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What is the projected market size of the thoracic drainage devices industry, and what is its expected CAGR?
The thoracic drainage devices market size has grown strongly in recent years. It will grow from $0.89 billion in 2024 to $0.97 billion in 2025 at a compound annual growth rate (CAGR) of 8.95%. The growth in the historic period can be attributed to the increasing prevalence of pulmonary diseases, the growing number of thoracic surgeries, the rising geriatric population, the higher adoption of minimally invasive procedures, and the increasing cases of pneumothorax and pleural effusion.
The thoracic drainage devices market size is expected to see strong growth in the next few years. It will grow to $1.35 billion in 2029 at a compound annual growth rate (CAGR) of 8.58%. The growth in the forecast period can be attributed to rising healthcare expenditure, growing awareness about post-operative care, improving hospital infrastructure globally, rising demand for portable drainage systems, and growing adoption of disposable medical devices. Major trends in the forecast period include technological advancements in medical devices, advancements in chest drainage systems, development of smart monitoring systems, innovations in catheter and tubing materials, and introduction of antimicrobial coatings in drainage devices.
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What external factors are influencing the thoracic drainage devices market’s growth momentum?
The increasing prevalence of cardiovascular and pulmonary disorders is expected to propel the growth of the thoracic drainage devices market going forward. Cardiovascular and pulmonary disorders refer to a range of conditions that affect the heart, blood vessels, and lungs, impacting overall cardiovascular and respiratory health. The increasing prevalence of cardiovascular and pulmonary disorders is due to sedentary lifestyles, poor dietary habits, smoking, and a lack of regular health monitoring, leading to a higher demand for specialized treatments and preventive care measures. Thoracic drainage devices aid in the management of cardiovascular and pulmonary disorders by effectively removing excess fluid, air, or blood from the pleural or thoracic cavity, ensuring optimal lung expansion and cardiovascular function. For instance, in December 2023, according to the Australian Institute of Health and Welfare, an Australia-based government agency, doctor-certified deaths due to coronary heart disease (CHD) increased to 14,100 in 2021 and further rose to 14,900 in 2022. Further in June 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, in 2022, COPD was the underlying cause of 7,691 deaths, or 29.6 deaths per 100,000 population, accounting for 4.0% of all fatalities. Therefore, the increasing prevalence of cardiovascular and pulmonary disorders is driving growth in the thoracic drainage devices market.
Minimally Invasive Surgeries Driving Market Growth For The Market
The growing preference for minimally invasive surgeries is expected to propel the growth of the thoracic drainage devices market going forward. Minimally invasive surgeries refer to medical procedures that involve small incisions or no incisions at all, using advanced tools such as cameras and specialized instruments to reduce tissue damage, shorten recovery time, and minimize scarring compared to traditional open surgery. The growing preference for minimally invasive surgeries is attributed to their ability to offer reduced recovery times, lower risk of infection, less scarring, and shorter hospital stays. Thoracic drainage devices play a crucial role in minimally invasive surgeries by effectively managing pleural effusions, air leaks, and fluid buildup, ensuring optimal lung expansion and reducing the risk of complications during recovery. For instance, in June 2024, the American Society of Plastic Surgeons, a US-based non-profit organization, reported that minimally invasive procedures experienced a 7 percent growth in 2023, exceeding the growth rate of surgical procedures by 2 percent. Therefore, the growing preference for minimally invasive surgeries is driving growth in the thoracic drainage devices market.
What are the major market segments driving the growth of the thoracic drainage devices industry?
The thoracic drainage devices market covered in this report is segmented –
1) By Type: Digital, Traditional
2) By Product: Thoracic Drainage Systems, Thoracic Drainage Kits, Pleural Drainage Catheters, Other Products
3) By Application: Cardiac Surgery, Thoracic And Pulmonary Surgery, Other Applications
4) By End-Users: Hospitals, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Digital: Electronic Monitoring Systems, Digital Drainage Units With Real-Time Pressure Measurement, Automated Fluid Monitoring Devices
2) By Traditional: Suction Drainage Systems, Gravity Drainage Systems, Water-Seal Chest Drains
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What are the key trends shaping the thoracic drainage devices market in the forecast period?
Major companies operating in the thoracic drainage devices market are focusing on introducing innovative products such as evacuated drainage bottles to enhance efficiency and reduce the risk of infection during medical procedures. An evacuated drainage bottle is a medical device used to collect and store fluid that is drained from a wound or surgical site, typically under vacuum pressure, to promote healing and prevent infection. For instance, in September 2023, Merit Medical Systems Inc., a US-based manufacturer of disposable medical devices, launched the Aspira evacuated drainage bottle. The aspira evacuated drainage bottle is a medical device designed for the drainage of pleural effusions and malignant ascites, offering patients the option to self-treat at home with enhanced comfort and control over drainage speed while also requiring 23% less storage space than traditional drainage bottles.
Who are the key market players contributing to the growth of the thoracic drainage devices industry?
Major companies operating in the thoracic drainage devices market are Medtronic plc, Terumo Corporation, Smiths Group plc, Teleflex Incorporated, Cook Group Incorporated, Merit Medical Systems, Vygon SA, Poly Medicure Ltd., B. Braun Melsungen AG, Medela AG, Utah Medical Products Inc., Angiplast Private Limited, Sterimed Medical Devices Private Limited, Eurosets s.r.l., Redax S.p.a., Sinapi Biomedical (Pty) Ltd., Rocket Medical plc, ATMOS MedizinTechnik GmbH & Co. KG, Argon Medical Devices Inc., Sterimed Medical Devices Pvt. Ltd.
Which regions are leading the growth of the thoracic drainage devices market globally?
North America was the largest region in the thoracic drainage devices market in 2024. The regions covered in the thoracic drainage devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Can Companies Use The Thoracic Drainage Devices Market Report to Drive Business Results?
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• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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