Surgical Drainage Devices Market Size, Share & Trends Analysis Report By Product (Active, Passive), By Application (Thoracic & Cardiovascular Surgeries, Orthopedics), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Surgical Drainage Devices Market Size, Share & Trends Analysis Report By Product (Active, Passive), By Application (Thoracic & Cardiovascular Surgeries, Orthopedics), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Surgical Drainage Devices Market Growth & Trends

The global surgical drainage devices market size is expected to reach USD 4.04 billion by 2030, registering a CAGR of 6.4% from 2023 to 2030,according to a new report by Grand View Research, Inc. This industry is growing due to the increasing rate of chronic diseases across the globe which often requires surgical intervention. Additionally, there is a growing awareness among healthcare professionals about the importance of preventing surgical site infections, which has led to an increased demand for the high-quality surgical drainage devices.

In the past several years, the number of surgical procedures being done is rising across the globe. The increase in the prevalence of chronic diseases, such as cardiovascular, neurological, thoracic, and orthopedics disorders, is one of the significant factors resulting to an increase in the number of surgeries being conducted. The occurrence of noncommunicable and infectious diseases has increased during the past few decades. This increase can be attributed largely to the rising prevalence of food-borne diseases, urbanization, and borderline poverty in the majority of developing economies, and antimicrobial resistance.

Moreover, the market has suffered as a result of COVID-19. This is because several elective surgical treatments have been delayed as it spreads in the medical facilities where these surgical operations are carried out. Moreover, the operating environment increases the dangers of infection for the surgeons, which restrained market expansion. However government initiatives had also ensured that patient and hospitals have access to quality medical devices access. For instance, FDA issued a shortage list for devices to provide transparency to the general public; furthermore, it also ensured the availability of various diagnostic, therapeutic, and protective medical device

Surgical Drainage Devices Market Report Highlights

• Based on the product the active segment accounted for the highest revenue share of 80.6% in 2022 and it also expected to witness the fastest CAGR during the forecast period
• Based on the application thoracic and cardiovascular accounted for the highest revenue share of 24.6% in 2022
• Hospitals segment accounted for the highest market share of 45.5% in 2022 owing to large number of surgical procedures being carried out in this facility
• Asia Pacific region is expected to witness the fastest CAGR of 8.0% during the forecast period
• Growing burden of cancer, rise in disposable income in Asia Pacific countries, and increasing geriatric population is driving the market growth in the region

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