Growth Drivers
Challenges
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. North America is expected to gather the largest market share over the forecast period. The substantial demand for surgical drainage systems across North America can be attributable to the growing prevalence of acute and chronic wounds post-surgery and the rising number of surgical procedures of all types. The increased prevalence of chronic diseases such as cardiovascular disease, diabetes and others also contribute to the market. Meanwhile, Asia Pacific is predicted to rise at an impressive growth rate during the assessment period, driven by an increased geriatric population, rising demand of advanced wound drainage systems and improving healthcare facilities in the region. As per the analysis of Centers of Disease Control and Prevention, heart disease costs the United States about $219 billion each year from 2014 to 2015. This includes the cost of health care services, medicines, and lost productivity due to death.
The global wound drainage market is further classified on the basis of region as follows:
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
3.8% |
Base Year Market Size (2024) |
USD 2.41 billion |
Forecast Year Market Size (2037) |
USD 3.91 billion |
Regional Scope |
|
Author Credits: Radhika Pawar
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