Smoke Evacuation System Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Feb 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Smoke Evacuation System market size is expected to be worth around US$ 285.8 million by 2030, according to a new report by Vision Research Reports.

The global Smoke Evacuation System market size was valued at US$ 162.5 million in 2020 and is anticipated to grow at a CAGR of 7.6% during forecast period 2021 to 2030.

Growth Factors

An increasing number of electrosurgery procedures, for cosmetic surgeries, and product availability are anticipated to drive the market. According to ASPS, in 2018, about 18 million people underwent surgeries in the U.S., inclusive of minimally invasive procedures. It is also observed that the number of minimally invasive cosmetic procedures increased in 2018.

Currently, elective and endoscopic procedures are delayed due to the outbreak of COVID-19 to reduce the risk of transmission to other patients with chronic conditions. According to the Society of American Gastrointestinal and Endoscopic Surgeons, it is recommended to use electrosurgery pencils with attached smoke evacuators instead of monopolar electrosurgical and advanced bipolar devices and ultrasonic dissectors. Moreover, high-flow vacuum sources or filtration units are recommended during laparoscopic procedures. The market is thus anticipated to experience gradual growth post-COVID-19 revival.

The rising adoption of minimally invasive surgeries owing to their benefits such as shorter hospital stays, quick healing, and fewer surgical incisions, is also expected to boost the market growth during the forecast period, as high-flow vacuum sources are used in a majority of minimally invasive surgeries. This is further supported by increasing technological advancements by market players, the prevalence of chronic diseases that require surgical procedures, and the demand for better surgical equipment.

Report Highlights

The smoke evacuating systems segment dominated the market and accounted for the largest revenue share of more than 39.0% in 2020. The smoke evacuation system detects smoke and activates fans for channeling the smoke away from occupied areas in the facility. This drives the market growth. The smoke evacuating systems market is further segmented into stationary systems and portable systems.

The smoke evacuation filters segment is expected to hold the second-largest market share owing to their applications in cauterizing vessels and vaporizing blood, tissues, and fluid created as smoke, a byproduct of laser surgeries and electrosurgeries. The segment is further classified into ULPA filters, charcoal filters, in-line filters, and pre-filters. The ULPA is highly effective and can filter nearly 100% and up to 120 nanometers in size, however, 0.001% of airborne particles remain unfiltered, which boosts its market growth.

The laparoscopic surgeries segment dominated the smoke evacuation system market and accounted for the largest revenue share of around 37.0% in 2020. A rising number of laparoscopic surgeries is anticipated to fuel the market growth. According to a report published in 2018 by NCBI, 7.5 million laparoscopic surgeries are performed annually.

The medical aesthetic surgeries segment is expected to grow at the fastest growth rate of 7.8% owing to the increasing number of aesthetic surgeries. According to the American Society of Plastic Surgeons, in 2019, more than 16.7 billion was spent on minimally invasive and cosmetic surgeries in the U.S.

The hospitals' segment dominated the market and accounted for the largest revenue share of 42.9% in 2020. This segment is expected to hold the largest market share during the forecast period owing to the high number of surgeries being performed such as cosmetic and orthopedic surgeries. According to Occupational Health and Safety Administration, approximately 500,000 workers are exposed to laser or electrosurgical smoke each year.   

On the other hand, the cosmetic surgery centers segment is estimated to register the fastest CAGR of around 7.7% owing to the rise in the number of cosmetic laser surgeries, which produce smoke.

North America dominated the market and accounted for the largest revenue share of more than 40.0% in 2020. This is because a high number of aesthetic surgeries are being performed such as Botox, wherein laser treatment is used, which causes smoke plumes during surgery. Europe is anticipated to be the second-largest market for smoke evacuation system owing to the presence of sophisticated healthcare infrastructure and availability of advanced products and skilled professionals.

Asia Pacific region is expected to witness the fastest CAGR of 9.7% owing to high investments in R&D and consistent efforts being taken by global market players for commercializing their products at lower prices. The Latin American region is expected to grow owing to increasing reforms in the healthcare industry in this region. Moreover, healthcare organizations are also undertaking initiatives to improve healthcare facilities in the Middle East and African countries, thereby driving the market in the region.

Key Players

  • Medtronic

  • CONMED Corporation

  • Zimmer Biomet

  • Stryker

  • Ethicon Inc.

  • Erbe Elektromedizin GmbH

  • Symmetry Surgical Inc.

  • Pall Corporation

  • KLS Martin Group

  • Olympus Corporation

Market Segmentation

  • Product Outlook 

    • 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

  • Application Outlook 

    • Laparoscopic Surgeries

    • Orthopedic

    • Medical Aesthetic Surgeries

    • Others

  • End-use Outlook 

    • Hospitals

    • Ambulatory Surgical Centers

    • Cosmetic Surgery Centers

    • Dental Clinics

    • Veterinary Healthcare Providers

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

The Smoke Evacuation System market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Smoke Evacuation System market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Smoke Evacuation System market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Smoke Evacuation System market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Smoke Evacuation System market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Smoke Evacuation System capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Smoke Evacuation System by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Smoke Evacuation System market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Smoke Evacuation System market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Smoke Evacuation System market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Smoke Evacuation System industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Smoke Evacuation System market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Smoke Evacuation System market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Smoke Evacuation System market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Smoke Evacuation System market. These factors have benefited the growth of the global market for Smoke Evacuation System. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Smoke Evacuation System. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Smoke Evacuation System are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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