Thoracic Drainage Devices sales are estimated to be worth about US$ 688 million globally in 2022. By the end of 2032, the market is expected to have grown by 4.6% CAGR. The thoracic drainage devices market refers to the medical devices used to drain fluid, blood, or air from the pleural cavity in the chest. These devices are commonly used in patients with conditions such as pneumothorax (collapsed lung), pleural effusion (buildup of fluid in the pleural cavity), or hemothorax (accumulation of blood in the pleural cavity).
Some common types of thoracic drainage devices include chest tubes, pleural catheters, and thoracentesis kits. These devices are typically inserted into the pleural cavity through a small incision in the chest wall and connected to a drainage system that allows the fluid or air to be removed.
The thoracic drainage devices market is driven by factors such as an increase in the prevalence of respiratory diseases, rising geriatric population, and advancements in medical technology. The market includes both reusable and disposable devices and is expected to continue to grow in the coming years.
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Key Takeaways from Market Study
- The current market value for thoracic drainage devices is US$ 688 million.
- By 2032, the market is anticipated to grow to $1.07 billion USD.
- The market for thoracic drainage devices in China is anticipated to grow at a CAGR of 4.3% between 2022 and 2032.
- The market for thoracic drainage devices used in pulmonology and thoracic surgery is anticipated to grow at a CAGR of 5.2% from 2022 to 2032.
Which Region is Dominating the Sales Graph of Thoracic Drainage Device Suppliers?
The global market for thoracic drainage devices is expected to continue growing in the coming years, driven by factors such as an increasing prevalence of thoracic diseases, advancements in technology, and a growing aging population. While there is no specific region that dominates the sales graph, the market is expected to see significant growth in regions such as North America, Europe, and Asia-Pacific.
Within these regions, countries such as the United States, China, and Japan are expected to be key players in the market due to their large populations and increasing healthcare expenditure. However, emerging economies in regions such as Latin America and the Middle East are also expected to see growth in the market as healthcare infrastructure continues to develop.
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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 optimisation techniques based on end-user usability.
- Blackpool Victoria Hospital announced in October 2020 that it had partnered with Medela Healthcare and would use Medela’s transportable chest drainage device Thopaz+ to reduce the likelihood of Covid-19 spreading in its respiratory wards.
- In March 2021, FourKites and Cardinal Health, Inc. formed a global partnership to improve the tracking of medical supplies, medications, first aid kits, and personal protective equipment (PPE) in transit to pharmacies, hospitals, and other care facilities around the world. Cardinal Health’s excellent analytics and tracking capabilities were anticipated to help Cardinal Health improve supply chain procedures and enable a quick, dependable, and frictionless experience for the 29,000 dispensaries and nearly 90% of American hospitals that depend on Cardinal Health for essential supplies.
Key Companies Profiled
- ATMOS MedizinTechnik GmbH & Co., KG.
- Becton, Dickinson Company
- Cook Group, Inc.
- Maquet Holding B.V. & Co. KG
- Medela, Inc.
- Medtronic PLC
- Sinapi Biomedical
- Smiths Medical
- Teleflex Inc.
- Utah Medical Products, Inc.
- Vygon SA
