Thoracic Drainage Devices Market (Product: Pleural Drainage Catheters, Secured Needles, Unsecured Needles, Thoracic Drainage Kits, Thoracic Drainage Systems, and Trocar Drains)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

According to Nova one advisor, the global Thoracic Drainage Devices market size was valued at USD 919.6 million in 2021 and is predicted to hit USD 2.1 billion by 2030 with a registered CAGR of 6.3% during the forecast period 2022 to 2030.

Thoracic or chest drainage helps maintain proper respiratory function and hemodynamic stability by removing air, fluid, or blood from around the heart or lungs. Thoracic drainage systems are primarily utilized in intensive care units (ICUs), emergency departments, and operating rooms. Increase in the acceptance of digital thoracic drainage systems (DTDS), rise in prevalence of CVDs globally, and surge in burden of spontaneous pneumothorax are major factors driving the global thoracic drainage devices market. DTDS is a safe, comfortable, and well-tolerated by patients. Moreover, DTDS helps reduce or eliminate the cost of hospital stay. Novel inventions in thoracic drainage systems are expected to propel the market in the next few years. For instance, in January 2020, Centese, Inc., a developer of advanced drainage systems, announced the completion of the 1st clinical study of its ‘Thoraguard digital drainage system’ used in cardiovascular surgery, at Stanford University Medical Center. Thoraguard is the 1st surgical drainage device to provide automated clog clearance without requiring human intervention, and digitally measures and displays hourly drainage volume and trends to facilitate clinical decision-making after cardiac surgery. Some of the commercially available products in the digital chest drainage devices market are Thopaz (Medela AG), Drentech (REDAX), and Digivent (Millicore AB).

Spontaneous pneumothorax is a one of the major health issues across the globe. Spontaneous pneumothorax is caused due to air in the chest cavity, which can resolve itself; however, most often requires hospital admission and urgent medical care. In a military warfare setting, around 13% to 15% of penetrating wounds related to the thoracic cavity require thoracic intervention including a thoracic catheter. According to an article published in the Canadian Respiratory Journal, in March 2017, primary spontaneous pneumothorax is more common in men than women. This condition occurs in 7.4 to 18 per 100,000 men each year and 1.2 to 6 per 100,000 women. Additionally, incidence of spontaneous pneumothorax is increasing gradually. Various research studies estimate that more than 2 million spontaneous pneumothorax occur globally every year.

Report Scope of the Thoracic Drainage Devices Market

Increasing Demand for Thoracic Drainage Systems among End-users Bolstering Thoracic Drainage Systems Segment

In terms of product, the thoracic drainage systems segment held the largest global thoracic drainage devices market share in 2021. The trend is expected to continue during the forecast period owing to increase in demand for thoracic drainage systems in hospitals, urgent care centers, and ambulatory surgery centers. Furthermore, adoption of tube thoracostomy procedures and mobility of thoracic drainage products has increased. It is possible to withdraw drainage sooner in case of digital thoracic drainage system and thereby, discharge patients earlier.

The thoracic drainage kits segment is likely to gain market share during the forecast period owing to higher consumption of chest drainage kit and repetitive use of venous drainage device of the chest wall, or thoracic/chest drainage kit; rising demand for minimally invasive surgeries, high burden of cardiovascular diseases, and increase in burden of spontaneous pneumothorax.

Pleural drainage catheter, also known as thoracic drainage catheter or chest tube or thoracic drainage tube, is a sterile tube that includes a number of drainage holes and is inserted into the pleural space. Demand for thoracic drainage catheter or the chest drainage catheter market in countries in Europe such as the U.S., Germany, and France is increasing due to rise in cardiac and thoracic surgical procedures. In a military warfare setting, around 13% to 15% of penetrating wounds are related to the thoracic cavity, which accounts for around 30% of combat deaths requiring thoracic intervention, including a thoracic drainage catheter.

Thoracic drainage catheter is primarily used for closed chest tube thoracostomies. Cardinal Health, Inc. provides ARGYLE Trocar Catheters (a thoracic trocar catheter) are sterile, single use, disposable devices that consist of a surgically sharp trocar and a clear polyvinyl chloride (PVC) thoracic catheter.

Extensive Usage of Thoracic Drainage Devices in Thoracic Surgery & Pulmonology Propelling Thoracic Surgery & Pulmonology Segment

Based on application, the thoracic surgery & pulmonology segment accounted for significant share of the global thoracic drainage devices market in 2021, as thoracic drainage devices are widely used in minimally invasive thoracic surgical procedures for the treatment of pneumothorax, pleural effusions, and empyema disorders. An article in the Journal of Thoracic Disease stated that thoracic surgery is one of the most rapidly developing specialties in all of surgery – both technically and technologically. Currently, around 530,000 general thoracic surgeries are performed yearly in the U.S. by around 4,000 cardiothoracic surgeons.

Improved Quality & Customer Service and Lower Cost Fueling Ambulatory Surgery Centers Segment

In terms of end-user, the ambulatory surgery centers segment is expected to register the highest CAGR of 7.1% during the forecast period. ASCs have the ability to improve quality and customer service while simultaneously reducing costs. The ASC vertical is ahead of the curve in identifying favorable avenues for improving healthcare delivery.

The hospitals & specialty clinics segment held the largest share of the global thoracic drainage devices market in 2021. This is ascribed to a surge in the number of hospitals & specialty clinics globally, comparatively higher performance of cardiothoracic surgeries and adoption of thoracic drainage devices in these settings. According to the American Hospital Association (AHA), the U.S. had about 5,564 hospitals in 2017, which increased to 6,093 currently.

Regional Analysis of Global Thoracic Drainage Devices Market

The global thoracic drainage devices market forecast during the forecast period reveals that North America is likely to dominate the market due to increase in R&D expenditure, high adoption of novel, improved devices; early availability of advanced technologies; significant spending on healthcare; and the presence of sophisticated healthcare infrastructure and key market participants in the U.S. and Canada. Becton, Dickinson and Company, Teleflex Incorporated, Smiths Medical, Cook Medical, and Cardinal Health, Inc. have a strong presence in the U.S., which is contributing to market growth in North America.

Asia Pacific is likely to gain market share during the forecast period due to larger cardiovascular disease patient population, increase in the geriatric population, developing healthcare infrastructure, and surge in medical tourism. Moreover, increase in interest of key international companies in expanding their production bases and product portfolio across countries in Asia and Southeast Asia, such as South Korea, Malaysia, India, and China due to high population density, is expected to propel the market in the region during the forecast period.

Key Developments in Global Thoracic Drainage Devices Market

• In January 2022, ICU Medical acquired Smiths Medical from the Smiths Group. The addition of medical infusion devices & syringes and vascular access & vital care products of Smiths Medical to the portfolio of ICU Medical made it one of the leading infusion therapy companies with a global reach.
• In March 2021, FourKites and Cardinal Health, Inc. announced a global collaboration to improve tracking of medical equipment, pharmaceutical items, first aid supplies, and personal protective equipment (PPE) in transit to hospitals, pharmacies, and other care facilities across the world. Superior tracking and analytics capabilities of FourKites are expected to assist Cardinal Health in optimizing supply chain operations and enabling a fast, reliable, and frictionless experience for 29,000 pharmacies and nearly 90% of American hospitals that rely on Cardinal Health for critical supplies.
• In November 2019, Getinge AB established its own legal entity in Vietnam in order to build infrastructure to serve more customers and to deliver better clinical and technical service for the long-term. With this expansion, Getinge AB is looking for new employees to support the business, particularly within the clinical and technical service areas. The company has been present in Vietnam through distributors for over 40 years.

Some of the prominent players in the Thoracic Drainage Devices Market include:

• 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.
• ATMOS MedizinTechnik GmbH & Co. KG
• Sinapi Biomedical

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Thoracic Drainage Devices market

• Product
• Pleural Drainage Catheters
• Secured Needles
• Unsecured Needles
• Thoracic Drainage Kits
• Thoracic Drainage Systems
• Trocar Drains
• Application
• Cardiac Surgery
• General Intensive Care & Emergency Medicine
• Infectious Diseases
• Military/Damage Control/Disaster Medicine
• Oncology & Pain Management
• Thoracic Surgery & Pulmonology
• End-user
• Ambulance Services
• Ambulatory Surgery Centers
• Hospitals & Specialty Clinics
• Anesthesiologist
• Cardiologist
• Infectiologist
• Pulmonologist
• Other medical specialists
• Military Surgeons
• Urgent Care or Outpatient Care

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Thoracic Drainage Devices industry analysis from 2022 to 2030 to identify the prevailing Thoracic Drainage Devices industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global Thoracic Drainage Devices industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Thoracic Drainage Devices industry trends, key players, market segments, application areas, and market growth strategies.