Global Suction Catheter Market is anticipated to witness an exponential growth in the forecast period. A suction catheter is a hollow tube that is inserted into the upper airway to drain the saliva, mucus, and the other debris that impedes a person’s breathing. A suction catheter is attached to a collection canister or a suction machine.
The factors that propel the growth of the market include growing aged population and high occurrence of chronic respiratory diseases. On the other hand, there are factors that may hamper the growth of the market including limited reimbursement coverage. Globally, the market is anticipated to grow at a significant CAGR of 5.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
The market may be explored by product type, suction catheter type, application, and geography. Market may be explored by product type as Latex Catheters and Rubber Catheters. Based on suction catheter type, the market could span closed suction catheter and open suction catheter. The key applications that could be explored in the suction catheter market include homecare settings, hospitals, and specialty clinics.
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The “Hospitals” segment led the market in 2016 and will continue to lead in the forecast period. The key factor that may be attributed to the growth of market includes increasing chronic disorders. “Hospitals” segment would be followed by clinical segment in the forecast period.
North America accounted for the major share of the suction catheter market in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing use of suction devices for surgical procedures & chronic respiratory conditions, developing healthcare services in this region, and higher acceptance rate of these devices. North America is likely to be followed by the Asia-Pacific region owing to constantly increasing target patient population, booming medical tourism, and improving healthcare organization.
Some of the key players that fuel the growth of the suction catheter market comprise B Braun, Bard Medical, Medline Industries, Pennine Healthcare, BD, Medtronic, Merit Medical Systems, Smiths Medical, Reliamed, PFM Medical, QualiMed Innovative Medizinprodukte GmbH, Lepu Medical, Halyard Health, and Dynarex Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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