The wound drainage market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. 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 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 wound drainage market. According to the data collected from World Health Organization, the estimated number of surgeries performed every year are around 330 million around the globe.
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 2021 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 cardiac and thoracic segment in the global wound drainage 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 cardiac and thoracic surgeries and growing prevalence of chronic diseases such as cardiovascular diseases. CLICK TO DOWNLOAD SAMPLE REPORT
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. North America is expected to gather the largest market share over the forecast period. 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 Centers 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.
The global wound drainage market is further classified on the basis of region as follows:
Our in-depth analysis of the global wound drainage market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Increasing number of surgical procedures and increasing prevalence of chronic diseases are the key factors driving market growth.
The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2020-2029.
Risk associated with surgical drains regions are estimated to hamper market growth.
The market in Asia Pacific region will provide ample growth opportunities owing to the increased geriatric population, rising demand of advanced wound drainage systems and improving healthcare facilities in the region.
The major players dominating the wound drainage market are B. Braun, Cardinal Health, C. R. Bard (Becton, Dickson Co.), Zimmer Biomet, among others.
The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by product, application and region.
With respect to application, the cardiac and thoracic surgery segment is anticipated to hold the largest market share owing increasing number of cardiothoracic surgeries and growing prevalence of chronic diseases such as cardiovascular diseases.
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