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How has the thoracic drainage devices market grown in recent years?
In recent years, there’s been a robust expansion in the market size of thoracic drainage devices. The market is predicted to ascend from $0.89 billion in 2024 to about $0.97 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.95%. Factors contributing towards the historical growth include a rise in pulmonary diseases, an uptick in thoracic surgeries, an ageing population, enhanced uptake of minimally invasive techniques, as well as increasing instances of pneumothorax and pleural effusion.
How is the thoracic drainage devices market size expected to evolve during the forecast period?
In the coming years, there will be a robust increase in the market size of thoracic drainage devices, reaching $1.35 billion in 2029 with a compound annual growth rate (CAGR) of 8.58%. This anticipated growth during the forecast period can be credited to factors such as heightened healthcare spending, increased understanding of care after surgery, enhancements in hospital facilities worldwide, a burgeoning demand for portable drainage systems, and rising use of disposable medical apparatuses. Key trends during this forecast period comprise of advancements in medical device technology, progress in chest drainage systems, the evolution of smart monitoring mechanisms, advancements in catheter and tubing materials, along with the introduction of antimicrobial coatings in drainage paraphernalia.
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Which key drivers are propelling the thoracic drainage devices market’s growth?
An upsurge in cardiovascular and pulmonary disorders is expected to trigger the expansion of the thoracic drainage devices market. These disorders involve conditions impacting the heart, blood vessels, and lungs, thus affecting overall heart and respiratory health. Sedentary lifestyles, unhealthy eating habits, smoking, and irregular health check-ups contribute to the rise in these disorders, leading to heightened demand for specialized treatment and preventive care. Thoracic drainage devices contribute to the treatment of cardiovascular and pulmonary disorders by effectively eliminating excess fluid, air, or blood from the pleural or thoracic cavity, thereby ensuring optimal lung and heart functioning. For example, government agency Australian Institute of Health and Welfare indicated that in December 2023, physician-certified deaths owing to coronary heart disease rose to 14,100 in 2021 and further elevated to 14,900 in 2022. Furthermore, in June 2024, the same agency revealed that in 2022, COPD was the root cause of 7,691 deaths or 29.6 deaths per 100,000 population, accounting for 4.0% of all deaths. Hence, the upsurge in cardiovascular and pulmonary disorders is spurring the growth of the thoracic drainage devices market. An increasing inclination towards minimally invasive surgeries is also anticipated to boost the thoracic drainage devices market. Minimally invasive surgeries involve slight or no incisions, using state-of-the-art tools like cameras and specialized instruments to lessen tissue damage, accelerate recovery, and reduce scarring compared to conventional open surgery. The rising trend of minimally invasive surgeries is due to their benefits, such as quicker recovery times, lower infection risks, reduced scarring, and shorter hospital stays. Thoracic drainage devices play a pivotal role in these surgeries by effectively managing pleural effusions, air leaks, and fluid accumulation, thereby ensuring optimal lung expansion and mitigating recovery complications. For instance, a report by the non-profit organization American Society of Plastic Surgeons in June 2024 mentioned a 7 percent rise in minimally invasive procedures in 2023, a growth surpassing surgical procedures by 2 percent. Therefore, the increasing preference for minimally invasive surgeries is catalyzing the growth of the thoracic drainage devices market.
What are the market segments in the thoracic drainage devices industry?
The thoracic drainage devices market covered in this report is segmented –
1) By Type: Digital, Traditional
2) By Product: Thoracic Drainage Systems, Thoracic Drainage Kits, Pleural Drainage Catheters, Other Products
3) By Application: Cardiac Surgery, Thoracic And Pulmonary Surgery, Other Applications
4) By End-Users: Hospitals, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Digital: Electronic Monitoring Systems, Digital Drainage Units With Real-Time Pressure Measurement, Automated Fluid Monitoring Devices
2) By Traditional: Suction Drainage Systems, Gravity Drainage Systems, Water-Seal Chest Drains
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Which leading companies are shaping the growth of the thoracic drainage devices market?
Major companies operating in the thoracic drainage devices market are Medtronic plc, Terumo Corporation, Smiths Group plc, Teleflex Incorporated, Cook Group Incorporated, Merit Medical Systems, Vygon SA, Poly Medicure Ltd., B. Braun Melsungen AG, Medela AG, Utah Medical Products Inc., Angiplast Private Limited, Sterimed Medical Devices Private Limited, Eurosets s.r.l., Redax S.p.a., Sinapi Biomedical (Pty) Ltd., Rocket Medical plc, ATMOS MedizinTechnik GmbH & Co. KG, Argon Medical Devices Inc., Sterimed Medical Devices Pvt. Ltd.
What emerging trends are influencing the growth of the thoracic drainage devices market?
Major companies operating in the thoracic drainage devices market are focusing on introducing innovative products such as evacuated drainage bottles to enhance efficiency and reduce the risk of infection during medical procedures. An evacuated drainage bottle is a medical device used to collect and store fluid that is drained from a wound or surgical site, typically under vacuum pressure, to promote healing and prevent infection. For instance, in September 2023, Merit Medical Systems Inc., a US-based manufacturer of disposable medical devices, launched the Aspira evacuated drainage bottle. The aspira evacuated drainage bottle is a medical device designed for the drainage of pleural effusions and malignant ascites, offering patients the option to self-treat at home with enhanced comfort and control over drainage speed while also requiring 23% less storage space than traditional drainage bottles.
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Which geographic areas are influencing the growth of the thoracic drainage devices market?
North America was the largest region in the thoracic drainage devices market in 2024. The regions covered in the thoracic drainage devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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