Thoracic Drainage Device Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Chest tube thoracostomy or a chest tube placement is a slightly invasive procedure done to drain air, fluid, or blood from the thoracic space to prevent lungs from collapsing. A chest tube is also called thoracic catheter, chest drain, or intercostal drain. The thoracic catheter is inserted in the pleural space. This process comprises the use of different strategies such as trocar drain, thoracic drainage system, unsecured needle, secured needle, pleural drainage catheter and thoracic drainage kit. The thoracic drainage devices are majorly used for disease indications of pleural effusion, pneumothorax, traumatic pneumothorax (gunshot or stab wound) and cardiac surgery procedures.

MARKET SCOPE

The "Global Thoracic Drainage Device Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the thoracic drainage device market with detailed market segmentation by product, application, end user, and geography. The report provides key statistics on the market status of the leading thoracic drainage device market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product, the global thoracic drainage device market is segmented into devices, and accessories
  
•   Based on application, the market is bifurcated into thoracic surgery and pulmonology, cardiac surgery, general intensive care and emergency medicine, infectious diseases, oncology and pain management, and others.
  
•   Based on end user, the market is bifurcated into hospitals and specialty clinics, ambulatory surgery centers, and others.
  

MARKET DYNAMICS

Drivers

•   High prevalence of cardiovascular diseases
  
•   Rise in patient preference for minimally invasive surgeries
  
•   Increase in burden of spontaneous pneumothorax
  

Restraints

•   Stringent regulations for medical devices used for chronic conditions are likely to hinder the growth of market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The thoracic drainage device market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the thoracic drainage device market in these regions.

IMPACT OF COVID-19 ON THORACIC DRAINAGE DEVICE MARKET

COVID-19 pandemic has offered vital growth opportunities for the thoracic drainage device market. Due to the increasing incidences of respiratory diseases, and cardiovascular diseases during COIVD-19 pandemic have increased demand for thoracic drainage devices. Also, the growing investments for healthcare infrastructure to improve facilities have encouraged to adopted advanced medical devices in the healthcare centers.

MARKET PLAYERS

The report covers key developments in the thoracic drainage device market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from thoracic drainage device market are anticipated to lucrative growth opportunities in the future with the rising demand for thoracic drainage device in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the thoracic drainage device market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Teleflex Incorporated
  
•   Vygon
  
•   Cook
  
•   C. R. Bard, Inc
  
•   Utah Medical Products, Inc.
  
•   Smiths Medical
  
•   ATMOS MedizinTechnik GmbH & Co. KG
  
•   Sinapi Biomedical
  
•   Medela AG
  
•   MAQUET Holding B.V. & Co. KG
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Thoracic Drainage Device Report Scope