Wound Drainage Market Growth By Application, Type and Product - Forecast 2022
According to research report the Wound Drainage Market is expected to reach USD 2.18 Billion by 2022 from USD 1.82 Billion in 2017, growing at a CAGR of 3.7%.
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The
growth of this market is mainly driven by the growing geriatric
population, increasing number of surgical procedures, and rising
awareness programs globally.
Based on application, the cardiac
and thoracic surgery segment is projected to grow at the highest CAGR
during the forecast period.
By applications, the surgical drains
market is segmented into general surgery, cardiac and thoracic surgery,
orthopedic surgery, obstetrics/gynecology surgery, and other surgeries.
The cardiac and thoracic surgery segment is expected to grow at the
highest rate during the forecast period. The high growth of this market
is attributed to the large number of thoracic & cardiovascular
surgeries performed across the globe owing to the high prevalence of
cardiovascular diseases (CVDs).
The accessories segment is expected to dominate the market in 2017
Based
on product, the Wound Drainage Market is segmented into accessories and
surgical drainage systems. In 2017, the accessories segment is expected
to account for the largest share of the surgical drains market.The
large share of this segment is attributed to the frequent use of
accessories in a number of surgical procedures and its affordability as
compared to surgical drainage systems.
The Wound Drainage Market
is highly competitive with the presence of several small and big
players. Some of the players in the surgical drains market include B.
Braun (Germany), Cardinal Health (US), ConvaTec (UK), C.R. Bard (US),
Redax (Italy), Ethicon (US), Stryker (US), Romsons (India), Medtronic
(Ireland), Medline Industries (US), Cook Medical (US), Poly Medicure
(India), Zimmer Biomet (Indiana), Global Medikit (India), and Degania
Silicone (Israel).
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North America to dominate the Wound Drainage Market
In
2017, North America is expected to dominate the market followed by
Europe. The large share of this geographical segment is attributed to
factors such as increasing incidence of chronic wounds and surgical site
infections, growing number of surgical procedures, rising geriatric
population, and higher adoption and awareness of advanced surgical and
wound care products.
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