Smoke Evacuation System Market Growth & Trends

The global Smoke Evacuation system Market size is expected to reach USD 337.5 million by 2030, registering a CAGR of 7.44% from 2023 to 2030, according to a new report by Grand View Research, Inc. Factors contributing to the growth of this market include an increase in medical tourism for cosmetic surgeries and rising number of electrosurgery procedures. Furthermore, increasing focus on infection control as surgical smoke plumes might contain pathogens is boosting the market growth.Currently, elective and endoscopic procedures are delayed due to the outbreak of COVID-19 to reduce the risk of transmission to other patients with chronic conditions.

This is further supported by increasing technological advancements by market players, the prevalence of chronic diseases that require surgical procedures, and the demand for better surgical equipment.Major market players are focused on launching technologically upgraded products in the market to enhance their presence. For instance, in January 2020, Symmetry Surgical Inc. acquired the O.R. Company that manufactures, develops & markets, innovative & high-quality surgical devices. In addition, the rising trend of medical tourism for cosmetic procedures and the increasing number of laser cosmetic surgeries are anticipated to drive market growth.

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Smoke Evacuation System Market Report

Report Attribute Details
Market size value in 2023 — USD 196.8 million
Revenue forecast in 2030 — USD 337.5 million
Growth rate — CAGR of 7.44% from 2023 to 2030
Base year for estimation — 2022 
Historical data — 2018–2021
Forecast period — 2023–2030
Report updated — June 2023

Smoke Evacuation System Market Report Highlights

• The smoke evacuating systems products segment held the highest revenue share in 2022 and is projected to witness the maximum growth during the forecast period. Technological advancements by key players are expected to drive market growth
• North America held the dominant share in 2022due to the high number of aesthetic procedures in the region
• In September 2020, Olympus collaborated with Alesi Surgical Ltd. for the distribution of the Ultravision surgical smoke control system in the U.S., hence expanding its geographical presence
• The hospitals end-use segment accounted for a major portion of the market owing to the high usage of smoke evacuation systems in hospitals and high surgery volume
• Asia Pacific is anticipated to witness lucrative growth owing to the high R&D investments and innovations by global players for commercializing their products at lower prices