Global Medical and Surgical Drainage System Market

MARKET SCOPE:

The global Medical and Surgical Drainage System market is projected to grow significantly, registering a CAGR of 6.2% during the forecast period (2024 – 2032).

Surgical drains are utilized to extract fluid and/or gas from a wound or body cavity. Positioned in proximity to surgical incisions in patients’ post-surgery, these tubes facilitate the removal of pus, blood, or other bodily fluids. Operating as active drains, they maintain a negative pressure gradient, contributing to the healing process by eliminating inflammatory mediators, bacteria, foreign particles, and necrotic tissue. The escalating prevalence of chronic diseases, coupled with a surge in cardiovascular and cancer-related surgeries, has amplified the demand for surgical drains.

MARKET OVERVIEW:

Driver: Manufacturers' focus on producing advanced and innovative tubes is driving the market growth.

The expansion of the geriatric demographic, advancements in surgical drain technology, and manufacturers' dedication to producing cutting-edge and inventive tubes constitute the principal factors propelling the growth of the surgical drains market. The escalating number of surgical procedures will augment the demand for surgical drains, essential for effective post-operative recovery. The prevalence of chronic diseases on a global scale will further contribute to the expansion of the surgical drains market. Additionally, environmental shifts, including heightened air, water, and light pollution, coupled with rising global temperatures, have played a role in the increased global disease burden. Unhealthy dietary practices, sedentary lifestyles, and a lack of physical activity have also contributed to the rise in the incidence of cardiovascular and pulmonary disorders.

Opportunities: Rising Global Healthcare Expenditure is the creating opportunity for Medical and Surgical Drainage System market growth in the upcoming years.

The Medical and Surgical Drainage System Market stands to benefit from ongoing advancements in medical technology, marked by the incorporation of smart sensors, enhanced remote monitoring capabilities, and the utilization of improved materials within drainage systems. This trajectory presents a promising landscape for innovation within the sector. Additionally, the market is poised to capitalize on the escalating global healthcare expenditure, fueled by a heightened emphasis on healthcare infrastructure development and an overall increase in healthcare spending worldwide. The growing geriatric population, more susceptible to various medical conditions necessitating surgical interventions, further contributes to the demand for sophisticated medical and surgical drainage systems. Furthermore, the continual rise in the number of surgical procedures, particularly in fields such as orthopedics, cardiovascular interventions, and oncology, indicates a heightened requirement for advanced drainage systems. As opportunities for global expansion unfold, market players may find strategic avenues for growth by establishing a presence in emerging markets where healthcare infrastructure is undergoing development, aligning with the surging demand for innovative medical devices.

COVID IMPACT:

During the pandemic, disruptions in the supply chain were likely, impacting the production and distribution of medical and surgical drainage systems. Non-urgent surgical procedures experienced postponements or delays, directly affecting the immediate demand for related medical devices. Hospitals and healthcare facilities redirected their attention toward critical care devices, leading to a prioritization of resources that potentially influenced the demand for specific medical devices. The increased adoption of telehealth services during the pandemic might have influenced the development of drainage systems with remote monitoring capabilities. Changes in regulatory policies and procedures related to medical devices in response to the pandemic were observed, potentially impacting market dynamics.

SEGMENTATION ANALYSIS:

Application segment is expected to have a high penetration in cargo ships during the forecast period

The Cardiac and Thoracic Surgery segment in the Global Medical and Surgical Drainage System Market pertains to the application of drainage systems in surgical procedures related to the heart (cardiac) and the thoracic region, which includes the chest and its internal organs. This segment is crucial in addressing the drainage needs arising from cardiac surgeries, such as coronary artery bypass grafting (CABG) and heart valve replacement, as well as thoracic surgeries, including procedures related to the lungs and chest cavity. In cardiac surgeries, drainage systems are employed to manage postoperative bleeding and fluid accumulation around the heart. The closed drainage systems, which include devices like chest tubes connected to collection chambers, play a vital role in ensuring effective drainage while minimizing the risk of infection.

Thoracic surgeries involve procedures on organs within the chest cavity, such as the lungs and esophagus. Drainage systems are utilized to remove excess fluids, blood, or air from the thoracic cavity, promoting optimal postoperative recovery. Factors contributing to the significance of the Cardiac and Thoracic Surgery segment include the prevalence of cardiovascular diseases, the increasing number of cardiac and thoracic surgeries globally, and the continuous advancements in surgical techniques. The demand for efficient and specialized drainage systems in this segment underscores their critical role in enhancing patient outcomes and facilitating a smooth recovery process after these intricate surgical procedures.

REGIONAL ANALYSIS:

North America holds a leading and influential position in Medical and surgical drainage system market.

In the context of the medical and surgical drainage system market, North America's dominance could be attributed to factors such as a well-established healthcare infrastructure, high healthcare expenditure, a large patient population, and the presence of key market players. Additionally, factors like a higher prevalence of chronic diseases, a greater adoption of advanced medical technologies, and favorable reimbursement policies may contribute to the region's leadership in this market.

COMPETITIVE ANALYSIS

The global Medical and Surgical Drainage System market is reasonably competitive with mergers, acquisitions, and Flow launches. See some of the major key players in the market.

Becton, Dickinson and Company

In June 2023, BD (Becton, Dickinson and Company) and STERIS entered into a definitive agreement valued at USD 540 million for the sale of BD's surgical instrumentation platform. The divestiture encompassed products under the V. Mueller, Snowden-Pencer, and Genesis labels, along with three manufacturing facilities situated in St. Louis, Missouri, Cleveland, Ohio, and Tuttlingen, Germany.

B. Braun Medical Inc.

In September 2022, B. Braun Medical Inc. (B. Braun) revealed its acquisition of the innovative Clik-FIX catheter securement device portfolio from Starboard Medical, Inc. Leveraging the company's history of introducing groundbreaking products and initiatives, this acquisition by B. Braun aimed to improve patient outcomes and enhance the overall experience of peripheral intravenous (IV) therapy.

Cardinal Health, Inc.

Convatec Group Plc

Cook Medical

Hangzhou Fushan Medical Appliances Co., LTD.

Johnson & Johnson

Medela AG

Medline Industries, LP

Medtronic plc

Ningbo Luke Medical Co., LTD.

Olympus Corporation

Redax

Teleflex Incorporated

Vygon

Zimmer Biomet Holdings, Inc.

SCOPE OF THE REPORT

By Product

Drainage Systems

Open

Closed

Accessories

By Application

Cardiac and Thoracic Surgery

Abdominal

Orthopedic

Others

By Flow Type

Active

Passive

By Material Type

Silastic

Rubber

Other Material

By Region

North America (the United States & Canada)

Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe)

Asia Pacific (China, Japan, India, and Rest of Asia Pacific)

Rest of the World (the Middle East & Africa, and Latin America)

KEY REASONS TO PURCHASE THIS REPORT

It provides a technological development map over time to understand the industry’s growth rate and indicates how the Medical and Surgical Drainage System market is evolving.

The report offers a dynamic method to various factors that drive or restrain the growth of the market and specifies which Medical and Surgical Drainage System submarket will be the main driver of the overall market from 2024 to 2032.

It renders a definite analysis of changing competitive dynamics and stipulates the leading players and what are their prospects over the forecast period.

It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032. Show more