China Smoke Evacuation System Market Size & Outlook
China smoke evacuation system market, 2018-2030 (US$M)
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China smoke evacuation system market highlights
- The China smoke evacuation system market generated a revenue of USD 11.1 million in 2023 and is expected to reach USD 20.7 million by 2030.
- The China market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, smoke evacuating systems was the largest revenue generating product in 2023.
- Smoke Evacuation Tubings is the most lucrative product segment registering the fastest growth during the forecast period.
Smoke evacuation system market data book summary
| Market revenue in 2023 | USD 11.1 million |
| Market revenue in 2030 | USD 20.7 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Smoke evacuating systems |
| Fastest growing segment | Smoke Evacuation Tubings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 5.6% of the global smoke evacuation system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan smoke evacuation system market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 9.9 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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China 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 41.44% in 2023. Horizon Databook has segmented the China 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.
China smoke evacuation systems market is mostly driven by middle-class population and rapidly aging population. Availability of resources that enable development of advanced technology at cheaper cost is resulting in an increase in the number of manufacturing facilities.
Moreover, China has released Order 650 (former Order 276), which includes regulations for Supervision and Administration of Medical Devices, to restrict foreign investment in the country to protect domestic medical device manufacturing industry.
As a result, the number of local manufacturers is expected to grow. This is expected to contribute to the growth of smoke evacuation systems market in China over the forecast period.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China smoke evacuation system market , including forecasts for subscribers. This country databook contains high-level insights into China smoke evacuation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China smoke evacuation system market size, by product, 2018-2030 (US$M)
China Smoke Evacuation System Market Outlook Share, 2023 & 2030 (US$M)
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