Thoracic Drainage Devices Market worth $868.43 million by 2030, growing at a CAGR of 6.67% - Exclusive Report by 360iResearch

The "Thoracic Drainage Devices Market by Product (Pleural Damage Catheters, Thoracic Drainage Kits, Thoracic Drainage Systems), Application (Cardiac Surgery, Disaster Control Medicine, General Incentive Care & Emergency Medicine), End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Thoracic Drainage Devices Market to grow from USD 552.63 million in 2023 to USD 868.43 million by 2030, at a CAGR of 6.67%.

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Thoracic drainage devices facilitate the removal of bodily fluids and air from the chest cavity during thoracic surgery. Recent medical advancements have led to increased diagnosis and treatment of respiratory ailments, including pneumonia, COPD, pleural effusion, and other disorders which require chest drainage. Lifestyle factors such as smoking or a lack of exercise can contribute to the likelihood of developing thoracic diseases or conditions, where thoracic drainage devices are essential tools for managing these patients' symptoms. Cardiovascular and respiratory diseases have increased the need for thoracic drainage devices. Favorable reimbursement policies for CVD surgeries have further created the provision for these devices. Inclination toward minimally-invasive surgeries has led medical device companies to build appropriate chest drains. However, the market also faces restraints due to surging product recalls and complications associated with thoracic surgery and insertion of drainage devices. Technological advancements in thoracic drainage devices and the introduction of digital chest drainage systems for telemedicine activities have created opportunities for product expansion.

The Americas and European region have observed increased use of thoracic drainage devices, driven by the prevalence of surgeries and the presence of established players offering advanced and digital devices. As per the Society of Thoracic Surgeons General Thoracic Surgery Database (GTSD), there are more than 700,000 general thoracic surgery procedure records and over 1,000 participating surgeons in the U.S. With the high adoption of minimally invasive surgeries, market players in the U.S. and Europe have introduced devices that cater specifically to them. Medical researchers in Asian countries, such as China, Japan, India, and Australia, are conducting studies on digital thoracic drainage devices that are wifi-based. The growing awareness of cardiovascular surgeries and treatments in the region has led to a rise in the number of surgeries adopted in the region. Moreover, the U.S. and Europe are offering improved reimbursements for CVD surgeries and thoracic drainage devices, providing patients with a cost-effective medical experience.

Market Segmentation & Coverage:

This research report categorizes the Thoracic Drainage Devices Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Pleural Damage Catheters, Thoracic Drainage Kits, Thoracic Drainage Systems, and Trocar Drains. The Thoracic Drainage Kits is projected to witness significant market share during forecast period.

Based on Application, market is studied across Cardiac Surgery, Disaster Control Medicine, General Incentive Care & Emergency Medicine, Infectious Disease, Oncology & Pain Management, and Thoracic Surgery & Pulmonology. The General Incentive Care & Emergency Medicine is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Ambulatory Surgical Centers and Hospitals & Clinics. The Hospitals & Clinics is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Thoracic Drainage Devices Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Thoracic Drainage Devices Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Thoracic Drainage Devices Market, highlighting leading vendors and their innovative profiles. These include Advin Health Care, Alpha Medicare and Devices Ltd., Angiplast Private Limited, ATMOS MedizinTechnik GmbH & Co. KG, B. Braun SE, Becton, Dickinson Company, Canadian Hospital Specialties Limited, Cardinal Health, Inc., CONMED Corporation, Cook Group Incorporated, Desco Medical India, EndoMed Systems GmbH, Getinge AB, GPC Medical Ltd., ICU Medical, Inc., Medela AG, Medline Industries, LP, Medtronic PLC, Merit Medical Systems, Inc., Poly Medicure Limited, Proexamine Surgicals Private Limited, Rocket Medical PLC, Romsons Group of Industries, SENKO MEDICAL INSTRUMENT Mfg. CO., LTD., Sinapi Biomedical, Sterimed Group, Teleflex Incorporated, Unimax Medical Systems Inc., Utah Medical Products, Inc., and Vygon SAS.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Thoracic Drainage Devices Market, by Product
7. Thoracic Drainage Devices Market, by Application
8. Thoracic Drainage Devices Market, by End-User
9. Americas Thoracic Drainage Devices Market
10. Asia-Pacific Thoracic Drainage Devices Market
11. Europe, Middle East & Africa Thoracic Drainage Devices Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Thoracic Drainage Devices Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Thoracic Drainage Devices Market?
3. What is the competitive strategic window for opportunities in the Thoracic Drainage Devices Market?
4. What are the technology trends and regulatory frameworks in the Thoracic Drainage Devices Market?
5. What is the market share of the leading vendors in the Thoracic Drainage Devices Market?
6. What modes and strategic moves are considered suitable for entering the Thoracic Drainage Devices Market?

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