Suction Catheters Market Size Worth $844.1 Million By 2030

October 2022 | Report Format: Electronic (PDF)

Suction Catheters Market Growth & Trends

The global suction catheters market size is expected to reach USD 844.1 million by 2030, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.2% from 2022 to 2030. Suction catheters help in clearing the respiratory tract of ventilator-dependent patients or patients suffering from respiratory disorders. The rise in the number of people suffering from chronic respiratory illness is proliferating the demand for suction catheters. For instance, as per the Irish Thoracic Society, in 2016, there were 643,580 inpatient hospitalizations in Ireland. Out of which, 32% of inpatients were older than 65 years and over. Respiratory diseases accounted for 19.1% of inpatient hospitalizations in Ireland.

The Covid-19 pandemic has highlighted the importance of respiratory medical devices owing to the rise in the number of ventilator-supported patients during the pandemic. In addition, factors such as rising cases of chronic diseases, and an increase in pollution levels are also contributing to heightened demand for suction catheters. In March 2020, U.S. Food and Drug Administration (FDA), granted emergency approval for Vesper, a device developed by Prisma Health that supports patients on ventilators.

In addition, during the pandemic, several governments across the globe and healthcare companies were improving medical treatment to treat patients suffering from Covid-19 patients. This in turn increased the use of catheters in emergency clinics and hospitals during the pandemic thereby positively impacting the demand for suction catheters. The rise in investments by the government and players to improve the healthcare industry is also boosting the demand for suction catheters. For instance, as per UK Government, close to 10,000 ventilators were added to the stock. Additionally, Rolls Royce, Ford, and Honda in the UK started manufacturing ventilators to cope with the increasing demand due to the COVID-19 outbreak

The major organizations use strategic alliances, such as partnerships and acquisitions, R&D investments, product launches, and approvals, to reinforce their competitive power while expanding their global reach. For instance, in March 2022, Cardinal Health expanded its medical distribution center in Columbus, Ohio. The distribution center is expected to help in streamlining the supply chain and improve operational efficiency. The distribution center will help the company to meet consumer needs.

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Suction Catheters Market Report Highlights

Based on type, the closed suction catheter segment dominated the market in terms of revenue share in 2021. Further, the closed suction catheter segment is expected to witness the fastest growth rate of 8.8% over the forecast period, owing to a rise in cases of cross-contamination
Based on material, the latex-free segment dominated the market with a share of 69.7% in 2021, owing to the increased use of silicon-based catheters by healthcare professionals. Further, the latex-free segment is expected to grow at the fastest CAGR of over 8.8% during the forecast period
Based on end use, the hospital segment held the majority of the market share in terms of revenue in 2021. On the other hand, the ambulatory care centers segment is expected to witness the fastest growth of 10.9% during the forecast period
In 2021, North America dominated the market with a share of around 45% owing to the rising prevalence of various types of chronic diseases and the growing demand for respiratory devices. The Asia Pacific suction catheters market is expected to expand at the fastest rate of 8.6% during the forecast period. The growth can be attributed to the rise in the aging population and the increasing prevalence of chronic diseases