The medical and surgical drainage system global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Medical And Surgical Drainage System Market, 2024 The medical and surgical drainage system global market report 2024
Market Size –
The medical and surgical drainage system market size has grown steadily in recent years. It will grow from $2.36 billion in 2023 to $2.46 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to the increased use of these devices in numerous applications, the number of surgeries increases the routine use of reusable equipment near patients, to remove fluid and prevent air accumulation at the surgical site.
The medical and surgical drainage system market size is expected to see steady growth in the next few years. It will grow to $2.91 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to the increasing volume of surgical procedures, evolving healthcare needs, the prevalence of chronic diseases, procedures for gastrointestinal and gynecological surgeries, and the rising penetration of healthcare businesses’ spending. Major trends in the forecast period include technological advancements in the medical and surgical drainage systems, innovations in traditional drainage systems, high-performance solutions, reduced risk of complications, and the development of high-performance pumps.
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Scope Of Medical And Surgical Drainage System Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Medical And Surgical Drainage System Market Overview
Market Drivers –
The increasing volume of surgical procedures is expected to significantly boost the growth of the medical and surgical drainage system market in the near future. The rise in surgical procedures is attributed to an aging population, the growing prevalence of chronic diseases, and advancements in medical technology. Medical and surgical drainage systems play a crucial role in effectively removing excess fluids, blood, and pus from surgical sites to prevent infection, reduce swelling, and promote healing. For instance, the Government of British Columbia reported in May 2024 that there were 365,825 surgeries completed, including both scheduled and unscheduled procedures. This number includes 284,844 scheduled surgeries, representing an increase of 24,380 compared to the same timeframe in 2019-20. Additionally, the total number of surgeries in 2023 exceeded the previous year’s total by 14,939. Therefore, the increasing volume of surgical procedures is driving growth in the medical and surgical drainage system market.
Market Trends –
Major companies operating in the medical and surgical drainage system market are focusing on developing innovative products, such as drainage catheters, to treat patients with less invasive techniques to drain fluid. The catheter is intended to provide an effective and less invasive option for patients requiring fluid drainage procedures. For instance, in August 2021, Argon Medical Devices Inc., a US-based manufacturer of specialty medical products, launched the Skater Mini-Loop, which is a drainage catheter designed for minimally invasive drainage of fluid collections, such as abscesses or seromas, in the body. It features a small, looped tip that can be inserted through a small incision to drain fluid while minimizing tissue damage.
The medical and surgical drainage system market covered in this report is segmented –
1) By Product Type: Drainage Systems, Accessories
2) By Material Type: Silastic, Rubber, Other Materials
3) By Flow Type: Active, Passive
4) By Application: Cardiac And Thoracic Surgery, Abdominal, Orthopedic, Other Surgeries
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Regional Insights –
Asia-Pacific was the largest region in the medical and surgical drainage systems market in 2023. The regions covered in the medical and surgical drainage system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are McKesson Medical-Surgical Inc., Cardinal Health Inc., Johnson & Johnson, Medtronic plc, Becton, Dickinson, and Company, Stryker Corporation, Medline Industries LP, Zimmer Biomet Holdings Inc., Olympus Corporation, Smith & Nephew plc, Braun SE, Cook Medical, Teleflex Incorporated, ConvaTec Group, Medela AG, Vygon SA, Poly Medicure Limited, Redax S.p.A., Hangzhou Fushan Medical Appliances Co. Ltd., Ningbo Luke Medical Co. Ltd., Centese Inc.
Table of Contents
1. Executive Summary
2. Medical And Surgical Drainage System Market Report Structure
3. Medical And Surgical Drainage System Market Trends And Strategies
4. Medical And Surgical Drainage System Market – Macro Economic Scenario
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