Market Trends of Surgical Drains/Wound Drainage Industry
This section covers the major market trends shaping the Surgical Drains/Wound Drainage Market according to our research experts:
Active Drains are Expected to Witness Highest CAGR in the Type Segment
Increased incidences and prevalence of chronic dtoke cancer and cardiovascular diseases, including heart diseases, strokes, and type II diabetes), which have led to an increase in cardiovascular surgeries and cancer-related surgeries, are the primary factors driving the market growth. For example, cardiovascular disease is one of the leading causes of fatalities worldwide. Active drains are not exposed to the atmosphere in order to prevent the growth of bacteria. They are capable of keeping the wound dry and removing excess fluid efficiently. Active drains are maintained under suction (which may be low or high pressure).
The active wound drainage system is increasingly occupying a key role in improving the outcomes of cardiothoracic surgeries, especially in pediatrics. Thus, with an increase in the prevalence of chronic and other diseases (like osteoporosis and arthritis), the usage of active surgical drain devices has been increasing in various end-user settings. In recent years, this appears to be driven largely by substantial technological advancements in the medical devices market. For instance, In April 2022, Bearpac Medical and APR Medtech signed an exclusive distribution agreement for the sale of the Passio Pump Drainage System. Therefore, looking at the overall usage of the active drains, it is believed to show the fastest growth in the coming future. Similarly. In August 2021, OMAVAC Medical Solutions, Inc. announced the granting of a United States Patent, covering its SOMAVAC SVS Smart Suction Technology and surgical drain management platform.
North America to Dominate the Market in the Forecast Period
North America is Expected to Hold a Significant Share in the Market and is expected to do the same in the Forecast Period
North America is expected to show the highest growth, due to increasing R&D investments and various supportive government initiatives directed toward the reduction of chronic diseases, globally, which can be attributed to the growth of the surgical drains/wound drainage market. There has been an increase in the number of chronic diseases, which has helped in the growth of the market.
Additionally, the region has seen a sharp increase in chronic disorders in recent years. According to National Center for Chronic Disease Prevention and Health Promotion, data updated in June 2022, 6 in 10 Americans live with at least one chronic disease, like heart disease and stroke, cancer, or diabetes. These and other chronic diseases are the leading causes of death and disability in America, and they are also a leading driver of health care costs. The need for surgical drains and wound drainage systems has been sparked for this reason, which has improved growth prospects. According to the American Academy of Neurology, in the United States, data updated in 2021, stroke and Alzheimer's disease have been ranked as third and sixth leading causes of death, respectively. These facts are indicative of an alarming increase in neurological disorders that often require surgical intervention upon diagnosis. This rise has, thus, contributed to the increase in demand for drains that are used for surgeries.
