Drainage Bottles Market Share is Predicted to Grow at a CAGR of 8.5% by 2032

The market for drainage bottles was worth US$ 473.3 million globally in 2021, and it is anticipated to grow at a CAGR of 8.5% from 2022 to 2032. It is expected that the market will present a total opportunity worth US$ 640 Mn. The projected market growth was greater than the 7.9% historical average. Chest drainage is expected to grow faster than any other area from 2022 to 2032, with a CAGR of 10.4%.

Trade associations, credible news websites, government records, business titans, and other sources were consulted to compile the analysis's data. The analysis focuses on the top Drainage Bottles market participants and examines their market shares, market expansion, yearly revenues, and other aspects.

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Competitive Analysis

Through increasing R&D activities, the top businesses in the global drainage bottle market are concentrating on introducing new breakthroughs to the sector. These businesses are utilising a range of strategies to develop strategically in the upcoming years. Through smart mergers and acquisitions, market actors routinely diversify their holdings, widen their distribution networks, create new goods, and grow their businesses.

The recent developments in the Drainage bottles market which were being channelized by market players are as follows:

• In Dec 2021, PAHSCO received the 18th Golden Root Award held by Taiwan Industrial Technology Promotion Association. This award was given to an excellent corporate representatives with "localization and internationalization" to remark their excellent contributions to Taiwan's economy.
• In June 2021, PAHSCO had donated 10,000 closed suction systems to frontline healthcare workers as a gesture to help the government fight the pandemic while also satisfying its CSR duty.
• In April 2021, PFM medical debuted its new subsidiary, PFM medical expert, which gives guidance and support on all aspects of quality management, MDR compliance and clinical project management.

Key Companies Profiled
• B. Braun Medical Inc
• Hospitech
• Jigsaw Medical, LLC
• Lily Medical Corporation
• Medinorm Medizintechnik GmbH
• PFM Medical, Inc
• PAHSCO
• Rocket Medical plc
• Sterimed Group

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Regional Analysis

The APAC region dominated the drainage bottle market, accounting for the biggest revenue share among all the regions taken into account in the study. Increased government healthcare spending, an increase in the number of hospitals and nursing homes, and the frequency of accidents are all contributing factors to the surge in demand.

The country experienced 449,002 accidents in 2019, which resulted in 151,113 fatalities and 451,361 injuries, according to the 2019 Road Accident Report. Consequently, the need for drainage bottles in wound healing procedures is being fueled.

According to a publication in the Journal of the American College of Cardiology, 58% of all cardiovascular disease-related fatalities worldwide occurred in Asia. As a result, the sector in the area is also being driven by the increased prevalence of cardiovascular diseases.

During the time of forecasting, a rapid expansion of the Middle East and Africa drainage bottle market is anticipated. Due to reasons like the increased incidence of sports-related injuries, strategies to draw in healthcare professionals, and rising healthcare spending, there has been an increase in demand in this region. Saudi Arabia is ranked second in the Middle East and seventh overall by the WHO for diabetes. Due to this, drainage bottles-which are used in chronic wounds-are in high demand.

Drainage Bottles Market: Segmentation
• By Application
o Chest Drainage
o Accel Evacuated
o Peritoneal Drainage
o Urostomy/ Urinary
o Wound Drainage
o Other Applications
• By End-use
o Hospitals & Clinics
o Homecare
o Nursing Facilities
o Other End-uses
• By Region type
o North America
 U.S.
 Canada
o Latin America
 Brazil
 Mexico
 Others
o Europe
 Germany
 U.K.
 France
 Spain
 Italy
 Russia
 Others
o APAC
 India
 China
 Japan
 South Korea
 Australia
 Others
o MEA
 South Africa
 Saudi Arabia
 UAE
 Israel
 Others

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Key Highlights
• The study analyses the state of the latest worldwide Drainage Bottles market.
• The paper investigates the pandemic scenarios that are most likely to have a long-term impact on the sector.
• The paper examines in great detail how the world market for Drainage Bottles is changing.
• The research examines how the worldwide Drainage Bottles market is changing, the target markets with the greatest prospects, and emerging trends that could directly or indirectly affect your organisation.
• The report identifies prospects as well as the main obstacles you may face in the near future.

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