Chest Drainage Devices Market is expected to top a valuation of US$ 1.3 billion by 2031 | Exclusive Report by Transparency Market Research

According to Transparency Market Research, Inc.; In 2022, the worldwide 𝐂𝐡𝐞𝐬𝐭 𝐃𝐫𝐚𝐢𝐧𝐚𝐠𝐞 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 held a value of US$ 799.6 million. Forecasts indicate a steady growth trajectory, with an anticipated Compound Annual Growth Rate (CAGR) of 5.4% from 2023 to 2031, surpassing US$ 1.3 billion by 2031.

Analysts highlight the significant drivers propelling the global chest drainage devices market, which include the escalation in respiratory diseases and thoracic surgeries alongside advancements in medical technology. Furthermore, the growing elderly population, increased healthcare spending, and heightened awareness among medical professionals worldwide about the benefits of chest drainage devices are all factors contributing to the expansion of this market.

𝐆𝐫𝐚𝐛 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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A chest drainage device, also referred to as a thoracic drainage device or chest tube drainage system, serves as a vital medical apparatus utilized for extracting air, blood, or other fluids from the pleural cavity or the area surrounding the lungs. This device plays a crucial role in managing and treating various respiratory ailments and thoracic injuries.

The pleural cavity denotes the gap between the inner lining of the chest wall (parietal pleura) and the outer surface of the lungs (visceral pleura). An abnormal accumulation of air (pneumothorax), blood (hemothorax), or other fluids (pleural effusion) within this space can result in lung collapse and serious complications.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

Key drivers stimulating market growth include the escalating prevalence of respiratory diseases, advancements in medical technology, expanding geriatric population, surge in healthcare expenditure, and growing awareness among medical professionals. However, challenges such as regulatory hurdles, reimbursement issues, and technical complexities may hinder market expansion.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Emerging trends in the chest drainage devices market include the integration of digital technologies for enhanced monitoring and management, the development of minimally invasive techniques, and the introduction of novel materials for device manufacturing.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

ATMOS MedizinTechnik GmbH & Co. KG, Becton, Dickinson and Company (BD), Cardinal Health, Inc., Cook Medical, Getinge AB, ICU Medical, Inc., Medela AG, Medtronic, Redax S.p.a., Rocket Medical plc., Sinapi Biomedical, Teleflex Incorporated, Utah Medical Products, Inc., and Vygon SAS

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Product

Thoracic Drainage Systems
Analog
Digital
Trocar Drains
Unsecured Needles
Secured Needles
Pleural Drainage Catheters
PVC
Others
Thoracic Drainage Kits

Application

Thoracic Surgeries & Pulmonology
Cardiac Surgeries
General Intensive Care & Emergency Medicine
Infectious Diseases
Oncology & Pain Management
Military / Damage Control / Disaster Medicine

End-user

Hospitals & Specialty Clinics
Urgent Care or Outpatient Care
Ambulatory Surgical Centers
Military Medical Facilities
Ambulance Services

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐇𝐚𝐧𝐝𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
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𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In January 2022, ICU Medical, Inc., a medical device company in infusion therapy and critical care applications, acquired Smiths Medical, Inc. from Smiths Group plc. ICU Medical, Inc. would access Smiths Medical's chest drainage device portfolio through this acquisition.

In January 2020, Centese completed the first clinical study of its Thoraguard digital drainage system in cardiac surgery at Stanford University Medical Center. Thoraguard is the first surgical drainage device that can automatically clear clogs without human intervention. It also digitally measures and displays hourly drainage volume and trends, which can help clinicians make better decisions about patient care after cardiac surgery.

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Understanding the evolving regulatory landscape and its impact on market dynamics.
Analyzing the competitive landscape to identify key market players and their strategies.
Assessing consumer preferences and market trends to anticipate future demands.
Monitoring technological advancements and their implications for product development.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐍𝐅𝐂 𝐂𝐡𝐢𝐩 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/03/22/2632614/0/en/NFC-Chip-Market-is-expected-to-top-a-valuation-of-US-5-8-billion-by-2031-Exclusive-Report-by-Transparency-Market-Research.html

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐁𝐞𝐚𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/03/22/2632462/0/en/Automotive-Bearing-Market-Estimated-to-Reach-Revenue-of-US-51-8-Billion-by-2031-The-Passenger-Vehicles-Segment-Held-37-3-of-Market-Share.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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