google-site-verification=5mXTZs0RdDCeTpcCGBeUc2HF9uNdM1rSAr9sRldwfdY Surgical Drainage Devices Market is expected to Witness Massive Advancements as Industry Leader Integra LifeSciences Completes Acquisition of Arkis Biosciences Inc. ~ CMI Blog Absolutes

Surgical Drainage Devices Market is expected to Witness Massive Advancements as Industry Leader Integra LifeSciences Completes Acquisition of Arkis Biosciences Inc.

 


Surgical drain cleaning equipment plays an integral part in ensuring maximum productivity in the healthcare industry. These devices are meant to evacuate fluid and prevent the buildup of air at the surgical site. This is done with the use of vacuum or wall suction. The majority of these devices use negative pressure therapy to drain fluid from the surgical site. Demand for such medical devices has increased at a rapid pace due to their various advantages which make them highly useful.

The increasing prevalence of chronic diseases such as cancer, cardiovascular disease, and kidney disease is expected to drive the growth of the global surgical drainage devices market during the forecast period. According to the World Health Organization (WHO), in 2018, around 9.6 million deaths were attributed to cancer across the globe. According to the same source, around 70% of deaths from cancer occur in emerging economies. Moreover, according to the WHO, around 17.9 million people die from cardiovascular diseases each year globally. According to the same source, in 2010, around 2.3-3.7 million people were suffering from end-stage kidney disease. These above-mentioned diseases require significant surgical procedures and hence, it is boosting the demand for surgical drainage devices. Therefore, these factors are expected to drive the growth of the global surgical drainage devices market during the forecast period. Moreover, an increasing number of surgical procedures being performed worldwide is expected to boost the global surgical drainage devices market growth over the forecast period.

However, lack of clinical expertise in emerging regions such as The Asia Pacific and Africa leading to various complications are expected to restrain the growth of the global surgical drainage devices market during the forecast period. Among regions, North America is expected to witness significant growth in the global surgical drainage devices market during the forecast period. This is owing to increasing research and development activities and proactive government initiatives towards the reduction of chronic diseases. Furthermore, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to the rising penetration of healthcare companies in emerging countries such as India, Indonesia, and China.

Key players operating in the global surgical drainage devices market are Acelity, Stryker, Teleflex Inc., Cook Medical, Cardinal Health, Medtronic, B. Braun Melsungen AG, Integra LifeSciences, Johnson and Johnson, and Smith and Nephew plc.

For instance, in July 2019, Integra LifeSciences Holdings Corporation, a medical technology company, acquired Arkis Biosciences Inc., a neurosurgical devices company.  

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