Drainage Bottles Sales are Expected to Reach A Market Size of US$ 1.2 Billion by 2032
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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Rising incidence of cardiovascular problems
The chest drainage segment is forecasted to be the top segment as per the application categorization while growth was forecasted at a CAGR of 10.4%. This rise in demand has been associated with an increase in the number of patients requiring thoracic surgeries and a rising incidence of cardiovascular problems. As per the WHO records, in 2019 alone, approximately 17.9 Mn individuals died from cardiovascular diseases.
Cardiovascular problems have become increasingly prevalent in recent years, affecting individuals of all ages and backgrounds. These issues can range from hypertension and high cholesterol to more severe conditions like heart attacks and strokes. Factors such as poor diet, sedentary lifestyles, and stress have all contributed to the rising incidence of cardiovascular problems.
It is crucial to address these issues proactively to prevent further complications. Adopting a heart-healthy lifestyle that includes regular exercise, a balanced diet, and stress management techniques can significantly reduce the risk of developing cardiovascular problems. Additionally, medical interventions such as medication and surgery can be effective treatment options for those already struggling with cardiovascular issues.
The consequences of cardiovascular problems can be severe, impacting not only physical health but also mental and emotional well-being. Therefore, it is essential to prioritize heart health and seek preventative care to minimize the risk of developing these issues. With education, awareness, and a commitment to a healthy lifestyle, we can work towards reducing the incidence of cardiovascular problems and promoting overall wellness.
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Key Takeaways from the Market Study
- Global drainage bottles market is expected to reach a market size of US$ 511.6 Mn by 2022.
- Global drainage bottles market is expected to grow at a CAGR of 8.5% for the next 10 years.
- The absolute dollar opportunity for the next 10 years is forecasted to be US$ 640 Mn
- The market in China is expected to grow fastest at a CAGR of 10.8% during the forecasted period.
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 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.
Key Companies Profiled:
- B. Braun Medical Inc
- Hospitech
- Jigsaw Medical, LLC
- Lily Medical Corporation
- Medinorm Medizintechnik GmbH
- PFM Medical, Inc
- PAHSCO
- Rocket Medical plc
- Sterimed Group
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Market Segments Covered in Drainage Bottles Market Analysis
- By Application
- Chest Drainage
- Accel Evacuated
- Peritoneal Drainage
- Urostomy/ Urinary
- Wound Drainage
- Other Applications
- By End-use
- Hospitals & Clinics
- Homecare
- Nursing Facilities
- Other End-uses
Key Questions Covered in the Drainage Bottles Market Report
- What is the projected value of the Drainage Bottles factors Industry in 2022?
- At what rate will the global Drainage Bottles factors market size grow until 2032?
- Which are the factors hampering the growth of Drainage Bottles factors?
- Which region is expected to lead in the global Drainage Bottles factors market By 2032?
- Which are the factors driving the Drainage Bottles factors Industry during the forecast period?
- What is the expected market value of the Drainage Bottles factors market during the forecast period?
Regional Analysis For Drainage Bottles Market:
- APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (USA, Canada and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, United Arab Emirates, South Africa)
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