Industry Background:
Surgical Drains/Wound Drainage is a system that removes unwanted fluids from the surgical wound. These systems are mainly used by surgeons. It contains a suction device or a negative pressure system that helps remove fluid from the patient's body. The complexity is associated with surgical outflows and the increasing use of minimally invasive surgery is expected to hamper the market growth. A wound drainage / surgical drainage system can be used to remove pus, blood, or other fluids from the wound. It assists in the inaccurate record of drainage volume to monitor excessive bleeding conditions. Wound drainage / surgical drainage has a protective bandage that must be changed daily. Drains can be connected to the wall suction or a portable suction device, or they can be drained naturally.
According to AMA Research, the market for Surgical Drains/Wound Drainage is expected to register a CAGR of 3.2% during the forecast period to 2027. This growth is primarily driven by Increasing Numbers of Surgical Procedures Requiring the Need for Surgical Drains/Wound Drainage
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | Value (USD Million) |
Key Companies in Study | B. Braun (Germany), Cardinal Health (United States), ConvaTec Group (United Kingdom), C.R. Bard (United States), Redax S.p.A. (Italy), ClearFlow, Inc. (United States), Ethicon, Inc. (United States), Stryker Corporation (United States), Romsons Group (India), Medtronic (Ireland), Medline Industries (United States) and Cook Group (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as B. Braun (Germany), Cardinal Health (United States), ConvaTec Group (United Kingdom), C.R. Bard (United States), Redax S.p.A. (Italy), ClearFlow, Inc. (United States), Ethicon, Inc. (United States), Stryker Corporation (United States), Romsons Group (India), Medtronic (Ireland), Medline Industries (United States) and Cook Group (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2020, SOMAVAC Medical Solutions, Inc. announced the launch of the SOMAVAC SVS and a partnership with A Fitting Place. SOMAVAC is the manufacturer of a closed suction, post-surgery drain pump. The SOMAVAC SVS is a low-profile, user-friendly, wearable medical device that applies continuous suction at the end of a surgical drain to remove fluid effectively and reduce the risk of seroma or hematoma.
In May 2020, Zimmer Biomet acquired A&E Medical and a full portfolio of sternum sutures, including sternal sutures, cable systems and rigid anchors, as well as a variety of free disposable temporary pacing wires and surgical punch products. and ClearFlow, Inc., a US-based medical device company, which develops or manufactures active wound drainage system for draining out blood and fluid, announced in June 2017, that it received United States Food & Drug Administration’s (FDA’s) clearance for its proprietary active clearance technology, aimed for preventing or reducing chest drains from clot occlusion in adults as well as children after cardiac surgeries.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Market Drivers
- Increasing Numbers of Surgical Procedures Requiring the Need for Surgical Drains/Wound Drainage
- Rising Prevalence of Chronic Wound throughout the Globe
- The Rising Awareness about the Systems and Their Requirements in Unavoidable Procedures
- The Rising Number of Cancer-Related Surgeries
Market Trend
- Increasing In Various End-User Settings
- Availability of Favorable Reimbursement Scenario in Developed Economies
- Increasing Acceptance in a Variety of Surgical Procedures
Restraints
- Rising Adoption and Prevalence of Minimally Invasive Surgeries
Opportunities
Increase in Neurological Disorders That Often Require Surgical Intervention upon Diagnosis, Increasing R&D Investments and Various Supportive Government Initiatives Directed Toward the Reduction of Chronic Diseases and Technological Advancements in the Medical Devices Market
Challenges
Complications Associated With the Usage and Increasing Chances of Infection
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Surgical Drains/Wound Drainage Study Sheds Light on
The Surgical Drains/Wound Drainage Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Surgical Drains/Wound Drainage industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Surgical Drains/Wound Drainage industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.