Wound Drainage Devices Market | Contrive Datum Insights

The Global Wound Drainage Devices Market Is Expected To Reach A CAGR Of 4.3% During The Forecast Period 2022-2030.

Wound Drainage Devices Market Overview:

Wound drainage devices are used to drain blood, pus, and other bodily fluids from surgical wounds after surgery. Adopting these devices lowers the risk of infection and promotes healthy healing. Drainage systems are primarily used by patients undergoing surgery to prevent fluid from accumulating in the wound.

A wound drainage device consists of a perforated tube that allows fluid to drain from a surgical wound. These devices vary by location and type of surgery. If the wound does not drain freely, fluid collects in the wound and becomes a growth medium for microorganisms. This has increased the demand for wound drainage devices.

Wound drainage devices are increasingly being adopted in a variety of surgical procedures, including hand and microsurgery, gynecology, orthopedics, plastic, and general surgery. During the wound healing process, medical professionals examine the type of wound drainage tube for color, clarity, odor, and thickness to help determine the need for intervention in wound care. Additionally, all types of wound drains are continuously monitored for signs of infection or health problems.

Wound Drainage Devices market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Wound Drainage Devices market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Market Segments Covered in Wound Drainage Devices Industry Research:

Market Key Players:
BD, Medtronic, Stryker, Cook, B. Braun Melsungen, Ethicon, And Others.

Industry News:

• In January 2022, Mölnlycke, a global medical solutions company, announced the release of a new Flex technology designed to improve the performance of wound drainage devices. This new technology is intended to reduce the risk of blockage and improve patient comfort during the postoperative period.
• In November 2021, Cardinal Health, a leading provider of medical products and services, announced the acquisition of Zepf Medical Instruments GmbH, a German-based manufacturer of surgical instruments, including wound drainage devices. The acquisition is expected to expand Cardinal Health's product portfolio and strengthen its position in the global wound drainage market.
• In July 2021, Acelity, a global wound care and regenerative medicine company, announced the launch of its new V.A.C. The VERAFLO CLEANSE CHOICE treatment system is designed to help healthcare professionals manage complex wounds. The system includes a wound drainage device that uses negative pressure wound therapy to remove excess fluid and promote healing.
• In May 2021, B. Braun Medical Inc., a leader in infusion therapy and pain management, announced the release of the new PleurEvac Chest Drainage System designed to improve patient outcomes and reduce the risk of complications after chest surgery. The system includes a wound drainage device that allows precise monitoring of fluid levels and can be used in both hospital and outpatient settings.

By Type:

• Passive Drains
• Active Drains
• Other

By Application:

• Hospitals
• Clinics
• Others

By Region:

North America has been dominating the market in terms of revenue due to a large number of chronic wound patients in the region. The growing geriatric population base coupled with rising healthcare spending are other factors boosting the growth prospects of this market over the forecast period.

Latin America is expected to emerge as one of the most lucrative markets for wound drainage devices during the forecast period. The growing geriatric population, growing healthcare spending, and growing awareness of chronic wounds are the major factors driving the growth prospects of this market over the projected period.

Europe is projected to remain a major regional segment due to its high prevalence of chronic wounds coupled with increasing surgeries performed each year driving the utilization of these products within hospitals and clinics in countries such as Germany and France.

The Asia-Pacific region is driven by fast-growing economies such as India and China that have boosted economic activity in recent years, resulting in increased investment, resulting in high adoption of advanced medical equipment such as wound drainage systems among other procedures and treatments.

The Middle East and Africa are expected to provide lucrative opportunities for players operating in the global wound drainage devices market. The growing geriatric population base along with rising healthcare spending in Saudi Arabia, UAE, Iran, and other countries will drive the growth prospects over the forecast period.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Growing geriatric population worldwide along with increase in surgical procedures is driving the demand for wound drainage devices. Increasing awareness programs regarding human health and medical processes are likely to influence the growth of the wound drainage devices market.

The increasing use of wound drainage devices for various purposes owing to the high prevalence of chronic diseases is a key growth driver for the wound drainage devices market. Increased smoking and alcohol use in broad populations worldwide has resulted in various cancer-related surgeries. These surgeries increase the demand for wound drainage devices used to efficiently remove fluid from the surgical site.

Increasing government initiatives and investments in the development of the healthcare sector in emerging economies along with rising popularity of medical tourism are expected to positively impact the wound drainage devices market. Adopting a drainage system tailored to specific conditions creates lucrative opportunities for manufacturers in the wound drainage device market.

Although the outlook for the wound drainage devices market is likely to remain positive, several complications have been reported in the management of these devices that may limit market growth. Additionally, controversy over the impact of wound drainage devices on improving surgical outcomes is likely to be a restraining factor for the market.

Wound Drainage Devices Market report scope:

Crucial POinits from this Wound Drainage Devices Report

• Estimate Wound Drainage Devices market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Wound Drainage Devices market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

1. What is the CAGR of Wound Drainage Devices market?
2. What are the key types of Wound Drainage Devices market?
3. What are the key applications of Wound Drainage Devices market?
4. Who are the key players in Wound Drainage Devices market?