Global Medical And Surgical Drainage System Market Report 2024: Size, Drivers, And Top Segments
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The medical and surgical drainage system market size has shown steady growth in recent years, anticipated to rise from $2.36 billion in 2023 to $2.46 billion in 2024, at a compound annual growth rate (CAGR) of 4.2%. The historical growth factors include the increased use of these devices across various applications, an uptick in surgeries necessitating the routine use of reusable equipment, and the need to remove fluid and prevent air accumulation at surgical sites. The medical and surgical drainage system market is expected to witness steady growth, projected to reach $2.91 billion in 2028 at a CAGR of 4.3%. This growth in the forecast period can be attributed to the increasing volume of surgical procedures, evolving healthcare needs, the prevalence of chronic diseases, gastrointestinal and gynecological surgeries, and the rising spending penetration of healthcare businesses. Major trends during this period will focus on technological advancements in medical and surgical drainage systems, innovations in traditional drainage systems, high-performance solutions, reduced complication risks, and the development of high-performance pumps.
The increasing volume of surgical procedures is expected to significantly boost the growth of the medical and surgical drainage system market in the near future. The rise in surgical procedures is attributed to an aging population, the growing prevalence of chronic diseases, and advancements in medical technology. Medical and surgical drainage systems play a crucial role in effectively removing excess fluids, blood, and pus from surgical sites to prevent infection, reduce swelling, and promote healing. For instance, the Government of British Columbia reported in May 2024 that there were 365,825 surgeries completed, including both scheduled and unscheduled procedures. This number includes 284,844 scheduled surgeries, representing an increase of 24,380 compared to the same timeframe in 2019-20. Additionally, the total number of surgeries in 2023 exceeded the previous year’s total by 14,939. Therefore, the increasing volume of surgical procedures is driving growth in the medical and surgical drainage system market.
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What Are The Key Trends That Influence Medical And Surgical Drainage System Market Share Analysis?
Major companies in the medical and surgical drainage system market are focused on developing innovative products, such as drainage catheters, to provide patients with less invasive techniques for fluid drainage. These catheters are intended to offer an effective and minimally invasive option for patients needing fluid drainage procedures. For instance, in August 2021, Argon Medical Devices Inc., a US-based manufacturer of specialty medical products, launched the Skater Mini-Loop, a drainage catheter designed for minimally invasive drainage of fluid collections like abscesses or seromas in the body. It features a small, looped tip that can be inserted through a tiny incision to drain fluid while minimizing tissue damage.
Which Market Players Are Driving Growth In The Medical And Surgical Drainage System Market?
Major companies operating in the medical and surgical drainage system market are McKesson Medical-Surgical Inc., Cardinal Health Inc., Johnson & Johnson, Medtronic plc, Becton, Dickinson, and Company, Stryker Corporation, Medline Industries LP, Zimmer Biomet Holdings Inc., Olympus Corporation, Smith & Nephew plc, Braun SE, Cook Medical, Teleflex Incorporated, ConvaTec Group, Medela AG, Vygon SA, Poly Medicure Limited, Redax S.p.A., Hangzhou Fushan Medical Appliances Co. Ltd., Ningbo Luke Medical Co. Ltd., Centese Inc.
How Is The Global Medical And Surgical Drainage System Market Segmented?
The medical and surgical drainage system market covered in this report is segmented –
1) By Product Type: Drainage Systems, Accessories
2) By Material Type: Silastic, Rubber, Other Materials
3) By Flow Type: Active, Passive
4) By Application: Cardiac And Thoracic Surgery, Abdominal, Orthopedic, Other Surgeries
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The Medical And Surgical Drainage System Global Market Report 2024 provides an overview of the medical and surgical drainage systemmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The medical and surgical drainage system market forecast analyzes medical and surgical drainage system market size, medical and surgical drainage system market share, leading competitor and their market positions.
The Table Of Content For The Medical And Surgical Drainage System Market Include
1. Medical And Surgical Drainage System Market Executive Summary
2. Medical And Surgical Drainage System Market Segments
3. Medical And Surgical Drainage System Market Size And Template Market Growth Rate
4. Key Medical And Surgical Drainage System Market Trends
5. Major Medical And Surgical Drainage System Market Drivers
……
25. Key Mergers And Acquisitions In The Medical And Surgical Drainage System Market
26. Top Medical And Surgical Drainage System Companies
27. Medical And Surgical Drainage System Market Opportunities And Strategies
28. Medical And Surgical Drainage System Market, Conclusions And Recommendations
29. Appendix
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