Wound Drainage Devices Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2026

Status : Ongoing | Report Code : FACT2704MR

Introduction

Wound drainage devices are used to drain blood, pus, and other fluids, from surgical wounds after an operation. Adoption of these devices lowers the risk of infections and promotes healthy would healing. Drainage systems are largely used for patients who undergo a surgical procedure to avoid the accumulation of body fluids on the wound. The wound drainage devices comprise of a tubes with perforations that allow fluids to drain from surgical wound sites. These devices vary depending on location and type of surgery. When the wound is not allowed to drain freely, the fluids get collected on the wound, and provides a growth medium for microorganisms. This has led to an increase in the demand for wound drainage devices.

Wound drainage devices are gaining increasing adoption in various operating procedure including hand and micro, gynecological, orthopedic, plastic, and general surgeries. In the progress of wound healing, healthcare professionals examine the type of wound drains for color, clarity, odor, and thickness which help them determine the need for interventions in the wound care. Further, all types of wound drains are continuously monitored for any signs of infection or health problems.

Dynamics

Growing global geriatric demographic along with increasing number of surgical procedures is driving the demand for wound drainage devices. Rise in awareness programs regarding human health and medical processes is likely to influence growth of the wound drainage devices market. Increasing usage of wound drainage devices for various applications on the coattails of high prevalence of chronic diseases is key growth driving factor of the wound drainage devices market. Increase in smoking and alcohol consumption among wide range of population across the globe has resulted into various cancer-related surgeries. These surgeries increase the demand for wound drainage devices for their use in efficiently removing the fluid from the surgical site.

Growing governmental initiatives and investments on the development of healthcare sector in emerging economies coupled with rising popularity of medical tourism is expected to positively affect the wound drainage devices market. Adoption of customized drainage system for specific conditions will possibly create lucrative opportunities for manufacturers in wound drainage devices market. Although the outlook of wound drainage devices market is likely to remain positive, several complications have been reported in the administration of these devices which may confine the market growth. Further, arising controversies regarding the effect of wound drainage devices on improving the surgical outcome is likely to be a restraining factor of the market.

Wound Drainage Devices Market Segmentation:

Global wound drainage devices market can be segmented on the basis of product type and end user.

On the basis of product type, global wound drainage devices market can be segmented as:

  • Passive Drains
  • Active Drains

On the basis of end user, global wound drainage devices market can be segmented as:

  • Hospitals
  • Clinics
  • Others

Wound Drainage Devices Market: Regional Outlook

North America is expected to account for major value share of the wound drainage devices market with growing efforts towards the reduction of chronic diseases. Owing to rapid penetration of healthcare companies, wound drainage devices market in Asia Pacific is likely to grow significantly in the coming years. Commercialization of new products along with changing healthcare reforms in emerging economies such as China and India will possibly accelerate the growth of wound drainage devices market in the Asia Pacific region. Europe and Latin America will continue to be the lucrative regions for wound drainage devices market.

Wound Drainage Devices: Key Market Participants

Key players participating in global wound drainage devices market are focusing on the development of innovative and novel products to overcome the existing challenges in the market. The products are manufactured with an intention to provide better wound management and thereby to increase their usage span and application. Some of the top players identified in wound drainage devices market include:

  • BD
  • Stryker
  • Braun Melsungen
  • Zimmer Biomet
  • Poly Medicure
  • Global Medikit Limited
  • ConvaTec
  • Medtronic
  • Cook
  • Ethicon
  • Degania Silicone
  • Romsons
  • Cardinal Health

Report Highlights:

The research report presents a comprehensive assessment of the wound drainage devices market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report on wound drainage devices market provides analysis and information according to market segments such as geographies, application and industry.

The report covers exhaustive analysis on:

  • Wound Drainage Devices Market Segments
  • Wound Drainage Devices Market Dynamics
  • Wound Drainage Devices Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • Wound Drainage Devices Market in North America
    • United States
    • Canada
    • Mexico
  • Wound Drainage Devices Market in Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Singapore
    • Malaysia
    • Philippines
    • Thailand
    • Vietnam
  • Wound Drainage Devices Market in Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
  • Wound Drainage Devices Market in Central & South America
    • Brazil
    • Rest of Central & South America
  • Wound Drainage Devices Market in Middle East & Africa
    • GCC Countries
    • Turkey
    • Egypt
    • South Africa

The wound drainage devices market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The wound drainage devices market report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth wound drainage devices market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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Wound Drainage Devices Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2026