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Report ID: HC0030
Pages: 194
Base Year: 2023
Format: PDF
Historical Date: 2019-2022
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.
Scope of the Report
** In – depth qualitative analysis will be provided in the final report subject to market
Primary and Secondary Research
In order to understand the market in detail we conduct primary and secondary research. We collect as much information as we can from the market experts through primary research. We contact the experts from both demand and supply side and conduct interviews to understand the actual market scenario. In secondary research, we study and gather the data from various secondary sources such as company annual reports, press releases, whitepapers, paid databases, journals, and many other online sources. With the help of the primary interviews, we validate the data collected from secondary sources and get a deep understanding on the subject matter. Post this our team uses statistical tools to analyses the data to arrive at a conclusion and draft it in presentable manner.
Market Size Estimations
Understanding and presenting the data collected is a crucial task. Market sizing is a critical part of the data analysis and this task is performed by using Top-down and bottom-up approaches. In this process, we place different data points, market information and industry trends at a suitable space. This placement helps us presume the estimated & forecast values for coming few years. We use several mathematical and statistical models to estimate the market sizes of different countries and segments. Each of this is further added up to outline the total market. These approaches are individually done on regional/country and segment level.
Data Triangulation
As we arrive at the total market sizes, the market is again broken down into segments and subsegments. This process is called as data triangulation and is implementable wherever applicable. This step not only helps us conclude the overall market engineering process, but also gives an assurance on accuracy of the data generated. The data is triangulated based on studying the market trends, various growth factors, and aspects of both demand and supply side.