Smoke Evacuation System Industry - Regional Synopsis
North American Market Forecast
North America smoke evacuation market is estimated to hold largest revenue share of 40% by 2037. This can be attributed to large population facing cardiac problems, and orthopedic problems along with the rise in the cases of cancer in the region. In 2020, almost 2 million cases of cancer were recorded in the United States. Additionally, growth in the number of chronic diseases, an increase in the use of laparoscopic surgery and aesthetic procedures such as botox, where surgical laser treatment caused smoke plumes during surgery, technological advancements established by the presence of major market competitors, and regulatory regulations are few significant factors driving the market growth.
The rise in various types of surgeries is also expected to fuel the market growth. The Aesthetic Society Databank reported in 2021 that there were 491,098 liposuction procedures carried out in the United States. Corresponding to this, the Canadian Centre for Health Information 2021 estimated that between the ages of 18 and 64, approximately 26,456 appendix ectomy surgeries and 21,941 gall bladder removal surgeries were carried out in Canada in 2021.
APAC Market Statistics
The surgery smoke evacuation system in the Asia Pacific is predicted to grow at a lucrative rate during the forecast period as a result of a rise in healthcare spending by the government, improvement in the healthcare infrastructure, and rising awareness regarding diseases. Moreover, the inrush of medical tourism in countries such as Thailand, China, and India will drive the market growth. Emerging economies such as Japan, India, and China are focusing more on research and development activities in the healthcare industry which are also poised to impel the market growth in the Asia Pacific region.
Europe Market Forecast
The market in the Europe region is anticipated to witness noteworthy growth through 2037, led by presence of advanced and sophisticated healthcare infrastructure in the region and also the availability of technologically advanced products and professionally skilled professionals. Also, the prevalence of diseases such as cancer, cardiac problem, orthopedic problem, and chronic diseases are expected to propel the market revenue in the European region.
