Global Thoracic Drainage Devices Market to Exhibit 6% CAGR from 2017 to 2025

Published Date : Apr 18, 2018

Albany, New York, April 18, 2018: According to a detailed market research report recently introduced in the comprehensive portfolio of, the global market for thoracic drainage devices is likely to expand at a healthy CAGR of 6% from 2017 to 2025. The report is titled “Thoracic Drainage Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2017–2025.” If the numbers hold true, the market, which valued at US$555.8 mn in 2016, is likely to rise to a valuation of US$916.2 mn in 2025.

According to the report, the gradually rising prevalence of thoracic and pulmonological diseases globally will remain the key factor driving the market. The market is likely to go on to expand at a healthy pace in the next few years owing to the rising demand for advanced technologies and medical devices for thoracic drainage.

The report segments the market on the basis of certain criteria to present a more detailed account of the market. The report segments the market based on aspects such as product type, application, end-user, and geography. Based on the type of product, the market has been covered for Trocar drain, thoracic drainage system, thoracic drainage kit, unsecured needle, pleural drainage catheter, and secured needle.

Key applications of the thoracic drainage devices market examined in the report are military/damage control/disaster medicine, thoracic surgery and pulmonology, general intensive care and emergency medicine, infectious disease, cardiac surgery, and oncology and pain management. Key end-users of thoracic drainage devices examined in the report are hospitals and specialty clinics, urgent care or outpatient care, ambulance services, medical specialties such as anesthesiology, cardiology, infectiology, and pulmonology, and ambulatory surgery centers.

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Geographically, the report analyzes the market for thoracic drainage devices for regions such as Europe, North America, Asia Pacific, Latin America and Middle East and Africa. The market in North America is presently the leading regional market and is likely to remain at the top in terms of revenue opportunities over the forecast period as well. The region features a well-developed medical reimbursement scenario, a well-established medical device manufacturing industry, and a vast rise in demand for new and technologically advanced drainage devices. Along with these factors, the encouraging R&D scenario will help the regional market get ahead at a steady pace.

The market features a highly fragmented vendor landscape owing to the large number of companies operating in the field of thoracic drainage devices. The market has witnessed an increased interest in strategic alliances from large vendors looking to strengthen their positions in the global market. Some of the leading companies operating in the market are Cook Group Incorporated (Subsidiary: Cook Medical), Teleflex Incorporated, MAQUET Holding B.V. & Co. KG (Getinge Group), Vygon S.A., Utah Medical Products, Inc., Medtronic plc., Sinapi Biomedical, Smiths Medical, and Medela.

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