Digital Thoracic Drainage Devices Market Analysis, Size, and Growth (2023-2030)
Digital Thoracic Drainage Devices Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 155.34 Million |
Market Size by 2030 | US$ 232.29 Million |
Global CAGR (2022 - 2030) | 5.2% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Product Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Covid-19 Impact:
The COVID-19 pandemic affected economies and industries in various countries across the world. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several sectors, including the healthcare sector. The COVID-19 pandemic had a significant impact on the digital thoracic drainage devices market as well. As healthcare systems worldwide focused on managing the pandemic's surge, elective procedures such as certain thoracic surgeries were deferred or canceled, resulting in a temporary decline in demand for thoracic drainage devices. Moreover, disruptions in global supply chains caused delays in manufacturing and distribution, leading to shortages and increased costs for these devices. However, these advanced devices play a critical role in treating conditions such as pleural effusion and pneumothorax, which can occur as severe complications of COVID-19. By effectively draining excess fluid or air from the pleural space, these devices help relieve pressure on the lungs and promote respiratory recovery. Additionally, the digital capabilities of these devices enable remote monitoring of patients' drainage output and other relevant parameters, allowing healthcare professionals to assess their progress and respond promptly to any changes. This remote patient management approach has been crucial in minimizing direct contact between patients and healthcare workers, contributing to infection control efforts during the pandemic. Overall, digital thoracic drainage devices have significantly improved patient outcomes and provided essential support to healthcare systems facing unprecedented challenges during the early stages of the COVID-19 pandemic.
Competitive Landscape and Key Companies:
A few of the prominent players operating in the digital thoracic drainage devices market include Medela AG, ATMOS MedizinTechnik GmbH & Co KG, Centese Inc, Redax SpA, Rocket Medical Plc, Getinge AB, Teleflex Inc., Pacific Hospital Supply Co Ltd, Cardinal Health Inc, and Digicare Biomedical Technology Inc. These companies focus on new product launches and geographic expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. They have a widespread global presence, which helps them serve a large and varied clientele and subsequently expand their market share. The report offers a trend analysis of the digital thoracic drainage devices market, emphasizing parameters such as technological advancements, market dynamics, and competitive landscape analysis of leading market players worldwide.