About Extraction Devices
Extraction devices are used to separate a substance from a mixture or solution in order to isolate or purify the product. Amid rising need for impurity less chemical solution to get the desired result or to extract certain unwanted substance during medical operations, such devices are getting traction. Extraction devices are used for a wide range of application which includes chemical industry, healthcare and food industry among others. There are various applications of extraction devices in the healthcare industry such as tissue extraction devices, stone extraction devices, and others.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.1% |
Market players are focusing on providing extraction devices with higher quality along with complying with all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive technology to further offer qualified extraction devices. The market is concentrated owing to the presence of several international and domestic providers. The high focus on offering cost-effective product offerings. Besides, the numerous industry profitability has led to the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Extraction Devices market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GE Healthcare (United Kingdom), ProMetic Life Sciences, Inc. (Canada), GEA Westfalia Separator Group GmbH (Germany), Flottweg Separation Technology (United States), Spectrum Laboratories, Inc. (United States), Alfa Wassermann Separation Technologies, LLC (United States), 3M Purification, Inc. (United States), Sartorius Stedim Biotech (France), Konik Nanobiotech SL (Spain) and Merck KGaA (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Agilent Technologies, Inc. (United State), YMC Europe GmbH (Germany), Thermo Fisher Scientific, Inc. (United States), NuSep Holdings Ltd. (Australia), KNAUER Wissenschaftliche Gerate GmbH (Germany) and 3M Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Extraction Devices market by Type (Solid Phase and Liquid Phase) and Region.
On the basis of geography, the market of Extraction Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Spain, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Healthcare Industries will boost the Extraction Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Popularity of Tissues Attraction Devices, Increasing Incidences of Cancer and Rise in the awareness of minimally invasive surgeries.
Market Growth Drivers:
Adoption of New Technology in MRI, CT scan, A Dominance of Unhealthy Lifestyle and Increasing Awareness about Befit of Extraction Devices
Challenges:
Increasing complexities and rising uncertainties.
Restraints:
Higher Cost of the Extraction Devices
Opportunities:
Technological Advancement in Emerging Countries
Market Leaders and their expansionary development strategies
December 2021 announced that it has completed its previously announced acquisition of BK Medical, a leader in advanced surgical visualization, from Altaris Capital Partners, LLC. The companies entered into a definitive agreement for GE to purchase BK Medical for a cash purchase price of USD 1.45 billion
In October 2023, Siemens unveiled its "Digital Extractor," an AI-powered system for optimizing extraction processes, improving yields, and minimizing waste generation.
FDA requires all medical product manufacturers to register their facilities, list their devices with the agency, and follow general controls requirements. FDA classifies devices according to the risk they pose to consumers. Many medical devices, such as plastic bandages and ice bags, present only minimal risk and can be legally marketed upon registration alone. These low-risk devices are deemed exempt from premarket review and manufacturers need not submit an application to FDA prior to marketing. In contrast, most moderate- and high-risk devices must obtain the agency’s permission prior to marketing. FDA grants this permission when a manufacturer meets regulatory premarket requirements and agrees to any necessary postmarked requirements, which vary according to the risk that a device presents.
Key Target Audience
Extraction devises Manufactures, Extraction Devices Supplier/Distributor, Hospital, Medical Research Centre, Chemical Research Centre, Healthcare Institutes, Government and Private Research Center and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.