Analysis of Drainage Bottles Market Covering 30+ countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global drainage bottles market analysis report by Fact.MR shows that the market was worth US$ 473.3 million in 2021, and it is predicted to grow at a CAGR of 8.5% from 2022 to 2032.
The market is expected to provide an absolute dollar opportunity of US$ 640 Mn. The projected market growth crossed the historical average which stands out to be 7.9%.
The chest drainage segment is expected to outpace all the other segment by growing at CAGR of 10.4% in the period from 2022-2032.
The market for drainage bottles is predicted to grow as a result of the increasing number of traffic accidents and the prevalence of conditions such as uremia and cardiovascular diseases. The increase in the number of accidents will fuel the global market for drainage bottles. Diabetes, cancer, and Deep Vein Thrombosis (DVT) are becoming increasing prevalent, consequently prompting a high risk of developing chronic wounds, which is likely to stimulate demand for drainage bottles. As mentioned previously, the profile of DVT is on the rise, which increases the risk of developing venous ulcers among patients.
Don't Need a Global Report?
Save 40% on Country & Region specific reports
As per the Drainage bottles market research by Fact.MR - a market research and competitive intelligence provider, historically, from 2017 to 2021, market value of the drainage bottles increased at CAGR of around 7.9%, while the majority stake of 41% of global market is held by U.S.
The market is being driven by an increase in the number of accidents, the frequency of disorders such as uremia and cardiovascular disease, and the number of thoracic surgeries. Owing to this, Drainage bottles market is projected to grow at a CAGR of 8.5% during the forecasted period of 2022-2032.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Drainage bottles are utilized in operations such as thoracic surgery and wound healing and with the rising number of accidents and prevalence of wounds, the demand for drainage bottles surged. According to the National Health Portal of India, roughly 7 million people in India suffer from burn injuries each year. According to the 2019 Road Accident Report, 449,002 accidents occurred in the country in 2019, resulting in 151,113 deaths and 451,361 injuries. Hence, driving the demand for drainage bottles in wound healing operations.
Furthermore, between 20 and 50 million individuals are injured but do not die, resulting in long-term disability. The demand for drainage bottles has surged during the COVID-19 pandemic as a result of the increasing number of COVID-19-related hospital admissions. The rising prevalence of COVID has resulted in the emergence of additional diseases, such as pneumonia, that necessitate chest drainage for therapy, driving up demand for drainage bottles.
Among all the regions considered in the report, the APAC region dominated the drainage bottle market, accounting for the highest revenue share. The surge in demand is due to the rise in the number of hospitals and nursing homes, increased government healthcare spending, and the frequency of accidents. According to the 2019 Road Accident Report, 449,002 accidents occurred in the country in 2019, resulting in 151,113 deaths and 451,361 injuries. Hence, driving the demand for drainage bottles in wound healing operations.
As per the report published in the Journal of the American College of Cardiology, Asia accounted for 58% of all global deaths attributable to cardiovascular illnesses. Hence, the region's industry is driven by the rising prevalence of cardiovascular disorders too.
The Middle East and Africa drainage bottle market is predicted to grow rapidly during the forecast period. There has been an increase in demand in this region due to the factors such as the rising prevalence of sports-related injuries, policies to attract healthcare providers, and rising healthcare spending. As per the WHO, Saudi Arabia is ranked 2nd in the Middle East and 7th globally for diabetes. This drives the demand for Drainage bottles used in chronic wounds.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Among the countries considered in report, the China is expected to drive the growth in Drainage Bottles Market which is predicted to increase at a CAGR of 10.8%. According to numerous research, 30 million of China's 100 million wound patients had skin wounds. In the previous ten years, China's wound treatment centres have grown from 16 to 357. The Chinese National Health Commission began the construction of a wound treatment facility in December 2019 to provide training for specialised doctors and nurses.
More than 95% of Chinese citizens have access to social health insurance, which covers all primary healthcare institutions and state hospitals, as well as few private hospitals. As a result, the market in China is being driven by the rising prevalence of chronic wounds, government efforts, and improvements in healthcare facilities.
The market in China is expected to grow fastest at the CAGR of 10.8%, followed by South Korea at 10.7% and Japan at 10.4%. The market in these countries are growing at a rate faster than the expected rate of growth of global market.
The hospitals and Clinics segment is gaining the utmost traction due to the presence of specialised and tailored treatment techniques for their patients. This way, the hospital segment has achieved the largest share in revenue in 2020. Since they do not face the challenges of money and issues regarding the competency of staff, they can ensure their patient receives a quality experience. Furthermore, the Hospitals and Clinics segment is expected to grow at a CAGR of 9.6% during the forecast period of 2022-2032.
On the basis of Application, the Chest drainage segment is expected to grow fastest with a CAGR of 10.4% during the forecasted period of 2022-2032. This has been attributed to the rising frequency of cardiovascular disorders and a sudden increase in the headcount of patients requiring thoracic surgeries. According to the World Health Organization, over 17.9 million people died in 2019 from cardiovascular illnesses. In addition, coronary artery disease has affected 18.2 million adults globally aged 20 and above.
From 2022 to 2032, the accel evacuated category is predicted to grow at a CAGR of 8.7%. The Global Drainage bottle market is being driven by a number of factors, including the introduction of new products by major market participants and the rising occurrence of burn injuries.
Based on the American Burn Association, approximately 450,000 major burn injuries occur in the U.S every year. According to the World Health Organisation, burns are a worldwide chronic health issue, with more than 180,000 deaths each year. The majority of burns occur in low and middle-income countries, with many of them occurring in the African and Southeast Asian countries.
The leading companies in the Global Drainage Bottles Market are focussing on bringing technological innovations to the industry through increased R&D activity. To strategically grow in the coming years, these businesses are employing a variety of techniques. Market participants frequently diversify their portfolio, expand their distribution network, develop new products and expand their business through strategic mergers and acquisitions.
The key competitors in the Drainage Bottles Market are PAHSCO, PFM Medical, Inc., Lily Medical Corporation, Hospitech, MEDINORM Medizintechnik GmbH, Jigsaw Medical, LLC, B. Braun Medical Inc., Sterimed Group, and Rocket Medical plc.
The recent developments in the Drainage bottles market which were being channelised by market players are as follows:
Similarly, recent developments related to companies offering drainage bottles have been tracked by the team at Fact.MR, which are available in the full report.
Key Market Segments Covered
Key Companies Profiled
- Premium Report Details -
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunitiesBuy Now
Get A Special pricing for start-ups and universitiesEnquiry Before Buying
- Humble, Yet Honored -
Currently, the drainage bottles market is worth more than US$ 473.3 Mn and is expected to reach at US$ 1.2 Bn in coming 10 years.
The drainage bottles market is expected to increase at the CAGR of 8.5% over the period of next 10 years.
During the period of 2017-2021, the CAGR of drainage bottles market was valued at 7.9%.
The key players operating in the drainage bottles market are Rocket Medical plc, Sterimed Group, B. Braun Medical Inc., Jigsaw Medical LLC, Hospitech, PFM Medical, PAHSCO, Lily Medical Corporation, Hospitech, etc.
The drainage bottles market growth is primarily driven by the increase in the global accidents and rising prevalence of various diseases such as uremia and cardiovascular diseases.
The Chest drainage segment accounts for majority stake in revenue of the drainage bottles market which is expected to grow at a CAGR of 10.4% in coming 10 years.
The combined market share of top 2 countries in the Drainage Apps market is 50.6%.
U.S. and China are the countries driving the demand for Drainage Bottles in the global market.
Need An Exclusive Report For Your Unique Requirement?