Dublin, Nov. 21, 2023 (GLOBE NEWSWIRE) — The “Medical and Surgical Drainage System Market – A Global and Regional Analysis: Focus on Product Type, Application, Flow Type, Material Type, and Country Analysis – Analysis and Forecast, 2023-2027” report has been added to ResearchAndMarkets.com’s offering.
The report reveals that the market, valued at $2.46 billion in 2022, is anticipated to reach $3.07 billion by 2027, growing at a Compound Annual Growth Rate (CAGR) of 4.86% from 2023 to 2027.
Medical and surgical drainage systems, integral in modern healthcare, are devices used to remove excess fluids from the body, particularly following surgery. Their role in preventing fluid accumulation, reducing infection risks, and enhancing patient recovery is invaluable in surgical and post-operative care.
Key Market Drivers:
- Increased Volume of Surgical Procedures: A surge in surgical interventions worldwide, driven by aging populations and a rise in chronic diseases, is a primary market driver.
- Technological Advancements: Innovations in drainage systems are revolutionizing patient care, improving efficiency, and mitigating complications.
- Growing Geriatric Population: The expanding elderly demographic is contributing significantly to market growth, necessitating enhanced medical care and devices.
The market has made significant impacts in several areas, including patient recovery, infection prevention, pain management, and the management of chronic conditions. Advancements have also facilitated minimally invasive procedures and provided customized solutions for various medical needs.
The report segments the market into various categories:
- By Product Type: Drainage systems (open and closed) dominate the market, with a range of accessories complementing these systems.
- By Application: Cardiac and thoracic surgery is expected to register maximum growth, with significant applications in abdominal and orthopedic surgeries as well.
- By Flow Type: Active drainage systems lead the market due to their effective fluid removal capabilities.
- By Material Type: Silastic materials, known for their biocompatibility, dominate the market, followed by rubber and other materials.
- By Region: The U.S. currently leads the market, but regions like China are expected to exhibit significant growth.
The report highlights key recent developments, including funding rounds, acquisitions, product launches, and strategic partnerships, indicating a dynamic and evolving market landscape.
Market Challenges and Opportunities:
While the risk of infections associated with drainage systems poses a challenge, emerging economies offer significant opportunities for market expansion.
- Comprehensive analysis of market dynamics, including drivers, restraints, and opportunities.
- Detailed segmentation and cross-segmentation analysis.
- Insights into the ecosystem of key players and global vs. Chinese market dynamics.
The report answers critical questions about COVID-19 impacts, regulatory frameworks, market trends, segment growth, regional growth projections, key strategies, and the competitive landscape.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Key Companies Profiled:
- B. Braun SE
- Becton, Dickinson and Company
- Cardinal Health, Inc.
- Convatec Group Plc
- Cook Medical
- Hangzhou Fushan Medical Appliances
- Johnson & Johnson
- Medela AG
- Medline Industries
- Medtronic plc
- Ningbo Luke Medical
- Olympus Corporation
- Zimmer Biomet Holdings
|No. of Pages||175|
|Forecast Period||2023 – 2027|
|Estimated Market Value (USD) in 2023||$2.54 Billion|
|Forecasted Market Value (USD) by 2027||$3.07 Billion|
|Compound Annual Growth Rate||4.8%|
This report is an essential tool for stakeholders in the healthcare sector, providing deep insights into a market crucial for the advancement of medical and surgical care.
For more information about this report visit https://www.researchandmarkets.com/r/qbh5ow
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- Global Medical and Surgical Drainage System Market