Medical and Surgical Drainage Systems Market Report 2024: Innovations, Trends, and Leading Manufacturers

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The new report published by The Business Research Company, titled Medical And Surgical Drainage System Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the medical and surgical drainage system market size has grown steadily in recent years. It will grow from $2.36 billion in 2023 to $2.46 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The medical and surgical drainage system market size is expected to see steady growth in the next few years. It will grow to $2.91 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%.

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What Is Driving The Growth Of The Global Medical And Surgical Drainage System Market?

Rising Surgical Procedures Propel Growth In the Medical And Surgical Drainage System Market
The increasing volume of surgical procedures is expected to propel the growth of the medical and surgical drainage system market going forward. The volume of surgical procedures is rising due to an aging population, the increasing prevalence of chronic diseases, and advancements in medical technology. Medical and surgical drainage systems are used to effectively remove excess fluids, blood, and pus from the surgical site to prevent infection, reduce swelling, and promote healing. For instance, in May 2024, according to the Government of British Columbia, a Canada-based administrative body, there were 365,825 surgeries completed, both scheduled and unscheduled. This includes 284,844 scheduled surgeries, which is 24,380 more than in the same timeframe in 2019-20. Additionally, the total number of surgeries, both scheduled and unscheduled, is 14,939 more than in 2022-23. Therefore, the increasing volume of surgical procedures is driving growth in the medical and surgical drainage system market.

What Is The Key Trend In The Global Medical And Surgical Drainage System Market?

Technological Advancements Drive Innovation In Medical And Surgical Drainage Systems
Major companies operating in the medical and surgical drainage system market are focusing on developing innovative products, such as drainage catheters, to treat patients with less invasive techniques to drain fluid. The catheter is intended to provide an effective and less invasive option for patients requiring fluid drainage procedures. For instance, in August 2021, Argon Medical Devices Inc., a US-based manufacturer of specialty medical products, launched the Skater Mini-Loop, which is a drainage catheter designed for minimally invasive drainage of fluid collections, such as abscesses or seromas, in the body. It features a small, looped tip that can be inserted through a small incision to drain fluid while minimizing tissue damage.

How Is The Global Medical And Surgical Drainage System Market Segmented?
The medical and surgical drainage system market covered in this report is segmented -

1) By Product Type: Drainage Systems, Accessories
2) By Material Type: Silastic, Rubber, Other Materials
3) By Flow Type: Active, Passive
4) By Application: Cardiac And Thoracic Surgery, Abdominal, Orthopedic, Other Surgeries

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How Is The Competitive Landscape Of The Global Medical And Surgical Drainage System Market?
Major companies operating in the medical and surgical drainage system market are McKesson Medical-Surgical Inc., Cardinal Health Inc., Johnson & Johnson, Medtronic plc, Becton, Dickinson, and Company, Stryker Corporation, Medline Industries LP, Zimmer Biomet Holdings Inc., Olympus Corporation, Smith & Nephew plc, Braun SE, Cook Medical, Teleflex Incorporated, ConvaTec Group, Medela AG, Vygon SA, Poly Medicure Limited, Redax S.p.A., Hangzhou Fushan Medical Appliances Co. Ltd., Ningbo Luke Medical Co. Ltd., Centese Inc.

Contents Of The Global Medical And Surgical Drainage System Market
1. Executive Summary
2. Medical And Surgical Drainage System Market Report Structure
3. Medical And Surgical Drainage System Market Trends And Strategies
4. Medical And Surgical Drainage System Market - Macro Economic Scenario
5. Medical And Surgical Drainage System Market Size And Growth
…..
27. Medical And Surgical Drainage System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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