Drainage Catheter Market

Drainage Catheter Market Snapshot

The global drainage catheter market size is estimated to reach US$ 325 Mn by the end of 2022. The sales of drainage catheters are expected to exceed a valuation of US$ 490 Mn by 2032, in comparison to the US$ 310 registered in the year 2021. On account of increasing introduction of advanced body fluids draining technologies across the globe, the demand for drainage catheters is anticipated to expand at a CAGR of nearly 4% to 5% during the forecast period 2022-2032.

Report Attribute	Details
Drainage Catheter Market Base Year Value (2021)	US$ 310 Million
Drainage Catheter Market Expected Value (2022)	US$ 325 Million
Drainage Catheter Market Anticipated Value (2032)	US$ 490 Million
Drainage Catheter Market Projected Growth Rate (2022-2032)	4% to 5% CAGR

Drainage catheters are medical instruments used to remove excess fluid which gets accumulated in various parts of the body. The procedure for draining the fluids involves inserting these instruments through the skin into the area where fluid has deposited, which is then drained out into a drainage bag.

Which are Prominent Drivers Catapulting the Growth in the Global Drainage Catheter Market

Over the past couple of years, the burden of chronic diseases such as lung cancer, pulmonary edema, malignant lymphedema, cirrhosis, and others register of rapid surge across the world, resulting in creating demand for assistive medical devices.

For instance, according to a study by the National Cancer Institute, around 576,924 people across the U.S. were reported to be living with lung and bronchus cancer across the U.S. Drainage catheters are extensively used for removing the excess fluids such as water, mucus, blood, accumulated in the lungs of patients suffering from aforementioned diseases.

Hence, rising prevalence of such lung cancer is projected to accelerate the sale of drainage catheters in the global market.

Which are Key Factors Creating Restrains for the Drainage Catheter Market Growth

Numerous complications including loss of function due to obstruction, fragmentation of the drain in the body parts, infection, pain, and others related to the use of body fluid draining instruments such as drainage catheters are hindering the demand in the global market.

Also, stringent regulatory frameworks and standards for insertion medical devices are creating restraints the growth in the drainage catheter market.

Why Does North America Account for the Lion’s Share in the Global Drainage Catheter Surgeries

Future Market Insights reveals that North America is projected to emerge as the most lucrative market for drainage catheters from 2022 to 2032.

Due to growing prevalence of conditions such as pulmonary edema and growing usage in radiology services, demand for body fluid draining solutions is surging at robust pace. Hence, several market players are aiming at introducing novel products to address the increasing demand.

For instance, in 2021, Argon Medical Devices, Inc., a U.S.-based manufacturer of specialty medical products announced launching new mini-loop drainage catheters, SKATER™, enabling the removal of unwanted fluids in a minimally invasive manner. A multiplicity of such new product launches are anticipated to favor the growth in the North America market.

Why are the Sales of Drainage Catheters Accelerating in the South Asia Market

South Asia is expected to account for a significant share in the global drainage catheter market during the forecast period 2022-2032, as per FMI.

The drainage catheters market is largely driven by the increasing number of surgical procedures and rising incidence of patients having post-surgical complications resulting in accumulation of body fluids, creating demand for percutaneous and routine effusion drainages solutions.

This, in addition to, increasing the application of drainage catheters for removing the excess blood accumulations caused by the weakened blood vessel bursts and bleeding into the brain surrounding due to neurovascular stroke is favor the demand in the market. Thus, growing prevalence of neurovascular strokes such as cerebrovascular stroke and ischemic stroke is estimated to augment the growth in the South Asia market.

Market Competition

Some of the leading players in the drainage catheter market are Smiths Medical, Sorin, Argon, Atmos & Diversatek, Teleflex, Medtronic, Atrium, Redax, Medela, PAHSCO, Cook Medical, and others.

The market for drainage catheter is highly fragment and competitive, attributed to large presence of local and global players and increasing research and development activities for new products launches by key companies.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 4% to 5% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015-2020
Forecast Period	2022-2032
Quantitative Units	Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Product Type Application Type End User Region
Countries Covered	North America Latin America Europe East Asia South Asia Oceania Middle East and Africa
Key Companies Profiled	Smiths Medical Sorin Argon Atmos & Diversatek Teleflex, Medtronic Atrium Redax Medela PAHSCO Cook Medical Others
Customization	Available Upon Request

Key Segments Profiled in the Drainage Catheter Market Survey

By Product Type:

• J-Tip
• Standard Loop
• Tight Loop

By Application Type:

• Chest Drainage Catheter
• External Ventricular Drainage Catheter
• Cerebrospinal Fluid Drainage Catheter
• Others

By End User:

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Center
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa