Surgical Drainage Devices Market Report 2022-2027: Product Launches, Collaborations, Increasing Geriatric Population Fueling Growth - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 19, 2022--
The “Surgical Drainage Devices Market Insights, Competitive Landscape and Market Forecast - 2027” report has been added to ResearchAndMarkets.com’s offering.
Rising number of surgical procedures, growing geriatric population and the increasing number of product development activities.
The global surgical drainage devices market was valued at USD 1.85 billion in 2021 and is estimated to grow at a CAGR of 5.67% during the forecast period (2022-2027) to reach USD 2.57 billion by 2027.
The surgical drainage devices market is slated to witness prosperity owing to factors such as the rising number of surgical procedures, growing geriatric population globally, increasing product approvals and launches of surgical drainage devices, resulting in appreciable revenue growth of the surgical drainage devices market during the forecast period (2022-2027).
SURGICAL DRAINAGE DEVICES MARKET DYNAMICS:
One of the noteworthy drivers of the surgical drainage devices market is the rising prevalence of surgical procedures owing to various reasons such as the rise in cosmetic surgeries, caesarean sections, road accidents, injuries and others during the forecast period.
For example, according to the International Society of Aesthetic Plastic Surgery (ISAPS) (2021) data, cosmetic surgical procedures such as breast augmentation and abdominoplasty accounted for 16% and 7.6% of all the cosmetic procedures worldwide in 2020. Procedures such as abdominoplasties and breast augmentation result in plasma fluid build-up that need drainage devices for the removal of plasma. The drains also help in the omission of extra fluid build-up and blood around the implant after surgery.
Additionally, according to the Eurostat article 2022, there were 1.16 million caesarean sections performed in 2018 in Europe. The benefit of using surgical drains in case of caesarean sections is that any blood or serious fluid that may build up in the subcutaneous area could be removed, preventing the development of infection or post-operative pain. Owing to its wide applicability in post-surgery management, the demand for surgical drainage devices is expected to grow in the upcoming years.
Another major driver pertaining to the surgical drainage devices market is the development of innovative surgical drainage devices. For instance, in August 2019, New World Medical, Inc., a privately held ophthalmic company announced the launch of the Ahmed ClearPath glaucoma drainage device featuring a flexible plate with a contour that closely conforms to the curvature of the eye.
However, the risks associated with surgical drains and increase in the number of minimally invasive procedures as possible alternatives may act as restraining factors for the surgical drainage devices market growth.
The surgical drainage devices market reported a short period of restraint in market growth due to the implementation of lockdown as necessary measures to prevent the spread of COVID-19 infection. The situation led to the cancellation of several surgeries in order to manage and reserve the resources. For instance, as per the British Journal of Surgery Report (2020), in May 2020, around 48,728 surgical procedures were cancelled in India per week, which is estimated for around 585,000 surgical procedures for 12 weeks. However, with masses being vaccinated and with the resumption of activities across industries including the healthcare sector, it has been uplifting for the surgical drainage devices market during the forecast period from 2022-2027.
KEY TAKEAWAYS FROM THE SURGICAL DRAINAGE DEVICES MARKET REPORT STUDY
- Market size analysis for current surgical drainage devices market size (2021), and market forecast for 5 years (2022-2027)
- The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the surgical drainage devices market.
- Top key product/services/technology developments, mergers, acquisitions, partnerships, joint ventures happened for last 3 years
- Key companies dominating the global surgical drainage devices market.
- Various opportunities available for the other competitor in the surgical drainage devices market space.
- What are the top performing segments in 2021? How these segments will perform in 2027.
- Which are the top-performing regions and countries in the current surgical drainage devices market scenario?
- Which are the regions and countries where companies should have concentrated on opportunities for surgical drainage devices market growth in the coming future?
Key Topics Covered:
1. Surgical drainage devices market Report Introduction
2. Surgical drainage devices Executive Summary
2.1 Scope of the Study
2.2 Market at Glance
2.3 Competitive Assessment
3. Regulatory Analysis
3.1 The United States
4. Surgical drainage devices market Key Factors Analysis
4.1 Surgical drainage devices market Drivers
4.1.1 Rising number of surgical procedures globally
4.1.2 Increasing geriatric population
4.1.3 Product development activities like product launches, collaborations among key players, and others
4.2 Surgical drainage devices market Restraints and Challenges
4.2.1 Risks associated with the use of surgical drainage devices
4.2.2 Increase in the number of minimally invasive procedures
4.3 Surgical drainage devices market Opportunities
4.3.1 Growing preference for drainage devices to reduce the chances of infection and promote speedy recovery
4.3.2 Technological advancements in surgical drainage devices
5. Surgical drainage devices market Porter’s Five Forces Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Consumers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry
6. COVID-19 Impact Analysis on Surgical drainage devices market
7. Surgical drainage devices market Layout
7.1 By Type
18.104.22.168 Jackson-Pratt Drains
22.214.171.124 Hemovac Drains
126.96.36.199 Blake Drains
188.8.131.52 Negative Pressure Wound Therapy
184.108.40.206 Penrose Drains
7.2 By Application
7.2.1 General Surgery
7.2.2 Cardiovascular and Thoracic Surgery
7.2.3 Obstetric/Gynecological Surgery
7.2.4 Orthopedic Surgery
7.3 By End-user
7.3.2 Ambulatory Surgery Centers
7.4 By Geography
8. Surgical drainage devices Market Global Company Share Analysis - Key 3-5 Companies
9. Surgical drainage devices Market Company and Product Profiles
- Cardinal Health Inc.
- Zimmer Biomet
- B.Braun Melsungen AG
- Cook Medical
- Acelity I.P Inc.
- Ethicon, Inc.
- Medela AG
- ConvaTec Group Plc.
- Romsons Group Private Ltd.
- Redax S.P.A
- Medline Industries Inc.
- Medtronic Plc.
- Poly Medicure
- Global Medikit
- Degania Silicone
- Stryker Corporation
- Teleflex Incorporated
- Smith & Nephew plc
For more information about this report visit https://www.researchandmarkets.com/r/b7gqwk
View source version on businesswire.com:https://www.businesswire.com/news/home/20221219005721/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: HEALTH SURGERY MEDICAL SUPPLIES MEDICAL DEVICES
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/19/2022 01:48 PM/DISC: 12/19/2022 01:48 PM