Global Surgical Drainage Devices Market - Regional Insights
North America holds dominant position in the global Surgical Drainage Devices Market, owing to increase in number of orthopedic surgeries such as hip replacement and knee replacement. In 2017, North America held dominant position in the market followed by Europe, due to key factors such as rise in incidence of chronic wounds, surgical site infections, rise in geriatric population, and higher adoption and awareness of advanced surgical and wound care products.
A surgical drainage device is an equipment that removes excess fluid or air or infected blood from the operation site or wound so that the risk of formation of hematoma is reduced and wound healing process is accelerated to ensure speedy recovery of the patient. Surgical drainage devices consist of soft pliable tubes, which are used to remove the pus, blood, and fluid from the wound, preventing it from accumulating in the body. There are various types of drain such as Jackson Pratt drain, Blake drain, Penrose drain, Chest tube, and Redivac drain.
Global Surgical Drainage Devices Market – Drivers
Increasing geriatric population, rise in number of surgeries, and increase in incidences of target diseases, globally are major drivers of the market. Furthermore, increased tobacco and alcohol consumption, rise in number of cancer-related surgeries, and increasing demand for minimally invasive surgeries are factors driving the market globally. The manufacturers are launching innovative surgical drainage devices in the market to meet the unmet needs of patients which gives the significant opportunities for existing players and new entrants.
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For instance, recent development in the market include surgical drain line stripping devices by the Mayo Foundation and Medical Education and Research launched in April 2018, surgical drain management apparatus (post-surgical drain management punch) by i-lnspire LLC in March 2018, and surgical drain system by Spectral Spine IP Holdings, LLC in August 2017.
According to the American Heart Association, 2016, cardiovascular diseases accounted for 17.3 million deaths every year globally, where an estimated 23.3 million people are expected to die globally from CVD by 2030.
Moreover, the medical technological companies are focused on undertaking strategic acquisitions to strengthen the product portfolio, thereby enhancing opportunities in fast growing clinical areas in non U.S. markets. For instance, in April 2017, Becton, Dickinson and Company (BD), a global medical technology company and Bard, Inc., a medical technology leader in urology, oncology, and surgical specialty products entered into an agreement, under which BD will acquire Bard for $317.00 per Bard common share in cash and stock, for the total consideration of $24 billion. This acquisition will lead to improve process of care and treatment of disease for patients and healthcare providers.
Asia Pacific is expected to gain significant traction in the global surgical drainage devices market over the forecast period. The market grows in this region, due to rise in population in India and China, rise in trauma and burn cases, and development in healthcare infrastructure. Moreover, rising adoption of technologically advanced medical equipment and trend of cost-effective health care services are factors driving growth of surgical drainage devices market in this region.
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Global Surgical Drainage Devices Market - Competitive Landscape
The key players develop new and innovative drainage devices for patients to treat eye-related disorders. For instance, in November 2018, Purdue University invented a new smart drainage device to help patients with glaucoma, a leading cause of blindness in the world, which tries to save their eyesight.
Some of the key players operating in the global surgical drainage devices market include B. Braun Melsungen AG, Teleflex Incorporated, Stryker, Johnson and Johnson, REDAX, Smith and Nephew plc, Integra LifeSciences, Medela AG, Acelity L.P. Inc., Cardinal Health, Ethicon, C.R. Bard, and Cook Medical.
Global Surgical Drainage Devices Market - Market Taxonomy
On the basis of product type, the global surgical drainage devices market is segmented into:
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