As per this study the Global Thoracic Drainage Device Market was valued USD 1266.13 MN (by revenue) in 2022 and is anticipated to reach USD 776.63 MN by 2030 with a CAGR of 6.3%.
Thoracic drainage device or chest drainage device is used to collect the air, fluids, chyle, pus, blood or Pleural effusion from the intrathoracic space. It is used to preserving lung function and prevents lung collision. It is used in healthcare facilities for thoracic surgeries, cardiac surgery, intensive care and other infectious diseases infecting lungs.
Market Dynamics
Rising occurrence and awareness regarding cardiovascular conditions along with shifting preference towards minimally invasive surgeries is driving the demand for thoracic drainage device. Diabetes, obesity, hypertension and other lifestyle-related disorders are increasing the incidence of pulmonary and heart disease. This is further escalating market growth. However, lack of medical expertise with a low rate of penetration especially in underdeveloped nations is likely to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of thoracic drainage device.
Market Segmentation
The broad thoracic drainage device market has been sub-grouped into product type, end-user and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
- Pleural Drainage Catheters
- Secured Needles
- Unsecured Needles
- Thoracic Drainage Kits
- Thoracic Drainage Systems
- Trocar Drents
By Application
- Cardiac Surgery
- General Intensive Care & Emergency Medicine
- Infectious Diseases
- Military/Damage Control/Disaster Medicine
- Oncology & Pain Management
- Thoracic Surgery & Pulmonology
By End-user
- Ambulance Services
- Ambulatory Surgery Centers
- Hospitals & Specialty Clinics
- Anesthesiologist
- Cardiologist
- Infectiologist
- Pulmonologist
- Other medical Specialists
- Military Surgeons
- Urgent Care or Qutpatient Care
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for thoracic drainage device in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Thoracic Drainage Device Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the thoracic drainage device market include Medtronic plc, Becton, Dickinson and Company (BD), Getinge AB, Teleflex Incorporated, Strimed Group, ICU medical (Smiths Medical), Cook Medical, Cardinal Health Inc, Vygon SA, Utah Medical Products Inc., AIMOS Medizintechnik GmbH & Co. KG, Sinapi Biomedical. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.