Thoracic Drainage Devices Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Sarasota, FL -- (SBWire) -- 11/29/2018 --Global Thoracic Drainage Devices Market: Overview

Chest tube thoracotomy is a minimally invasive procedure done to drain air, fluid, or blood from the thoracic space to prevent lungs from collapsing. A chest tube is also referred as thoracic catheter, intercostal drain, and chest drain. The thoracic catheter is inserted in the pleural space. This procedure includes the use of different devices such as thoracic drainage system, unsecured needle, secured needle, pleural drainage catheter, trocar drain, 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.

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Global Thoracic Drainage Devices Market: Growth Factors

Rise in patient preference for minimally invasive surgeries, high occurrence of cardiovascular diseases, increase in burden of spontaneous pneumothorax, and rise in health insurance coverage fuelling the popularity of thoracic drainage devices are the major factors that will boost the growth of thoracic drainage devices market in the coming years. In addition, high blood pressure, diabetes, and obesity are the major causes of cardiovascular ailments, particularly stroke, stenosis, atresia, and regurgitation. Increase in number of open heart surgeries due to unhealthy lifestyle, lack of exercise, overweight, and smoking will create significant opportunities in the thoracic drainage devices market. Prominent rise in technological breakthroughs in the medical equipment sector will further boost thoracic drainage devices market in the near future. Massive awareness about health as well as early diagnosis of heart disorder is likely to result in the burgeoning demand for the thoracic drainage devices in the years ahead.

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Global Thoracic Drainage Devices Market: Segmentation

The global thoracic drainage devices market can be divided based on product type, end use, and application. Based on the product type, thoracic drainage devices market is sectored into Thoracic Drainage System, Trocar Drain, Unsecured Needle, Secured Needle, Pleural Drainage Catheter, and Thoracic Drainage Kit. On the basis of end use, the market is classified into Ambulance Services, Hospitals and Specialty Clinics, Urgent Care, Ambulatory Surgery Centers, and Military Surgeons. On the basis of application, the thoracic drainage devices market is segmented into Thoracic Surgery and Pulmonology, Cardiac Surgery, General Intensive Care and Emergency Medicine, Infectious Disease, Oncology and Pain Management and Military Medicine.

Global Thoracic Drainage Devices Market: Regional Analysis

Based on regions, the global thoracic drainage devices market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is predicted to dominate the global thoracic drainage devices market in the years ahead, owing to low product cost and high level of end-user awareness. In addition, massive acceptance of innovative medical equipment as well as insurance schemes for treating heart ailments will further drive the regional growth in the years ahead. Europe is the second major contributor for the global thoracic drainage devices market with Germany being the key contributor.

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Asia Pacific thoracic drainage devices market is anticipated to grow remarkably over the years to come, subject to escalating awareness about cardiovascular diseases and expenditure on healthcare activities.

However, low penetration of healthcare services and lack of availability for thoracic drainage devices are anticipated to hinder the growth of thoracic drainage devices market in emerging and undeveloped regions such as Latin America and Middle East and Africa.

Global Thoracic Drainage Devices Market: Competitive Players

The key market players of the global thoracic drainage devices market include Teleflex Incorporated, Vygon S.A., Medtronic plc., ATMOS Medizin Technik GmbH & Co. KG, Cook Group Incorporated (Subsidiary: Cook Medical), C. R. Bard, Inc. (Becton, Dickinson and Company), MAQUET Holding B.V. & Co. KG (Getinge Group), Utah Medical Products, Inc., Smiths Medical, Sinapi Biomedical, and Medela.