The estimated valuation of the worldwide chest drainage system market is US$ 1,034.25 million in 2023 and US$ 1,795.93 million in 2033. Over the course of the assessment period, it is projected that the demand for chest drainage systems will rise at a CAGR of 5.7%.
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Chest Drainage Systems: A Crucial Tool for Managing Cardiovascular Diseases, Pleural Effusion, and Cancer
Several factors are expected to drive growth in the chest drainage system market during the forecast period. These include the rising prevalence of cardiovascular and respiratory diseases, expanding healthcare infrastructure, increasing number of surgeries, and growing adoption of digital chest drainage systems.
Chest drainage systems are witnessing high demand due to increased chest drainage management usage. These medical devices are widely used to remove fluid, air, or blood from the pleural space. Chest drainage systems treat medical conditions like pleural effusion, hemothorax, and spontaneous pneumothorax. Hence, the rising incidence of these diseases is expected to drive chest drainage system demand during the forecast period.
The prevalence of pleural effusion cases is on the rise for several reasons. First, the aging population is more susceptible to chronic illnesses, including congestive heart failure, a common contributor to pleural effusion. Second, cardiovascular diseases, such as congestive heart failure, continue to rise, often leading to pleural effusion as a complication.
The interconnectedness between cardiovascular diseases and pleural effusion underscores the crucial role of chest drainage systems in managing these conditions. Driven by this, sales of chest drainage systems are expected to thrive steadily through 2033. In the United States, around 1.5 million patients experience pleural effusion yearly, with underlying causes of congestive heart failure, pneumonia, and cancer. This is expected to uplift demand for chest drainage systems as they are often employed for treating pleural effusion.
The increasing incidence of cancer contributes significantly to the demand for chest drainage systems. Pleural effusion can occur due to the tumor or cancer treatments, including radiation therapy and chemotherapy. As cancer diagnoses become more frequent and oncological treatments become more prevalent, the demand for effective pleural effusion management, including chest drainage systems, will rise substantially.
Another key factor boosting the global chest drainage system market is the rising popularity of digitalized chest drainage systems. Digital chest drainage systems are gaining immense traction, allowing medical professionals to monitor patients’ drainage levels and adjust the system setting remotely.
Key Takeaways:
- The global chest drainage system industry is expected to total US$ 1,034.25 million by 2033.
- By product, the pleural drainage systems segment will hold over 82.4% value share by 2033.
- By indication, the pleural effusion segment is set to thrive at 4.5% CAGR through 2033.
- By end user, hospitals segment is expected to attain a valuation of US$ 757.93 million by 2033.
- Sales in the United States are projected to total US$ 478.19 million by 2033.
- Demand in Japan is expected to rise at 9.7% CAGR through 2033.
- India is poised to exhibit a CAGR of 7.1% during the forecast period.
- Total revenue in China is predicted to reach US$ 189.49 million by 2033.
Top Chest Drainage Systems Manufacturers and their Winning Strategies:
Expansion and acquisition are key strategies of leading manufacturers like Teleflex Incorporated and B. Braun Melsungen AG to enhance their presence globally and compete with other competitors. Following are a few examples of expansion and acquisition made by them to be at the top position:
- In April 2023, Teleflex Incorporated started construction on an expansion project for their Teleflex Medical OEM facility in Jaffrey, NH.
Key Companies:
- Teleflex Incorporated
- B. Braun Melsungen AG
- Smiths Medical (ICU Medical Inc.)
- Becton, Dickinson and Company
- Cardinal Health
- Redax S.p.A.
- Merit Medical Systems
- Getinge AB
- Rocket Medical plc.
- Grena Ltd.
- Sterimed Group
- pfm medical ag
- Medela AG
- Sinapi Biomedical
- ATMOS MedizinTechnik GmbH & Co. KG
- unimax Medical Systems Inc.
- Ningbo Xinwell Medical Technology Co., LTD.
- Cook
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Chest Drainage System Market Segmentation
By Product:
- Pleural Drainage Systems
- Traditional Pleural Drainage Systems
- Digital Pleural Drainage Systems
- Pleural Drainage Systems Kits
- Pleural Drainage Systems Accessories
By Indication:
- Pleural Effusion
- Hemothorax
- Spontaneous Pneumothorax
- Tension Pneumothorax
- Traumatic Pneumothorax
- Cardiac Tamponade
- Coronary artery bypass grafting (CABG) Procedures
- Open Heart Surgeries
By End-user:
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan & Baltic Countries
- Middle East & Africa
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