The Global Thoracic Drainage Devices Market Size is estimated to expand rapidly in coming years, at a CAGR of 6.21% from 2018 to 2025. In 2017, the global market valuation was USD 600 million, and it is anticipated to be greater than USD xx.xx billion by 2025. Global Thoracic Drainage Devices Market will expand at a stable rate owing to an increase in various incidences such as pleural effusion and pneumothorax, coupled with an acceptance of advanced thoracic drainage technological products over the forecast period.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

Market Dynamics

The thoracic drainage devices can be primarily used for ailment signs of pneumothorax, pleural effusion, traumatic pneumothorax and some cardiac surgeries. Some of the key boosting factors for the growth of thoracic drainage devices market include the rise in patient’s preference of cardiovascular diseases, coupled with rising minimally invasive surgeries demand. Cardiovascular diseases are some serious health issues effecting a large number of people across the world. Some of the causes for cardiovascular problems include diabetes, hypertension, along with obesity. These factors are causing cardiovascular disorders, mainly heart strokes, atresia, regurgitation, and stenosis. Rise in open heart surgeries, caused by overweight, lack of workout, smoking and unhealthy lifestyles will further create a significant demand for thoracic drainage device, which will boost the market significantly.

By Application Insights: In terms of application, the thoracic drainage devices market has been segmented into thoracic surgery & pulmonology, general intensive care & emergency medicine, cardiac surgery, oncology & pain management, infectious disease, and military/damage control medicine. The thoracic surgery & pulmonology segment is predicted to hold the prime share of the market, owing to increasing pulmonological and thoracic disorders. Moreover, these devices are further used for treating pleural effusions, empyema, and pneumothorax disorders.

Region Analysis

The global thoracic drainage devices market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America and Europe likely to contribute the dominant share of the global thoracic drainage devices market. The market share is majorly backed by the revenue generated by the U.S. market. This is majorly augmented by the factors like high level of end-user awareness, coupled with favorable health insurance policies. Moreover, the U.S. market is mainly driven by rising adoption of new devices and affordable medical insurance plans for cardiovascular surgical treatments. Asia Pacific held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years.

Global Thoracic Drainage Devices Market Size, Share Analysis By Region 2017

Europe held the second dominant share of the global market. It is majorly contributed by Germany. Rising consumer awareness regarding cardiovascular diseases, coupled with rising health care expenditure will drive the Europe thoracic drainage devices market. Less healthcare facilities’ penetration, coupled with the lack of product availability of thoracic drainage devices will restrict the market growth in regions like Latin America, Middle East, and Africa.

Global Thoracic Drainage Devices Market Study Objective

1. To forecast the market size of thoracic drainage devices market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of thoracic drainage devices market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of thoracic drainage devices market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of thoracic drainage devices market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the thoracic drainage devices market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Some of the key contributors in the global market include Vygon S.A., Cook Medical, Maquet Holding B.V. & Co. KG, Smiths Medical, Medela, Teleflex Incorporated, Medtronic Plc., C. R. Bard, Inc., Utah Medical Products, Inc., and Atmos Medizine Technik Gmbh & Co. KG among several others.

Global Thoracic Drainage Devices Market Study Report Offer You!

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