Smoke Evacuation System Market (By Product: Smoke Evacuating Systems, Smoke Evacuation Filters, Smoke Evacuation Pencils & Wands, Smoke-Evac Fusion Products (Shrouds), Smoke Evacuation Tubings, Accessories; By Application: Laparoscopic Surgeries, Orthopedic, Medical Aesthetic Surgeries, Others; By End Use: Hospitals, Ambulatory Surgical Centers, Cosmetic Surgery Centers, Dental Clinics, Veterinary Healthcare Providers) – Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027

The global smoke evacuation system market is anticipated to grow at a CAGR of around 7.8% during the forecast period 2020 to 2027 and to reach around US$ 274.1 Mn by 2027. 

Market Dynamics

Increasing number of surgical procedures across the globe and availability of reimbursement policies and demand from hospitals for advanced surgical devices are major factors expected to drive the growth of global smoke evacuation system market. A total of 17.2 million hospital visits (AS visits or inpatient stays) in the United States included at least one surgery in 2014. Just over half of these visits (57.8 percent) occurred in a hospital-owned AS setting, and the remaining visits (42.2 percent) occurred in the hospital inpatient setting. Increasing government spending on development of preset healthcare infrastructure for the adoption of advanced devices and deliver better care to patients is expected to support the target market growth.

According to Ministry of Commerce & Industry, Government of India the government of India expenditure on healthcare sector has grown to 1.6% of the GDP in FY20BE from 1.3% in FY16. The Government of India aims to increase healthcare spending to 3% of the Gross Domestic Product (GDP) by 2022. Favorable business policies by the government and high investment by major manufactures for development of advanced product, coupled with increasing merger activities in order to enhance the product portfolio are factors expected to augment the growth of smoke evacuation system market.

In 2019, CONMED Corporation, a medical technology company that specializes in the development and sale of surgical and patient monitoring products and services, acquired Buffalo Filter LLC. This acquisition helped the company to improve and deliver advanced smoke evacuation products.

In 2018, Stryker Corporation, a global medical technology company acquired Safe Air. The acquisition was focused on enhancing the Stryker Corporation Company’s product portfolio of surgical smoke evacuation.

Increasing medical tourism in emerging economies and rising demand for smoke evacuation system from hospital in emergency care units are factors expected to boost the smoke evacuation system market growth. Factors such as high cost of devices and stringent government regulations related to product approval are expected to hamper the growth of global smoke evacuation system market. In addition, cut throat completion among players on low profit ratio is expected to challenge the growth of target market. However, high investment by major players for development of cost-effective products and rise in number of survival procedures are factors expected to create new opportunities for players operating in smoke evacuation system market over the forecast period. In addition, increasing partnership activities by major players in order to strengthen the distribution channel is expected to support the revenue transaction of target market.

Segment Analysis by Region 

The market in North America is expected to account for major revenue share in the smoke evacuation system market due to increasing number of surgeries. Availability of advanced healthcare infrastructure in the country and demand for minimally invasive surgeries and factors expected to impact the growth of smoke evacuation system market. In addition, presence of large number of players operating in the country and introduction of innovative solutions are expected to boost the growth of smoke evacuation system market.

Asia Pacific is expected to witness faster growth in the smoke evacuation system market due to development healthcare sector. In addition, players approach towards enhancing their business in emerging economies and increase the revenue is another factor supporting the smoke evacuation system market growth.

Competitive Landscape

The global smoke evacuation system market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Smoke Evacuation System Market Segment Analysis, 2019

The global smoke evacuation system market is segmented into product, application, and end use. The application segment is bifurcated into laparoscopic surgeries, orthopedic, medical aesthetic surgeries, and others. Among the application the laparoscopic surgeries is expected to account for major revenue share in the smoke evacuation system market. The end use segment is divided into hospitals, ambulatory surgical centers, cosmetic surgery centers, dental clinics, and veterinary healthcare providers.

Players operating in the global smoke evacuation system market are Medtronic, CONMED Corporation, Zimmer Biomet, Stryker, Ethicon Inc., Erbe Elektromedizin GmbH, Symmetry Surgical Inc., Pall Corporation, KLS Martin Group, and Olympus Corporation. 

Market Segmentation

Market By Product

Smoke Evacuating Systems
•    Stationary Systems
•    Portable Systems

Smoke Evacuation Filters
•    Ultra-Low Penetration Air (ULPA) Filters
•    Charcoal Filters
•    In-Line Filters
•    Pre-Filters

Smoke Evacuation Pencils & Wands
Smoke-Evac Fusion Products (Shrouds)
Smoke Evacuation Tubings
Accessories

Market By Application

Laparoscopic Surgeries
Orthopedic
Medical Aesthetic Surgeries
Others

Market By End Use

Hospitals
Ambulatory Surgical Centers
Cosmetic Surgery Centers
Dental Clinics
Veterinary Healthcare Providers

Market By Geography

North America
•    U.S.
•    Canada

Europe
•    U.K.
•    Germany
•    France
•    Spain
•    Rest of Europe

Asia-Pacific
•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Rest of Asia-Pacific

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa