Surgical Drains Market by Product Type (Closed Surgical Drainage System & Open Surgical Drainage System), Type (Active Drains & Passive Drains), Application (General Surgery, Cardiac & Thoracic Surgery, Orthopedic Surgery, Obstetric/Gynecological Surgery, and Other Surgeries) and End User (Hospitals and Ambulatory Surgical Clinics & Centers) - Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global Surgical Drainage Devices market gathered revenue around USD 2.4 Billion in 2020 and market is set to grow USD 3.9 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 5.1% during the prediction period 2021 to 2027.

Report Coverage

Growth Factors:

The global surgical drains market is mainly attributed to increase in chronic diseases and rise in the number of surgeries. Rise in usage of surgical devices in various applications and the focus of manufacturers on creating advanced tubes are a couple of key factors that also lead to the market growth.

However, factors including rise in the number of minimally invasive processes, complications connected to the usage of the systems, and rise in chances for infection will hamper the market growth. Contrarily, rise in medical awareness will offer a lucrative opportunity to the market players.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Surgical Drainage Devices market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Surgical Drainage Devices market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Surgical Drainage Devices market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Regional Insights

In 2020, North America held the largest revenue share of over 45.0%. Increasing R&D investments and supportive government initiatives directed toward the reduction of chronic diseases globally are contributing to the growth of the market.

Asia Pacific is expected to expand at the fastest CAGR during the forecast period due to the increasing penetration of healthcare companies that are investing significantly in the region. Changing healthcare reforms are contributing to the growth of the market by allowing the commercialization of new products.

An incremental increase in the incidence of chronic diseases has been witnessed in Asia Pacific countries, like India, China, Japan, and Indonesia, which has been adding to the healthcare burden in the region. As a result of this increase, a large number of surgeries are being performed, which is consequently expected to accelerate the growth of the market.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

• Company Overview
• Company Market Share/Positioning Analysis
• Product Offerings
• Financial Performance
• Recent Initiatives
• Key Strategies Adopted by Players
• Vendor Landscape
• List of Suppliers
• List of Buyers

Some of the prominent players in the Surgical Drainage Devices Market include:  such as ConvaTec Group Plc, Cardinal Health Inc., Medtronic Plc, Johnson & Johnsons (Ethicon Inc), Medline Industries Inc, B Braun Redax S.P.A, Romsons Group Private Ltd, Becton, Dickinson and Company(C.R.BARD, INC.) and Stryker Corporation.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Market Segments

By Product

• Open Surgical Drainage System
• Closed Surgical Drainage System

By Type

• Active Drains
• Passive Drains

By Condition

• General Surgery
• Cardiac & Thoracic Surgery
• Orthopedic Surgery
• Obstetric/Gynecological Surgery
• Other Surgeries 

By End Users

• Hospitals
• Ambulatory Surgical Clinics & Centers

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Highlights of the Report:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
• Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Surgical Drainage Devices market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Surgical Drainage Devices market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Surgical Drainage Devices markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

• Governmental bodies, and organizations creating economic policies
• National and international social welfare institutions
• Company websites, financial reports and SEC filings, broker and investor reports
• Related patent and regulatory databases
• Statistical databases and market reports
• Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

• Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
• In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

• CEOs, VPs, market intelligence managers
• Procuring and national sales managers technical personnel, distributors and resellers
• Research analysts and key opinion leaders from various domains

Key Points Covered in Surgical Drainage Devices market Study:

• Growth of Surgical Drainage Devices in 2021
• Market Estimates and Forecasts (2017-2027)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Surgical Drainage Devices and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Surgical Drainage Devices Consumption Analysis
•  Surgical Drainage Devices Production Analysis
•  Surgical Drainage Devices and Management