# Thoracic Drainage Devices Market Rising New Business Opportunities for Investors
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-11-24
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Global Thoracic Drainage Devices Market: Key Findings
Meta Description: Discover the latest insights on the thoracic drainage devices market, including key findings, market trends, and growth projections. Click here for a PDF
URL: https://financedigest.com/thoracic-drainage-devices-market-rising-new-business-opportunities-for-investorshtml

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**Description:**

**Thoracic Drainage Devices Market: Key Findings**

Transparency Market Research has published a new report on the global thoracic drainage [devices](https://www.financedigest.com/the-endodontic-devices-market-to-tilt-towards-digitization.html "The Endodontic Devices Market to tilt towards digitization") market. According to the report, the global [thoracic drainage devices market](https://www.transparencymarketresearch.com/thoracic-drainage-devices-market.html) was valued at ~US$ 615 Mn in 2018, and is projected to expand at a CAGR of ~5% from 2019 to 2027.

Chest tube thoracostomy or chest tube placement is a minimally-invasive procedure carried out to drain air, fluid, or blood from the thoracic space to prevent the lungs from collapsing. A chest tube is also called a thoracic catheter, chest drain, or intercostal drain. This thoracic catheter is inserted into the pleural space. This procedure includes the use of different devices such as thoracic drainage systems, trocar drains, unsecured needles, secured needles, pleural drainage catheters, and thoracic drainage kits. Thoracic drainage devices are used primarily for pleural effusion, pneumothorax, traumatic pneumothorax (gunshot or stab wound), and cardiac surgery procedures.

Patient preference for minimally-invasive surgeries, high prevalence of cardiovascular diseases, and increase in the burden of spontaneous pneumothorax are factors driving the thoracic drainage [devices market](https://www.financedigest.com/thermal-ablation-devices-market.html "Thermal Ablation Devices Market"). Moreover, surge in thoracic surgeries, cardiothoracic surgeries, and cardiovascular surgeries contributes to the growth of the thoracic drainage [devices market](https://www.financedigest.com/orthopedic-trauma-devices-market-is-slated-to-rise-at-a-cagr-of-6-9-to-close-in-on-us-14-8-billion-by-2028.html "Orthopedic Trauma Devices Market is slated to rise at a CAGR of 6.9% to close in on US$ 14.8 Billion by 2028").

**Request a PDF Sample –** [https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep\_id=40529](https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=40529)

In terms of product, the thoracic drainage systems [segment held a major share of the thoracic drainage devices market](https://www.financedigest.com/plant-based-yogurt-market-regional-growth-drivers-segmental-analysis-opportunities-and-trends-2021-2030.html "Plant-based Yogurt Market Regional Growth Drivers, Segmental Analysis, Opportunities and Trends 2021-2030") in 2018. The segment is likely to continue to dominate the market during the forecast period, owing to an increase in the [adoption of thoracic drainage systems in hospitals due to a rise](https://www.financedigest.com/guess-what-public-sector-adoption-of-e-invoicing-on-the-rise.html "GUESS WHAT? PUBLIC SECTOR ADOPTION OF E-INVOICING ON THE RISE!") in the demand for surgical procedures. A thoracic drainage system also offers [advanced](https://www.financedigest.com/iol-delivery-systems-market-latest-advancements-and-business-opportunities-2028.html "IOL Delivery Systems Market  Latest Advancements and Business Opportunities 2028") technological benefits such as portability and new generation of smaller user-friendly digital systems and additional safety features.

In terms of application, the thoracic surgery & pulmonology segment is anticipated to account for a major share of the [global thoracic drainage devices market](https://www.financedigest.com/global-insulated-drinkware-market-to-stand-at-a-us2-5-bn-opportunity-by-2029.html "Global Insulated Drinkware Market to Stand at a US.5 Bn Opportunity by 2029"). The segment is [expected to grow at a rapid pace during the forecast period](https://www.financedigest.com/wind-turbine-generator-market-is-expected-to-reach-net-valuation-of-more-than-us-90-7bn-during-forecast-period-of-2021-to-2031.html "Wind Turbine Generator Market Is Expected To Reach Net Valuation Of More Than US$ 90.7Bn During Forecast Period Of 2021 To 2031"). Thoracic and pulmonological disorders are quite common, and the prevalence of these disorders is increasing. Thoracic drainage devices are used in the treatment of pneumothorax, pleural effusions, and empyema disorders. Spontaneous pneumothorax is one of the major health problems across the globe. It is caused [due to collection of air](https://www.financedigest.com/air-france-cancels-55-of-short-medium-haul-flights-sept-16-due-to-strike.html "Air France cancels 55% of short, medium-haul flights Sept. 16 due to strike") in the chest cavity, which gets resolved on its own; however, most often, it requires hospital admission and urgent medical care.

**Request for Analysis of COVID-19 Impact on Thoracic Drainage Devices Market** – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep\_id=40529

[Rise in product recalls owing to improper packaging](https://www.financedigest.com/the-rise-of-cardboard-packaging-alternatives.html "The Rise of Cardboard Packaging Alternatives") and malfunction, shortage of physicians, and challenges in maintaining chest tube patency are expected to hamper the growth of the global thoracic drainage devices market during the forecast period.

**[Global Thoracic Drainage Devices Market:](https://www.financedigest.com/global-trauma-fixation-devices-market.html "Global trauma fixation devices market") Prominent Regions**

North America held a major share of the global thoracic drainage devices market in 2018. The market in the [region is estimated to expand](https://www.financedigest.com/volkswagen-bp-could-expand-e-car-charging-alliance-to-other-regions.html "Volkswagen, BP could expand e-car charging alliance to other regions") at a high CAGR during the forecast period. The thoracic drainage devices market in North America is driven by a highly structured healthcare industry and availability of well-defined reimbursement policies from private and public [health insurance](https://www.financedigest.com/are-there-tax-breaks-for-business-health-insurance.html "Are there tax breaks for business health insurance?") firms. Additionally, R&D activities being carried out to introduce new thoracic drainage devices with improved design and technology by a large number of market players in North America are [driving](https://www.financedigest.com/discrete-digitization-to-drive-the-chromatographic-separation-resins-market.html "Discrete digitization to drive the Chromatographic Separation Resins Market") the thoracic drainage devices market in the region.

Europe held a significant market share in 2018, after North America. Well-developed healthcare infrastructure and increase in incidence of pneumothorax, pleural effusion, and hemothorax are factors propelling the thoracic drainage devices [market in the region](https://www.financedigest.com/talent-acquisition-staffing-technology-and-services-market-regional-growth-drivers-segmental-analysis-opportunities-and-trends-2021-2028.html "Talent Acquisition & Staffing Technology and Services Market Regional Growth Drivers, Segmental Analysis, Opportunities and Trends 2021-2028").

**Buy Thoracic Drainage Devices Market Report –** [https://www.transparencymarketresearch.com/checkout.php?rep\_id=40529&ltype=S](https://www.transparencymarketresearch.com/checkout.php?rep_id=40529&ltype=S)

Asia Pacific is a significant market for thoracic drainage devices. The region is a relatively untapped market. Hence, the region [presents immense opportunities](https://www.financedigest.com/the-rise-of-finfluencers-presents-unique-opportunities-but-brands-must-proceed-with-caution.html "The rise of “Finfluencers” presents unique opportunities but brands must proceed with caution") for market players. Major factors such as high prevalence of respiratory diseases, increase in number of surgeries, rise in patient population, [growth of healthcare industry](https://www.financedigest.com/leave-in-conditioner-market-industry-outlook-growth-prospects-and-key-opportunities.html "Leave-In Conditioner Market: Industry Outlook, Growth Prospects and Key Opportunities"), and surge in awareness propel the thoracic drainage devices market in the region.

The markets in the Middle East & Africa and Latin America are projected to [experience moderate growth in the near future](https://www.financedigest.com/the-rise-of-virtual-agents-the-future-banking-experience.html "The rise of virtual agents: the future banking experience").

**Global Thoracic Drainage Devices Market: Key Players**

Prominent players operating in the thoracic drainage devices market are C. R. Bard, Inc. (BD), MAQUET Holding B.V. & Co. KG (Getinge AB), Smiths Medical (Smiths Group plc), Teleflex Incorporated, Vygon SA, Medtronic, Cook Medical, Utah Medical Products, Inc., ATMOS MedizinTechnik GmbH & Co. KG, Sinapi Biomedical, Medela AG, and Rocket Medical plc.

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