Thoracic Drainage Devices Market Size, Share, And Growth Report 2032

Thoracic Drainage Devices Market Size

The global thoracic drainage devices market size was worth around USD 809.86 million in 2023 and is predicted to grow to around USD 1300.09 million by 2032 with a compound annual growth rate (CAGR) of roughly 5.4% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD million). The report covers a forecast and an analysis of the Thoracic Drainage Devices market on a global and regional level.

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Thoracic Drainage Devices Market: Overview

The removal of empyemas first executed many centuries ago, was the commencement of thoracic drainage. The following acquisition of a superior knowledge of the physiology, pathology, and anatomy of the pleural space defined the design of drainage systems and thoracic catheters and the advance of the methods. Furthermore, an improved understanding of the physics of air flow and vacuum carried out improvements in the usage of suction with drainage. The thoracic drainage devices are mainly used for disease symptoms of pneumothorax, pleural effusion, traumatic pneumothorax and cardiac surgery.

Factors such as growing preference for minimally invasive surgeries, increasing prevalence of cardiovascular disorders, improving reimbursement scenario, and growth in liability of spontaneous pneumothorax will act as major driving factors in the growth of global thoracic drainage devices market. Technological advancements in the field of medical devices and increasing awareness will act as an opportunity for the market players in the thoracic drainage devices market. Nonetheless, high cost of treatment and low awareness in developing regions will restrict the growth of global thoracic drainage devices market.

The study includes drivers and restraints for the thoracic drainage devices market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the thoracic drainage devices market on a global as well as regional level.

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In order to give the users of this report a comprehensive view on the thoracic drainage devices market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein Product Type and services segment is benchmarked based on their market size, growth rate and general attractiveness.

The report provides company market share analysis in order to give a broader overview of the key players in the thoracic drainage devices market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new Product Type launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the thoracic drainage devices market on global and regional basis.

Thoracic Drainage Devices Market: Segmentation

The global thoracic drainage devices market has been split into Product type, application, end use, and region.

Based on Product type, thoracic drainage devices market has been segmented into trocar drain, thoracic drainage system, secured needle, unsecured needle, thoracic drainage kit, and pleural drainage catheter. The thoracic drainage system segment accounted for the highest market share in 2023 due to growing preference for minimally invasive surgeries.

The application segment has been divided into cardiac surgery, thoracic surgery and pulmonology, emergency medicine and general intensive care, military medicine, infectious disease, pain management, and oncology.

Thoracic Drainage Devices Market: Report Scope

Thoracic Drainage Devices Market: Regional Analysis

North America will be the leading region during the forecast period. U.S. accounted for the highest share in the North America region due to presence of major market players and rapid uptake of latest technology. Europe is expected to be the second major market. The key reasons are presence of skilled physicians and high healthcare expenditure. Asia Pacific will grow at the topmost CAGR due to presence of large patient pool, rise in awareness regarding thoracic drainage devices. The Latin America region will grow at a significant rate during the assessment period. The Middle East & Africa region is expected to exhibit definite progression in the anticipated time-frame.

Thoracic Drainage Devices Market: Competitive Players

The report also includes detailed profiles of key players such as:

• Vygon S.A.
• Teleflex Incorporated
• Medtronic plc.
• Cook Medical
• ATMOS Medizin Technik GmbH & Co. KG
• C. R. Bard Inc.
• Utah Medical
• Medela
• MAQUET Holding B.V. & Co. KG
• Sinapi Biomedical
• Smiths Medical

The Global Thoracic Drainage Devices Market is segmented as follows:

Global Thoracic Drainage Devices Market: By Application

• Military Medicine
• Emergency Medicine and General Intensive Care
• Oncology
• Cardiac Surgery
• Pain Management
• Thoracic Surgery and Pulmonology
• Infectious Disease

Global Thoracic Drainage Devices Market: By Product Type

• Secured Needle
• Pleural Drainage Catheter
• Trocar Drain
• Thoracic Drainage Kit
• Unsecured Needle
• Thoracic Drainage System

Global Thoracic Drainage Devices Market: By End Use

• Ambulatory Surgery Centers
• Urgent Care
• Hospitals and Specialty Clinics
• Ambulance Services
• Others

Global Thoracic Drainage Devices Market: By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa