The surgical drainage device market was valued at USD 1.15 billion in 2020, and it is expected to grow at a CAGR of 7.8% from 2023 to 2032. A significant market decline was observed in 2020 as a consequence of the ongoing COVID-19 pandemic. The COVID-19 virus has had a negative impact on the industry. This is due to the delays in a number of planned surgical procedures. The risk of the COVID-19 virus spreading in the hospitals where these operations are performed is very significant. Additionally, cleaning the operating area has become a concern due to the ongoing pandemic. Any problem with the planned surgeries could increase the rate of readmission and lengthen the patient’s stay in the hospital, which would place additional strain on their ability to pay out-of-pocket. Additionally, it is expected that the operating room environment’s increased risk of infection among surgeons will limit market growth. However, it is anticipated that during the predicted period, the effects of the pandemic will be lessened by recommendations made especially for each specialty to deliver safe and efficient surgical treatment.
Due to the anticipated global rise in the prevalence of chronic diseases, there will most likely be a huge demand for surgical drainage devices in the post-pandemic period. An rise in surgeries may also fuel market growth due to the expanding use of these devices in various applications. Another factor driving the growth is an increase in the consumption of alcohol and tobacco, which has increased the number of surgeries linked to cancer. The majority of these procedures employ these tools to efficiently remove fluid and air buildup from the surgical site.
More than 75.0% of the total in 2020 was made up by active surgery drainage devices. These devices remove fluid and prevent the buildup of air at the surgical site by using suction, usually vacuum or wall suction. Active surgical drainage devices frequently employ negative pressure therapy to remove fluid from the surgery site.
The market report on surgical drainage devices is the ideal starting point for those seeking a thorough examination and analysis of the industry. The study aims to provide useful insights on global market growth forecasts based on historical growth analysis and the current market environment. The verified information in the report is based on results from in-depth primary and secondary research. Data insights are excellent tools for facilitating a deeper grasp of many facets of the global market for surgical drainage devices. This aids users’ developmental approach even more.
This report examines all the key factors influencing growth of global Surgical Drainage Devices market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
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Market Segmentations:
Global Surgical Drainage Devices Market: Major Players
Teleflex Incorporated
Stryker Corporation
R. Bard
Cardinal Health
Smith & Nephew plc.
Cook Medical
Acelity L.P Inc
Medela A G
Johnson & Johnson
Medtronic plc
Global Surgical Drainage Devices Market: Types
HVD
LVD
GD
Global Surgical Drainage Devices Market: Applications
Hospitals
Ambulatory surgical centers
Clinics
Global Surgical Drainage Devices Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Surgical Drainage Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Product Insights
Goods on the market are adaptable and can be used for a variety of purposes. Penrose drains, for example, come in a variety of materials, sizes, and shapes, making them suitable for use in a variety of uses. One of the leading companies in the surgical draining market, Cardinal Health, offers a wide range of Penrose drains that can be used in many different situations.
Depending on the kind of surgery being done, the surgeon selects the drain. Since active sewers are sealed off from the environment, bacteria cannot flourish there. They are skilled at effectively removing fluid from the incision and keeping it dry. For instance, Medtronic created the Altitude Dry Suction Chest Drainage Unit, a tool that uses wall suction to remove accumulated fluid during thoracic and cardiovascular operations.
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An Overview of the Impact of COVID-19 on Market: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Frequently Asked Questions About This Report
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