Chest Drainage System Market

Market Overview

A chest drainage system, also known as a thoracic drainage system, is a sterile, disposable system with a number of drainage holes that are inserted into the pleural (one of the two membranes around the lungs) space, i.e. the space between visceral and parietal pleura, most commonly known as the pleural cavity drainage. It is used to prevent air or fluid back into the patient. A patient may require a chest drainage system at any time the negative pressure in the pleural cavity is disrupted, resulting in respiratory distress. A traditional chest drainage system usually has the following chambers: - collection chamber, water-seal chamber and the wet or dry suction chamber. In addition to the mentioned chambers, a chest drainage system also has many safety features to ensure that high negative pressures can be monitored and relieved quickly. Chest drainage system is usually air tight to prevent the inflow of atmospheric pressure.

Chest Drainage System Market: Drivers and Restraints

The growing prevalence and recurrence of cardiovascular diseases is expected to be the major factor driving the growth of the chest drainage system market over the forecast period. Pneumothorax is one of the major health problems across the globe. Expanding health insurance coverage is expected to increase demand for chest drainage system procedures. Patients with private coverage are more likely to seek medical treatment at an urgent care center or hospital settings. According to industry experts, favourable insurance coverage would influence the chest drain system market significantly by penetrating the sub-urban areas. These factors are expected to boost the growth of the chest drainage system market.

Chest Drainage System Market: Overview

The global market for chest drainage system is expected to witness more transactions and consolidations in the next three to four years. Majority of the products are updated and introduced in the Chest Drainage System market and thus there exists a high competition among the key players. Among the indication types, the pneumothorax segment is expected to lead in the global chest drainage system market over the forecast period. Hospitals, by end users are expected to contribute a considerable share in the global chest drainage system market as it is the most accessible channel and majority of patients are recommended for outpatient treatment.

Chest Drainage System Market: Regional Outlook

Geographically, the global chest drainage system market is segmented into viz. North America, Latin America, Europe, Asia-Pacific, Japan, China and the Middle East and Africa (MEA). North America is expected to be dominant market in the global chest drainage system market due to the factors such as high costs, and high level of awareness. The Chest Drainage System Market in Asia Pacific excluding Japan is expected to grow at a significant CAGR due to rising awareness levels in the developing countries. Europe is expected to have second largest share in the global Chest Drainage System Market throughout the forecast period.

Chest Drainage System Market: Key Players

The global market for chest drainage System is highly competitive. Examples of some of the key players operating in the global chest drainage system market are Teleflex Incorporated, MAQUET Holding B.V. & Co. KG, Utah Medical Products, Inc., Smiths Medical, Inc., ATMOS Medizintechnik GmbH & Co. KG, Sinapi Biomedical, (Becton, Dickinson and Company) and others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.