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The surgical drains/wound drainage market is projected to grow by USD 368.22 million with a CAGR of 3.34% during the forecast period 2021 to 2026.
This surgical drains wound drainage 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 the surgical drains wound drainage market segmentation by type (active drains and passive drains) and geography (North America, Europe, Asia, and the Rest of the World (ROW)). The surgical drains wound drainage market report also offers information on several market vendors, including AdvaCare Pharma, Angiplast Pvt Ltd, Aspen Surgical Products Inc., B. Braun SE, Becton Dickinson and Co., Cardinal Health Inc, ConvaTec Group Plc, Cook Medical LLC, Global Medikit Ltd., ICU Medical Inc., Johnson & Johnson, Kaneka Medix Corp., McKesson Medical-Surgical, Medline Industries LP, Ningbo Luke Medical Devices Co. Ltd, Poly Medicure Ltd., QMD, Redax Spa, Romsons Scientific & Surgical Pvt. Ltd, and Zimmer Biomet Holdings Inc., among others.
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The rise in the number of surgeries is notably driving the surgical drains wound drainage market growth, although factors such as postoperative complications may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the surgical drains wound drainage industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Surgical Drains/Wound Drainage Market Driver
The rise in the number of surgeries is one of the key drivers supporting the surgical drains/wound drainage market. According to the CDC, cigarette smoking is the leading cause of preventable diseases and deaths in the US, accounting for more than 480,000 deaths every year. Lung volume reduction surgery or lung transplant can treat patients in extreme cases. Post-surgery, surgical drains wound drainage devices are required to remove the fluid and air buildup efficiently at the surgical site. Thus, the increase in the number of chronic diseases is increasing the number of surgeries, which, in turn, is expected to drive the adoption of surgical drains wound drainage devices designed for postoperative care during the forecast period.
Key Surgical Drains/Wound Drainage Market Trend
The rise in healthcare expenditure is one of the key surgical drains wound drainage market trends contributing to the market growth. According to the WHO, growth in healthcare spending in 2020 was driven primarily by higher public spending in government-funded healthcare facilities in the midst of the COVID-19 pandemic, whereas out-of-pocket spending fell in almost all the countries analyzed. The share of healthcare spending in total general government expenditure declined in 2020 as total general government expenditure grew at a higher rate than public spending on healthcare. Hence, economic growth will boost healthcare expenditure, which will lead to a rise in surgical procedures such as single incision surgeries. This will eventually have a positive impact on the surgical drains wound drainage market growth.
Key Surgical Drains/Wound Drainage Market Challenge
Postoperative complications are one of the factors hampering the surgical drains wound drainage market growth. Although surgical drains serve an important function, there are potential complications involved with their use. For instance, drainage devices used for abdominal surgeries or related to the urinary tract can cause urinary tract infections. Similarly, there will be a risk of high pressure (10 mmHg or above) on the wounds caused by devices used in cardiovascular surgeries, which may result in hemorrhage and impairment of cardiac function. Such type of postoperative complications can discourage their demand, thus hindering surgical drains wound drainage market growth during the forecast period.
This surgical drains wound drainage 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 drains wound drainage 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 drains wound drainage 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 drains wound drainage market encompasses successful business strategies deployed by the key vendors. The surgical drains wound drainage market is fragmented, and the vendors are deploying organic and inorganic growth strategies 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 vendor profiles are designed to help clients improve their market position and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.
Our In-house experts produce extensive information on the value chain and the parent market of the surgical drains wound drainage market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
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41% of the market’s growth will originate from North America during the forecast period. The US is the key market for surgical drains wound drainage market in North America. Market growth in this region will be faster than the growth of the market in Europe.
The presence of government insurance and private insurance companies will facilitate the surgical drains wound drainage 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 in 2020 had a negative impact on the regional market. However, the COVID-19 outbreak also resulted in patients spending less time in hospitals as patients who underwent many surgical procedures were discharged on the same day of the surgery to reduce the risk of COVID-19 infection. As a result, the demand for surgeries, including surgical drains and wound drainage, will continue to rise in North America during the forecast period.
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The surgical drains wound drainage market share growth in the active drains segment will be significant during the forecast period. Active drains are closed systems that collect fluid into a reservoir. This reservoir prevents the saturation of fluid on the bandage material, reduces the risk of ascending infection, and can limit the exposure of hospital staff or other patients to contaminated bodily fluids. Such factors are anticipated to boost the growth of the active drains segment in the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the surgical drains wound drainage market size and actionable market insights on the post-COVID-19 impact on each segment.
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Surgical Drains/Wound Drainage Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.34% |
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Market growth 2022-2026 |
$368.22 million |
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Market structure |
Fragmented |
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YoY growth (%) |
2.45 |
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Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
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Performing market contribution |
North America at 41% |
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Key consumer countries |
US, Germany, France, China, and India |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
AdvaCare Pharma, Angiplast Pvt Ltd, Aspen Surgical Products Inc., B. Braun SE, Becton Dickinson and Co., Cardinal Health Inc, ConvaTec Group Plc, Cook Medical LLC, Global Medikit Ltd., ICU Medical Inc., Johnson & Johnson, Kaneka Medix Corp., McKesson Medical-Surgical, Medline Industries LP, Ningbo Luke Medical Devices Co. Ltd, Poly Medicure Ltd., QMD, Redax Spa, Romsons Scientific & Surgical Pvt. Ltd, and Zimmer Biomet Holdings Inc. |
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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. |
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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 Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 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
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