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HEALTHCARE & PHARMACEUTICAL

Wound Drainage Market Segmentation by Product (Surgical drainage systems, Accessories, and Others); and by Application (General Surgery, Cardiac & Thoracic Surgery, Orthopaedics Surgery, Obstetric/Gynaecological Surgery, Others) – Global Demand Analysis and Opportunity Outlook 2020-2029

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Extensive insights into the Growth of Wound Drainage Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Wound Drainage Market Highlights 2020-2029

The wound drainage market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2020-2029. The growing number of surgeries and the increase in demand for surgical drains as they cater the urgent needs of the patient by assisting in the removing pus, blood among other fluids and the emergence of active and passive drains accelerate the surgical drains/wound drainage market growth. Additionally, the wide availability of numerous drainage tubes and systems in various shapes and sizes in accordance to different forms of surgeries positively affects the surgical drains/wound drainage market. According to the data collected from World Health Organisation, the estimated number of surgeries performed every year are around 330 million around the globe.

Global-Wound-Drainage-Market

The market is segmented based on product type into surgical drainage systems, accessories, and others, out of which, the surgical drainage  segment is anticipated to grab the largest share by the end of 2020 on account of increasing number of surgical operations globally. These devices evacuate fluid and prevent the build-up of air at the surgical site with the use of suction, usually vacuum or wall suction, thus is preferred by large number of surgeons and contributes to the growth of the market.

On the basis of application, the cardiothoracic segment in the global wound drainage treatment market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the increasing number of cardiothoracic surgeries and growing prevalence of chronic diseases such as cardiovascular diseases.

Wound Drainage Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The substantial demand for surgical drainage systems across North America can be attributable to the growing prevalence of acute and chronic wounds post-surgery and the rising number of surgical procedures of all types. The increased prevalence of chronic diseases such as cardiovascular disease, diabetes and others also contribute to the market. Meanwhile, Asia Pacific is predicted to rise at an impressive growth rate during the assessment period, driven by an increased geriatric population, rising demand of advanced wound drainage systems and improving healthcare facilities in the region. As per the analysis of Centres of Disease Control and Prevention, heart disease costs the United States about $219 billion each year from 2014 to 2015. This includes the cost of health care services, medicines, and lost productivity due to death.

Wound-Drainage-Market-Share

The global wound drainage market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global wound drainage market includes the following segments:

By Product

  • Surgical drainage systems
  • Accessories
  • Others

By Application

  • General surgery
  • Cardiac and thoracic surgery
  • Orthopedics surgery
  • Obstetric and gynecological surgery
  • Others

Growth Drivers

  • Increasing Number of Surgical Procedures
  • Increasing Prevalence of Chronic Diseases

Challenges

  • Risk Associated with Surgical Drains

Top Featured Companies Dominating the Market

  • B. Braun
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Cardinal Health Inc.
  • C. R. Bard (Becton, Dickson Co.)
  • ConvaTec Group Plc.
  • Ethicon (Johnson and Johnson)
  • Stryker Corporation
  • Romsons
  • Medtronic Plc.
  • Zimmer Biomet Holdings Plc.

 

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