The global sales of thoracic drainage devices are valued at around US$ 688 million in 2022, with the market projected to register a 4.6% CAGR and top a valuation of US$ 1.07 billion by the end of 2032.
The healthcare industry of thoracic drainage devices consists of goods used to drain extra blood, fluid, or air from the chest cavity or pleural space. Patients with conditions like pneumothorax, hemothorax, pleural effusion, or empyema are frequently treated with these devices. A rise in the prevalence of lung cancer and chronic obstructive pulmonary disease (COPD), as well as an increase in the number of surgeries involving the chest cavity, are driving the market for thoracic drainage devices. The growth of the market has also been accelerated by the development of novel and inventive products that are more effective and simple to use as a result of technological advancements.
Chest tubes, thoracentesis catheters, pleural drainage systems, and thoracoscopy equipment are a few of the different kinds of thoracic drainage devices on the market. These tools can be applied in a range of clinical settings, such as clinics, hospitals, and ambulatory surgical centers.
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Key Takeaways from Market Study
Winning Strategy
The rise in chronic disease cases is the main factor behind the development of thoracic drainage devices. Thoracic drainage device industry leaders are implementing cutting-edge technologies and product line optimization techniques based on end-user usability.
Key Companies Profiled
North America is the largest market for thoracic drainage devices, followed by Europe and Asia Pacific. The market is highly competitive, with key players including Medtronic plc, Teleflex Incorporated, Smiths Medical, B. Braun Melsungen AG, and Cook Medical. These companies focus on developing innovative products, expanding their geographic presence, and acquiring other companies to enhance their market position.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global thoracic drainage devices market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market on the basis of product (pleural drainage catheters, secured needles, thoracic drainage kits, thoracic drainage systems), application (thoracic surgeries & pulmonology, cardiac surgeries, general intensive care & emergency medicine, infectious diseases, others), and end user (hospitals, ambulatory surgical centers, specialty clinics, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
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Jun 27, 2023