The drainage consumables market is poised to grow at a CAGR of 2.8% between 2020 and 2024, driven by factors such as the rising incidence of chronic diseases, improved healthcare infrastructure, and increasing number of surgeries. Government initiatives to enhance public healthcare systems are also fueling market expansion. As per P&S Intelligence, the market is set to increase from $1,604.0 million in 2019 to $1,823.1 million by 2024. Furthermore, rising disposable incomes and a growing prevalence of infectious diseases are contributing to the demand for drainage consumables.
A major contributor to the market growth is the increase in chronic illnesses, particularly diabetes, which often leads to urinary and kidney-related conditions. Drainage consumables, such as catheters and drainage bags, are essential for treating these ailments. According to the World Health Organization (WHO), over 422 million people worldwide currently live with diabetes, indicating a growing need for these medical products.
Product innovations have also become a significant trend, with U.S.-based manufacturers investing heavily in developing advanced products to expand their customer base and strengthen market positions. For instance, in December 2019, Merit Medical Systems Inc. introduced the ReSolve Mini locking drainage catheter, designed to improve patient safety by effectively draining fluids from body cavities.
In April 2020, Bactiguard AB launched the BIP Foley TempSensor, a urinary catheter designed for ICU patients and surgeries where constant temperature monitoring is critical. This sensor helps prevent infections and is available in multiple sizes. Similarly, Cook Medical introduced the Hercules 100 Transnasal Esophageal Balloon in October 2020, a tool designed to assist ENT physicians in treating esophageal strictures in the U.S.
The product categories within this market include catheters, reservoirs, drainage bags, and high/low-vacuum consumables. Of these, drainage bags held the largest market share in 2019 due to their frequent replacement to prevent urinary tract infections (UTIs). UTIs remain the most common outpatient infection in the U.S., as noted by the National Institute of Health.
Regionally, North America led the market in 2019, a trend expected to continue throughout the forecast period. This dominance is mainly due to the high incidence of chronic kidney disease (CKD). According to a 2021 CDC report, around 37 million adults in the U.S. are affected by CKD, with more than 1 in 7 adults suffering from this condition.
In conclusion, the increasing prevalence of chronic illnesses and the surge in product innovations are key drivers of growth in the drainage consumables market.
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