A newly-released report by Future Market Insights shows that global sales of the Surgical Drainage Devices Market in 2021 were held at USD 1.3 Billion. With a CAGR of 7.7% from 2022 to 2032, the market is projected to reach a valuation of USD 2.9 Billion by 2032. Active Drainage Devices is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 7.8% from 2022 to 2032.
| Attributes | Details |
|---|---|
| Surgical Drainage Devices Market CAGR (2022 to 2032) | 7.7% |
| Surgical Drainage Devices Market Size (2022) | USD 1.4 Billion |
| Surgical Drainage Devices Market Size (2032) | USD 2.9 Billion |
| USA Market CAGR (2022 to 2032) | 8.0% |
| Key Companies Covered | Acelity; Teleflex Incorporated; Cardinal Health; Medtronic; Cook Medical; Johnson and Johnson; B. Braun Melsungen AG; Smith & Nephew plc; Stryker; Becton Dickinson; Centese |
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As per the Global Surgical Drainage Devices Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, the market value of the Surgical Drainage Devices Market increased at around 6.7% CAGR. With a forecast CAGR of 7.7% during the forecast period, the market is likely to gross an absolute dollar opportunity of USD 1.5 Billion.
The key revenue drivers which affected the Surgical Drainage Devices Market are the increase in the number of chronic diseases. According to WHO the total rise in chronic diseases in 2020 was 57% and it is anticipated to rise further in the forthcoming years.
Surgical drainage devices are tubes that are placed near surgical incisions in post-operative patients to remove pus, blood, or other fluid and keep it from accumulating in the body. Due to a rise in the number of diseases, the use of these devices is increased in, Hospitals, Ambulatory Surgical Centers, and Clinics.
Aceilty has developed a product named ABTHERA which uses negative pressure for the removal of fluid from the abdominal area of the body and also helps in protecting abdominal content from the outer atmosphere.
According to the report of WHO the world’s population above the age of 60 will be double by 2050. The increase in the aging population worldwide has increased the number of diseases like neurological disease, eye disease, and cardiovascular disease.
As a result, there is an increase in the number of surgeries worldwide. Globally 310 Million surgeries are performed in a year, and this number is expected to rise in the coming future. Increase in the number of surgeries also increases the need for these devices.
Another factor that has contributed to increasing the rate of surgeries is an increase in the consumption of alcohol and smoking. According to the report of WHO worldwide, the total consumption of alcohol accounts for 26% and smoking accounts for 22.3%, as a result, there is a rise in cancer-related surgeries. Mostly these surgeries need surgical drainage devices which fuel the growth of the surgical drainage devices market.
The rising trend for minimally invasive surgery in the world, as it has various advantages like increased accuracy, smaller and fewer incisions, less painful recovery, and a lower chance for infection. As surgical drainage devices are used in minimally invasive surgery, it drives the growth of the surgical drainage devices market.
Patients can have surgical operations at reduced costs and under close medical supervision. Due to the growth of medical tourism in countries like Brazil, India, Turkey, and Malaysia. People from the United States and Europe travel to these countries as the cost of surgeries in these countries is very less.
For example, the cost of a single Laparoscopy in India is USD 500 to USD 1,100 and while the same procedure in the United States cost around USD 5,000 to USD 10,000. This is further expected to boost the surgical drainage devices market growth in these countries.
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Surgical drains increase the possibility of bacterial infection as they provide a path for bacteria to enter the body. In the USA, surgical site infections occur in 30% of surgery patients and the key contributor to this infection is surgical drains. In breast reconstruction surgeries surgical site infection rates are reported to be 26% high.
If surgical drains are used then the chances of infection increase more than three times. These factors are restraining the growth of the global surgical drainage devices market.
North America is projected to remain the leading market for Surgical Drainage Devices. Chronic wounds mostly occur in the elderly population. In the United States, 3% population which is above 65 years of age is suffering from open wounds.
According to the USA Census Bureau's 2020 population estimates, more than 55 Million Americans are aged 65 or above in the country and as per an estimation, 2% of the total population of the United States is affected by chronic wounds. The rising cases of chronic wounds and open wounds in the region are directly influencing the demand for surgical drainage devices.
Another prominent factor increasing the demand for surgical drainage devices is an increase in the number of surgeries in the region. In Canada, annually more than 1 Million surgeries are performed. As the number of surgeries is on the rise the demand for surgical drainage devices is also increasing.
The total number of hospitals in North America is more than 7K and the governments in this region are investing significantly in the development of new healthcare facilities. Hence, due to the development of new healthcare facilities, the demand for surgical drainage devices is expected to rise in the region.
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The United States is expected to account for the highest market of USD 995.6 Million by the end of 2032. Also, the market in the country is projected to account for an absolute dollar growth of USD 530.5 Million. The value of the Surgical Drainage Devices Market in the United States increased at a CAGR of around 6.5% from 2017 to 2021 and is projected to grow at a CAGR of over 8% from 2022 to 2032.
There are several factors at play, such as the increase in the number of neurological medical procedures done, better awareness of available medical methods, the development of new medical facilities, and the existence of skilled medical professionals.
In the United States, every year over 40 Million surgeries are performed and the number is anticipated to increase in the forthcoming years. The Increased number of surgeries in the United States is increasing the usage of surgical drainage devices. As per the Centers for Medicare & Medicaid Services, spending on healthcare in the USA grew to 9.7% by 2020 which is helping the development of new healthcare facilities in the country. These factors are driving the growth of surgical drainage devices in the United States.
The surgical drainage devices market in the United Kingdom is expected to reach a valuation of 128 Million by 2032. The market is expected to register an absolute dollar opportunity of USD 65 Million from 2022 to 2032, growing at a CAGR of 7.4%.
In Japan, the surgical drainage devices market is likely to reach a valuation of USD 112 Million by 2032. Growing at a CAGR of 8.6% during the forecast period, the market is likely to gross an absolute dollar opportunity of USD 62.5 Million during the forecast period.
The surgical drainage devices market in South Korea is expected to garner an absolute dollar opportunity of USD 40 Million. Growing at a CAGR of 8.7%, the market is likely to reach USD 71.6 Million from 2022 to 2032.
Market revenue through Active drains is forecasted to grow at a CAGR of over 7.8% from 2022 to 2032. Active drains are systems used to collect fluid into reservoirs. These reservoirs minimize the exposure of hospital workers to contaminated fluid.
In order to remove fluid from a wound or body cavity, an active drain uses an artificial pressure gradient. According to the National library of medicine patients with active drains experienced delayed healing at a rate of 6% versus with 54% in those with passive drains.
Active drains play a key role in increasing the outcome of cardiothoracic surgeries, particularly in children. As a result, the use of active surgical drain devices has increased in a variety of end-users along with an increase in the prevalence of chronic diseases like arthritis and osteoporosis. This appears to be mainly driven by significant advancements in the medical devices industry.
Some of the key players in Surgical Drainage Devices include Acelity, Teleflex Incorporated, Cardinal Health, Medtronic, Cook Medical, Johnson and Johnson, B. Braun Melsungen AG, Smith & Nephew plc, Stryker, Becton Dickinson, Centese.
Some of the recent developments of key surgical drains devices providers are as follows:
Similarly, recent developments related to companies in Surgical Drainage Devices Market have been tracked by the team at Future Market Insights, which are available in the full report.
The global Surgical Drainage Devices Market is worth more than USD 1.4 Billion at present.
The value of the Surgical Drainage Devices Market is projected to increase at a CAGR of around 7.7% from 2022 to 2032.
The value of the Surgical Drainage Devices Market increased at a CAGR of around 6.5% from 2017 to 2021.
The demand for Surgical Drainage devices has increased tremendously. The global demand for Surgical Drainage Devices is being fueled by a considerable increase in the aging population and an increase in the number of surgeries.
The growth of the market for Surgical Drainage Devices in the USA is projected to expand at a CAGR of around 8.0% from 2022 to 2032.
The growth of the market for Surgical Drainage Devices in China is projected to expand at a CAGR of around 8.4% from 2022 to 2032.
While the market in South Korea is expected to grow at nearly 8.7%, the market in Japan is projected to register a CAGR of nearly 8.6% from 2022 to 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Active 5.2. Passive 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Thoracic and Cardiovascular Surgeries 6.2. Neurosurgical Procedures 6.3. Abdominal Surgery 6.4. Orthopedics 6.5. Other Applications 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-Use 7.1. Hospitals 7.2. Ambulatory Surgical Centers 7.3. Clinics 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East and Africa (MEA) 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Acelity 18.2. Teleflex Incorporated 18.3. Cardinal Health 18.4. Medtronic 18.5. Cook Medical 18.6. Johnson and Johnson 18.7. B. Braun Melsungen AG 18.8. Smith & Nephew plc 18.9. Stryker 18.10. Becton Dickinson 18.11. Centese 19. Assumptions & Acronyms Used 20. Research Methodology
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Surgical Drainage Devices Market
