Global Thoracic Drainage Devices Market to Accumulate Revenues Worth US$ 980 Mn by 2027, Expanding at a CAGR of 5% Over 2019-2027: Transparency Market Research

Global Thoracic Drainage Devices Market to Accumulate Revenues Worth US$ 980 Mn by 2027, Expanding at a CAGR of 5% Over 2019-2027: Transparency Market Research

PR Newswire

ALBANY, New York, March 13, 2020

ALBANY, New York, March 13, 2020 /PRNewswire/ -- The development of new devices for thoracic care shall play an integral role in the growth of the global thoracic drainage devices market. Healthcare professionals assert the importance of caution and comprehensive analysis within the healthcare industry. To simplify their intent, it can be stated that minor medical negligence can become a cause of severe damage to patients. In this regard, development of devices that can assist doctors during an after conducting core medical procedures has become a necessity.

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Most importantly, the need for fresh technologies that increase the success rate of cardiac, spinal, and other surgeries has increased. Henceforth, the importance of thoracic drainage devices in the present scenario remains uncontested. These devices are integral to ensuring quick recovery of patients who have undergone critical surgeries involving the use of the thorax. The total value of the global thoracic drainage devices market is projected to touch US$ 980 Mn by 2027, rising up from a value of US$ 615 Mn in 2018. The CAGR of the global thoracic drainage devices market is tabulated at 5% over the forecast period between 2019 and 2027.

The medical industry continues to recalibrate its focus on patient safety, pain management, and damage control. This trend shall play a vital role in driving demand within the global thoracic drainage devices market.

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Delving into the Details of Healthcare Research and Management

Gather core insights about growth opportunities, trends, and dynamics pertaining to the Global Thoracic Drainage Devices Market (Product, End use, Application, and Region) - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2019 - 2027

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Global Thoracic Drainage Device Market: Growth Drivers and Opportunities

The healthcare industry is at epicentre of national growth and advancement for several countries. A large number of nations have shown immense enthusiasm in improving healthcare, medical, and surgical procedures across their healthcare sector. This trend has led to increased investments in the development of high-end medical technologies and healthcare devices. Manufacturing of thoracic drainage devices has gathered speed in recent times, and the growth of this market can be explained by the following trends:

Absence of Emergency Services Could Constrain Market Growth

Global Thoracic Drainage Devices Market: Business Landscape

WHEN Medela AG's chest drainage system made its way into the market, several other manufacturers began investing in surgical research to develop premium technologies. The chest drainage system provides accurate and precise results related to fluid volume, air leakage, and pleural pressure for chest drain management. Some other notable players in the thoracic drainage devices market are MAQUET Holding B.V. & Co. KG (Getinge AB), C. R. Bard, Inc. (BD), Smiths Medical (Smiths Group plc), and Teleflex Incorporated.

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Global Thoracic Drainage Devices Market: Segmentation

Thoracic Drainage Devices Market by Product

Thoracic Drainage Devices Market by Application

Thoracic Drainage Devices Market by End User

Thoracic Drainage Devices Market by Region

Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:

Respiratory Disposable Devices Market - Respiratory diseases including asthma, chronic obstructive pulmonary disorder (COPD), acute respiratory infections, tuberculosis, and lung cancer are some of the major chronic diseases affecting millions of people around the world. There is an alarming rise in the incidence of respiratory diseases, especially in the Asia Pacific, and the prevalence of respiratory diseases is higher in Western countries including the U.S., the U.K., Germany, France, and Russia.

Cardiovascular Disease Drug Market - Heart disease happens when the vessels of blood of our heart are either diseased or damaged. Condition such as this result in the deposition of fat forming build up called plaque. These plaques can lead to either clot of blood or block blood vessels. Heart diseases can lead to several health issues like problems of heart rhythm, congestive heart failure, or a heart attack. Any of these diseases is capable of causing death to the person; as such treatment of such conditions of heart is of utmost importance.

Pain Management Therapeutics Market - The global market for pain management therapeutics is likely to clock a CAGR of 4.0% for the forecast period from 2017 to 2025. Progressing at this rate, the market's valuation of US$62,246.8 mn in 2016 will become worth US$88,253.4 mn by the end of 2025.

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