The global drainage bottles market analysis report by Fact.MR shows that the market was worth US$ 473.3 million in 2021, and it is predicted to grow at a CAGR of 8.5% from 2022 to 2032. The market is expected to provide an absolute dollar opportunity of US$ 640 Mn. The projected market growth crossed the historical average which stands out to be 7.9%.
The Chest Drainage segment is expected to outpace all the other segment by growing at CAGR of 10.4% in the period from 2022-2032.
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Market Segments Covered in Drainage Bottles Market Analysis
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By Application
- Chest Drainage
- Accel Evacuated
- Peritoneal Drainage
- Urostomy/ Urinary
- Wound Drainage
- Other Applications
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By End-use
- Hospitals & Clinics
- Homecare
- Nursing Facilities
- Other End-uses
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By Region type
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Others
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Russia
- Others
- APAC
- India
- China
- Japan
- South Korea
- Australia
- Others
- MEA
- South Africa
- Saudi Arabia
- UAE
- Israel
- Others
- North America
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Competitive Analysis
The leading companies in the Global Drainage Bottles Market are focussing on bringing technological innovations to the industry through increased R&D activity. To strategically grow in the coming years, these businesses are employing a variety of techniques. Market participants frequently diversify their portfolio, expand their distribution network, develop new products and expand their business through strategic mergers and acquisitions.
The key competitors in the Drainage Bottles Market are PAHSCO, PFM Medical, Inc., Lily Medical Corporation, Hospitech, MEDINORM Medizintechnik GmbH, Jigsaw Medical, LLC, B. Braun Medical Inc., Sterimed Group, and Rocket Medical plc.
The recent developments in the Drainage bottles market which were being channelised 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.
Similarly, recent developments related to companies offering drainage bottles have been tracked by the team at Fact.MR, which are available in the full report.
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Among the application wise categorisation which segment is expected to show the best results and why?
On the basis of Application, the Chest drainage segment is expected to grow fastest with a CAGR of 10.4% during the forecasted period of 2022-2032. This has been attributed to the rising frequency of cardiovascular disorders and a sudden increase in the headcount of patients requiring thoracic surgeries. According to the World Health Organization, over 17.9 million people died in 2019 from cardiovascular illnesses. In addition, coronary artery disease has affected 18.2 million adults globally aged 20 and above.
What are the prospects of accel evacuated segment in coming years? How this segment is driven?
From 2022 to 2032, the accel evacuated category is predicted to grow at a CAGR of 8.7%. The Global Drainage bottle market is being driven by a number of factors, including the introduction of new products by major market participants and the rising occurrence of burn injuries.
Based on the American Burn Association, approximately 450,000 major burn injuries occur in the U.S every year. According to the World Health Organisation, burns are a worldwide chronic health issue, with more than 180,000 deaths each year. The majority of burns occur in low and middle-income countries, with many of them occurring in the African and Southeast Asian countries.
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