A recent report published by Infinium Global Research on thoracic drainage devices market provides an in-depth analysis of segments and sub-segments in the global as well as regional thoracic drainage devices market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional thoracic drainage devices market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global thoracic drainage devices market. According to the report, the global thoracic drainage devices market is projected to grow at a CAGR of 6.1% over the forecast period of 2019-2025.

Market Insight

The major players operating in the global thoracic drainage devices market are adopting strategies such as mergers, acquisitions, and new product launches contributing to an increase in market share. Thoracic drainage devices are designed to remove air, liquids, and some solids from pleural space. Thoracic drainage devices are also called as a chest drain, chest tube, tube thoracostomy.

The rising prevalence of cardiovascular diseases drives the growth of the thoracic drainage devices market. Thoracic drainage devices are utilized in the treatment of pneumothorax pleural effusions, and empyema disorders. The growing number of thoracic surgeries, cardiovascular surgeries, and cardiothoracic surgeries stimulate the growth of the thoracic drainage devices market. The increasing preference for minimally invasive surgeries contributes to the growth of the thoracic drainage devices market. The surge in the burden of spontaneous pneumothorax fuels the growth of the thoracic drainage devices market. On the other side, factors such as scarcity of physicians and challenges in maintaining chest tube patency hinder the growth of the thoracic drainage devices market. Moreover, advancement in technology creates new opportunities for the growth of the thoracic drainage devices market.

On the basis of geography, the global thoracic drainage devices market divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to hold a premium share in the global thoracic drainage devices market. North America has a well-established healthcare industry contributing to the growth of the thoracic drainage devices market. Europe is anticipated to grow with a healthy CAGR over the forecast period. The rising number of patients suffering from pneumothorax, hemothorax, and pleural effusion drives the growth of the thoracic drainage devices market. Asia-Pacific region is showing growth in the global thoracic drainage devices market due to the high prevalence of respiratory diseases.

Segment Covered

The report on global thoracic drainage devices market covers segments such as product type, application, and end-user. On the basis of product type, the sub-markets include pleural damage catheters, secured needles, thoracic drainage kits, thoracic drainage systems, trocar drains, and unsecured needles. On the basis of application, the sub-markets include cardiac surgery, infectious diseases, oncology & pain management, thoracic surgery & pulmonology, and other applications. On the basis of end-user, the sub-markets include ambulance services, hospitals & specialty clinics, military surgeons, and other end-users.

Companies Profiled:

The report provides profiles of the companies in the market such as MAQUET Holding B.V. & Co. KG, Smiths Medical, Inc., Teleflex Incorporated, Vygon S.A., Medtronic plc, Cook Medical Incorporated, C. R. Bard, Inc., Utah Medical Products, Inc., ATMOS MedizinTechnik GmbH & Co. KG, Sinapi Biomedical, and Other Companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of thoracic drainage devices market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.