Global Surgical Drainage Devices Market Size, Share, Forecast Report, 2020-2027

The global Surgical Drainage Devices market garnered revenue around USD 2.8 Billion in 2019 and projected to reach USD 3.8 Billion in 2027, with at a compound annual growth rate (CAGR) 3.8% throughout the estimate period from 2020 to 2027.

Surgical drains are implants that allow removal of fluid and/or gas from a wound or body cavity. This broad definition includes nasogastric tubes, urinary catheters, vascular access ports, and ventriculoperitoneal shunts. The main indications for drain use include the need to eliminate dead space, remove existing fluid or gas, and prevent accumulation of fluid or gas. Dead space develops between tissues after disruption of subcutaneous connective tissues. The Surgical Drainage Devices are segmented into by product type, by application and by end user.

North America dominated the Global Surgical Drainage Devices Market in 2019 and the trend is anticipated to continue during the forecast period. Highly structured health care industry, increased usage in cases of emergency are expected to drive the market in North America.

Asia Pacific is likely to be a highly lucrative market and it is expected to expand at a high CAGR during the forecast period. China has the largest population in Asia Pacific followed by India. Growing economy, increase in geriatric population, rise in awareness among people, favorable insurance coverage, and surge in number of surgeries are likely to propel the surgical drainage devices market in the country.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Surgical Drainage Devices market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Surgical Drainage Devices market growth.

The global Surgical Drainage Devices market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

Key players in the global market include B. Braun Melsungen AG, BD, Cook Medical, Medtronic, Teleflex Incorporated, Stryker, Johnson and Johnson, Cardinal Health, Cardinal Health, REDAX, Smith & Nephew plc, Acelity L.P. Inc, Integra LifeSciences and Medela AG among others.

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

• Global Surgical Drainage Devices Market, by Type
  • Active Drainage
  • Passive Drainage
• Global Surgical Drainage Devices Market, by Application
  • General Surgery
  • Neurosurgery
  • Obsterics/Gynecology
  • Orthopedics
  • Plastic/Reconstructive Surgery
  • Thoracic and Cardiovascular
• Global Surgical Drainage Devices Market, by End User
  • Hospitals
  • Independent Clinics
  • Others

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • United Kingdom
  • Italy
  • France
  • Rest of EU
• Asia Pacific
  • China
  • India
  • Japan
  • Southeast Asia
  • Rest of APAC
• Central & South America
  • Brazil
  • Argentina
  • Rest of Central & South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA