Thoracic Drainage Devices Market Outlook 2031
- The global thoracic drainage devices market was valued at US$ 729.6 Mn in 2021
- The global market is projected to grow at a CAGR of 5.3% from 2022 to 2031
- The global thoracic drainage devices market is anticipated to reach more than US$ 1.23 Bn by 2031
Thoracic Drainage Devices Market Introduction
Thoracic or chest drainage helps maintain proper respiratory function and hemodynamic stability by removing air, fluid, or blood from around the heart or lungs. Thoracic drainage systems are primarily utilized in intensive care units (ICUs), emergency departments, and operating rooms. Increase in the acceptance of digital thoracic drainage systems (DTDS), rise in prevalence of CVDs globally, and surge in burden of spontaneous pneumothorax are major factors driving the global thoracic drainage devices market. DTDS is a safe, comfortable, and well-tolerated by patients. Moreover, DTDS helps reduce or eliminate the cost of hospital stay. Novel inventions in thoracic drainage systems are expected to propel the market in the next few years.
For instance, in January 2020, Centese, Inc., a developer of advanced drainage systems, announced the completion of the 1st clinical study of its ‘Thoraguard digital drainage system’ used in cardiovascular surgery, at Stanford University Medical Center. Thoraguard is the 1st surgical drainage device to provide automated clog clearance without requiring human intervention, and digitally measures and displays hourly drainage volume and trends to facilitate clinical decision-making after cardiac surgery. Some of the commercially available products in the digital chest drainage devices market are Thopaz (Medela AG), Drentech (REDAX), and Digivent (Millicore AB).
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Spontaneous pneumothorax is a one of the major health issues across the globe. Spontaneous pneumothorax is caused due to air in the chest cavity, which can resolve itself; however, most often requires hospital admission and urgent medical care. In a military warfare setting, around 13% to 15% of penetrating wounds related to the thoracic cavity require thoracic intervention including a thoracic catheter. According to an article published in the Canadian Respiratory Journal, in March 2017, primary spontaneous pneumothorax is more common in men than women. This condition occurs in 7.4 to 18 per 100,000 men each year and 1.2 to 6 per 100,000 women. Additionally, incidence of spontaneous pneumothorax is increasing gradually. Various research studies estimate that more than 2 million spontaneous pneumothorax occur globally every year.
Increasing Demand for Thoracic Drainage Systems among End-users Bolstering Thoracic Drainage Systems Segment
In terms of product, the thoracic drainage systems segment held the largest global thoracic drainage devices market share in 2021. The trend is expected to continue during the forecast period owing to increase in demand for thoracic drainage systems in hospitals, urgent care centers, and ambulatory surgery centers. Furthermore, adoption of tube thoracostomy procedures and mobility of thoracic drainage products has increased. It is possible to withdraw drainage sooner in case of digital thoracic drainage system and thereby, discharge patients earlier.
The thoracic drainage kits segment is likely to gain market share during the forecast period owing to higher consumption of chest drainage kit and repetitive use of venous drainage device of the chest wall, or thoracic/chest drainage kit; rising demand for minimally invasive surgeries, high burden of cardiovascular diseases, and increase in burden of spontaneous pneumothorax.
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Pleural drainage catheter, also known as thoracic drainage catheter or chest tube or thoracic drainage tube, is a sterile tube that includes a number of drainage holes and is inserted into the pleural space. Demand for thoracic drainage catheter or the chest drainage catheter market in countries in Europe such as the U.S., Germany, and France is increasing due to rise in cardiac and thoracic surgical procedures. In a military warfare setting, around 13% to 15% of penetrating wounds are related to the thoracic cavity, which accounts for around 30% of combat deaths requiring thoracic intervention, including a thoracic drainage catheter.
Thoracic drainage catheter is primarily used for closed chest tube thoracostomies. Cardinal Health, Inc. provides ARGYLE Trocar Catheters (a thoracic trocar catheter) are sterile, single use, disposable devices that consist of a surgically sharp trocar and a clear polyvinyl chloride (PVC) thoracic catheter.
Extensive Usage of Thoracic Drainage Devices in Thoracic Surgery & Pulmonology Propelling Thoracic Surgery & Pulmonology Segment
Based on application, the thoracic surgery & pulmonology segment accounted for significant share of the global thoracic drainage devices market in 2021, as thoracic drainage devices are widely used in minimally invasive thoracic surgical procedures for the treatment of pneumothorax, pleural effusions, and empyema disorders. An article in the Journal of Thoracic Disease stated that thoracic surgery is one of the most rapidly developing specialties in all of surgery – both technically and technologically. Currently, around 530,000 general thoracic surgeries are performed yearly in the U.S. by around 4,000 cardiothoracic surgeons.
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Regional Analysis of Global Thoracic Drainage Devices Market
The global thoracic drainage devices market forecast during the forecast period reveals that North America is likely to dominate the market due to increase in R&D expenditure, high adoption of novel, improved devices; early availability of advanced technologies; significant spending on healthcare; and the presence of sophisticated healthcare infrastructure and key market participants in the U.S. and Canada. Becton, Dickinson and Company, Teleflex Incorporated, Smiths Medical, Cook Medical, and Cardinal Health, Inc. have a strong presence in the U.S., which is contributing to market growth in North America.
Asia Pacific is likely to gain market share during the forecast period due to larger cardiovascular disease patient population, increase in the geriatric population, developing healthcare infrastructure, and surge in medical tourism. Moreover, increase in interest of key international companies in expanding their production bases and product portfolio across countries in Asia and Southeast Asia, such as South Korea, Malaysia, India, and China due to high population density, is expected to propel the market in the region during the forecast period.
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Analysis of Key Players in Global Thoracic Drainage Devices Market
The market report concludes with the company profiles section that includes key information about the major players in the global thoracic drainage devices market. Market participants focus on strategies such as new product launches, mergers & acquisitions (M&As), and public and private partnerships to strengthen their market position. Medtronic plc, Becton, Dickinson and Company (BD), Getinge AB, Teleflex Incorporated, Sterimed Group, ICU medical (Smiths Medical), Cook Medical, Cardinal Health, Inc., Vygon SA, Utah Medical Products, Inc., ATMOS MedizinTechnik GmbH & Co. KG, and Sinapi Biomedical are the prominent players operating in the global market.
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