Chest Drainage Unit Market Forecast and Scope - 2031
The Chest Drainage Unit Market is expected to register a CAGR of 5.4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Traditional Drains, Mobile Drains). The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Chest Drainage Unit Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Chest Drainage Unit Market Segmentation
Product- Traditional Drains
- Mobile Drains
Strategic Insights
Chest Drainage Unit Market Growth Drivers- Rising Incidence of Respiratory Conditions: The growing occurrence of breathing diseases like pneumonia, lung cancer, and chronic obstructive pulmonary disease (COPD) is one of the potent factors impacting the growth of the chest drainage unit market. Such diseases usually require chest drainage procedures in order to decompress various effusions within the pleural cavity. When such conditions become more prevalent, there is a corresponding increase in the need for safe and effective drainage methods.
- Growing Surgical Procedures: An increasing count of surgical operations, especially within thoracic surgeries, is another factor supportive of the growth of the chest drainage unit market. With the advancement and wide application of surgical techniques, there is an increasing demand for efficient chest drainage systems that will help to control post-operative complications like pleural effusion or pneumothorax. In this regard, chest drainage units are central to the surgical process in terms of improving outcomes and patient safety.
- Technological Advancements in Medical Devices: Innovations in medical equipment and instruments are filling up the gap in the expansion of the chest drainage unit market. Developments like digitized measurements and monitoring equipment, advanced catheter types, and lightweight drainage devices come with improved purpose and comfort for the patients. Thus, it is through these techniques that chest drainage systems will be assured in terms of efficiency and support the needs of the patients within the health care system, hence enhancing the usage of these devices.
- Shift Towards Minimal Invasive Techniques: One of the key factors driving growth in the chest drainage unit market is the emphasis on less invasive techniques. More and more health care service providers are more comfortable with the use of smaller and less invasive drainage systems which enhances their comfort levels and accelerates their recovery period. This particular trend is a reflection of the safe surgery movement which is the aim of most innovations in design chest drainage unit.
- Integration of Smart Technology: The smart technology enhancement in chest drainage units is changing the market dynamics. These devices contain sensors and protocols for digital monitoring that can measure the volume of fluid and the condition of the patient at any given moment. This trend supports clinical decision making and management of patients and makes it possible to deliver chest drainage units in the context of telemedicine, thus improving their usability in a variety of healthcare services.
- Focus on Patient-Centric Designs: Attention to patients’ designs is also another factor that is on the rise in the chest drainage unit market. The manufacturers are coming up with practices that orient the customers to the design of the system. Incorporation of lightweight materials, customer friendly structures and easy to use devices address the customers needs thus encouraging the patients to comply with the chest drainage management and improving the overall satisfaction of the patients’ care.
- Expansion in Emerging Markets: Frail chest drainage unit market is faced with a constructive corner - the fast developing healthcare systems in the emerging markets have significant and attractive fakes for expansion. Such regions are constantly improving primary health care systems as well as access to advanced technologies in healthcare provision; hence, effective chest drainage solutions will be in great demand. It would be relevant to this growth, by adapting offerings to the local market and working with local partners.
- Development of Advanced Portable Units: These research areas are very promising in the innovation of sophisticated portable chest drainage units. More and more patients are looking for effective healthcare alternatives that are trouble free and do not require hospital admission. Developing lightweight, efficient, and easy to handle devices that allow after care procedures at home is likely going to boost satisfaction in the patient’s healing process. Such a trend is in coherence with the increasing attention that is on home healthcare; hence the need for efficient portable drainage systems.
- Collaborations with Healthcare Institutions: Working together with clinics and hospitals provides a very interesting perspective in the chest drainage unit market. When working with hospitals and surgical centers, companies get to understand how their products are applied in practice and what is the demand for certain features in the developed solutions. Such relations may contribute to carrying out clinical studies and testing projects confirming the role of chest drainage units in positive patient outcomes and care improvement.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Chest Drainage Unit Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Chest Drainage Unit Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Becton, Dickinson and Company, Getinge, Medtronic, Merit Medical Systems, Teleflex, Redax, Armstrong Medical, Chimed, Smiths Medical, PFM Medical are some of the major market players operating in the market
Asia Pacific region dominated the chest drainage unit market in 2023
North America region dominated the chest drainage unit market in 2023
The Chest Drainage Unit Market is estimated to witness a CAGR of 5.4% from 2023 to 2031
The major factors driving the chest drainage unit market are:
1.Rising Incidence of Respiratory Conditions
2.Growing Surgical Procedures
3. Technological Advancements in Medical Devices
The Traditional drains segment accounts for highest revenue in product sgement in 2023
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Chest Drainage Unit Market - By Product
1.3.2 Chest Drainage Unit Market - By Region
1.3.2.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CHEST DRAINAGE UNIT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CHEST DRAINAGE UNIT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CHEST DRAINAGE UNIT MARKET - GLOBAL MARKET ANALYSIS
6.1. CHEST DRAINAGE UNIT - GLOBAL MARKET OVERVIEW
6.2. CHEST DRAINAGE UNIT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CHEST DRAINAGE UNIT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. TRADITIONAL DRAINS
7.3.1. Overview
7.3.2. Traditional Drains Market Forecast and Analysis
7.4. MOBILE DRAINS
7.4.1. Overview
7.4.2. Mobile Drains Market Forecast and Analysis
8. CHEST DRAINAGE UNIT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America Chest Drainage Unit Market Overview
8.1.2 North America Chest Drainage Unit Market Forecasts and Analysis
8.1.3 North America Chest Drainage Unit Market Forecasts and Analysis - By Product
8.1.4 North America Chest Drainage Unit Market Forecasts and Analysis - By Countries
8.1.4.1 United States Chest Drainage Unit Market
8.1.4.1.1 United States Chest Drainage Unit Market by Product
8.1.4.2 Canada Chest Drainage Unit Market
8.1.4.2.1 Canada Chest Drainage Unit Market by Product
8.1.4.3 Mexico Chest Drainage Unit Market
8.1.4.3.1 Mexico Chest Drainage Unit Market by Product
8.2. EUROPE
8.2.1 Europe Chest Drainage Unit Market Overview
8.2.2 Europe Chest Drainage Unit Market Forecasts and Analysis
8.2.3 Europe Chest Drainage Unit Market Forecasts and Analysis - By Product
8.2.4 Europe Chest Drainage Unit Market Forecasts and Analysis - By Countries
8.2.4.1 Germany Chest Drainage Unit Market
8.2.4.1.1 Germany Chest Drainage Unit Market by Product
8.2.4.2 France Chest Drainage Unit Market
8.2.4.2.1 France Chest Drainage Unit Market by Product
8.2.4.3 Italy Chest Drainage Unit Market
8.2.4.3.1 Italy Chest Drainage Unit Market by Product
8.2.4.4 Spain Chest Drainage Unit Market
8.2.4.4.1 Spain Chest Drainage Unit Market by Product
8.2.4.5 United Kingdom Chest Drainage Unit Market
8.2.4.5.1 United Kingdom Chest Drainage Unit Market by Product
8.2.4.6 Rest of Europe Chest Drainage Unit Market
8.2.4.6.1 Rest of Europe Chest Drainage Unit Market by Product
8.3. ASIA-PACIFIC
8.3.1 Asia-Pacific Chest Drainage Unit Market Overview
8.3.2 Asia-Pacific Chest Drainage Unit Market Forecasts and Analysis
8.3.3 Asia-Pacific Chest Drainage Unit Market Forecasts and Analysis - By Product
8.3.4 Asia-Pacific Chest Drainage Unit Market Forecasts and Analysis - By Countries
8.3.4.1 Australia Chest Drainage Unit Market
8.3.4.1.1 Australia Chest Drainage Unit Market by Product
8.3.4.2 China Chest Drainage Unit Market
8.3.4.2.1 China Chest Drainage Unit Market by Product
8.3.4.3 India Chest Drainage Unit Market
8.3.4.3.1 India Chest Drainage Unit Market by Product
8.3.4.4 Japan Chest Drainage Unit Market
8.3.4.4.1 Japan Chest Drainage Unit Market by Product
8.3.4.5 South Korea Chest Drainage Unit Market
8.3.4.5.1 South Korea Chest Drainage Unit Market by Product
8.3.4.6 Rest of Asia-Pacific Chest Drainage Unit Market
8.3.4.6.1 Rest of Asia-Pacific Chest Drainage Unit Market by Product
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa Chest Drainage Unit Market Overview
8.4.2 Middle East and Africa Chest Drainage Unit Market Forecasts and Analysis
8.4.3 Middle East and Africa Chest Drainage Unit Market Forecasts and Analysis - By Product
8.4.4 Middle East and Africa Chest Drainage Unit Market Forecasts and Analysis - By Countries
8.4.4.1 South Africa Chest Drainage Unit Market
8.4.4.1.1 South Africa Chest Drainage Unit Market by Product
8.4.4.2 Saudi Arabia Chest Drainage Unit Market
8.4.4.2.1 Saudi Arabia Chest Drainage Unit Market by Product
8.4.4.3 U.A.E Chest Drainage Unit Market
8.4.4.3.1 U.A.E Chest Drainage Unit Market by Product
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America Chest Drainage Unit Market Overview
8.5.2 South and Central America Chest Drainage Unit Market Forecasts and Analysis
8.5.3 South and Central America Chest Drainage Unit Market Forecasts and Analysis - By Product
8.5.4 South and Central America Chest Drainage Unit Market Forecasts and Analysis - By Countries
8.5.4.1 Brazil Chest Drainage Unit Market
8.5.4.1.1 Brazil Chest Drainage Unit Market by Product
8.5.4.2 Argentina Chest Drainage Unit Market
8.5.4.2.1 Argentina Chest Drainage Unit Market by Product
9. IMPACT OF COVID-19 PANDEMIC ON GLOBAL CHEST DRAINAGE UNIT MARKET
9.1 North America
9.2 Europe
9.3 Asia-Pacific
9.4 Middle East and Africa
9.5 South and Central America
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CHEST DRAINAGE UNIT MARKET, KEY COMPANY PROFILES
11.1. BECTON, DICKINSON AND COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GETINGE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MEDTRONIC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MERIT MEDICAL SYSTEMS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. TELEFLEX
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. REDAX
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ARMSTRONG MEDICAL
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. CHIMED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SMITHS MEDICAL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. PFM MEDICAL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Becton, Dickinson and Company
2. Getinge
3. Medtronic
4. Merit Medical Systems
5. Teleflex
6. Redax
7. Armstrong Medical
8. Chimed
9. Smiths Medical
10. PFM Medical
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For