Enjoy complimentary customisation on priority with our Enterprise License!
The surgical drainage devices market is projected to grow by USD 0.61 billion with a CAGR of 5.14% during the forecast period 2021 to 2026.
This surgical drainage devices market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers surgical drainage devices market segmentation by application (thoracic and cardiovascular surgeries, neurosurgical procedures, abdominal surgeries, orthopedics, and other surgeries), end-user (hospitals, ambulatory surgical centers, and clinics), and geography (North America, Europe, APAC, and the Rest of the World (ROW)). The surgical drainage devices market report also offers information on several market vendors, including 3M Co., ATMOS MedizinTechnik GmbH and Co. KG, Axiom Medical Consulting LLC, Becton Dickinson and Co., Bicakcilar Medical Devices, Cardinal Health Inc, Chimed srl, Cook Medical LLC, Getinge AB, Integra Lifesciences Holdings Corp., Johnson & Johnson, Medela AG, Medtronic Plc, QMD, Redax Spa, Sinapi Biomedical, Smiths Group Plc, Sterimed Group, Stryker Corp., and Teleflex Inc. among others.
Download Report Sample to Unlock the Surgical Drainage Devices Market Size for the Forecast Period and Other Important Statistics
The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges market.
Key Surgical Drainage Devices Market Driver
The rise in the number of surgeries is one of the key drivers fueling the surgical drainage devices market growth. With the increase in the prevalence of chronic diseases globally, the number of surgeries being performed has also increased since 2019. The incidence of cancers such as breast, cervix, endocrine glands, prostate, and thyroid cancers is on the rise globally, especially in the US. According to the CDC, 1,752,735 new cancer cases were diagnosed in 2019. Cancer surgeries require surgical drainage units to prevent postoperative complications. For instance, post-mastectomy or other reconstruction surgeries require surgical drainage to remove fluid from the wound site. Such requirements will drive market growth in the forecast period.
Key Surgical Drainage Devices Market Trend
Local anesthesia delivery via surgical drainage is one of the key surgical drainage devices market trends propelling the market growth. According to WHO, cardiovascular diseases (CVDs) are the leading cause of death globally, which is leading to related surgeries. The surgical drainage devices and systems used are based on the needs of the patient and the type of surgery type of wound. Surgical drains can be used in different types of surgery, such as breast surgery, thoracic surgery, and orthopedic procedures. Thus, they are also used as a mode of delivering local anesthesia to reduce pain following axillary node dissection in breast cancer. Hence, the increase in demand for surgical drainage for pain management will propel the market growth during the forecast period.
Key Surgical Drainage Devices Market Challenge
Post-operative complications are one of the factors limiting the surgical drainage devices market growth. Although surgical drains serve an important function, there are potential complications connected with their use. Surgical drains are prone to get tangled in the intravenous (IV) tubes or electrocardiogram, which may cause bleeding or pain. Also, there will be a risk of high pressure (10 mmHg or above) on wounds when these devices are used for cardiovascular surgeries, which may result in hemorrhage and impaired cardiac function. Such type of post-operative complications can discourage their demand, thus hindering the market growth during the forecast period.
This surgical drainage devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global surgical drainage devices market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the surgical drainage devices market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the surgical drainage devices market encompasses successful business strategies deployed by the key vendors. The surgical drainage devices market is fragmented, and the vendors are deploying growth strategies such as price, quality, service, brand /image, and distribution of products to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The surgical drainage devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the surgical drainage devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
38% of the market’s growth will originate from North America during the forecast period. The US is the key market for the surgical drainage devices market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.
The high number of surgeries in ophthalmology will facilitate the surgical drainage devices market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 negatively impacted regional market growth. However, in 2021, more people were vaccinated, and safety guidelines were followed specifically for each medical specialty to offer safe and effective surgical care to reduce the spread of COVID-19. Thus, the demand for surgeries, which require surgical drainage devices, will continue to increase in North America during the forecast period.
To gain further insights on the market contribution of various segments, Request a PDF Sample
The surgical drainage devices market share growth in the thoracic and cardiovascular surgeries segment will be significant during the forecast period. One of the main factors in increasing thoracic and cardiovascular surgeries is the rise in the number of patients undergoing obesity-related cardiac surgeries. People with higher levels of obesity require additional time on mechanical ventilation, and thus, they are more prone to post-operative risks. This, in turn, is anticipated to boost segment growth in the near future.
This report provides an accurate prediction of the contribution of all the segments to the growth of the surgical drainage devices market size and actionable market insights on the post-COVID-19 impact on each segment.
|
Surgical Drainage Devices Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.14% |
|
Market growth 2022-2026 |
$0.61 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
3.74 |
|
Regional analysis |
North America, Europe, APAC, and the Rest of the World (ROW) |
|
Performing market contribution |
North America at 38% |
|
Key consumer countries |
US, China, Japan, Germany, and UK |
|
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
|
Key companies profiled |
3M Co., ATMOS MedizinTechnik GmbH and Co. KG, Axiom Medical Consulting LLC, Becton Dickinson and Co., Bicakcilar Medical Devices, Cardinal Health Inc, Chimed srl, Cook Medical LLC, Getinge AB, Integra Lifesciences Holdings Corp., Johnson & Johnson, Medela AG, Medtronic Plc, QMD, Redax Spa, Sinapi Biomedical, Smiths Group Plc, Sterimed Group, Stryker Corp., and Teleflex Inc. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
