Global Surgical Drainage Devices Market - Snapshot

Surgical drainage devices are equipment that drain excess fluid or air from the operation site or wound so that the risk of formation of hematoma is reduced and wound healing process is accelerated. The global surgical drainage devices market was valued at US$ 2.9 Bn in 2017 and is anticipated to expand at a CAGR of 4% from 2018 to 2026 to reach US$ 4 Bn by 2026.

global surgical drainage devices market

The global surgical drainage devices market is primarily driven by increase in geriatric population, surge in number of surgeries, rise in incidence of target diseases, and increasing trend of medical tourism. Lack of clinical knowledge and expertise and product recalls are likely to restrain the surgical drainage devices market during the forecast period. Adoption of minimally invasive procedures is increasing due to several advantages such as smaller incisions, less pain and scarring, fewer complications, shorter hospital stays, and faster recoveries. For example, cataract surgery is performed through minimally invasive procedure. A study conducted by the University of Minnesota, U.S., stated that around 3.6 million cataract procedures were performed in the U.S. in 2015. This number is expected to increase at an alarming rate in the near future.

The ability to drain infected fluid percutaneously is considered to be one of the most significant developments in surgical drainage. Prior to the development of percutaneous drainage, it was invariable necessary for a patient to undergo major surgery. Increase in usage of image guided drainage devices has become another key trend in the global surgical drainage devices market. High unmet needs in the global surgical drainage devices market present significant opportunities for existing players and new entrants. Recent developments in the market are surgical drain line stripping devices by the Mayo Foundation for Medical Education and Research in April 2018, surgical drain management apparatus (post-surgical drain management punch) by iInspire, LLC in March 2018, and surgical drain system and method of use by Spectrum Spine IP Holdings, LLC in August 2017.

In terms of product type, the global surgical drainage devices market has been segmented into active drainage and passive drainage. The active drainage segment is projected to grow at a rapid pace, as active drainage provides higher efficiency in wound healing than passive drainage. Based on application, the global market has been classified into general surgery, orthopedics, thoracic and cardiovascular, obstetrics/gynecology, plastic/reconstructive surgery, and neurosurgery. The orthopedics segment accounted for the largest market share in 2017, owing to rise in prevalence of musculoskeletal diseases such as rheumatoid arthritis, lupus erythematous, and osteoporosis, and increase in number of orthopedic procedures such as hip replacement, and knee replacement. In terms of end-user, the global surgical drainage devices market has been categorized into hospitals, independent clinics, ambulatory surgery centers, and others. The hospitals segment held the largest market share in 2017. The segment is anticipated to expand at the highest CAGR during the forecast period. Hospitals are the preferred choice among people and are highly favorable settings for procedures due to safe health care treatment procedures, health care insurance coverage, presence of developed health care technology, and availability of beds for a large number of people.

North America accounted for the largest share of the global surgical drainage devices market in 2017, followed by Europe. The region is anticipated to be the most lucrative market during the forecast period. Rise in number of orthopedic surgeries such as hip replacement and knee replacement, and high per capita health care expenditure are projected to accelerate the surgical drainage devices market in the region. The market in Asia Pacific is projected to expand at the highest CAGR during the forecast period.

Key companies operating in the global surgical drainage devices market and profiled in the report include B. Braun Melsungen AG, BD, Cook Medical, Medtronic, Teleflex Incorporated, Stryker, Johnson and Johnson, Cardinal Health, REDAX, Smith & Nephew plc, Acelity L.P. Inc., Integra LifeSciences, and Medela AG. Major industry events related to the global surgical drainage devices market are the acquisition of C. R. Bard by Becton Dickenson in November 2017, acquisition of OrthoD Group (a U.K-based company on wound drainage and other fixation devices) by Apposite Capital in March 2018, acquisition of Argon Medical Devices (a U.S.-based company on drainage catheter) by Shandong Weigao Group Medical Polymer Co. in September 2017.

Global Surgical Drainage Devices Market: Overview

Surgical drainage devices are equipment that drain excess fluid or air from the operation site or wound so that the risk of formation of hematoma is reduced and wound healing process is accelerated. Lack of clinical knowledge and expertise and product recall are likely to restrain the global surgical drainage devices market during the forecast period.

The global surgical drainage devices market report comprises an elaborate executive summary, which includes a snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on product type, application, end-user, and region. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the overview section. Additionally, the section comprises competitive matrix and company profiles with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by region and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global surgical drainage devices market.

Global Surgical Drainage Devices Market: Key Segments

Based on product type, the global surgical drainage devices market has been classified into active drainage and passive drainage. In terms of application, the global market has been segmented into general surgery, orthopedics, thoracic and cardiovascular, obstetrics/gynecology, plastic/reconstructive surgery, and neurosurgery. Based on end-user, the global surgical drainage devices market has been categorized into hospitals, independent clinics, ASCs (ambulatory surgical centers), and others (home care settings, etc.). The global surgical drainage devices market has been analyzed based on price variations, technology trend, and presence of key players in the region. The market size and forecast for each of these segments have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year.

Global Surgical Drainage Devices Market: Regional Outlook

Geographically, the global surgical drainage devices market has been segmented into five major regions and the key countries in the respective region: North America (the U.S. and Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (South Africa, GCC Countries, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. The research study also covers the competitive scenario in these regions.

Companies Mentioned in Report

The report also profiles the major players in the market in terms of various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major companies in the global surgical drainage devices market are B. Braun Melsungen AG, BD, Cook Medical, Medtronic, Teleflex Incorporated, Stryker, Johnson and Johnson, Cardinal Health, REDAX, Smith & Nephew plc, Acelity L.P. Inc., Integra LifeSciences, and Medela AG.

The global surgical drainage devices market has been segmented as follows:

Global Surgical Drainage Devices Market, by Product Type

  • Active Drainage
  • Passive Drainage

Global Surgical Drainage Devices Market, by Application

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

Global Surgical Drainage Devices Market, by End-user

  • Hospitals
  • Independent Clinics
  • Ambulatory Surgical Centers
  • Others

Global Surgical Drainage Devices Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Australia & New Zealand
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • GCC Countries
    • Rest of Middle East & Africa