PUBLISHER: The Business Research Company | PRODUCT CODE: 1948183
PUBLISHER: The Business Research Company | PRODUCT CODE: 1948183
Thoracic drainage devices are medical tools used to remove air, fluid, or pus from the pleural space or mediastinum to enable proper lung expansion and restore normal intrathoracic pressure. These devices are commonly employed in the treatment of pneumothorax, pleural effusion, hemothorax, empyema and during the postoperative management of thoracic and cardiac surgeries.
The thoracic drainage devices market consists of sales by entities (organizations, sole traders and partnerships) of thoracic drainage devices that are used by thoracic surgeons, cardiothoracic surgeons, pulmonologists, emergency physicians and intensive care specialists. These devices are typically used during surgical interventions, post-surgical recovery, emergency procedures, or in chronic care management of pleural conditions.
The global thoracic drainage devices market reached a value of nearly $890.00 million in 2024, having grown at a compound annual growth rate (CAGR) of 7.06% since 2019. The market is expected to grow from $890.00 million in 2024 to $1,186.83 million in 2029 at a rate of 5.93%. The market is then expected to grow at a CAGR of 5.21% from 2029 and reach $1,530.03 million in 2034.
Rising Prevalence Of Smoking And Air Pollution
During the historic period, the thoracic drainage devices market was mainly driven by the rising prevalence of smoking and air pollution. Prolonged exposure to tobacco smoke and airborne pollutants damages lung tissues, reduces respiratory efficiency and increases the likelihood of conditions such as chronic bronchitis, emphysema and pleural effusions. This surge in lung-related complications has driven the demand for thoracic drainage devices, which play a crucial role in managing fluid accumulation and air leakage in the pleural cavity. For instance, in December 2023, according to the Press Information Bureau, an India-based national government source, Delhi's annual daily average PM2.5 (particulate matter) concentration reached 100 µg/m3 in 2023 compared to 98 µg/m3 (micrograms per cubic meter) in 2022. The PM2.5 level in 2023 thus showed a 2.0% increase over the previous year. Additionally, in November 2024, according to the New Zealand Ministry of Health, a New Zealand-based government health department, the prevalence of daily smoking among adults (15+) reached 6.9% in 2023/24 compared to 6.8% in 2022/23. The daily smoking rate in 2023/24 thus showed a 0.1 percentage-point increase over the previous year. Therefore, the thoracic drainage devices market was mainly driven by the rising prevalence of smoking and air pollution.
Adoption Of Portable And Compact Thoracic Drainage Solutions For Improved Mobility
Companies operating in the thoracic drainage devices are increasingly focusing on developing and commercializing portable and compact drainage systems that enable patient mobility post-surgery or during ambulatory care settings, thereby supporting faster recovery and earlier discharge. These compact systems reduce dependence on wall-vacuum infrastructure, facilitate patient ambulation and allow transitions from hospital wards to lower-acuity units or home environments. For example, in September 2024, Bearpac Medical, LLC, a US-based privately held start-up medical technology company, launched the clinical trial for its Passio(TM) Pump Drainage System at North Bristol NHS (national health service) Trust in the UK. The system consists of a hand-held control unit, a disposable collection kit and an electronically controlled fluid and vacuum pump allowing patients with recurrent pleural effusions to manage drainage with greater mobility and flow control relative to traditional bottle systems.
The global thoracic drainage devices markets is concentrated, with large players operating in the market. The top 10 competitors in the market made up 36.96% of the total market in 2024.
Thoracic Drainage Devices Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global thoracic drainage devices market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for thoracic drainage devices? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The thoracic drainage devices market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider thoracic drainage devices market; and compares it with other markets.