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The Thoracic Drainage Devices Market size was estimated at USD 552.63 million in 2023, USD 585.24 million in 2024, and is expected to grow at a CAGR of 6.67% to reach USD 868.43 million by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Thoracic drainage devices facilitate the removal of bodily fluids and air from the chest cavity during thoracic surgery. Recent medical advancements have led to increased diagnosis and treatment of respiratory ailments, including pneumonia, COPD, pleural effusion, and other disorders which require chest drainage. Lifestyle factors such as smoking or a lack of exercise can contribute to the likelihood of developing thoracic diseases or conditions, where thoracic drainage devices are essential tools for managing these patients’ symptoms. Cardiovascular and respiratory diseases have increased the need for thoracic drainage devices. Favorable reimbursement policies for CVD surgeries have further created the provision for these devices. Inclination toward minimally-invasive surgeries has led medical device companies to build appropriate chest drains. However, the market also faces restraints due to surging product recalls and complications associated with thoracic surgery and insertion of drainage devices. Technological advancements in thoracic drainage devices and the introduction of digital chest drainage systems for telemedicine activities have created opportunities for product expansion.
Regional Insights
The Americas and European region have observed increased use of thoracic drainage devices, driven by the prevalence of surgeries and the presence of established players offering advanced and digital devices. As per the Society of Thoracic Surgeons General Thoracic Surgery Database (GTSD), there are more than 700,000 general thoracic surgery procedure records and over 1,000 participating surgeons in the U.S. With the high adoption of minimally invasive surgeries, market players in the U.S. and Europe have introduced devices that cater specifically to them. Medical researchers in Asian countries, such as China, Japan, India, and Australia, are conducting studies on digital thoracic drainage devices that are wifi-based. The growing awareness of cardiovascular surgeries and treatments in the region has led to a rise in the number of surgeries adopted in the region. Moreover, the U.S. and Europe are offering improved reimbursements for CVD surgeries and thoracic drainage devices, providing patients with a cost-effective medical experience.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Thoracic Drainage Devices Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Thoracic Drainage Devices Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Thoracic Drainage Devices Market, highlighting leading vendors and their innovative profiles. These include Advin Health Care, Alpha Medicare and Devices Ltd., Angiplast Private Limited, ATMOS MedizinTechnik GmbH & Co. KG, B. Braun SE, Becton, Dickinson Company, Canadian Hospital Specialties Limited, Cardinal Health, Inc., CONMED Corporation, Cook Group Incorporated, Desco Medical India, EndoMed Systems GmbH, Getinge AB, GPC Medical Ltd., ICU Medical, Inc., Medela AG, Medline Industries, LP, Medtronic PLC, Merit Medical Systems, Inc., Poly Medicure Limited, Proexamine Surgicals Private Limited, Rocket Medical PLC, Romsons Group of Industries, SENKO MEDICAL INSTRUMENT Mfg. CO., LTD., Sinapi Biomedical, Sterimed Group, Teleflex Incorporated, Unimax Medical Systems Inc., Utah Medical Products, Inc., and Vygon SAS.Market Segmentation & Coverage
This research report categorizes the Thoracic Drainage Devices Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- Pleural Damage Catheters
- Thoracic Drainage Kits
- Thoracic Drainage Systems
- Trocar Drains
- Application
- Cardiac Surgery
- Disaster Control Medicine
- General Incentive Care & Emergency Medicine
- Infectious Disease
- Oncology & Pain Management
- Thoracic Surgery & Pulmonology
- End-User
- Ambulatory Surgical Centers
- Hospitals & Clinics
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Thoracic Drainage Devices Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Thoracic Drainage Devices Market?
- What are the technology trends and regulatory frameworks in the Thoracic Drainage Devices Market?
- What is the market share of the leading vendors in the Thoracic Drainage Devices Market?
- Which modes and strategic moves are suitable for entering the Thoracic Drainage Devices Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Thoracic Drainage Devices Market, by Product
7. Thoracic Drainage Devices Market, by Application
8. Thoracic Drainage Devices Market, by End-User
9. Americas Thoracic Drainage Devices Market
10. Asia-Pacific Thoracic Drainage Devices Market
11. Europe, Middle East & Africa Thoracic Drainage Devices Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
List of Figures
List of Tables
Companies Mentioned
- Advin Health Care
- Alpha Medicare and Devices Ltd.
- Angiplast Private Limited
- ATMOS MedizinTechnik GmbH & Co. KG
- B. Braun SE
- Becton, Dickinson Company
- Canadian Hospital Specialties Limited
- Cardinal Health, Inc.
- CONMED Corporation
- Cook Group Incorporated
- Desco Medical India
- EndoMed Systems GmbH
- Getinge AB
- GPC Medical Ltd.
- ICU Medical, Inc.
- Medela AG
- Medline Industries, LP
- Medtronic PLC
- Merit Medical Systems, Inc.
- Poly Medicure Limited
- Proexamine Surgicals Private Limited
- Rocket Medical PLC
- Romsons Group of Industries
- SENKO MEDICAL INSTRUMENT Mfg. CO., LTD.
- Sinapi Biomedical
- Sterimed Group
- Teleflex Incorporated
- Unimax Medical Systems Inc.
- Utah Medical Products, Inc.
- Vygon SAS
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 186 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 585.24 Million |
| Forecasted Market Value ( USD | $ 868.43 Million |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
