Market Trends of Smoke Evacuation Systems Industry
This section covers the major market trends shaping the Smoke Evacuation Systems Market according to our research experts:
Laparoscopic Surgeries is Expected to Witness a Significant Growth Over the Forecast Period.
The laparoscopic surgeries segment is expected to witness significant growth over the forecast period owing to the growing prevalence of obesity, chronic diseases, increasing technological advancements, and the growing demand for minimally-invasive surgery such as appendix removal, gall bladder removal, etc.
According to the United Kingdom Obesity Statistics Factsheet published in March 2022, in the year 2020, around three-quarters of those aged 45-74 were overweight or obese, and obesity levels have increased from 15% to 28% in the last three decades. Tissue vaporization procedure generated by using various energy-generating devices such as electrocautery devices, laser systems, ultrasonic and advanced bipolar energy devices generates surgical smoke. Thus, the high prevalence of obesity among the population is expected to drive the laparoscopic surgeries that are increasing the demand for smoke evacuation systems.
Similarly, an article published in the journal Public Health Frontier in May 2022 reported that surgical smoke is composed of over 80 potentially hazardous chemicals, blood and tissue particles, bacteria, and virus particles and surgical plumes in the OR could rightly be considered a biohazard, and may be carcinogenic in some cases. Thus, increasing surgical procedures and hazardous effects associated with smoke during surgery are increasing the demand for smoke evacuation systems. Thus, the increase in laparoscopic surgeries is driving the demand for a high number of smoke evacuation systems, driving the growth of this segment.
The increasing funds to incorporate smoke evacuation systems for safe surgical procedures and growing awareness of the hazardous nature of surgical smoke among the operating room staff, and various medical organizations are constantly propelling the demand for the incorporation of smoke evacuation systems. For instance, in June 2021, Palliare received USD 8 million in Series A funding. This fund was used to support US commercial launch activities related to Palliare's EVA15 insufflator and smoke evacuation system in surgical rooms. Such funding to incorporate smoke evacuation systems for safe surgical procedures is driving the growth of this segment.
North America is Expected to Witness a Significant Growth Over the Forecast Period.
North America is expected to witness significant growth over the forecast period owing to factors such as the growing cases of both laparoscopic and cosmetic procedures such as botox, where laser treatment resulted in smoke plumes during surgery, an increase in the number of chronic diseases, technological developments due to the presence of key market players and government legislation.
The increase in various surgical procedures in the region is driving the growth of the studied market. For instance, in 2021, the Aesthetic Society Databank reported that 491,098 liposuction procedures were performed in America in the year 2021. Similarly, Canadian Institute for Health Information 2021, reported that about 26,456 appendix removal and 21,941 gall bladder removal surgery procedures were performed among the age group of 18-64 years in Canada in the year 2021. It also reported that appendix removal and gall bladder removal surgeries accounted for 3.8% and 3.1% respectively of all the surgical procedures performed among this age group in Canada. The smoke particles have been associated with several postoperative adverse outcomes across multiple surgical disciplines, including aesthetic surgical procedures, appendix removal surgeries, and gall bladder removal surgeries. Thus, an increase in the number of surgical procedures in North American countries is driving the demand for smoke evacuation systems, thereby driving the growth of the studied market.
Furthermore, the rising prevalence of chronic diseases in the region, technological advancement, and the domicile presence of major players in the region are driving the growth and responsible for ensuring the dominance of the region. For instance, in April 2021, CDC reported that six in ten adults in the United States have at least one chronic disease, and four in ten adults have two or more chronic diseases. Thus, the high prevalence of chronic diseases in the country increases the demand for minimally invasive surgeries. Surgical smoke generated through energy devices may present detrimental effects on individuals present in the operating room thereby increasing the demand for smoke evacuation systems and driving the growth of the studied market.
Also, the government regulations and rules to implement smoke evacuation systems in hospitals are driving the demand for smoke evacuation systems. For instance, in March 2022, at least 12 states were considered for the surgical smoke evacuation legislation with a proposed rule expected out of the Texas Health and Human Services Commission later in 2022. Thus, such rules and legislation are driving the growth of the studied market.
Thus, due to the growing cases of both laparoscopic and cosmetic procedures, an increase in the number of chronic diseases, and technological developments, the region is expected to witness significant growth over the forecast period.
