According to a new report published by Allied Market Research, titled, “Smoke Evacuation System Market by Product, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2020–2027," the global smoke evacuation system market was valued at $128.6 million in 2019, and is projected to reach $196.4 million by 2027 at a CAGR of 10.5% from 2020 to 2027.
Surgical smoke evacuation devices are useful in limiting exposure to noxious odors during surgeries in operation theatres. These systems are more steady, effective, safe, and reliable since the device pulls smoke plumes from the surgical site, via smoke evacuation products such as tubing, filter, and smoke evacuation pencil & wands, so it will not be dispersed into the air and inhaled by the healthcare professionals and the patients.
Upsurge in prevalence of surgeries across the globe, increase in demand for smoke evacuation devices during medical procedures and shift in patient preference toward minimally invasive treatments are the major factors bolstering the smoke evacuation system market growth. However, technical issues with respect to the usage of smoke evacuation systems along with scarcity of trained professionals are likely to have a negative impact on the growth of the market over the analysis period. On the contrary, increase in awareness and demand for electrosurgical procedures within the population is anticipated to provide lucrative opportunities for the market growth in near future. On the other hand, as per the data published by the National Institute for Occupational Safety and Health Administration, smoke evacuation systems and products are not obligatory during laparoscopic procedures. However, considering the research studies on COVID-19, it has been observed that novel coronavirus can persist in the aerosols for around 3 hours. As a result, this has raised major concerns in regards to Aerosol-generating Procedures (AGPs), such as laparoscopy. Therefore, proper measures for removal of aerosols should be undertaken during surgeries to avoid the risk of transmission. Thus, this is expected to have a positive impact on the demand of smoke evacuation systems across several hospitals and clinics, thereby, impelling the growth of the smoke evacuation system market.
By product, the smoke evacuation filters segment accounted for the largest share in 2019, which was around 30.9%. This is majorly attributed to rise in adoption of smoke evacuation systems in laparoscopic surgeries, orthopedic and medical aesthetic surgeries across numerous operation theaters globally. On the other hand, the smoke evacuation pencils & wands segment is expected to grow at the highest CAGR of 10.9% from 2020 to 2027.
By application, the smoke evacuation system market is divided into laparoscopic surgeries, orthopedic surgeries, medical aesthetic surgeries and others. The other surgery segment is anticipated to garner the largest share in the market by application owing to increase in number of general surgeries, gynecology surgeries, urologic surgeries, neurosurgeries and cardiovascular surgeries performed globally. The medical aesthetic surgeries segment is expected to grow at the fastest CAGR over the analysis period due to shift in focus of the population toward physical appearance and increase in awareness regarding aesthetic surgeries.
By end user, the smoke evacuation system market is divided into hospitals, ambulatory surgery centers (ASCs), cosmetic surgery centers and dental clinics. The hospitals segment is predicted to dominate the market and accounted for the largest revenue share of 45.3% in 2019. This is attributed to the higher number of surgeries being performed at the hospitals annually.
Key Findings Of The Study
- Among products, the smoke evacuation filters segment is projected to grow at the highest rate during the analysis period.
- By application, others segment dominated the global smoke evacuation system market throughout the analysis period.
- North America was the largest market in 2019, and is projected to maintain its lead until 2027.
- By end user, the hospitals segment is projected to dominate throughout 2027.
Key players profiled in smoke evacuation system market report are Conmed Corporation, Medtronic, Plc, Stryker Corporation, Ethicon, Pall Corporation, Ecolab, Zimmer Biomet Holdings Inc., Cooper surgical, Inc., Utah Medical Products, Inc. and Olympus Corporation.
Region wise, the smoke evacuation system market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest share of revenue in 2019, and is anticipated to maintain its dominance from 2020 to 2027, owing to the higher number of aesthetic and Botox surgeries performed across the U.S., which has also resulted in high clinical urgency to adopt these devices, and has resulted in numerous developments related to smoke evacuation systems. However, Asia-Pacific is expected to register highest CAGR during the forecast period, owing to surge in healthcare expenditure as well as awareness levels with respect to benefits of smoke evacuation systems.