Lithium Market Size, Share, Industry Analysis and Forecast 2024-2031

Market OverviewGlobal Lithium Market reached US$ 9.3 billion in 2023 and is expected to reach US$ 38.8 million by 2031, growing with a CAGR of 19.5%...
HomeHealth NewsThoracic Drainage Devices Market Analysis, Share, Size, Trends and Forecast (2023–2030)

Thoracic Drainage Devices Market Analysis, Share, Size, Trends and Forecast (2023–2030)

Market Overview 

Global Thoracic Drainage Devices Market reached US$ YY billion in 2022 and is expected to reach US$ YY billion by 2030 growing with a high CAGR during the forecast period 2023–2030. 

The global thoracic drainage devices market has experienced substantial growth in recent years and is expected to maintain its upward trajectory. The market is currently undergoing a transformative phase, with several significant trends shaping its evolution. These trends include the digitalization of chest drainage systems, incorporating connectivity features that enable real-time patient monitoring, remote data access, and enhanced patient management. 

Additionally, the increasing prevalence of thoracic diseases and continuous technological advancements in thoracic drainage devices have led to improved efficiency and safety in these devices. The growing number of thoracic surgeries, including lung resections and transplantations, which require thoracic drainage devices for post-operative care, is contributing to the expansion of the thoracic drainage devices market. 

Research and development activities focused on new technologies, as well as the presence of established pharmaceutical and medtech companies, are further factors driving demand, particularly in the North American regions. Notable competitors in the market, such as ATMOS MedizinTechnik GmbH & Co. K and Becton, are actively involved in shaping the landscape of the thoracic drainage devices market. These factors collectively indicate a promising future for the thoracic drainage devices market, with innovations and increased accessibility contributing to improved patient care and outcomes. 

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Market Dynamics 

The advancement of technologies in thoracic drainage devices, including advanced design, is anticipated to be a driving force behind the market’s growth. For example, in September 2023, Merit Medical Systems, Inc. introduced its Aspira Evacuated Drainage Bottle. The Aspira Drainage System is designed to manage recurrent and symptomatic pleural effusions (accumulation of fluid outside the lungs) and malignant ascites (accumulation of fluid in the abdominal cavity due to cancer). 

Moreover, the expanded indications for the Aspira Drainage System in draining recurrent pleural effusions and malignant ascites, conditions that often necessitate in-hospital drainage, underscore the essential role of cutting-edge drainage technologies in enhancing patient care and quality of life. As more healthcare organizations and professionals adopt these innovative solutions, the market for thoracic drainage devices is expected to grow. These technological improvements aim to enhance efficiency, precision, and patient outcomes, contributing to the market’s expansion in the forecast period. 

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Market Segmentation 

By Product 

  • Chest Drainage Systems
  • Thoracic Drainage Kits
  • Pleural Drainage Catheters
  • Trocar Drains
  • Others

By Material Type 

  • Silicone
  • Polyurethane
  • Latex
  • Other

By Application 

  • Cardiac Surgery
  • Oncology & Pain Management
  • Thoracic Surgery & Pulmonology
  • General Intensive Care Emergency Medicine

By End-User 

  • Hospitals
  • Ambulatory Surgery Centers
  • Cardiac Specialty Clinics
  • Cardiothoracic Centers

Market Key Players 

Major players are ATMOS MedizinTechnik GmbH & Co. K, Becton, Cardinal Health., Cook Group Incorporated, Getinge AB, Sinapi Biomedical, Teleflex Incorporated, Utah Medical Products, Inc., Vygon SA, Sterimed Group. 

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