Global Surgical Drainage Devices Market is valued approximately USD 3.00 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.90 % over the forecast period 2020-2027. Surgical drainage devices consist of a soft pliable tube which are used to remove blood, pus and fluid from the wound, preventing it from accumulating in the body. Also, these devices are inserted into the body parts after the surgery to drain body fluids and helps to eliminate the dead space and prevent the surgery area from infection. Further, the growth of the market is attributed owing to the need to curb healthcare expenditure, benefits associated with surgical drain devices. Also, the key players are focusing on strategies such as product launch, innovation and merger & acquisition to sustain themselves amidst fierce competition.
In addition, growing adoption of minimally invasive procedures owing to the various benefits such as less pain, smaller incisions and fewer complications would create lucrative growth aspects for the market during the forecast period of 2020-2027.
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As per the International Society of Aesthetic Plastic Surgery (ISAPS), when compared to invasive surgical procedures, non-invasive and minimally invasive procedures offer more subtle results. United States registered highest number of non-surgical procedures performed over yeas. As per the ISAPS organization, worldwide 12,659,147 number of non-surgical cosmetic procedures were performed in 2018 up from 11,674, 754 in 2016.
Further, the United States signify leading position in the non-surgical cosmetic procedures and the number of non-invasive cosmetic procedures in the United States increased from 2.7million procedures in 2016 to about 2.8 million in 2018. In 2018, the United States represent highest number (22%) of total non-surgical cosmetic procedures performed worldwide, followed by Brazil (6.7%) and Mexico (5%). However, complications caused by drainage devices is hampering the growth of the market during the forecast period of 2020-2027.
The regional analysis of global Surgical Drainage Devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region owing to the supportive government initiatives and increasing R&D investments directed toward the reduction of chronic diseases. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Acelity L.P Inc
Teleflex Incorporated
Cardinal Health
Medtronic PLC
Cook Medical
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Stryker Corporation
C.R. Bard
Ethicon, Inc.
B. Braun Melsungen
Medela A G
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Active Drainage
Passive Drainage
By Application:
Hospitals
Ambulatory surgical centres
Clinics
By Region:
North America
U.S.
Canada
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Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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