Research Nester released a report titled “Wound Drainage Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global wound drainage market in terms of market segmentation by therapy type, application and region.
The wound drainage market is projected to grow with a moderate CAGR during the forecast period, i.e., 2020-2029 on account of the increasing number of surgeries due to growing prevalence of chronic diseases such as cardiovascular diseases, diabetes and more. According to the data collected from World Health Organization, the estimated number of surgeries performed every year are around 330 million around the globe.
The market is segmented based on product type into surgical drainage systems, accessories, and others, out of which, the surgical drainage segment is anticipated to grab the largest share by the end of 2020 on account of increasing number of surgical operations globally. These devices evacuate fluid and prevent the build-up of air at the surgical site with the use of suction, usually vacuum or wall suction, thus is preferred by large number of surgeons and contributes to the growth of the market.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the wound drainage treatment market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Currently, the market in North America holds the largest share. This can be attributed increased prevalence of chronic diseases such as cardiovascular disease, diabetes and others also contribute to the market.
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Increasing Number of Surgeries and Prevalence of Chronic Diseases Drive Market Growth
As per the analysis of Centers of Disease Control and Prevention, heart disease costs the United States about $219 billion each year from 2014 to 2015. This includes the cost of health care services, medicines, and lost productivity due to death.
The growing number of surgeries and the increase in demand for surgical drains as they cater the urgent needs of the patient by assisting in the removing pus, blood among other fluids and the emergence of active and passive drains accelerate the surgical drains/wound drainage market growth. Additionally, the wide availability of numerous drainage tubes and systems in various shapes and sizes in accordance to different forms of surgeries positively affects the surgical drains/wound drainage market.
This report also provides the existing competitive scenario of some of the key players of the wound drainage market which includes company profiling of B. Braun, Cardinal Health Inc. (NYSE: CAH), C. R. Bard (Becton, Dickson Co.) (NYSE: BDX), ConvaTec Group PLC (LON: CTEC), Ethicon (Johnson and Johnson) (NYSE: JNJ), Stryker Corporation (NYSE: SYK), Romsons, Medtronic Plc. (NYSE: MDT), Zimmer Biomet Holding plc (NYSE: ZBH). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global wound drainage market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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