Smoke Evacuation System Market Worth 180 Million USD by 2020

PUNE, India, November 30, 2015 /PRNewswire/ --

According to a new market research report "Smoke Evacuation System Market by Product (Smoke Evacuators (Portable & Stationary), Pencils, Wands, Tubings, Accessories), Application (Laser, Ultrasonic & Electrosurgery Units), End-User (Hospital, Surgical Centers, Clinics) - Global Forecast to 2020", This report studies the smoke evacuation system market over the forecast period of 2015 to 2020. The market is expected to reach USD 180 Million by 2020, at CAGR of 5.6% from 2015 to 2020.

Browse 92 market data Tables and 41 Figures spread through 154 Pages and in-depth TOC on "Smoke Evacuation System Market"

http://www.marketsandmarkets.com/Market-Reports/smoke-evacuation-system-market-149736406.html

Early buyers will receive 10% customization on this report. 

The market report analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).

Based on type of product, the global smoke evacuation system market is divided into six segments, namely, smoke evacuators (portable and stationary systems), pencils and wands, filters (pre-filters, HEPA filters, ULPA filters, charcoal filters, and in-line filters), Smoke-Evac fusion products, tubings, and accessories (adaptors, reducers, and sensors). The smoke evacuation system market has also been segmented on the basis of application-- into electrosurgical units, lasers, radio-frequency devices, ultrasonic devices, burrs and high-speed drills, and cautery units. Bases on end user, the global smoke evacuation system market is divided into three segments-hospitals, ambulatory surgical centers, cosmetic surgery centers, and clinics.

A number of factors such as the rising demand for minimally invasive surgeries, growing aging population, and increasing number of hospitals and surgical centers are fueling the growth of the smoke evacuation system market. In addition, recommendations for the use of smoke evacuation systems by various associations and organizations, the expected increase in bariatric procedures due to the growing prevalence of obesity, and emerging countries are offering new growth opportunites for market players. On the other hand, unfavorable healthcare reforms in the U.S., increasing preference for non-invasive treatment procedures, and global decrease in number of cosmetic surgeries are restricting the growth of the global smoke evacuation system market.

North America is estimated to be the largest regional segment in the global smoke evacuation system market in 2015, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR of 7.1% from 2015 to 2020. A number of factors, including growing popularity of cosmetic surgery, presence of a large patient population, government efforts to increase population access to elective surgery, improving healthcare facilities, and growing number of hospitals in emerging markets are stimulating the growth of the smoke evacuation system market in the Asia-Pacific region. Moreover, the availability of high-quality surgical treatments at lower costs is also attracting patients from across the globe toward these countries for elective surgeries.

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Buffalo Filter LLC (U.S.), I.C. Medical, Inc. (U.S.), Covidien (Ireland), CONMED Corporation (U.S.), CLS Surgimedics (U.S.), CooperSurgical, Inc. (U.S.), Bovie Medical Corporation (U.S.), Utah Medical Products, Inc. (U.S.), Megadyne Medical Products, Inc. (U.S.), and ERBE Elektromedizin GmbH (Germany) are some key players operating in the global Smoke Evacuation System Market.

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