Global Thoracic Drainage Devices Market Witnessed to Gain Steady Growth at a CAGR of 6% and Value of US$ 916.2 by 2025

Published on : Apr 11, 2018

Albany, New York, April 11, 2018: A fresh study, focusing on the global demand for thoracic drainage devices have been broadcasted to the wide database of Market Research Hub (MRH), and titled as “Thoracic Drainage Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2017 – 2025”. This 206-pages study offers a comprehensive analysis of the current market trends and future estimations in the market. Moreover, the report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global thoracic drainage devices market growth during the said period.

Globally, the thoracic drainage devices are majorly used for disease indications of pleural effusion, pneumothorax, traumatic pneumothorax (gunshot or stab wound) and cardiac surgery procedures. The report suggests that thoracic and pulmonological disorders are quite common and steadily increasing across the globe, thereby anticipated to drive the growth of thoracic drainage devices market in coming years (2017 to 2025). As per the active research evaluations, the global thoracic drainage devices market was valued over US$ US$ 555.8 Mn in 2016 and is further projected to witness CAGR of over 6% from 2017 to 2025. By the end of 2025, it is expected to surpass the value of US$ 916.2 Mn.

In the initial section, the research aims to provide a comprehensive view of the market by presenting thoracic drainage devices market snapshot along with overall information on various segments and sub-segments. This subsequent section also provides analysis of the global thoracic drainage devices market with respect to the leading market segments which are based on product type, application, end-user, and geographies. On the basis of geography, the research outlines market scope in some prime regions, such as Europe, Latin America, Asia-Pacific, North America and Middle East & Africa.

Some of the prime findings highlighted in the study include:

•    The study finds that owing to increasing adoption of new technologies related to drainage devices, the market in North America is projected to be highly lucrative during the forecast period of 2017-2025.

•    In the present time, the rise in patient preference for minimally invasive surgeries, high prevalence of cardiovascular diseases, increase in burden of spontaneous pneumothorax, and rise in health insurance coverage propelling adoption of thoracic drainage devices are the major factors that drive the growth of thoracic drainage devices market.

•    In terms of the application, thoracic surgery & pulmonology segment held the largest share and also expected to remain same in the coming years.

At present, the significant players operating in the thoracic drainage devices market are Teleflex Incorporated, Vygon S.A., Sinapi Biomedical, Utah Medical Products, Inc., Medtronic plc., ATMOS MedizinTechnik GmbH & Co. KG, Cook Group Incorporated (Subsidiary: Cook Medical), C. R. Bard, Inc. (Becton, Dickinson and Company), MAQUET Holdi]ng B.V. & Co. KG (Getinge Group), Smiths Medical, and Medela.

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