PUBLISHER: DelveInsight | PRODUCT CODE: 1149519
PUBLISHER: DelveInsight | PRODUCT CODE: 1149519
SURGICAL DRAINAGE DEVICES MARKET BY TYPE (ACTIVE [JACKSON-PRATT DRAINS, HEMOVAC DRAINS, BLAKE DRAINS, NEGATIVE PRESSURE WOUND THERAPY, AND OTHERS], PASSIVE [PENROSE DRAINS AND OTHERS]), BY APPLICATION (GENERAL SURGERY, CARDIOVASCULAR AND THORACIC SURGERY, OBSTETRIC/GYNECOLOGICAL SURGERY, ORTHOPEDIC SURGERY, AND OTHERS), BY END-USER (HOSPTIALS, AMBULATORY SURGERY CENTERS, AND OTHERS), BY GEOGRAPHY IS ESTIMATED TO REGISTER GROWTH AT A REMARKABLE CAGR DURING THE FORECAST PERIOD 2022-2027 OWING TO THE RISING NUMBER OF SURGICAL PROCEDURES, GROWING GERIATRIC POPULATION AND THE INCREASING NUMBER OF PRODUCT DEVELOPMENT ACTIVITIES.
The global surgical drainage devices market was valued at USD 1.85 billion in 2021 and is estimated to grow at a CAGR of 5.67% during the forecast period (2022-2027) to reach USD 2.57 billion by 2027. The surgical drainage devices market is slated to witness prosperity owing to factors such as the rising number of surgical procedures, growing geriatric population globally, increasing product approvals and launches of surgical drainage devices, resulting in appreciable revenue growth of the surgical drainage devices market during the forecast period (2022-2027).
One of the noteworthy drivers of the surgical drainage devices market is the rising prevalence of surgical procedures owing to various reasons such as the rise in cosmetic surgeries, caesarean sections, road accidents, injuries and others during the forecast period.
For example, according to the International Society of Aesthetic Plastic Surgery (ISAPS) (2021) data, cosmetic surgical procedures such as breast augmentation and abdominoplasty accounted for 16% and 7.6% of all the cosmetic procedures worldwide in 2020. Procedures such as abdominoplasties and breast augmentation result in plasma fluid build-up that need drainage devices for the removal of plasma. The drains also help in the omission of extra fluid build-up and blood around the implant after surgery.
Additionally, according to the Eurostat article 2022, there were 1.16 million caesarean sections performed in 2018 in Europe. The benefit of using surgical drains in case of caesarean sections is that any blood or serious fluid that may build up in the subcutaneous area could be removed, preventing the development of infection or post-operative pain. Owing to its wide applicability in post-surgery management, the demand for surgical drainage devices is expected to grow in the upcoming years.
Another major driver pertaining to the surgical drainage devices market is the development of innovative surgical drainage devices. For instance, in August 2019, New World Medical, Inc., a privately held ophthalmic company announced the launch of the Ahmed® ClearPath™ glaucoma drainage device featuring a flexible plate with a contour that closely conforms to the curvature of the eye.
However, the risks associated with surgical drains and increase in the number of minimally invasive procedures as possible alternatives may act as restraining factors for the surgical drainage devices market growth.
The surgical drainage devices market reported a short period of restraint in market growth due to the implementation of lockdown as necessary measures to prevent the spread of COVID-19 infection. The situation led to the cancellation of several surgeries in order to manage and reserve the resources. For instance, as per the British Journal of Surgery Report (2020), in May 2020, around 48,728 surgical procedures were cancelled in India per week, which is estimated for around 585,000 surgical procedures for 12 weeks. However, with masses being vaccinated and with the resumption of activities across industries including the healthcare sector, it has been uplifting for the surgical drainage devices market during the forecast period from 2022-2027.
Surgical Drainage Devices market by type (Active [Jackson-Pratt Drains, Hemovac Drains, Blake Drains, Negative Pressure Wound Therapy, and Others], Passive [Penrose Drains And Others]), application (General Surgery, Cardiovascular And Thoracic Surgery, Obstetric/Gynecological Surgery, Orthopedic Surgery, And Others), end-user (Hospitals, Ambulatory Surgery Centers, And Others) and geography (North America, Europe, Asia-Pacific, And Rest Of The World).
Based on the type segment, the active surgical drains is expected to hold the maximum revenue share in the surgical drainage devices market and was valued at USD XX million in 2021 and will grow at a CAGR of XX% during the forecast period (2022-2027) to reach USD XX million by 2027.
This can be attributed to its various advantages, key products and product development activities associated with active drainage systems in the surgical drainage devices market.
Active drainage devices use suction, either vacuum or wall suction, to remove fluid and avoid the buildup of air at the surgical site. Negative pressure therapy is frequently used by active surgical drainage devices to drain fluid from the operative site. Presence of key products such as the Altitude Dry Suction Chest Drainage Unit developed by Medtronic used to remove accumulated fluid using wall suction in thoracic and cardiovascular surgeries is also expected to drive the demand for active drainage devices.
Considering their applicability during surgical procedures, there has been an increase in the regulatory approval of various active drains, which is also expected to augment the market growth. For instance, in April 2022, Bearpac Medical and APR Medtech signed an exclusive distribution agreement for the sale of the Passio Pump Drainage System.
Hence, the interplay of all the aforementioned factors is anticipated to propel the market for active surgical drainage devices during the forecast period.
Among all the regions, North America is expected to lead in revenue generation in the global surgical drainage devices market and was valued at USD XX million in 2021. It will grow at a CAGR of XX% during the forecast period from 2022 to 2027 to reach USD XX million by 2027.
This domination is due to the growing number of surgical procedures, presence of a large patient population base and the rising developmental activities in the surgical drainage devices market.
According to the Lifespan Health System Organization 2022, about 5, 00,000 open heart surgeries are performed on an average every year in the United States. In addition, the American Society of Regional Anesthesia and Pain Medicine (2022) reported that around 38,741 and 12,245 elective orthopedic surgeries were performed in the year 2020 and 2019 in the United States, even during the COVID-19 pandemic.
Other countries of North America such as Canada and Mexico also reported increasing number of surgeries amongst their population. As per reports from the Canadian Institute of Health Information (2022), 2.7 million hospitalizations occurred in Canada due to surgeries owing to caesarean operations, cardiovascular operations, among others during the year 2019-2020. The surgeries associated with the growing number of occupational injuries in Canada is further expected to raise the demand for surgical drainage devices, thereby augmenting the surgical drainage devices market growth in the region. For instance, according to the Canadian Government Health Report (2021), 83.2% of occupational injuries recorded from Ontario, Quebec, British Columbia and Alberta and required surgeries for treatment, in the year 2019. Moreover, the Organization for Economic Co-operation and Development (OECD) (2022) stated that Mexico accounted for the highest percentage of birthrates by C-section globally in the year 2019.
Also, the approval of various surgical drainage products in the North American region is anticipated to expand the market.
For instance, in August 2021, OMAVAC Medical Solutions, Inc. announced the granting of a United States Patent, covering its SOMAVAC SVS Smart Suction Technology and surgical drain management platform.
Therefore, the increasing product developmental activities, the rising number of surgical procedures and the presence of a large patient population is expected to drive the demand for surgical drainage devices, thereby driving the overall surgical drainage devices during the forecast period.
Some of the key market players operating in the surgical drainage devices market include Medtronic, Cardinal Health Inc., Zimmer Biomet, B.Braun Melsungen AG, Cook Medical, Acelity I.P Inc., BD, Ethicon, Inc., Medela AG, ConvaTec Group Plc., Romsons Group Private Ltd., Redax S.P.A, Medline Industries Inc., Medtronic Plc., Poly Medicure, Global Medikit, Degania Silicone, Stryker Corporation, Teleflex Incorporated, Smith & Nephew plc., and others.
Surgical drainage devices are tubes used in post-operative patient care, that are positioned close to surgical wounds to remove pus, blood, or other fluids and stop it from building up in the body. Surgical drains enable the drainage of liquid and/or gas from a wound or bodily cavity.
The global surgical drainage devices market was valued at USD 1.85 billion in 2021 and is estimated to grow at a CAGR of 5.67% during the forecast period (2022-2027) to reach USD 2.57 billion by 2027.
The surgical drainage devices market is slated to witness prosperity owing to factors such as the rising number of surgical procedures, growing geriatric population globally, increasing product launches of surgical drainage devices, resulting in appreciable revenue growth of the surgical drainage devices market during the forecast period (2022-2027).
Some of the key market players operating in the surgical drainage devices market include Medtronic, Cardinal Health Inc., Zimmer Biomet, B.Braun Melsungen AG, Cook Medical, Acelity I.P Inc., BD, Ethicon, Inc., Medela AG, ConvaTec Group Plc., Romsons Group Private Ltd., Redax S.P.A, Medline Industries Inc., Medtronic Plc., Poly Medicure, Global Medikit, Degania Silicone, Stryker Corporation, Teleflex Incorporated, Smith & Nephew plc., and others.
North America is expected to dominate the overall surgical drainage devices market during the forecast period, 2022 to 2027. This can be ascribed to the growing number of surgical procedures and the rising research and development activities in the surgical drainage devices market. Furthermore, the presence of key market players in the region along with the presence of a large population base could also drive the market in the region.