New Study from StrategyR Highlights a $223.4 Million Global Market for Smoke Evacuation Systems by 2026

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Jul 04, 2022, 10:05 ET

SAN FRANCISCO, July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Smoke Evacuation Systems - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

New Study from StrategyR Highlights a $223.4 Million Global Market for Smoke Evacuation Systems by 2026

Global competitiveness and key competitor percentage market shares
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Edition: 6; Released: January 2022
Executive Pool: 5371
Companies: 42 - Players covered include Bovie Medical Corporation; Buffalo Filter LLC; Cls Surgimedics; ConMed Corporation; CooperSurgical, Inc.; ERBE Elektromedizin GmbH; I. C. Medical, Inc.; Medtronic PLC; Megadyne Medical Products, Inc.; Utah Medical Products, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Segment (Smoke Evacuation Wands & Pencils, Smoke Evacuators, Smoke Evacuation Filters, Smoke-Evac Fusion Products, Smoke Evacuation Tubings, Accessories)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Smoke Evacuation Systems Market to Reach $223.4 Million by 2026
Amid the COVID-19 crisis, the global market for Smoke Evacuation Systems estimated at US$162.8 Million, is projected to reach a revised size of US$223.4 Million by 2026, growing at a CAGR of 5.3% over the analysis period. Smoke Evacuation Wands & Pencils, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$100.8 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smoke Evacuators segment is readjusted to a revised 5.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $51.2 Million in 2021, While China is Forecast to Reach $39.5 Million by 2026
The Smoke Evacuation Systems market in the U.S. is estimated at US$51.2 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$39.5 Million by the year 2026 trailing a CAGR of 5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Smoke Evacuation Filters Segment to Reach US$33.5 Million by the year 2026
In the global Smoke Evacuation Filters segment, USA, Canada, Japan, China and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$19.9 Million will reach a projected size of US$28.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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