Smoke Evacuation System Market

CONMED Corporation (US) and Ethicon (US) are leading players in Smoke Evacuation Systems Market

The global smoke evacuation systems market is projected to reach USD 223 million by 2024 from USD 162 million in 2019, at a CAGR of 6.6%. Increased product availability of smoke evacuation systems, rising patient preference for minimally invasive surgeries, expansion in the target patient population needing surgical procedures, and wider acceptance and availability of relevant operating room protocols and guidelines for smoke evacuation are the major factors driving the growth of the global smoke evacuation systems market.

An analysis of the market developments between 2016 and 2019 has revealed that several growth strategies, such as product launches, product approvals, and acquisitions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the smoke evacuation systems market. Product launches and acquisitions were the most widely adopted growth strategies by market players in the last four years.

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CONMED Corporation is one of the leading companies in the smoke evacuation systems market. The company is engaged in the development, manufacturing, and sales of surgical devices and equipment related to minimally invasive procedures. The company acquired Buffalo Filter LLC market, Inc., a leading company in surgical safety and surgical smoke evacuation technologies, in 2019. This acquisition helped the company strengthen its market position in the global smoke evacuation systems market owing to Buffalo’s long-term presence and established brand position, its strong distribution network, and widespread geographical presence. The recent acquisition is expected to boost CONMED’s market growth to a significant extent during the forecast period. Through such strong business strategies, the company is expected to witness high growth in the smoke evacuation systems market in the coming years.

Ethicon (a subsidiary of Johnson and Johnson) is one of the top players in the global smoke evacuation systems market. The company caters to the smoke evacuation systems market through its medical devices business segment. The company has strengthened its presence in the smoke evacuation systems market through growth strategies such as product launches and awareness campaigns for smoke evacuation systems. In January 2017, the company acquired Megadyne Medical Products, which is a leading company in electrosurgical tools that are used in operating rooms. This acquisition helped Ethicon in strengthening its market position and visibility in the global smoke evacuation systems market. With its strong brand image, the company is expected to witness high growth in the smoke evacuation systems market in the coming years.

Related Reports:

Smoke Evacuation System Market by Product (Smoke Evacuator (Portable & Stationary), Filter, Pencil, Accessories), Application (General Surgery, Laparoscopic, Orthopedic, Aesthetic), End-User (Hospitals, ASC, Surgical Centers) - Global Forecast to 2024

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Report Code
MD 3924
RI Published ON
4/15/2019
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