The global Drainage Bottles market size is expected to be worth around US$ 740.3 million by 2030, according to a new report by Vision Research Reports.
The global Drainage Bottles market size was valued at US$ 440.6 million in 2020 and is anticipated to grow at a CAGR of 7.0% during forecast period 2021 to 2030.
|Market Size||US$ 740.3 million by 2030|
|Growth Rate||CAGR of 7.0% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Application, End-use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||PAHSCO; PFM Medical, Inc.; Lily Medical Corporation; Hospitech; MEDINORM Medizintechnik GmbH; Jigsaw Medical, LLC; B. Braun Medical Inc.; Sterimed Group; Rocket Medical plc|
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 are used in surgeries such as thoracic surgery, and in the treatment of wounds. Thus, the increasing prevalence of wounds and rising number of accidents are a few factors increasing the demand for drainage bottles. For instance, as per the National Health Portal, in India, approximately 7 million people suffer from a type of burn injury every year. In addition, as per CDC, every year approximately 1.35 million people are killed in road accidents across the globe. Furthermore, around 20-50 million people suffer non-fatal injuries resulting in long-term disabilities.
During the COVID-19 pandemic, the demand for drainage bottles has increased due to the increased number of hospital admissions of people suffering from COVID-19. The increasing prevalence of COVID has also resulted in other diseases such as pneumonia, which do require chest drainage for treatment, thus, increasing the demand for drainage bottles.
By Application Analysis
The chest drainage segment dominated the market for drainage bottles and accounted for the largest revenue share of 27.0% 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.
Accel evacuated segment is expected to witness a CAGR of 7.6% from 2021 to 2030. 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.
By End-use Analysis
The hospitals and clinics segment dominated the market for drainage bottles and accounted for the largest revenue share of 64.0% 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.
The home care segment is expected to witness a CAGR of 7.5% in the market for drainage bottles from 2021 to 2030. Increasing healthcare costs is one of the major concerns for the governments and health organizations and they are striving to reduce the healthcare costs.
By Regional Analysis
Asia Pacific dominated the drainage bottles market and accounted for the largest revenue share of 30.1% in 2020. An increase in the number of hospitals, nursing homes, increasing government expenditure on healthcare, and a rising number of accidents are a few factors driving the market for drainage bottles.
The Middle East and Africa region is expected to witness a CAGR of 7.6% in the market for drainage bottles from 2021 to 2030. Factors such as the rising incidence of sports-related injuries, initiatives to attract healthcare providers, and increasing healthcare expenditure are contributing to the increasing demand for drainage bottles in the region.
PFM Medical, Inc.
Lily Medical Corporation
MEDINORM Medizintechnik GmbH
Jigsaw Medical, LLC
B. Braun Medical Inc.
Rocket Medical plc
Hospitals & clinics
Middle East and Africa (MEA)
The Drainage Bottles market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Drainage Bottles market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Drainage Bottles market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Drainage Bottles market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Drainage Bottles market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Drainage Bottles capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Drainage Bottles by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Drainage Bottles market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Drainage Bottles market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Drainage Bottles market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Drainage Bottles industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Drainage Bottles market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Drainage Bottles market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Drainage Bottles market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Drainage Bottles market. These factors have benefited the growth of the global market for Drainage Bottles. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Drainage Bottles. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Drainage Bottles are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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