Drainage bottle market sales were valued at US$ 473.3 million in 2021, and from 2022 to 2032, they are projected to increase at a CAGR of 8.5%. The market is expected to offer a US$640 million opportunity in terms of absolute value. The garbage bottle industry should grow as cardiovascular disease becomes more common.
More than 18.6 million individuals died from cardiovascular diseases in 2019, an increase of more than 17.1% over the previous ten years, according to American Heart Association statistics on heart disease and stroke. More than 523.2 million instances of cardiovascular illnesses were reported in 2019, an increase of more than 26.6% from 2010.
Due to rising rates of diabetes, cancer, and cardiovascular disorders, the U.S. is predicted to dominate the global market.
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Major Stakeholders
- PAHSCO
- PFM Medical, Inc.,
- Lily Medical Corporation
- Hospitech
- MEDINORM Medizintechnik GmbH
- Jigsaw Medical, LLC
- B. Braun Medical Inc.,
- Sterimed Group
- Rocket Medical plc.
Key Emphasize
- Middle East and Africa drainage bottle market is expected to grow swiftly during the forecast period.
- China is projected to lead the growth of the drainage bottles market, registering growth at a CAGR of 10.8%.
- Sales of drainage bottles in South Korea are anticipated to grow at 10.7% CAGR, while Japan is expected to witness impressive growth at 10.4% CAGR.
- In terms of application, accel evacuated segment is poised to expand at 8.7% CAGR over the assessment period.
- The demand in the drainage bottles market is predicted to increase by 2.5x during the projection period.
- With the increase in the number of accidents and the frequency of injuries, the demand for the drainage bottles has increased significantly.
- Unprecedented outbreak of COVID has led to the emergence of illnesses such as pneumonia requiring chest tubes for treatment, increasing the demand for drainage bottles.
Competitive Landscape:
Key players in the global drainage bottles market are focused on bringing innovation to the industry through research and development. In order to grow strategically, these companies are adopting various techniques such as mergers and acquisitions. They are also diversifying their portfolios, developing their distribution networks through product launches and collaborations.
For instance,
- 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.
Segment Insights
Fact.MR, in its latest study drainage bottles market, provides unbiased analysis on factors propelling the growth over the forecast period (2022-2032). The study also provides an in-depth analysis of the opportunities and drivers expected to drive demand for drainage bottles through comprehensive segmentation as follows:
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
By Region
- North America
- Latin America
- Europe
- APAC
- Middle East & Africa
Key Questions Covered in the Drainage Bottles Market Report
- What will be the demand outlook for the drainage bottles market during the forecast period?
- Which are the challenges faced in the drainage bottles market?
- Which region will lead the growth in the global drainage bottles market during 2022-2032?
- What is the projected market valuation of the drainage bottles market in 2032?
- Which are the factors driving the demand for drainage bottles during 2022-2032?
- Which application will generate maximum revenue in the global drainage bottles market?
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