Surgical Drainage Devices Market, During surgery, catheters drain wounds. These devices remove blood, pus, and other fluids from wounds, preventing their accumulation in the body.
|Market Size in 2020||Market Forecast in 2028||CAGR (in %)||Base Year|
|USD 1.12 Billion||USD 3.20 Billion||5.7%||2020|
Surgical Drainage Devices Market
The global Surgical Drainage Devices Market accrued earnings worth approximately 1.12 (USD Billion) in 2020 and is predicted to gain revenue of about 3.20 (USD Billion) by 2028, is set to record a CAGR of nearly 5.7% over the period from 2021 to 2028. The report offers assessment and analysis of the Surgical Drainage Devices Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).
In Global Surgical Drainage Devices Market Report, Surgical drainage devices are catheters kept near wounds occurring during surgeries. These devices help in the removal of blood, pus, and other unwanted fluids from wounds and thus help in avoiding its accumulation in the human body. Furthermore, the equipment is an active drainage tool that maintains a negative pressure gradient. In addition to this, surgical drainage equipment assists in preventing air accumulation and avoids the accumulation of infected blood & fluids. Moreover, standard surgeries requiring blood drain include breast surgeries, chest surgeries, chest pleural drainage, abdominal surgery, lymph node clearance process for malignancy, plastic surgeries, and thyroid surgeries.
The growth of the surgical drainage devices industry over the forecast timespan can be attributed to the need for preventing fluid as well as toxic substance accumulation in human bodies post surgeries. In addition to this, rise in cases of musculoskeletal disorders, osteoporosis, and arthritis, the market is likely to gain traction over years to come. Apparently, need for reducing hospital stays as a result of hospital-acquired infections will create lucrative demand for surgical drainage devices in the healthcare sector, thereby steering surgical drainage devices market trends. Rise in the number of surgeries is likely to translate into creation of huge growth avenues for the surgical drainage devices market in upcoming years. An increase in the launching of new products will contribute substantially towards the surgical drainage devices market size.
Apparently, rise in medical tourism activities in Latin American countries as well as Asia Pacific regions will promote penetration of surgical drainage devices in these regions, thereby proliferating size of the surgical drainage devices market. Rise in cancer-related surgeries can provide impetus to the expansion of surgical drainage devices industry space in the foreseeable future.
North American Market Growth To Reach High Altitude By 2028
The expansion of surgical drainage devices market in North America over 2021-2028 can be credited to favorable government schemes aiding use of surgical drainage devices in the medical sector. The growing focus of private hospitals as well as public clinics on preventing the recurrence of diseases in patients is predicted to account notably for the enlarged use of products in the region. Government inclination towards patient care and favorable reimbursement policies will steer growth of the surgical drainage industry in North America. Additionally, allocation of huge funds for bringing drastic improvement in healthcare services in countries such as the U.S. will culminate into tremendous development of industry sphere in the sub-continent within next couple of years.
Some of key players have introduced new products with beneficial features, thereby aiding surgical drainage devices industry register a huge upswing and a marked growth. Moreover, our market research report highlights profiles of these players, namely, C.R. Bard, Inc., Stryker Corporation, B. Braun, Teleflex Incorporated, Cardinal Health, Inc., Ethicon, Inc., Medela, Cook Medical, Medtronic Plc, and Acelity L.P. Inc.
|Report Attributes||Report Details|
|Report Name||Surgical Drainage Devices Market Report|
|Market Size in 2020||USD 1.12 Billion|
|Market Forecast in 2028||USD 3.20 Billion|
|Growth Rate||CAGR of 5.7%|
|Number of Pages||150|
|Key Companies Covered||C.R. Bard, Inc., Stryker Corporation, B. Braun, Teleflex Incorporated, Cardinal Health, Inc., Ethicon, Inc., Medela, Cook Medical, Medtronic Plc, and Acelity L.P. Inc.|
|Segments Covered||By Product, By End-Use, By Application, and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2017 to 2020|
|Forecast Year||2021 - 2028|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|