Jersey City, NJ, Nov. 21, 2023 (GLOBE NEWSWIRE) -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Medical and Surgical Drainage System Market- (By Product Type (Drainage Systems (Open, Closed), Accessories), By Application (Cardiac and Thoracic Surgery, Abdominal, Orthopedic, Others Surgeries), By Flow Type (Active, Passive), By Application (Silastic, Rubber, Other Material)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Medical and Surgical Drainage System Market is valued at US$ 2.48 Bn in 2022, and it is expected to reach US$ 3.94 Bn by 2031, with a CAGR of 5.33% during the forecast period of 2023-2031.
Surgical drains remove fluid and/or gas from a wound or body cavity. Surgical drains are tubes placed near surgical wounds in post-operative patients to remove pus, blood, or other fluid from the body. They are active drains that keep a negative pressure gradient going. Drains can aid healing by eliminating inflammatory mediators, germs, foreign matter, and necrotic tissue. The rise in chronic diseases, as well as an increase in the incidence and prevalence of chronic diseases, has increased in cardiovascular surgeries and cancer-related surgeries. For example, cardiovascular disease is one of the prime causes of death worldwide.
Moreover, the global increase in surgery volume, technical developments in the medical and surgical drainage systems industry, and the rise in the geriatric population are the major factors boosting the development of the global medical and surgical drainage systems market.
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Recent Developments:
- In June 2023, BD (Becton, Dickinson and Company) and STERIS reached a $540 million definitive agreement to sell BD's surgical instrumentation platform. Products bearing the V. Mueller, Snowden-Pencer, and Genesis labels and three manufacturing facilities in St. Louis, Missouri, Cleveland, Ohio, and Tuttlingen, Germany, were included in the divestiture.
- In September 2022, B. Braun Medical Inc. (B. Braun) announced the acquisition of the innovative Clik-FIX catheter securement device portfolio from Starboard Medical, Inc. Using the organization's track record of pioneering products and programs, B. Braun's acquisition enhanced patient outcomes and the peripheral intravenous (IV) therapy experience.
List of Prominent Players in the Medical and Surgical Drainage System Market:
- B. Braun SE
- Becton, Dickinson, and Company
- Cardinal Health, Inc.
- Convatec Group Plc
- Cook Medical
- Hangzhou Fushan Medical Appliances Co., LTD.
- Johnson & Johnson
- Medela AG
- Medline Industries, LP
- Medtronic plc
- Ningbo Luke Medical Co., LTD.
- Olympus Corporation
- Redax
- Teleflex Incorporated
- Vygon
- Zimmer Biomet Holdings, Inc.
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Medical and Surgical Drainage System Market Report Scope:
| Report Attribute | Specifications |
| Market Size Value In 2022 | USD 2.48 Bn |
| Revenue Forecast In 2031 | USD 3.94 Bn |
| Growth Rate CAGR | CAGR of 5.33% from 2023 to 2031 |
| Quantitative Units | Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
| Historic Year | 2019 to 2022 |
| Forecast Year | 2023-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Product Type, Application, Flow Type, Material Type |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; India; South East Asia; South Korea |
Market Dynamics:
Drivers-
The growing geriatric population, technological improvements in surgical drains, and manufacturers' focus on producing advanced and innovative tubes are the primary drivers driving the surgical drains market size. The growing number of surgeries will increase demand for surgical drains, which are necessary for successful post-op recovery. As a result of the increased prevalence of chronic diseases, the global surgical drains market will expand. Furthermore, environmental changes such as increasing air, water, and light pollution, as well as rising global temperatures, have contributed to an increase in the global sickness burden. Bad eating, unhealthy habits and a lack of physical activity have added to an increase in the occurrence of cardiovascular and pulmonary disorders.
Challenges:
Factors such as an increase in the number of minimally invasive procedures, problems connected with the use of the systems, and an increase in the chances of infection are projected to impede market growth in the coming years. While surgical drains aid in a patient's effective recovery, they have also been linked to additional issues that are harmful to the patient's health. They produce discomfort, which drains the patient both physically and mentally. Furthermore, the overburdening of nurses and hospital staff in hospitals, particularly public hospitals, raises the likelihood of problems. As a result, the problems associated with surgical drains will stifle market expansion.
Regional Trends:
The Asia Pacific Medical and Surgical Drainage System Market is expected to register a major market share in revenue, and it is projected to grow at a high CAGR in the near future. The surgical drains market is growing due to the increased penetration of healthcare businesses actively spending in the region. Changing healthcare reforms are helping to drive market growth by facilitating the introduction of new goods.
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Segmentation of Medical and Surgical Drainage System Market-
By Product Type
- Drainage Systems
- Open
- Closed
- Accessories
By Application-
- Cardiac and Thoracic Surgery
- Abdominal
- Orthopedic
- Others Surgeries
By Flow Type-
- Active
- Passive
By Material Type-
- Silastic
- Rubber
- Other Material
By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- South East Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
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