Global Thoracic Drainage Devices Market to Grow at 6% CAGR through 2025, Finds a New Study

A new research study titled, “Thoracic Drainage Devices Market – Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2017 – 2025” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the study, the global thoracic drainage devices market is likely to grow at a CAGR of 6% during the assessment period 2017-2025.

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According to the research study, North America and Europe remain the leading markets for thoracic drainage devices globally. These two regions have favorable reimbursement policies, which is one of the key factors for the growing demand for thoracic drainage devices in the region. However, a steady stream of opportunities is likely to emerge in Asia Pacific, which has led key players to boost their presence in this market. According to the report, the Asia Pacific thoracic drainage devices market is likely to grow at a CAGR of 5.8% during the assessment period.

Highlighting the key factors driving the growth of the thoracic drainage devices market, the report opines that increasing prevalence of spontaneous pneumothorax and pleural effusion is also driving the growth of the thoracic drainage devices market. The adoption of these devices is especially higher in military and defense services, as a significant percentage of wound suffered by defense personnel require thoracic intervention.

The report has segmented the market on the basis of product into thoracic drainage system, thoracic drainage kit, unsecured needle, pleural drainage catheter, and trocar drain. By application, the key segments in the thoracic drainage devices market include thoracic surgery and pulmonology, oncology and pain management, cardiac surgery, infectious diseases, and disaster medicine.

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The research study also profiles the market on the basis of end-user into ambulance services, military surgeons, hospitals & specialty clinics, ambulatory surgery centers, and urgent care/outpatient care. In addition to the detailed analysis, the report also offers segmentation on the basis of region into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.

In a bid to offer detailed insights and analysis, the research study also offers an analysis on the business and product strategies of some of the leading players in the market. According to the research study, some of the key players in the market include Teleflex Incorporated, Vygon S.A., Medtronic plc., Cook Group Incorporated (Subsidiary: Cook Medical), C. R. Bard, Inc. (Becton, Dickinson and Company), MAQUET Holding B.V. & Co. KG (Getinge Group), Utah Medical Products, Inc., Smiths Medical, ATMOS MedizinTechnik GmbH & Co. KG, Sinapi Biomedical, and Medela.

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This release was published on openPR.