According to the research report titled, ‘Global Drainage Bottles Market Size study, by Application (Accel Evacuated, Urostomy/Urinary, Chest Drainage, Peritoneal Drainage, Wound Drainage, Others), By End-Use (Hospitals & Clinics, Homecare, Nursing Facilities, Others) and Regional Forecasts 2021-2027’, available with the MarketStudyReport, global drainage bottles market was worth USD 434.6 million in 2020 and is expected to register 6% CAGR during over the study period, eventually reaching USD 653.5 million by the year 2027.
 

The rising number of cardiovascular diseases and uremia cases is one of the major factors leading to the growth of global drainage bottles market. High occurrence of road accidents coupled with growing public awareness towards healthcare are also fueling the overall market size.
 

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For the uninitiated, drainage bottles are commonly used treating wounds and surgeries, such as in serious injuries and thoracic surgery. These bottles are utilized in a variety of settings such as nursing homes, clinics, hospitals, and homecare among others.
 

Escalating expenditure towards improving the healthcare infrastructure is also stimulating the overall industry outlook. However, strict government restrictions which promote the use of eco-friendly products could as a major limitation to global drainage bottles market growth over the forecast period.
 

By application scope, the market is divided into wound drainage, chest drainage, urinary, accel evacuated, peritoneal drainage, and others. As per end-user landscape, the industry is segmented by nursing facilities, homecare, clinic hospitals, and others. 
 

The geographical analysis of this industry space includes Latin America, Europe, North America, and Asia Pacific, with key emphasis on countries such as the U.K., France, Italy, Spain, Germany, China, India, Japan, Australia, South Korea, the U.S., and Canada among others.
 

As per the report, Asia Pacific accounts for the largest share in the global drainage bottles market owing to increased pervasiveness of chronic diseases and growing numbers of hospitals.
 

On the other end, Middle East and Africa is also estimated to see significant growth during the study period, primarily due to rising healthcare expenditure and growing health awareness among the people.

The competitive landscape of the global drainage bottles market is defined by companies like Medela AG, Rocket Medical plc, Sterimed Group, B. Braun Medical Inc., Jigsaw Medical, MEDINORM Medizintechnik GmbH, Hospitech Management Consultants Pvt. Ltd., Lily Medical Corporation, Pfm Medical Inc., and PAHSCO.