October 7, 2024

Surgical Drainage Devices Market Size to Touch USD 5.05 Bn by 2033

The global surgical drainage devices market size accounted for  USD 2.71 billion in 2023 and is anticipated to attain around USD 5.05 billion by 2033, growing at a CAGR of 6.42% from 2024 to 2033.

Key Points

  • North America has contributed more than 41% of the market share in 2023.
  • Asia-Pacific is estimated to be the fastest-growing during the forecast period of 2024-2033.
  • By product type, the active drains segment has held a major market share of 81% in 2023.
  • By product type, the passive drains segment is the fastest-growing during the forecast period.
  • By application, the thoracic and cardiovascular surgeries segment has accounted for more than 25% of the market share in 2023.
  • By application, the neurosurgical procedures segment is the fastest-growing during the forecast period.
  • By end-user, the hospitals segment has generated more than 46% of the market share in 2023.
  • Based on the end-user, the ambulatory surgical center segment is the fastest-growing during the forecast period.

Surgical Drainage Devices Market Size 2024 to 2033

The surgical drainage devices market is a crucial segment within the broader healthcare industry, dedicated to providing effective solutions for managing post-operative drainage. These devices play a vital role in preventing complications such as hematoma, seroma, and infection by facilitating the removal of excess fluid and blood from surgical sites. The market encompasses a diverse range of products, including passive drains, active drains, and accessories, catering to various surgical specialties and patient needs.

Get a Sample: https://www.precedenceresearch.com/sample/3983

Growth Factors

Several factors drive the growth of the surgical drainage devices market. Firstly, the increasing prevalence of chronic diseases and the rising demand for surgical procedures contribute to the growing need for effective drainage solutions. Additionally, advancements in medical technology, such as the development of innovative drainage systems with enhanced features and functionality, stimulate market growth. Moreover, the aging population and the expansion of healthcare infrastructure in emerging economies further fuel market expansion, creating opportunities for manufacturers and suppliers.

Region Insights

The market for surgical drainage devices exhibits regional variations influenced by factors such as healthcare infrastructure, regulatory environment, and economic conditions. Developed regions like North America and Europe dominate the market, driven by high healthcare expenditure, favorable reimbursement policies, and a well-established healthcare system. In contrast, the Asia-Pacific region presents significant growth opportunities attributed to increasing healthcare investments, rising surgical volumes, and a growing patient population. Additionally, Latin America and the Middle East & Africa regions are witnessing gradual market growth, propelled by improving access to healthcare and rising awareness about surgical interventions.

Surgical Drainage Devices Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 6.42%
Global Market Size in 2023 USD 2.71 Billion
Global Market Size by 2033 USD 5.05 Billion
U.S. Market Size in 2023 USD 830 Million
U.S. Market Size by 2033 USD 1,550 Million
Base Year 20023
Forecast Period 2024 to 2033
Segments Covered By Product Types, By Applications, and By End-users
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Surgical Drainage Devices Market Dynamics

Drivers:

Several drivers propel the growth of the surgical drainage devices market. One of the primary drivers is the rising prevalence of chronic diseases, including cardiovascular disorders, cancer, and orthopedic conditions, which necessitate surgical interventions and post-operative drainage management. Furthermore, technological advancements such as the integration of vacuum-assisted closure (VAC) technology and the development of disposable drainage systems enhance the efficiency and effectiveness of drainage procedures, driving market demand. Additionally, increasing healthcare expenditure, growing surgical volumes, and expanding indications for surgical drainage devices contribute to market growth globally.

Opportunities

The surgical drainage devices market presents numerous opportunities for innovation and market expansion. With the growing adoption of minimally invasive surgical techniques, there is a rising demand for specialized drainage devices designed for laparoscopic, endoscopic, and robotic-assisted procedures. Moreover, the focus on patient-centric care and the emphasis on reducing healthcare-associated infections create opportunities for the development of advanced drainage systems with antimicrobial properties and improved safety profiles. Additionally, strategic collaborations, mergers, and acquisitions allow companies to expand their product portfolios and geographical presence, tapping into new markets and customer segments.

Challenges

Despite its growth prospects, the surgical drainage devices market faces several challenges. Stringent regulatory requirements, particularly in developed markets, pose barriers to market entry for smaller manufacturers and limit product innovation due to lengthy approval processes. Additionally, pricing pressures, reimbursement uncertainties, and healthcare budget constraints in certain regions hinder market growth and profitability. Moreover, concerns regarding the risk of complications associated with drainage devices, such as infection, tissue trauma, and blockage, necessitate ongoing research and development efforts to improve device safety and efficacy.

Read Also: Pet Insurance Market Size to Touch USD 18.26 Billion by 2033

Recent Developments

  • In October 2023, Haermonics, a MedTech company, launched Haermonics Pure, a medical device. The device is capable of self-flushing the chest cavity of patients who have undergone heart surgery. The device can prevent the second surgery that is needed for the drainage of pus residual blood and blood clots and prevent life-threatening complications.
  • In February 2023, Fujifilm launched an advanced endoscopic ultrasound machine. The machine will be able to provide enhanced diagnostic precision and image clarity. These features are useful in the management of Gallbladder drainage and bile duct drainage.

Surgical Drainage Devices Market Companies

  • Acelity
  • Cardinal Health
  • Cook Medical
  • Conva Tech Inc.
  • C. R. Bard, Inc.
  • Ethicon USA, LLC
  • Medtronic
  • Medline Industries Inc.
  • Stryker
  • Teleflex Incorporated
  • Zimmer Biomet

Segments Covered in the Report

By Product Types

  • Active Drains
    • Jackson-Pratt Drain
    • Hemovac Drain
    • Blake Drain
    • Negative Pressure Wound Therapy
    • Redivac Drain
    • EVD & Lumbar Drain
    • Chest Tube
    • Others
  • Passive Drains
    • Penrose Drain
    • Others

By Applications

  • Thoracic and Cardiovascular Surgeries
  • Neurosurgical Procedures
  • Abdominal Surgery
  • Orthopedics
  • Others

By End-users

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://www.expresswebwire.com/

Blog: https://www.uswebwire.com/

Blog: https://www.dailytechbulletin.com/

Blog: https://www.autoindustrybulletin.com/


Prathamesh

Leave a Reply

Your email address will not be published. Required fields are marked *