close
close

Global Chest Drainage Devices Market $238 Mn Analysis, Trends and Forecasts to 2029 – ResearchAndMarkets.com

Posted on by darion

Report added: “Global Digital Chest Drainage Devices Market: Analysis by Type, Application, End User, Region Size, Trends and Forecast to 2029” Research & Marketing.com offering.

The digital chest drainage market was valued at USD 167.94 million in 2023 and is expected to grow to USD 238.15 million by 2029. The market is expected to grow at a CAGR of 6.07% during the forecast period of 2024–2029.

The global digital chest drainage devices market has been witnessing steady growth, primarily driven by the increased number of thoracic surgeries, growing demand for minimally invasive procedures, increasing acceptability of digital chest drainage systems (DTDS), increasing prevalence of cardiovascular diseases worldwide, and increasing incidence of spontaneous pneumothorax.

In addition, DTDS helps reduce or eliminate hospitalization costs. Moreover, emerging economies including China, India, South Korea, Brazil, Russia, South Africa, and Turkey provide significant opportunities for prominent companies in the chest drainage device market due to their huge populations, especially in China and India.

The global digital chest drainage device market is moderately consolidated with a few players accounting for the majority of the market revenue and competing to offer better products in the business space. Large market players are focusing on events such as new product launches, approvals, mergers & acquisitions, partnerships, expansions, and collaborations to remain competitive in the market.

North America is the largest region of the global digital chest drainage device market owing to the high prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and lung cancer, rising R&D expenditure, early availability of advanced technologies, significant presence of a highly structured healthcare sector, availability of well-defined reimbursement policies from private and public insurance companies, aging population, and presence of advanced healthcare infrastructure and key market players in the US and Canada. Teleflex Incorporated, Medela, Centese, Inc., and Cardinal Health, Inc. have a strong presence in the US, which is contributing to the growth of the North America market.

Asia Pacific is the fastest growing region for the global digital chest drainage devices due to high prevalence of chronic respiratory diseases, rapidly expanding medical equipment industry, rising sales of new devices, expanding middle class in populous countries such as China and India, increasing number of surgical procedures, evolving healthcare reforms, increasing penetration of healthcare companies, and increasing investments in medical technology. Moreover, Asia Pacific is likely to gain market share during the forecast period due to higher population of patients with cardiovascular diseases, growth of geriatric population, high prevalence of infectious diseases, developing healthcare infrastructure, and growth in medical tourism.

Market segmentation analysis

Single chamber devices constitute the largest segment of the global digital chest drainage market due to their frequent use in postoperative care, increasing demand for drainage systems in developing countries, increasing consumer interest in minimally invasive procedures, higher incidence of lung diseases, simpler device design and ease of use, increasing focus on cost reduction by hospitals and healthcare systems, rising healthcare expenditures worldwide, reduced need for multi-chamber capabilities in some cases, and continued advances in improved functionality in terms of precise suction pressure control, real-time drainage monitoring, and automatic data collection and recording.

Multichamber devices are the fastest growing segment of the global digital chest drainage market. This is due to the increasing complexity of chest surgeries, increased awareness and training among healthcare professionals regarding the benefits and proper use of multichamber digital chest drainage devices, the increasing incidence of severe chest conditions, and the continued development of multichamber devices with advanced features such as digital readings, remote monitoring, and automated alerts, making them extremely attractive to healthcare providers.

Thoracic and pulmonary surgery is the largest and fastest growing segment of the global digital chest drainage market, driven by the increasing prevalence of lung diseases, the rise in lifestyle-related cardiovascular diseases, the positive shift towards minimally invasive chest surgeries such as video-assisted thoracoscopic surgery (VATS) and robotic procedures, the growing need for precise and reliable postoperative management in chest surgeries, and the reduced risk of complications associated with the use of digital chest drainage devices.

Hospitals constitute the largest and fastest growing segment of the global digital chest drainage market due to high patient volume, presence of advanced infrastructure and skilled medical personnel, improved outcomes for patients undergoing cardiothoracic surgery performed in hospitals, increased capacity of hospitals to perform complex surgeries, provision of 24/7 care, and extensive use of chest drainage devices in various procedures including surgery, trauma care, and treatment of chest diseases.

Key Features:

Report Attribute Details
number of pages 153
Forecast period 2024-2029
Estimated Market Value (USD) 2024 $177.38 million
Projected Market Value (USD) to 2029 238.15 million dollars
Compound Annual Growth Rate 6.1%
Regions covered Global

Market dynamics

Growth engines

  • Aging society

  • Rising incidence of respiratory and chest diseases

  • Growing use of digital medical devices in healthcare sector

  • Positive change from traditional analog chest drainage devices to digital chest drainage systems

  • Increased Need for Digital Chest Drainage After Chest Surgery

Challenges

  • Lack of qualified personnel

  • High initial cost of digital devices

Market trends

  • Growing integration of AI technologies

  • The rapid evolution of minimally invasive surgery techniques

  • Growing Demand for IoT-Powered Chest Care Devices

  • A positive shift towards telemedicine and home care

Competitive environment

  • Teleflex on

  • Getinge AB

  • Cardinal Health, Inc.

  • Medtronic PLC

  • Medela

  • Centese, Inc.

  • Rocket Medical Limited Liability Company

  • Sinapi Biomedical

  • Redax SpA

  • ATMOS MedizinTechnik GmbH & Co. KG

For more information on this report, please visit https://www.researchandmarkets.com/r/muan82

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, leading companies, new products and the latest trends.