Global Demand for Thoracic Drainage Devices Is Predicted to Increase at 4.6% CAGR and Reach US$ 1.07 Billion by 2032

Thoracic drainage device sales are estimated to be worth around US$ 688 million globally in 2022. at the end of 2032, the market is expected to have grown at 4.6% CAGR.

From 2022 to 2032, the market for thoracic drainage devices, which are used in thoracic operations and pulmonology, is anticipated to grow at a CAGR of 5.2%. There is a strong need for thoracic drainage devices due to the increased prevalence of pulmonary and thoracic disorders. This is also due to increased consumer awareness and a big patient population, both of which contribute to market expansion.

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The readability score of the Thoracic Drainage Devices Market Demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.

The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.

This Thoracic Drainage Devices market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Thoracic Drainage Devices along with key stakeholders as well as emerging players associated with the manufacturing of product.

Competitive Landscape:

Merit Medical Systems, Medela LLC, Smiths Medical, ATMOS MedizinTechnik GmbH & Co., KG., Becton, Dickinson Company, Cook Group, Inc., Maquet Holding B.V. & Co. KG, and Medela, Inc. are some of the key players in the thoracic drainage device market.

Companies in the thoracic drainage devices market are focusing on advancements in drainage devices as per end users' needs. Advancements in thoracic drainage systems, collaborations, partnerships, and acquisitions are some of the growth tactics of key producers.

Product Launches
• Medela LLC, a well-known manufacturer of nursing supplies and medical vacuum technology, declared in December 2020 that the filtration mechanism of its "Thopaz+ Digital Chest Drainage and Monitoring System" effectively prevents the passage of aerosolized virus particles, including SARS-CoV-2.
• Merit Medical Systems, Inc. introduced the ReSolve Thoracostomy Tray in April 2022. The new tray includes all the supplies required to execute a thoracostomy, a minimally-invasive surgery that spares patients from having to have their chests opened up to drain fluids or air.
Purchase, Agreements, and Collaborations
• ICU Medical purchased Smiths Medical from Smiths Group in January 2022. ICU Medical became one of the top infusion treatment firms with a global presence after adding Smiths Medical's vascular access & critical care products, as well as its medical infusion devices & syringes, to its portfolio.

Segments of Thoracic Drainage Devices Industry Research:

• By Product :
o Pleural Drainage Catheters
o Secured Needles
o Thoracic Drainage Kits
o Thoracic Drainage Systems

• By Application :
o Thoracic Surgeries & Pulmonology
o Cardiac Surgeries
o General Intensive Care & Emergency Medicine
o Infectious Diseases
o Others

• By End User :
o Hospitals
o Ambulatory Surgical Centers
o Specialty Clinics
o Others

• By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

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Questionnaire answered in the Market outlook Report of Thoracic Drainage Devices include:

• What is the key strategy deployed by large players to maximize Thoracic Drainage Devices Market growth?
• What are the main challenges faced by players in the Thoracic Drainage Devices market Demand?
• With the advent of technological advancement, how will the Thoracic Drainage Devices market landscape change over the forecast period?
• What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Thoracic Drainage Devices market size?

How will be insights and market estimations provided in the Fact.MR report on the Demand of Thoracic Drainage Devices make a difference?

• The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
• The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
• The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
• Provides scrutiny of the industry trends that have shaped recent government policies
• Provides an account of major breakthroughs in all segments that might change the course of the market considerably
• Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Thoracic Drainage Devices Market
• Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
• Evaluates the role of various stages of funding on new growth avenues in key regional markets

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