PUBLISHER: Value Market Research | PRODUCT CODE: 1547645
PUBLISHER: Value Market Research | PRODUCT CODE: 1547645
The global demand for Surgical Drainage Devices Market is presumed to reach the market size of nearly USD 5.73 Billion by 2032 from USD 3.14 Billion in 2023 with a CAGR of 6.89% under the study period 2024-2067.
A surgical drainage device refers to equipment that removes excess fluid or gas from the operation sire or wound or body cavity to reduce the risk of forming hematoma and accelerate the wound healing process to ensure the speedy recovery of the patient. Surgical drainage devices include pliable tubes used to eliminate the pus, blood, and fluid from the wound, stopping it from mounting in the body. There are many types of drain such as Jackson Pratt drain, Penrose drain, Chest tube, Blake drain, and Redivac drain.
The growth of the market can be attributed to the rise in consumption of alcohol and tobacco products and growing cases of cancer-related surgeries across the globe. The rising geriatric population, increasing number of surgeries, and rise in incidences of target diseases are a major driver of the market globally. Furthermore, the increasing demand for minimally invasive surgeries is another factor that propels the market during the forecast period. Many companies focus on launching an innovative product in the market to meet the need for patients that offer significant opportunities for existing players and new entrants. However, a lack of skilled professionals may hamper the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Surgical Drainage Devices. The growth and trends of Surgical Drainage Devices industry provide a holistic approach to this study.
This section of the Surgical Drainage Devices market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.