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Thoracic Drainage Devices Market To Power And Grow At A CAGR Of More Than 5.3% By 2026 – ZMR

As per Zion Market Research, the thoracic drainage devices market was valued almost USD 616.4 million in 2018 and is expected to generate revenue of around USD 879.3 million by end of 2025, growing at a CAGR of around 5.3% between 2019 and 2025. As per requirement indicators, the altering paradigms of patient inclinations to minimally-invasive surgeries from open surgeries reflect powerfully on the growth of thoracic drainage devices market.

Major players active in the thoracic drainage devices market are MAQUET Holding B.V. & Co. KG (Getinge AB), C. R. Bard, Inc. (BD), Teleflex Incorporated, Smiths Medical (Smiths Group plc), Medtronic, Vygon SA, Utah Medical Products, Inc., Cook Medical, Sinapi Biomedical, ATMOS MedizinTechnik GmbH & Co. KG, Rocket Medical plc, and Medela AG.

Thoracic Surgery And Pulmonology Category Grabbed A Huge Share Of The Global Thoracic Drainage Devices Market In 2019

In spite of an elevation in thoracic drainage devices’ applications, comprising military damage control, cardiac surgery, and general intensive care, thoracic surgery and pulmonology category grabbed a huge share of the global thoracic drainage devices market in 2019. A surge in thoracic operations, due to the increasing hospitalization incidences of pleural effusions and pneumothorax, is expected to create requirement for thoracic drainage machines. On the other hand, a sharp increment in the acceptance of these machines is observed for pain management and oncology applications, provided the ease given by early diagnostic and advanced techs for the tumor detection.

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Hospitals And Specialty Clinics Added Up For More Than 59% Share Of The Global Market

Trends also powered the growth of the global market, considering the adoption of improved thoracic drainage devices in military clinics, hospitals, ambulatory surgery centers, and outpatient & urgent care centers, among which, hospitals and specialty clinics added up for more than 59% share of the global market. In addition to this, the increasing proclivity of patients for enhanced recovery times is expected to power the growth of thoracic drainage devices market owing application in outpatient care hubs in the years to come.

Asia Pacific Expected To Develop At An Exponential Rate In Terms Of Attractiveness During 2019–2025

High concentration of surgical centers, hospitals, and outpatient care centers, amongst others, shows long-term growth avenues for major companies. In 2019, North America added up more than 36% of share, while tracing the footsteps of developed nations, developing nations of Asia Pacific are expected to develop at an exponential rate in terms of attractiveness during 2019–2025.

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This review is based on a report by Zion Market Research, titled “Thoracic Drainage Devices Market – by End use (Hospitals and Specialty Clinics, Ambulance Services, Ambulatory Surgery Centers, Urgent Care/Outpatient Care, and Military Surgeons), by Product (Trocar Drain, Thoracic Drainage System, Secured Needle, Unsecured Needle, Thoracic Drainage Kit, and Pleural Drainage Catheter), by Application (Cardiac Surgery, Thoracic Surgery and Pulmonology, Infectious Disease, General Intensive Care and Emergency Medicine, Military/Damage Control/Disaster Medicine, Oncology, and Pain Management) – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026”

The global thoracic drainage devices market is segmented as follows:

By Product

  • Pleural Damage Catheters
  • Secured Needles
  • Thoracic Drainage Kits
  • Thoracic Drainage Systems
  • Trocar Drains
  • Unsecured Needles

By Application

  • Cardiac Surgery
  • General Intensive Care & Emergency Medicines
  • Infectious Diseases
  • Military/Damage Control/Disaster Medicines
  • Oncology & Pain Management
  • Thoracic Surgery & Pulmonology

By End Use

  • Ambulance Services
  • Ambulatory Surgery Centers
  • Hospitals & Specialty Clinics
  • Military Surgeons
  • Urgent Care or Outpatient Care

By Region

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

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Last Updated: 24-Aug-2020