current & future impact)

Fig. 13 Penetration & growth prospect mapping

Fig. 14 Suction catheters type market share analysis, 2021 & 2030 (USD Million)

Fig. 15 Suction catheters type market: Segment dashboard

Fig. 16 Closed suction catheters market, 2017 - 2030 (USD Million)

Fig. 17 Yankauer suction catheters market, 2017 - 2030 (USD Million)

Fig. 18 Suction catheters material market share analysis, 2021 & 2030 (USD Million)

Fig. 19 Suction catheters material market: Segment dashboard

Fig. 20 Latex market, 2017 - 2030 (USD Million)

Fig. 21 Latex-free market, 2017 - 2030 (USD Million)

Fig. 22 Suction catheters end-use market share analysis, 2021 & 2030 (USD Million)

Fig. 23 Suction catheters end-use market: Segment dashboard

Fig. 24 Hospitals market, 2017 - 2030 (USD Million)

Fig. 25 Ambulatory care centers market, 2017 - 2030 (USD Million)

Fig. 26 Others market, 2017 - 2030 (USD Million)

Fig. 27 Regional market place: Key takeaways

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