Europe Smoke Evacuation System Market Size & Outlook
Europe smoke evacuation system market, 2018-2030 (US$M)
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Europe smoke evacuation system market highlights
- The Europe smoke evacuation system market generated a revenue of USD 61.5 million in 2023.
- The market is expected to grow at a CAGR of 7.6% 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, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 61.5 million |
| Market revenue in 2030 | USD 102.9 million |
| Growth rate | 7.6% (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, Europe region accounted for 31.3% 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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Europe 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 39.35% in 2023. Horizon Databook has segmented the Europe 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.
Germany and the UK are major contributors to Europe smoke evacuation systems market, accounting for around 37% share in 2019. The region is expected to exhibit steady growth of 6.8% during the forecast period due to the presence of sophisticated healthcare infrastructure and availability of advanced products & skilled professionals.
Moreover, the new European medical device regulations implemented in 2019 are expected to increase the barriers for U.S. device companies seeking to market their products in Europe. Owing to relatively more flexible regulatory policies in the region in comparison with the U.S., many companies prefer to obtain market clearance in Europe initially.
In 2019, the European Operating Room Nurses Association launched an awareness program that aims at spreading awareness about surgical plumes, which may contain harmful gaseous byproducts, causing severe health problems in surgeons, physicians, and patients.
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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 continent-level data and insights on the Europe smoke evacuation system market , including forecasts for subscribers. This continent databook contains high-level insights into Europe smoke evacuation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe smoke evacuation system market size, by country, 2018-2030 (US$M)
Europe Smoke Evacuation System Market Outlook Share, 2023 & 2030 (US$M)
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