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Surgical Drainage Devices Market Key Players, Shares, Types, Manufacturers, Industry Analysis, Growth, Trends, Drivers, Challenges to 2022-2030

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The global surgical drainage devices market  for the historical period 2017–2018 and forecast period 2019–2027, aging population, increasing number of surgeries, increase in incidences of target diseases are projected to drive the global surgical drainage devices market  during the forecast period

According to the report, the global surgical drainage devices market  was valued at US$ 2.9 Bn in 2018 and is anticipated to expand at a CAGR of 3.9% from 2019 to 2030

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Aging Population: Key Drivers

The rapid growth in aging population leads to diseases such as eye disease, cardiovascular disease, neurological disorders etc., which has increased the number of surgeries globally.

According to The American Geriatrics Society, Adults age 65 and older are the fastest growing segment of the United States population, and their number is expected to double to 89 million people between 2010 and 2050. Based on these evolving demographics, it is expected that there will be a concurrent rise in the demand for a variety of surgical services, including vascular surgery, with a projected growth of 31% and general surgery, with a projected growth of 18%.

Increasing number of surgeries boost market growth

The growing adoption of minimally invasive procedures is increasing, due to several advantages, such as smaller incisions, less pain and scarring, fewer complications, shorter hospital stays, faster recoveries. For example, cataract surgery is performed through minimally invasive surgery.

The population is expanding and aging. According to the US Census Bureau, the domestic population will increase 7.9% by 2010, and 17.0% by 2020. The fastest growing segment of this population consists of individuals over the age of 65; their numbers are expected to increase 13.3% by 2010 and 53.2% by 2020.

Lack of clinical knowledge and expertise to hamper market

In-depth Clinical knowledge is important for successful and effective surgery. Lack of knowledge and expertise leads to several complications. For instance, little knowledge about the placement of surgical drainage device may develop the risk of leak between the drain tube and the operation site. In addition, misplacement may generate the threat of wound infection.

Global Surgical drainage devices market: Competitive Landscape

This report profiles major players in the global surgical drainage devices market  based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments

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The global surgical drainage devices market  is highly fragmented, with the presence of a number of international as well as regional players

Leading players operating in the global surgical drainage devices market are

  • B. Braun Melsungen AG
  • BD
  • Cook Medical
  • Medtronic
  • Teleflex Incorporated
  • Stryker
  • Johnson and Johnson
  • Cardinal Health
  • Cardinal Health
  • REDAX
  • Smith & Nephew plc
  • Acelity L.P. Inc
  • Integra LifeSciences and Medela AG among others.

Global Surgical drainage devices market: Key Developments

Key players in the global surgical drainage devices market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global surgical drainage devices market. A few expansion strategies adopted by players operating in the global surgical drainage devices market are:

In 2015, the company invested US$1,146.0 Mn (previous year: US$ 1,409.9 Mn) in expansion of production capacities as well as in research and development of new products and processes. It invested US$ 378.4 Mn in 2017 and US$ 307.0 Mn in 2016.

To become a market leader in surgical drainage devices market in December 2017, BD acquired Bard and its active and passive drains for cardio thoracic and abdominal surgery. The acquisition helped BD extend its surgical drainage device portfolio and become a market leader with an approximate revenue of US$ 16,000 Mn (second quarter of 2017-2018 annual cycle of BD)

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In January 2017, BD received FDA approval for extended application of Pleur X catheter. According to the company spokesperson, the new generation of Pleur X catheter is ready for use at home.

The report on the global surgical drainage devices market discussed individual strategies, followed by company profiles of manufacturers of surgical drainage devices. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global surgical drainage devices market.

Key Questions Answered in Global Surgical Drainage Devices Market Report

  • What is the scope of growth of product companies in the Global Surgical Drainage Devices Market?
  • What will be the Y-o-Y growth of the global Surgical Drainage Devices Market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the Global Surgical Drainage Devices Market?
  • Will North America continue to be the most profitable market for Surgical Drainage Devices providers?
  • Which factors are anticipated to hamper the growth of the global Surgical Drainage Devices Market during the forecast period?
  • Which are the leading companies in the Global Surgical Drainage Devices Market?

Global Surgical Drainage Devices Market – Segmentation

Product Type

  • Active Drainage
  • Passive Drainage

Application

  • General Surgery
  • Neurosurgery
  • Obsterics/Gynecology
  • Orthopedics
  • Plastic/Reconstructive Surgery
  • Thoracic and Cardiovascular

End User

  • Hospitals
  • Independent Clinics
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

 1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Surgical Drainage Devices Market

4. Market Overview

4.1. Introduction

4.1.1. Product Type Definition

4.1.2. Industry Evolution / Developments

4.2. Overview

4.3. Market Dynamics

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Opportunities

4.4. Global Surgical Drainage Devices Market Analysis and Forecast, 2017–2027

4.4.1. Market Revenue Projections (US$ Mn)

5. Key Insights

5.1. Recent Major Industry Events Related to Surgical Drainage Devices Market

5.2. New Technologies and Patents

6. Global Surgical Drainage Devices Market Analysis and Forecast, by Product Type

6.1. Introduction & Definition

6.1.1. Key Findings / Developments

6.2. Global Surgical Drainage Devices Market Value Forecast, by Product Type, 2017–2027

6.2.1.  Active Drainage

6.2.2.  Passive Drainage

6.3. Global Surgical Drainage Devices Market Attractiveness, by Product Type

7. Global Surgical Drainage Devices Market Analysis and Forecast, By Application

7.1. Introduction & Definition

7.1.1. Key Findings / Developments

7.2. Global Surgical Drainage Devices Market Value Forecast, By Application, 2017–2027

7.2.1.  General Surgery

7.2.2. Neurosurgery

7.2.3. Obsterics/Gynecology

7.2.4. Orthopedics

7.2.5. Plastic/Reconstructive Surgery

7.2.6. Thoracic and Cardiovascular

7.3. Global Surgical Drainage Devices Market Attractiveness, By Application

8. Global Surgical Drainage Devices Market Analysis and Forecast, By End User

…….

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