Digital Thoracic Drainage System Market Key Players Business Strategies Analysis Report to 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Digital Thoracic Drainage System Market (By Product (Drainage Systems, Accessories & Disposables (Thoracic Chest Drainage Kits, Tubing, Suction Control Devices, Others (water seal chambers, collection chambers, etc.))), By Application (Cardiac Surgery, General Intensive Care & Emergency Medicine, Oncology & Pain Management, Thoracic Surgery & Pulmonology), By End-User (Ambulance Services, Ambulatory Surgery Centers, Hospitals & Specialty Clinics (Anesthesiologist, Cardiologist, Infectiologist, Pulmonologist, Other Medical Specialists.), Military Surgeons, Urgent Care or Outpatient Care)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”

According to the latest research by InsightAce Analytic, the Global Digital Thoracic Drainage System Market is valued at US$ 84.78 Mn in 2022, and it is expected to reach US$ 162.15 Mn by 2031, with a CAGR of 7.7% during a forecast period of 2023-2031.

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The digital thoracic drainage system is a unique medical equipment that incorporates cutting-edge technologies such as wireless networking, remote monitoring, and mobile applications. Manufacturers are investing much in R&D to create new solutions to treat a variety of respiratory ailments. These factors are projected to push the market growth in the coming years. The rising prevalence of lung ailments, trauma cases, and cardiovascular disorders all increase the demand for thoracic drainage systems. Digital methods allow for more efficient management of pleural and mediastinal drainage, hence satisfying the healthcare needs of a wider patient population. Thoracic drainage devices are intended to remove air, liquids, and some particles from the chest pleural space. Factors like increasing demand for minimally invasive operations, the high frequency of cardiovascular disorders, and an increase in the burden of spontaneous pneumothorax are propelling the thoracic drainage devices market forward. The increased desire for minimally invasive techniques over open surgery is fueling rapid industry expansion. 

List of Prominent Players in the Digital Thoracic Drainage System Market:

• Medtronic plc
• Becton, Dickinson and Company (BD)
• Getinge AB
• Teleflex Incorporated
• Sterimed Group
• ICU Medical (Smiths Medical)
• Cook Medical
• Cardinal Health, Inc.
• Vygon SA
• Utah Medical Products, Inc.
• Sinapi Biomedical
• Medela AG
• Redax
• Getinge
• ATMOS MedizinTechnik GmbH Co. KG

Market Dynamics:

Drivers- 

The increasing use of digital thoracic drainage systems in hospitals and healthcare facilities is propelling market growth. Healthcare professionals are more inclined to include these technologies in their treatment procedures as they become more aware of their therapeutic benefits. The increasing number of surgical procedures, particularly thoracic surgeries, adds to the demand for thoracic drainage systems. Digital systems allow for more efficient post-operative administration and drainage, which aids in patient rehabilitation.

Challenges:

Digital thoracic drainage systems may have greater upfront expenditures than traditional systems. For some healthcare facilities, particularly those with low financial means, the initial expenditure required to acquire digital technologies, as well as prospective training costs for healthcare professionals, might be a barrier to adoption. Moreover, a scarcity of experienced physicians and rigorous regulatory guidelines could hinder market expansion over the forecast period. Healthcare facilities might encounter difficulties due to a lack of standardized protocols and interoperability across digital thoracic drainage systems. When using gadgets from multiple manufacturers, compatibility concerns may develop.

Regional Trends:

The North America Digital Thoracic Drainage System Market is expected to record a maximum market share and is projected to grow at a high CAGR in the near future. North America, notably the United States, is a large market for medical devices such as digital thoracic drainage systems. Several factors influence market dynamics in this region. The region has well-established healthcare facilities, research organizations, and hospitals that can embrace and integrate digital medical technologies. Moreover, Asia Pacific is predicted to rise rapidly. Many countries in the Asia Pacific area are seeing rising healthcare costs as a result of economic expansion, population ageing, and increased awareness of innovative medical advances.

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Recent Developments:

• In January 2022, Smiths Medical was purchased by ICU Medical from the Smiths Group. ICU Medical is one of the major infusion treatment firms with a global reach after adding Smiths Medical’s medical infusion devices and syringes and vascular access & critical care products to its portfolio.

• In Dec 2020, Medela released new data showing that the Thopaz+ Digital Chest Drain increased safety and helped prevent cross-contamination throughout the COVID-19 Pandemic and beyond. This successfully reduced the spread of pathogenic aerosols and cross-contamination. Patients and employees were protected thanks to Thopaz+’s filtering system.

Segmentation of Digital Thoracic Drainage System Market-

By Product-

• Drainage Systems
• Accessories & Disposables
  • Thoracic Chest Drainage Kits
  • Tubing
  • Suction Control Devices
  • Others (water seal chambers, collection chambers, etc.)

By Application-

• Cardiac Surgery
• General Intensive Care & Emergency Medicine
• Oncology & Pain Management
• Thoracic Surgery & Pulmonology

By End-User-

• Ambulance Services
• Ambulatory Surgery Centers
• Hospitals & Specialty Clinics
  • Anesthesiologist
  • Cardiologist
  • Infectiologist
  • Pulmonologist
  • Other Medical Specialists.
• Military Surgeons
• Urgent Care or Outpatient Care

By Region-

North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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