Suction Tube Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

Suction Tube Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

The Suction Tubes market is expected to grow with a CAGR of 5.8% in the forecast period (2022 - 2027).

The COVID-19 pandemic has positively affected the suction tubing market. The demand for suction tubes has increased owing to the rising incidence of COVID-19 cases, globally. The demand for Ventilators has surged in tandem with the spread of the COVID-19 Pandemic. Ventilator tubing kits are given to hospitals as single-use breathing circuits, resulting in a spike in ventilator production and procurement around the world. Thus, boosting the market growth. For instance, In April 2020, Medtronic Inc. announced that it would enhance its ventilator production with the help of technology partners and government funding. By the end of April, the company hoped to produce more than 400 ventilators every week, a 40% increase in output. This will enhance the usage of suction tubes in ICU applications for treating patients who require ventilators and other respiratory equipment.

The factors propelling the growth of Suction Tubes are the rising incidence of respiratory illnesses, including asthma and chest infections, sinus cases among children and adults, and the rising geriatric population which witnesses many health issues due to reduced immunity strength need for various treatments that involve the use of medical tubing. According to the statistics published by Health and Safety Executive in 2021, more than 12,000 deaths occurred due to lung disease, and 17,000 cases were associated with new self-reported lung or breathing problems that were linked with past exposure to the workplace.

In addition, the usage of Medical Tubing is being fueled by an increase in demand for medical tubes in ventilators. The use of Endotracheal Tube (ETT) suction to maintain the ability to breathe and clear secretions among intubated neonates is becoming more common as the number of premature deliveries increases around the world. In addition, the worldwide medical tubing market is developing due to rising demand for medical equipment that contains medical tubing and rising demand for ventilators as a result of the pandemic. Furthermore, new product introductions and developments in ventilators that make them more affordable are fueling the market growth. For instance, in April 2020, Philips is launching a new emergency use ventilator.

Suction tubes used in machines are also utilized for a variety of other purposes, such as during operational procedures and childbirth. Respiratory emergencies are one of the most common life-threatening conditions in pediatrics and neonates especially if they are born very premature. Due to the high prevalence of Meconium Aspiration Syndrome (MAS) among intubated infants, the suction tube market share is expanding as pediatric and neonatal suction equipment are being installed across clinics and hospitals. Rapid intervention with an Endotracheal Suction tube is required because Meconium-stained amniotic fluid can cause life-threatening respiratory failure. Furthermore, the ever-increasing prevalence of chronic diseases and the growing number of surgical procedures are propelling the worldwide suction tubes market.

However, stringent government regulations and high research and development expenditure impede the growth of the market over the forecast period.

Suction Tube Market TrendsLiposuction is Expected to Dominate the Market in the Forecast Period

The suction tube market witnessed significant growth in the liposuction segment due to the growing obese population, increased liposuction knowledge, rising beauty consciousness, and an increase in the number of skilled and qualified cosmetic surgeons/practitioners. Liposuction is a cosmetic surgical procedure that removes fat from particular parts of the body using a suction technique, such as the belly, hips, thighs, buttocks, arms, or neck. It can be used to reduce breast size or treat gynecomastia. This is preferred by both men and women who have developed subcutaneous fat in regular patterns. According to the data published by the World Health Organization, in 2021, obesity has become a global epidemic, with at least 2.8 million people dying each year as a result of being overweight or obese. With 36.2% of its population obese, United States ranks 12th in the world, as reported by the World Health Organization, in 2021.

According to the American Society of Plastic Surgeons, 2020, it has been found that 211,067 liposuction procedures have been performed worldwide. In addition, 89,752 liposuction procedures have been performed in patients aged 40-54 years. Moreover, 188,252 females and 22,815 males have opted for liposuction surgery in 2020, as reported by the American Society of Plastic Surgeons. As per the data published by the ISAPS, in 2021, approximately 26,700 liposuction procedures were performed in United Kingdom 2020.

Thus, the rising demands for liposuction procedures in the countries have increased the growth of the suction tube market.

North America is Expected to Have the Significant Market Share

North America is projected to be the leading medical tubing market during the forecast period. This is owing to the advanced healthcare system, increasing number of surgeries worldwide, and rising chronic diseases such as cardiovascular disease, cancer, and other respiratory diseases. For instance, liposuction is the most commonly performed cosmetic procedure in United States. According to the American Society of Plastic Surgeons, 2020, most liposuction procedures have been performed in the pacific region of United States.

As per World Health Organization Report 2021, in United States, almost 15 million people have been diagnosed with COPD, and another 12 million are suspected of having the disease but have not received a formal diagnosis. Additionally, lung cancer is one of the most frequent types of cancer, accounting for more than 218,000 cases in United States.

Moreover, the rising demand for medical tubing applications such as drug delivery, catheters and cannulas, bulk disposable tubing, and specific applications can be ascribed to the increase in United States. The medical tubing business in the country is being strengthened by the presence of a strong industrial foundation, favorable government policies, and a significant number of established companies such as Teleflex Incorporated, Medline Industries, and Medtronic in the region aided the market expansion.

Suction Tube Market Competitive Analysis

The global suction tubes market is moderately competitive with the presence of many local players. As a result, players focus on cost reduction and innovation to ensure sustainability. Some of the key players include Cardinal Health, Teleflex Incorporated, Smiths Medical, Biomedical Research Instruments, Inc., and Sklar Surgical Instruments.

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1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing number of surgeries
4.2.2 Rising prevalence of chronic disorders
4.3 Market Restraints
4.3.1 Limited reimbursement policies
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Stainless Steel
5.1.2 Plastics
5.1.3 Others
5.2 By Applications
5.2.1 Otorhinolaryngology
5.2.2 Liposuction
5.2.3 Dentistry
5.2.4 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Teleflex Incorporated
6.1.2 Medtronic
6.1.3 Biomedical Research Instruments, Inc.
6.1.4 Smiths Medical
6.1.5 Blacksmith Surgical
6.1.6 Spiggle& Theis
6.1.7 Sklar Surgical Instruments
6.1.8 Medline
6.1.9 Mizuho
6.1.10 Vyaire Medical
6.1.11 Poly Medicure Limited
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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