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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 2021-2029

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         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., 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.

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 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

Wound Drainage Market Regional Synopsis

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.

Wound Drainage Market

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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