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Digital Thoracic Drainage System Market Top Companies Study - Medtronic plc, Becton, Dickinson and Company (BD), Getinge AB, Teleflex Incorporated.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Digital Thoracic Drainage System Market (By Product (Drainage Systems, Accessories & Disposables (Thoracic Chest Drainage Kits, Tubing, Suction Control Devices, Others (water seal chambers, collection chambers, etc.))), By Application (Cardiac Surgery, General Intensive Care & Emergency Medicine, Oncology & Pain Management, Thoracic Surgery & Pulmonology), By End-User (Ambulance Services, Ambulatory Surgery Centers, Hospitals & Specialty Clinics (Anesthesiologist, Cardiologist, Infectiologist, Pulmonologist, Other Medical Specialists.), Military Surgeons, Urgent Care or Outpatient Care)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."According to the latest research by InsightAce Analytic, the Global Digital Thoracic Drainage System Market is valued at US$ 84.78 Mn in 2022, and it is expected to reach US$ 162.15 Mn by 2031, with a CAGR of 7.7% during a forecast period of 2023-2031.
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The digital thoracic drainage system represents an advanced medical device that integrates innovative technologies such as wireless connectivity, remote monitoring, and mobile applications. Manufacturers are significantly investing in research and development to create new solutions for managing a variety of respiratory conditions. These developments are expected to drive market growth in the coming years. The rising prevalence of lung diseases, trauma-related cases, and cardiovascular disorders is increasing the demand for thoracic drainage systems. Digital technologies enable more efficient management of pleural and mediastinal drainage, thereby addressing the healthcare needs of a broader patient population. Thoracic drainage devices are designed to remove air, fluids, and certain particles from the pleural space of the chest. Key factors such as the growing demand for minimally invasive procedures, the high incidence of cardiovascular diseases, and the increasing prevalence of spontaneous pneumothorax are contributing to the expansion of the thoracic drainage devices market. The shift towards minimally invasive techniques in place of traditional open surgeries is further accelerating the growth of this industry.
List of Prominent Players in the Digital Thoracic Drainage System Market:
• Medtronic plc
• Becton, Dickinson and Company (BD)
• Getinge AB
• Teleflex Incorporated
• Sterimed Group
• ICU Medical (Smiths Medical)
• Cook Medical
• Cardinal Health, Inc.
• Vygon SA
• Utah Medical Products, Inc.
• Sinapi Biomedical
• Medela AG
• Redax
• Getinge
• ATMOS MedizinTechnik GmbH Co. KG
Market Dynamics:
Drivers-
The growing adoption of digital thoracic drainage systems in hospitals and healthcare facilities is driving the expansion of the market. As healthcare professionals become increasingly aware of the therapeutic advantages offered by these technologies, they are more likely to integrate them into their treatment protocols. The rising volume of surgical procedures, particularly thoracic surgeries, is further contributing to the demand for thoracic drainage systems. Digital systems facilitate more efficient post-operative management and drainage, thereby supporting enhanced patient recovery and rehabilitation.
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Challenges:
Digital thoracic drainage systems may incur higher initial costs compared to traditional systems. For certain healthcare facilities, particularly those with limited financial resources, the upfront investment required to implement digital technologies, along with potential training expenses for healthcare professionals, may pose a barrier to adoption. Additionally, the shortage of experienced specialists and stringent regulatory requirements could impede market growth during the forecast period. Healthcare institutions may also face challenges due to the lack of standardized protocols and interoperability across digital thoracic drainage systems, which may lead to compatibility issues when utilizing devices from different manufacturers.
Regional Trends:
The North American digital thoracic drainage system market is expected to capture a significant market share and is projected to experience a high CAGR in the near term. The region, particularly the United States, represents a major market for medical devices, including digital thoracic drainage systems. Several factors contribute to this market dynamic, including the presence of well-established healthcare facilities, research institutions, and hospitals that are capable of adopting and integrating advanced digital medical technologies. Furthermore, the Asia Pacific region is anticipated to witness rapid growth. Economic expansion, an aging population, and increasing awareness of innovative medical technologies are driving the rise in healthcare expenditures across many countries in the region.
Recent Developments:
• In January 2022, Smiths Medical was purchased by ICU Medical from the Smiths Group. ICU Medical is one of the major infusion treatment firms with a global reach after adding Smiths Medical's medical infusion devices and syringes and vascular access & critical care products to its portfolio.
• In Dec 2020, Medela released new data showing that the Thopaz+ Digital Chest Drain increased safety and helped prevent cross-contamination throughout the COVID-19 Pandemic and beyond. This successfully reduced the spread of pathogenic aerosols and cross-contamination. Patients and employees were protected thanks to Thopaz+'s filtering system.
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Segmentation of Digital Thoracic Drainage System Market-
By Product-
• Drainage Systems
• Accessories & Disposables
o Thoracic Chest Drainage Kits
o Tubing
o Suction Control Devices
o Others (water seal chambers, collection chambers, etc.)
By Application-
• Cardiac Surgery
• General Intensive Care & Emergency Medicine
• Oncology & Pain Management
• Thoracic Surgery & Pulmonology
By End-User-
• Ambulance Services
• Ambulatory Surgery Centers
• Hospitals & Specialty Clinics
o Anesthesiologist
o Cardiologist
o Infectiologist
o Pulmonologist
o Other Medical Specialists.
• Military Surgeons
• Urgent Care or Outpatient Care
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/digital-thoracic-drainage-system-market/1969
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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