Asia Pacific Smoke Evacuation System Market Size & Outlook
Asia Pacific smoke evacuation system market, 2018-2030 (US$M)
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Asia Pacific smoke evacuation system market highlights
- The Asia Pacific smoke evacuation system market generated a revenue of USD 38.6 million in 2023.
- The market is expected to grow at a CAGR of 10.3% from 2024 to 2030.
- In terms of segment, smoke evacuating systems was the largest revenue generating product in 2023.
- Smoke Evacuating Systems is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 38.6 million |
| Market revenue in 2030 | USD 76.6 million |
| Growth rate | 10.3% (CAGR from 2023 to 2030) |
| Largest segment | Smoke evacuating systems |
| Fastest growing segment | Smoke Evacuating Systems |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smoke Evacuating Systems, Smoke Evacuation Filters, Smoke Evacuation Pencils & Wands, Smoke-Evac Fusion Products (Shrouds), Smoke Evacuation Tubings, Accessories |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Conmed Corp, Johnson & Johnson, Zimmer Biomet Holdings Inc, Olympus Corp, Erbe Elektromedizin, Steris PLC, KLS Martin Group, Symmetry Surgical |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 19.6% of the global smoke evacuation system market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 76.6 million by 2030.
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Smoke Evacuation System Market Scope
Smoke Evacuation System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific smoke evacuation system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smoke evacuation system market will help companies and investors design strategic landscapes.
Smoke evacuating systems was the largest segment with a revenue share of 38.08% in 2023. Horizon Databook has segmented the Asia Pacific smoke evacuation system market based on smoke evacuating systems, smoke evacuation filters, smoke evacuation pencils & wands, smoke-evac fusion products (shrouds), smoke evacuation tubings, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific smoke evacuation systems market is expected to grow at a lucrative rate of 9.5% during the forecast period. The market is driven by high investments on R&D and consistent efforts being taken by global market players for commercializing their products at lower prices.
In addition, the urgent need to curb large surgical smoke plumes during surgery is expected to propel the market growth over the coming years. Increasing disposable income is expected to lead to a significant rise in the number of cosmetic surgeries being performed, which is likely to widen future growth prospects of the market.
Furthermore, improving healthcare infrastructure is expected to create growth opportunities in the region over the forecast period. Increasing focus on R&D and growing awareness in emerging economies, such as China and India, are also some of the factors contributing to the market growth.
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Target buyers of Asia Pacific smoke evacuation system market databook
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Our clientele includes a mix of smoke evacuation system market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific smoke evacuation system market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific smoke evacuation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific smoke evacuation system market size, by country, 2018-2030 (US$M)
Asia Pacific Smoke Evacuation System Market Outlook Share, 2023 & 2030 (US$M)
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