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Global Surgical Drainage Devices Market

Dec. 1, 2019

Global Surgical Drainage Devices Market, By Product Type (Active Drainage Devices, Passive Drainage Devices), By Application (Neurosurgery procedures, Cardiothoracic surgeries, Abdominal surgery, Orthopedics, and Others), By End-user (Clinics, Ambulatory Surgical Centers, and Hospitals), By Region (North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa) - Global Forecast, 2020-2025.

Report Code :FMR299      
Industry : Medical Devices
Pages :205 Pages
Format :   PPT Format   PDF Format

The global surgical drainage devices market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020 and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of 5.4% during the forecast period (2020-2025). The rising prevalence of chronic diseases has led to an increase in demand for the surgical drainage devices. For instance, according to the WHO, deaths due to chronic diseases contributed to 56 million deaths (60%) in 2001 and is expected to increase by 57% in 2020. This factor may bring good growth opportunities for the surgical drainage devices market during the forecast period. Another factor that contributes to growth is the increase in smoking and alcohol consumption, which has led to the rise in cancer-related surgery. The majority of these surgeries involve the use of these devices to effectively remove fluid and air accumulation at the surgical site

Table 1. Global Surgical Drainage Devices Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Product Type)

Active Drainage Devices, Passive Drainage Devices

Market Segmentation (By Application)

Neurosurgery procedures, Cardiothoracic surgeries, Abdominal surgery, Orthopedics, and Others

Market Segmentation (By End-user)

Clinics, Ambulatory Surgical Centers, and Hospitals

Regions Covered

North America, Latin America, Europe, Asia-Pacific, Middle East & Africa,

Key Players Coverage

Medtronic; Cook Medical; Acelity; Teleflex Incorporated; Cardinal Health; C.R. Bard Ethicon, Inc., Braun Melsungen, Medela AG Stryker Corporation, among others

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

The increasing number of diseases requiring surgical intervention are escalating leading to increase in demand of surgical drainage devices in hospitals, clinics and outpatient surgical centers. Drainage devices are used in cardio thorax surgery, neurosurgical procedures, orthopedic surgery, and abdominal surgery. The global increase in musculoskeletal diseases, arthritis, and osteoporosis has led to an increase in the number of surgeries performed, which has also led to an increase in the use of these devices. For instance, in 2017, according to the WHO, musculoskeletal conditions were the highest contributor to global disability (accounted for 16% of people of life with disability).  Nevertheless, rise in complications caused due to drainage devices may impede the market growth.

Figure 1. PORTER’S Analysis

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

North America is expected to dominate the surgical drainage devices market during the forecast period. Growing R&D activities and policy funding programs aimed at minimizing chronic diseases globally can be linked to market growth. For instance, in March 2020, according to Multidisciplinary Digital Publishing Institute (MDPI), a study on monitoring the working states of drainage tubes based on the principle of capacitance sensing was carried out. Additionally, the region of Latin America has also seen an increase in the prevalence of chronic diseases. Moreover, Asia-Pacific is expected to have the highest CAGR during the forecast period. Increasing penetration of healthcare firms which invest heavily in this region is expected to support the demand for surgical drainage devices. For instance, according to global health intelligence, Asia is the largest market of medical devices. Between 2010 and 2016, total hospitals in China increased by 7,666 to total 28,584, which in turn, is expected to drive the demand for surgical drainage devices.  

Figure 2. Regional Analysis

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

Competitve Landscape

The major players in global surgical drainage devices market include: Medtronic; Cook Medical; Acelity; Teleflex Incorporated; Cardinal Health; C.R. Bard Ethicon, Inc., Braun Melsungen, Medela AG Stryker Corporation, among others. The market is fragmented with the many small and medium scale players. Further, majority of the players are focusing on launch of new products. For example, in August 2019, New World Medical, Inc. introduced Ahmed ClearPath glaucoma drainage device in collaboration with glaucoma surgeons.

Figure 3. Market Share of Key Players, 2019

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

By Product type

  • Active Drainage Devices
  • Passive Drainage Devices

By Application

  • Neurosurgery Procedures
  • Cardiothoracic Surgeries
  • Abdominal Surgery
  • Orthopedics
  • Others

By End User

  • Clinics
  • Ambulatory Surgical Centers
  • Hospitals

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
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Note: This report provides an in-depth analysis of the global surgical drainage devices market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global surgical drainage devices market?
  • What key factors are expected to increase the demand for the surgical drainage devices market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global surgical drainage devices market?
  • What is the total market value (US$ Mn) generated in the global surgical drainage devices market by product type in 2019 and what are the forecasts by 2025?
  • Which application is expected to foster the surgical drainage devices market growth?
  • Which end-user is expected to dominate the surgical drainage devices market in the coming years?
  • What was the total revenue generated by the global surgical drainage devices market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the global surgical drainage devices market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the surgical drainage devices market?
  • What are the major outcomes derived from Porter’s five forces?
  • What new products are going to be approved or launched in the coming years which may have a huge impact on the market?
  • What insights are derived through the analysis of key players on the following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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