openPR Logo
Press release

Surgical Drainage Devices Market Expected to Behold a CAGR of 2.60% through 2016-2024

04-18-2018 06:29 AM CET | Health & Medicine

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Surgical Drainage Devices Market Expected to Behold a CAGR

Of late, the global market for surgical drainage devices has been witnessing a notable rise in its valuation, thanks to the increasing number of surgical procedures. The rise in the geriatric population and the surge in the uptake of expensive treatments, fueled by the expansion in the purchasing capacity of consumers, are the other important factors behind the significant growth of this market.

View Report-

Over the coming years, the market is likely to gain substantially from the technological advancements in surgical drainage devices. The increasing usage of these devices in minimally invasive procedures is also expected to boost this market considerably in the near future. In 2015, the overall opportunity in this market was US$2.8 bn. Researchers project this market to expand at a CAGR of 2.60% between 2016 and 2024 and reach US$3.5 bn by the end of 2024.

Brochure Download-

Active Drainage Devices to Remain Most Valued Product

There are two main types of surgical drainage devices available across the world: Active drainage devices and passive drainage devices. Active drainage devices exhibit a greater uptake compared to the passive ones, thanks to the increasing awareness regarding their benefits, such as minimal tissue trauma, decreased risk of wound infection, and no excoriation of skin. The active drainage devices segment led the global market with a share of nearly 84% in 2016 and is anticipated to remain dominant over the next few years. The ability to generate pathways for viscous or bulky material and the reduced risk of mechanical erosion and pressure necrosis are likely to drive the passive drainage devices segment in the years to come.

Request A Sample-

General surgery, orthopedics, thoracic and cardiovascular, obstetrics/gynecology, plastic/reconstructive surgery, and neurosurgery are the prime application areas of surgical drainage devices. The demand for these devices is greater in orthopedics surgeries, owing to the increasing prevalence of musculoskeletal diseases, such as rheumatoid arthritis, lupus erythematous, and osteoporosis. Analysts expect this segment to continue as the leading application area over the forthcoming years on the grounds of the surging number of orthopedic procedures, such as hip replacement and knee replacement, fueled by the rise in the aging population.

North America to Retain Leadership

Geographically, the worldwide market for surgical drainage devices registers its reach across Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe. Among these, North America emerged as the leading contributor to the global market in 2016 with a share of nearly 40%. Thanks to the early adoption of advanced treatment procedures among people, a significant rise in the geriatric population, and the increasing prevalence of cardiovascular diseases in this region, the North America market for surgical drainage devices is likely to retain its leadership in the near future.

Asia Pacific, on the other hand, is projected to provide the most attractive opportunities for growth to market participants over the next few years and, hence, is predicted to witness a high-paced growth in its surgical drainage devices market. The increasing awareness among people and the growing prevalence of lifestyles diseases are anticipated to fuel the demand for these devices remarkably in this region during the period from 2016 to 2024. Latin America and the Middle East and Africa are also expected to offer lucrative growth opportunities for this market in the years to come.

B. Braun Melsungen AG, C. R. Bard Inc., Cook Medical, Medtronic Plc., Teleflex Inc., Stryker Corp., Johnson & Johnson, Cardinal Health, REDAX S.P.A., Smith & Nephew Plc., Acelity L.P. Inc., Integra LifeSciences Corp., and Medela AG are some of the leading manufacturers of surgical drainage devices across the world.

About us:
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact us-
90 State Street,
Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Surgical Drainage Devices Market Expected to Behold a CAGR of 2.60% through 2016-2024 here

News-ID: 1020527 • Views: 151

More Releases from Transparency Market Research

Osteoporosis Drugs Market Companies Analysis, Advancement and Precise Outlook …
Transparency Market Research (TMR) has published a new report titled, ‘Osteoporosis Drugs Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global Osteoporosis Drugs market was valued at US$ 11.5 Bn in 2018 and is projected to contract at a CAGR of 0.3% from 2019 to 2027. Overview Osteoporosis is a chronic and life-threatening disease, in which microstructure of bones is altered due to
Remote Patient Monitoring Devices Market News Research Report 2020
The global remote patient monitoring devices market is foreseen in a report by Transparency Market Research (TMR) to show a decently consolidated nature coupled with intense competition between key players. Recently, a larger aggregate share was held by a few prominent names of the market. F. Hoffmann-La Roche Ltd., AMD Global Telemedicine, and Honeywell HomMed LLC are some of the leading companies operating in the market. Merger and acquisition could
Oxygen Therapy Devices Market is Thriving Worldwide By Size, Revenue, Emerging T …
The demand within the global oxygen therapy devices market is projected to increase as improved medical procedures make their way into the healthcare industry. Towards the end of last year, a group of high-school students became victims of gas poisoning across a large building in Suwon. The absence of proper medical equipment for oxygen therapy became a matter of regional outrage. In this review, Transparency Market Research (TMR) looks into
Covid-19 Impact on Organic Turmeric Market: Present Scenario and Future Growth P …
The report details an exhaustive account of the global organic turmeric market along with numerous associated factors. Some of these factors that are included in the report are drivers, restraints, competitive analysis, latest trends and opportunities, geographical outlook, and many other aspects. The study covered in the report spans a forecast period from 2018 to 2026. From an overall perspective, the report is expected to exist as a valuable insight

All 5 Releases

More Releases for America

Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving
South America Aviation Market
The South American aviation market was affected adversely by the financial crisis, which had originated in the United States and the sales were impacted adversely by the same, but the market has recovered, since. Furthermore, the good performance of regional jets sold by Embraer were termed profitable by users and could certainly turn the tide as aircraft orders from other airlines continue to increase. Rising income levels in the continent
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
Make America Great Again
Help us open our Veterans' Home We don't know them all, but we owe them all... Lake Ariel, PA: FCPCF Inc. and National Auto Raffle invites you to enter the online Charity Auto & 50/50 Raffles ( and help us raise funds to open the doors of veterans' housing facility and provide housing to the homeless Veterans and their families in need. Every 1 in 4 homeless is a Veteran and its time
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale
Mafi Designs America
Austrian Natural Wood Floor manufacturer establishes themselves in the high end New York Lifestyle market. “Successfully building a luxury Brand in the US is very important to our world wide marketing efforts,“ proclaims a happy Philippe S. Pezet, Partner Mafi USA, Inc & Export/Marketing Manger for the manufacturing company Mafi Holzverarbeitung from Austria. The Mafi brand name is recognized by leading architects and decorators in the Big Apple as being the