Aspiration Control Systems Market Overview
The global aspiration control systems market size is projected to be worth US$ 324.82 Mn in 2022. During the projection period of 2022 to 2032, the market is predicted to grow at a CAGR of 6.5%, with a valuation of US$ 609.74 Mn by 2032. Major factors propelling the market growth for aspiration control systems include:
- Due to the rising frequency of venous disorders and the rising number of innovative products becoming approved to satisfy this demand, the sales of aspiration control systems are anticipated to rise significantly over the projected period.
- The market is expected to develop as a result of rising disease awareness, the growing value of early detection, and rising spending on chronic illnesses.
- The major market players are spending money on the development of technologically improved goods, which is likely to boost the adoption of aspiration control systems in both developed and emerging nations.
- Players in the aspiration control systems market may benefit from attractive growth potential if they develop new products at a reasonable cost and increase their efforts to penetrate these markets.
Aspiration Control Systems Market Value (2022)
US$ 324.82 Mn
Aspiration Control Systems Market Forecast Value (2032)
US$ 609.74 Mn
Aspiration Control Systems Market CAGR (2022-2032)
Aspiration is a medical term that refers to the withdrawal of air and fluids from the body. Aspiration of body fluids is necessary for sample collection required for diagnostic and therapeutic application and to determine the future course of treatment for various disorders.
Few key procedures in which the aspiration is necessary include: Aspiration of joint fluids (Arthrocentesis), Aspiration of ascitic fluids in the peritoneal cavity (Paracentesis), Cerebro Spinal Fluid (CSF) Aspiration, Breast Cyst aspiration, bone marrow transplant procedures, and ophthalmic procedures. For instance, in bone barrow aspiration, a small amount of bone marrow is withdrawn from the bone and examined for various disease conditions.
Aspiration control systems consist of a fully automated sterile system with a motor and vacuum pump that is being controlled to deliver precise and continuously variable vacuum within a vacuum chamber, and surgical hand piece for convenient aspiration of bone marrow and other fluids during surgery.
The system is purely based on suction technology in which the adjustable mechanical vacuum controller maintains a favorable vacuity with sensitive suction power.
Trends and Major Sales Drivers of the Aspiration Control Systems Industry
The primary market trend for aspiration control systems has been an increase in research and development investment. To take advantage of the enormous untapped market prospects in the developing world, the industry's top companies are concentrating on creating goods that are both affordable and of excellent quality. The rising expenditure on research and development as well as the rising number of new product approvals are evidence of this.
Healthcare facilities preferred aspiration control devices for treating ischemic stroke, which typically affects elderly persons. Individuals older than 40 have been found to have an increased risk of stroke as a result of modern lifestyle, stress, and eating choices. As a result, aspiration control systems manufacturers are anticipated to witness an increase in sales from these sectors. Furthermore, stroke attack leaves over 65% of patients in need of physical support or help, making it the main cause of disability among elderly people.
The WHO estimates that 15 million people worldwide are expected to suffer a stroke each year. The aspiration control system is the most favored therapy by large healthcare organizations for acute ischemic stroke because it enhances functional results and reduces patient mortality. These factors are propelling the market growth during the projection period.
Role of Hospitals in Propelling the Adoption of Aspiration Control Systems
Since hospitals have better medical facilities and access to cutting-edge equipment than emergency clinics, hospitals are often favored by patients. The sector is expanding due to the patient's propensity to go to the hospital since they receive treatment within eight hours of the beginning of symptoms.
The prevalence of acute ischemia illnesses is projected to rise, and consumer awareness of aspiration control systems is also expected to rise. In the United States and Europe, stroke is the leading cause of death and disability. The primary method of treating an acute ischemic stroke is reperfusion therapy utilizing aspiration control systems. Since acute ischemia illness must be treated within eight hours of the beginning of symptoms, hospitals are still the ideal location for treatment, propelling market growth.
Aspiration Control Systems Market: Drivers and Restraints
Aspiration control system market is gaining high traction owing to sophisticated surgeries being carried out worldwide that require high degree of precision. Also, aspiration control system is gaining wide acceptance among various biotechnological centers and diagnostic centers where there is a need for safe and efficient collection and disposal of biological liquid waste for research purpose.
Aspiration control system market is mainly driven by increasing per capita healthcare expenditure, increase in R&D spending in various research and educational institutes, and substantial rise in various sophisticated surgeries such as bone marrow transplants and ophthalmic vitrectomy surgery.
Furthermore, changing economic scenarios such as increasing FDI influx in healthcare sector in developing regions is expected to boost overall sales of these devices in these regions.
Though this market is expected to witness substantial growth over the forecast period, high cost of aspiration control system devices, lack of skilled professionals for this sensitive surgical procedure, along with conventional alternative surgical devices could hamper the overall revenue growth of this market.
On the basis of geography, the global aspiration control systems market is segmented into five key regions: North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North America contributes maximum share to the global aspiration control system market.
European countries are expected to represent significant growth rates owing to high awareness and increased spending on R&D. Furthermore, there is high adoption rate of technically advanced equipment in North America and Europe, which in turn creates significant demand for aspiration control systems. In the Asia Pacific, China, Japan and India are promising markets for aspiration control systems.
Some of the prominent players in aspiration control systems market are VACUUBRAND GMBH, INTEGRA Biosciences AG, Gilson Inc and Hettich Benelux B.V. VACUUBRAND GMBH holds a significant share in the global aspiration control system due to its diverse product portfolio and global presence through direct sales and it distributors.
The report covers exhaustive analysis on
- Aspiration Control System Market Segments
- Aspiration Control System Market Dynamics
- Historical Actual Market Size, 2013 - 2015
- Aspiration Control System Market Size & Forecast 2016 to 2026
- Aspiration Control System Market Trends/Issues/Challenges
- Competition & Companies involved
- Aspiration Control System Market Drivers and Restraints
Regional analysis includes
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Aspiration Control Systems Market
The global aspiration control system market is classified on the basis of products, application, end-use, and geography.
Based on products, the aspiration control systems market is segmented into:
- Basic Aspiration System
- Mechanical Aspiration System with Integrated Control
Based on the application, the aspiration control systems market is divided into following:
- Body Fluids Removal
- Bone Fragments Removal
Based on end-user, the global aspiration control systems market is divided into following:
- Specialized Clinics
- Diagnostic Laboratories
- Private Diagnostic Laboratories
- Public Diagnostic Laboratories
- Educational and Research Institutes