Drainage Bottles Industry Overview
The global drainage bottles market size is anticipated to reach USD 704.3 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.0% from 2021 to 2028. Increasing incidence of accidents, increasing prevalence of diseases such as uremia and cardiovascular disease, and rising number of thoracic surgeries are driving the market.
Drainage Bottles Market Segmentation
Grand View Research has segmented the global drainage bottles market on the basis of application, end use, and region:
Based on the Application Insights, the market is segmented into Chest Drainage, Accel evacuated, Peritoneal Drainage, Urostomy/urinary, Wound drainage, Others.
- The chest drainage segment dominated the market for drainage bottles and accounted for the largest revenue share of 26.0% in 2020. The factors driving the growth of the segment are the increasing incidence of cardiovascular diseases and a surge in the number of thoracic surgeries.
- For instance, according to WHO, around 17.9 million people died in 2019 due to cardiovascular diseases. Furthermore, around 18.2 million adults aged 20 years and above have coronary artery disease.
- Whereas the accel evacuated segment is expected to witness a CAGR of 6.6% from 2021 to 2028. The launch of products by prominent market players and the increasing prevalence of burn injuries are a few factors driving the market for drainage bottles.
Based on the End-use Insights, the market is segmented into Hospitals clinics, Homecare, Nursing facilities, Others.
- The hospitals and clinics segment dominated the market for drainage bottles and accounted for the largest revenue share of 63.0% in 2020, owing to the specialized and customized treatment of the patients. Furthermore, the better outcome of results is also increasing the demand for hospitals.
- In addition, hospitals and clinics ensure that the patient receives personalized treatment with an improved patient experience since they do not have the challenge of budget and limited skilled staff as compared with the other end-use settings.
- The home care segment is expected to witness a CAGR of 6.5% in the market for drainage bottles from 2021 to 2028. Increasing healthcare costs is one of the major concerns for the governments and health organizations and they are striving to reduce the healthcare costs.
Browse through Grand View Research's Medical Devices Industry Research Reports.
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Drainage Bottles Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa (MEA)
Key Companies Profile Market Share Insights
Key players are focused on research and development activities to develop technologically advanced products to gain a competitive edge.
Some prominent players in the global drainage bottles market include
- PAHSCO
- PFM Medical, Inc.
- Lily Medical Corporation
- Hospitech
- MEDINORM Medizintechnik GmbH
- Jigsaw Medical, LLC
- B. Braun Medical Inc.
- Sterimed Group
- Rocket Medical plc
Order a free sample PDF of the Drainage Bottles Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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