Surgical Drainage Devices Market Key Players Analysis and Growth Forecast by 2031

MARKET OVERVIEW

Surgical drainage devices consist of a soft pliable tubes which are used to remove pus, blood and fluid from the wound, preventing it from accumulating in the body. The Surgical drainage devices are inserted into the body parts after the surgery to drain body fluids. These devices help to eliminate the dead space and prevent the surgery area from infection. Patients need to have the drains in place for one day to two weeks, depending upon the volume of drainage. The market is a perfect competition market with the presence of numerous market players and buyers. The market players are competing based on price, product innovation, and quality.

MARKET SCOPE

The "Global Surgical Drainage Devices Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the surgical drainage devices market with detailed market segmentation by product, type, application, end user, and geography. The report provides key statistics on the market status of the leading surgical drainage devices market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of product, the market is segmented into surgical drainage systems and accessories.
  
•   By type, the surgical drainage devices market is bifurcated into passive drains and active drains.
  
•   By application the market is classified as thoracic & cardiac surgery, orthopedic surgery, obstetric/gynecological surgery, general surgery and others.
  
•   Based on end user, the surgical drainage devices market is classified as hospitals, ambulatory surgical centers and specialized clinics.
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MARKET DYNAMICS

Drivers

•   Rise in number of surgeries
  
•   Increasing prevalence of chronic diseases
  
•   Vast product diversity.
  

Restraints

•   Complications caused by drainage devices.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The surgical drainage devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the surgical drainage devices market in these regions.

IMPACT OF COVID-19 ON SURGICAL DRAINAGE DEVICES MARKET

The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future.

MARKET PLAYERS

The report covers key developments in the surgical drainage devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from surgical drainage devices market are anticipated to lucrative growth opportunities in the future with the rising demand for surgical drainage devices in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the surgical drainage devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

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•   B. Braun Melsungen AG
  
•   Cook Group
  
•   Cardinal Health
  
•   Medtronic
  
•   Ethicon USA, LLC
  
•   C. R. Bard, Inc.
  
•   Stryker
  
•   Zimmer Biomet
  
•   Medline Industries, Inc.
  
•   ConvaTec Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Surgical Drainage Devices Report Scope