The global Drainage Bottles market size is expected to reach USD 752.1 million by 2030 according to a new study by Polaris Market Research. The report “Drainage Bottles Market Share, Size, Trends, Industry Analysis Report, By Application (Chest Drainage, Accel Evacuated, Peritoneal Drainage, Urostomy/Urinary, Wound Drainage, Others), By End-Use (Hospitals & Clinics, Homecare, Nursing Facilities, Others); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing prevalence of diseases such as cardiovascular diseases and uremia, among others, are primary factors that are surging the global demand in the impending years. In addition, the increasing number of accidents such as bruises, slips/trips, burns, and others are also attributed to the industry’s growth globally. According to Population Reference Bureau, over 50 million individuals are injured in road accidents every single year. These people need medical assistance in the form of different wound dressings involving the drainage of the body fluids, driving the demand for the industry globally.
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Based on the application, the chest drainage segment is dominating the global industry and is anticipated to lead the market over the forecasting period. The growth of the segment can be attributed to the rising incidence of cardiovascular diseases coupled with the surge in the number of thoracic surgeries. According to WHO (World Health Organization), over 17.9 million died in 2019 on account of cardiovascular diseases. Additionally, over 18.2 million over the age of 20 have coronary artery disease.
Whereas the accel evacuated segment is showing significant growth in the global industry. The primary factors driving the growth of the segment include the rising prevalence of burn injuries along with the launch of innovative products by key industry players. According to WHO, over 180,000 individuals die to burn injuries every single year. The substantial growth in the adoption of drainage bottles across surgeries and other treatments is anticipated to drive the global industry growth. The increasing number of healthcare facilities across emerging nations is projected to offer huge growth opportunities.
For instance, according to the World Health Organization, the expenditure on healthcare worldwide was projected nearly US$ 7.8 trillion in 2017, which exhibits a rise of around 2.63% from 2016, which is US$ 7.6 trillion. Thereby, increasing spending on healthcare is associated with surging product demand. Furthermore, the rising government and private expenditure in the healthcare segment is estimated to drive the growth of the industry.
Major participants such as PFM Medical, Inc, Hospitech, Jigsaw Medical, B. Braun Melsungen AG, Lily Medical Corporation, Medinorm, PAHSCO, Medizintechnik Gmbh, Rocket Medical Plc, and Sterimed Group are some of the key players operating in the global industry.
There are various industry vendors introducing their innovations across the global market to reinforce their geographical footprints. For instance, in September 2020, PAHSCO offers various reusable collection bottles that can be reused to collect fluid from a patient’s body. The company further offers Single-use collection bottles also.
Polaris Market Research has segmented the drainage bottles market report on the basis of application, end-use, and region:
Drainage Bottles, Application Outlook (Revenue – USD Million, 2018 – 2030)
- Accel Evacuated
Drainage Bottles, End-Use Outlook (Revenue – USD Million, 2018 – 2030)
- Hospitals & Clinics
- Nursing Facilities
Drainage Bottles, Regional Outlook (Revenue – USD Million, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa