Global Surgical Drainage Devices Market by Product (Active, Passive), by Application (Thoracic & Cardiovascular Surgeries, Orthopedics) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global surgical drainage devices market was valued at USD 1.15 Billion in 2020. It is expected to grow at a compound annual rate (CAGR of 5.6%) between 2021 and 2028. Due to the ongoing COVID-19 epidemic, the market saw a significant decline in 2020. The market has been negatively affected by COVID-19. This is because of the delays in many elective surgical procedures. These surgical procedures are highly susceptible to the spread of COVID-19. Cleaning the operating rooms has also become a problem during the pandemic. Any complications in planned operations may lead to a longer hospital stay for patients seeking surgical guidance. It may also increase the rate at which patients are re-admitted, increasing the out-of-pocket cost. Market growth will be impeded by the increasing risks that surgeons may contract infection from the operating environment. The pandemic will be reduced if there are specific guidelines for each specialty that provide safe and effective surgical care.

The post-pandemic period will see a significant increase in chronic diseases worldwide, which is expected to result in a huge demand for surgical drainage equipment. The market may grow due to an increase in surgeries and the increased use of these devices in different applications. The rise in alcohol and smoking has also contributed to this growth. These devices are used to remove fluids and air from the surgical site in the majority of these operations.

There are many devices that can be used to prevent fluid accumulation, including blood, infected fluids and pus. These devices can also be used to reduce air buildup and, in certain cases, the characterization fluid. The type of surgery performed will determine the type of drain used. There are many drains available that come in different sizes and shapes to suit various types of surgeries.

Acelity's ABThera is a product that uses negative pressure in order to drain peritoneal fluid. It also helps reduce edema during abdominal surgery. There are many products available that can be used for specific procedures. This helps both doctors and patients at different levels.

The market offers a wide range of products that can be used in a variety of applications. Penrose drains come in many sizes and shapes which makes them versatile for a variety of uses. Cardinal Health is a major player in the surgical drainage market. They have a wide range of Penrose drains available that can be used in a variety applications.

Patients can now undergo surgery at a lower cost and under close medical supervision thanks to the rise of medical tourism in countries like India, Turkey, Brazil, and Malaysia. This will increase the country's market growth. These procedures may also require customized drainage devices to suit specific conditions. This could further boost market growth.

Product Insights

The active surgical drainage devices made up the majority of the market share in 2020 with a 75.0% increase. These devices remove fluid from the surgical site and prevent air buildup by using suction (usually vacuum or wall suction). Most often, active surgical drainage devices use negative pressure therapy to drain fluid.

Based on the type and extent of the surgery, the surgeon chooses the drain. Active drains are protected from the environment, which prevents the growth of bacteria. They can keep the wound clean and remove fluid quickly. Medtronic has developed the Altitude Dry Suction Chest Drainage Unit to drain fluid from the chest using wall suction.

End-use Insights

Due to the large number of operations performed, hospitals held the largest market share at over 45.0% in 2020. Another important factor driving market growth is the global rise in ambulatory surgery centers. The market can be divided into three segments based on end-use: hospitals, ambulatory surgery centers, and clinics.

Because they provide customized services to patients, specialty clinics have seen tremendous growth. This has led to the expansion of the surgical drainage device market.

Application Insights

Due to an increase in cardiovascular disease prevalence, the largest percentage of thoracic and cardiac surgeries was 25.0%. According to the World Health Organization (WHO), cardiovascular diseases are the leading cause for death worldwide. In 2019, 17.9 million people died from these diseases. This has led to a demand for chest drainage systems that can efficiently and easily remove fluid from the chest.

The increasing number of cardiovascular surgeries has led to the adoption of surgical drainage devices specifically made for them. Teleflex Incorporated's Pleur-evac Chest Drainage system aids in fluid removal during thoracic or cardiovascular surgeries.

According to the American Academy of Neurology stroke and Alzheimer's disease are the leading causes of death in the United States. These statistics are alarming because neurological disorders are on the rise and often require surgery. This has led to an increase in the demand for drains after neurological surgeries.

In orthopedic surgery, drains are used to remove any kind of abscess. They also reduce the chance of infection by bacteria in the fluid buildup. Globally, there has been an increase in orthopedic trauma and musculoskeletal disorders. This market is forecast to experience a significant growth.

Regional Insights

North America held over 40% of the global revenue share in 2020. The market is growing due to increased R&D investments as well as supportive government initiatives aimed at reducing chronic diseases worldwide.

Asia Pacific is projected to grow at the fastest rate of CAGR over the forecast period, due to increased penetration of healthcare companies investing heavily in the region. The market is growing because of changes in healthcare reforms that allow for the commercialization new products.

In Asia Pacific countries like India, China and Japan, an increase in chronic diseases has been observed. This has added to the healthcare burden. This has led to an increase in the number of surgeries, which will inevitably accelerate the market's growth.

Market Share Insights & Key Companies

This market is highly fragmented due to the presence of large, small, and medium-sized players. Local players are challenging these leading players. The key strategies of the top companies to sustain sector growth include new product launches, mergers, acquisitions, partnerships and collaborations. Active surgical devices, which use vacuum and negative pressure to remove fluid and instigate healing of wounds, have been the focus of market development. The following are some of the major players in global surgical drainage device market:

• Acelity

• Teleflex Incorporated

• Cardinal Health

• Medtronic

• Cook Medical

• Stryker

Up Market Research published a new report titled “Surgical Drainage Devices Market research report which is segmented by Product (Active, Passive), by Application (Thoracic & Cardiovascular Surgeries, Orthopedics), By Players/Companies Cook Medical, Teleflex Incorporated, Medtronic, Cardinal Health, Acelity, Stryker”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Surgical Drainage Devices Market Report Segments:

The market is segmented by Product (Active, Passive), by Application (Thoracic & Cardiovascular Surgeries, Orthopedics).

Surgical Drainage Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Surgical Drainage Devices Market

Overview of the regional outlook of the Surgical Drainage Devices Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Surgical Drainage Devices Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Surgical Drainage Devices Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Active

                2. Passive

                1. Thoracic & Cardiovascular Surgeries

                2. Orthopedics

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Surgical Drainage Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Surgical Drainage Devices Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.