Surgical Suction Instruments Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Surgical Suction Instruments Market Analysis

The Surgical Suction Instruments market studied is anticipated to grow with a CAGR of 4.9%, during the forecast period.

The COVID-19 pandemic has been continuing to transform the growth of various markets. However, the immediate impact of the outbreak varied across countries. The COVID-19 outbreak worldwide and the lockdown situation across several countries have posed challenges for the surgical equipment market due to postponements of surgical services by hospitals and clinics to prevent the spread of the COVID-19 virus. For instance, in April 2022, Nova Scotia's QEII Health Sciences Centre decided to postpone most non-urgent and elective surgeries due to an increasing number and understanding of patients with COVID-19 in the hospital. Such factors are likely to hurt the demand for surgical equipment. These cancellations created a backlog that may need to be cleared after the COVID-19 disruption calms down. As a result, the demand for surgical equipment is expected to witness growth shortly, which could expand the development of the market over the coming years. For instance, in April 2022, the Victorian government reported investing USD 1.5 billion to address its growing elective surgery waitlist as part of a catch-up scheme that will increase surgical capacity by one quarter. The COVID Catch-Up Plan will raise capacity to 125 percent by 2023, with 40,000 additional surgeries in the next year. Thus the outbreak of the pandemic is expected to contribute to the growth of the market during the pandemic period.

Certain factors that are driving the market growth include an increasing number of surgeries, rising healthcare expenditures, and technological advancements. For instance, as per a September 2020 published article titled "Estimation of the National Surgical Needs in India by Enumerating the Surgical Procedures in an Urban Community Under Universal Health Coverage," an estimated 5,000 surgeries are required to meet the surgical burden of diseases of around 100,000 people in low- and middle-income countries (LMICs). Additionally, as per the same source, the reported rates of surgery vary from 295 in low- and middle-income countries (LMICs) to 23,000 in high-income countries (HIC) per 100,000 population. Moreover, per the Organization for Economic Cooperation and Development (OECD), the number of cataract surgical procedures reported in 2020 in Turkey was 393,901. According to the same source, the number of hip replacement procedures in Italy in 2020 was 84,647, and cesarean section procedures were approximately 114,601. Thus, this growth in the number of surgical procedures will likely increase the demand for surgical equipment, thereby contributing to market growth.

Thus the above mentioned factors are expected to drive the growth of the market during the forecast period.

Surgical Suction Instruments Market Trends

This section covers the major market trends shaping the Surgical Suction Instruments Market according to our research experts:

Disposable Suction Instruments in the Global Surgical Suction Instruments Market Hold a Significant Share Over the Forecast Period

Surgical Suction Instruments Industry Segmentation

As per the scope of the report, Surgical Suction instruments are appliances that are used to remove substances such as blood, saliva, mucus, and vomit from a person's airway. Suction devices may be mechanical hand pumps or batteries or electrically operated mechanisms. The Surgical Suction Instruments market is segmented by Type (Disposable, Reusable), by End-User (Hospitals and Clinics, Ambulatory Surgical Centers, Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.