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Home>Top 5 Vendors in the Global Medical Suction Devices Market - Technavio

Top 5 Vendors in the Global Medical Suction Devices Market - Technavio

Top 5 Vendors in the Global Medical Suction Devices Market - Technavio

09/28/2017

Top 5 Vendors in the Global Medical Suction Devices Market - Technavio

Technavio has announced the top five leading vendors in their recent global medical suction devices market report until 2021. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.

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Technavio has published a new report on the global medical suction devices market from 2017-2021. (G ...

Technavio has published a new report on the global medical suction devices market from 2017-2021. (Graphic: Business Wire)

The global medical suction devices market is expected to have significant growth during the forecast period. The market growth is primarily attributed to increasing demand for portable medical suction devices, continuous development of advanced and innovative devices, increasing emergency medical services, rising incidence of chronic respiratory diseases, increasing number of surgical procedures, and rising geriatric population.

Competitive vendor landscape

The global medical suction devices market is highly fragmented with the presence of a large number of regional and global vendors. Vendors are highly competing with price reductions and improved features, design, quality, and warranty. Leading vendors dominate the market by providing a wide range of products, having better technical and financial resources, and developing innovative products with emerging technologies to gain a competitive advantage. For instance, SSCOR has developed the SSCOR DCell Suction, which is the world's first and only full-size portable suction device powered by off-the-shelf alkaline batteries.

Ramakrishna Edupulapati, an industry expert at Technavio for research on orthopedics and medical devices, says, “The key players are facing intense competition from regional players, which is forcing them to decrease the price of their products. Additionally, many hospitals in developing countries prefer to purchase medical suction devices from regional players as they offer them at lesser prices and provide better after-sales services. The market competition is expected to intensify further in the forecast period with the entry of new market players, technological innovations, and increasing approval of new medical suction devices.”

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