Global Surgical Drainage Devices Market Set to Reach USD 2.9 Billion by 2032, Driven by Strong Growth in Active Drainage Devices | FMI

The global surgical drainage devices market has witnessed remarkable growth, with a valuation of USD 1.4 Billion in 2022, according to a newly-released report by Future Market Insights (FMI). The market is poised for significant expansion, with a compound annual growth rate (CAGR) of 7.7% from 2022 to 2032. By the end of the forecast period, the market is expected to reach a robust valuation of USD 2.9 Billion.

Key trends indicate that Active Drainage Devices will be the dominant segment in terms of revenue generation. This segment is anticipated to grow at an impressive CAGR of over 7.8% over the next decade, underlining the increasing preference for advanced, high-performance drainage solutions in both hospital and surgical settings.

Surgical drainage devices play a critical role in the recovery process for patients undergoing major surgeries, particularly in preventing fluid accumulation, thereby reducing the risk of complications. As surgical procedures become more complex and the demand for post-surgical care rises globally, the market for these devices is expected to continue its upward trajectory.

The increasing focus on minimally invasive procedures and advancements in medical technologies are expected to be key drivers of the market growth. Furthermore, the rising prevalence of chronic conditions requiring surgical intervention is likely to contribute significantly to the demand for surgical drainage devices.

The Future Market Insights report offers valuable insights into market trends, growth drivers, and key challenges, providing stakeholders with a comprehensive understanding of the evolving landscape of the global Surgical Drainage Devices Market.

Key Takeaways:

• Global Market Growth: The global Surgical Drainage Devices Market was valued at USD 1.4 Billion in 2022, with projections to reach USD 2.9 Billion by 2032, growing at a CAGR of 7.7% from 2022 to 2032.
• Active Drainage Devices Segment: The Active Drainage Devices segment is expected to lead the market, with a projected CAGR of over 7.8% from 2022 to 2032.
• United States Market: The U.S. is forecasted to dominate the market, reaching USD 995.6 Million by 2032, with a notable absolute dollar growth of USD 530.5 Million. The market is expected to grow at a CAGR of over 8% from 2022 to 2032, driven by an increase in surgeries and healthcare facility development.
• United Kingdom Market: The market in the UK is projected to reach USD 128 Million by 2032, growing at a CAGR of 7.4%, with an absolute dollar opportunity of USD 65 Million from 2022 to 2032.
• Japan Market: Japan’s Surgical Drainage Devices Market is anticipated to reach USD 112 Million by 2032, with an 8.6% CAGR during the forecast period, and a projected absolute dollar opportunity of USD 62.5 Million.
• South Korea Market: South Korea’s market is expected to see strong growth, with a CAGR of 8.7%, reaching USD 71.6 Million by 2032, and generating an absolute dollar opportunity of USD 40 Million.

Interest in Market Trends: Get Detailed Analysis and Insights with Our Comprehensive Report!

Competitive Analysis:

Key players in the Surgical Drainage Devices market include Acelity, Teleflex Incorporated, Cardinal Health, Medtronic, Cook Medical, Johnson & Johnson, B. Braun Melsungen AG, Smith & Nephew plc, Stryker, Becton Dickinson, and Centese.

Notable recent developments by leading surgical drainage device providers are as follows:

• In October 2021, Centese launched the Thoraguard device, a self-cleaning chest tube designed to provide more precise measurements for monitoring patients recovering from heart or lung surgeries. This innovation is set to boost Centese’s presence and growth in the surgical drainage devices sector.
• In April 2019, Smith & Nephew plc expanded its surgical drains portfolio with the acquisition of Osiris Therapeutics, Inc. This strategic move is expected to strengthen Smith & Nephew’s surgical drains business and enhance its wound care offerings.

Surgical Drainage Devices Market Segmentation:

By Product Type:

• Active drains
• Passive drains

By Application:

• Thoracic and Cardiovascular Surgeries
• Neurosurgical Procedures
• Abdominal Surgery
• Orthopedics
• Other Applications

By End-Use:

• Hospitals
• Ambulatory Surgical Centers
• Clinics

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa(MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube