Drainage Catheters Market: Introduction
Catheter is a flexible and thin tube made up of medical grade materials to serve variety of functions including access by surgical instruments, drainage, and administration of fluids or gases. It also performs a broad range of tasks. It is medical device that can be implanted in the body to perform a surgical procedure or treat diseases.
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Drainage catheter is usually used in the treatment and removal of fluid build-up throughout the human body. Drainage catheters are employed in the extraction of fluids from pneumothoraces, abscesses, urinomas, bilomas, cysts, and pseudocysts.
Drainage catheters can be placed in multiple locations in the body. Various types of drainage catheters include Jackson-Pratt type drain (post-surgical bulb), percutaneous drainage catheter (pigtail), T-tube (biliary drainage), thoracic catheters – chest tubes, Blake drain (capillary action), Penrose drain (simple open tube – superficial), nasogastric suction tubes, and sump drain.
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Key Drivers of Global Drainage Catheters Market
The global drainage catheters market is primarily driven by increase in prevalence and incidence of chronic diseases such as cancer and cardiovascular diseases. Incidence of cancer is rising rapidly in countries with unhealthy lifestyles. Increase in adoption of drainage catheters and technological advancement have led to a revolutionary trend in product development. This is expected to drive the demand for drainage catheters during the forecast period.
Decrease in the cost of minimally invasive products is encouraging new players to enter the market. Reimbursement options for treatments carried though a drainage catheter are available in most of the developed countries. This is expected to drive the global drainage catheters market during the forecast period.
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Chest Drainage Catheter Segment Expected to Account for Major Share of Global Market
Based on application, the global drainage catheters market can be divided into chest drainage catheter, external ventricular drainage catheter, and others
The chest drainage catheter segment is anticipated to dominate the market during the forecast period. The segment’s dominance can be ascribed to the large usage of drainage catheters in chest drainage applications in order to remove excess fluid deposition.
Hospitals Segment to Offer Lucrative Opportunities
In terms of end-user, the global drainage catheters market can be classified into hospitals, specialty clinics, and ambulatory surgical centers
The hospitals segment is expected to account for major share of the global drainage catheters market by 2027, led by the large number of procedures performed in hospitals across the globe
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North America to Dominate Global Drainage Catheters Market
In terms of region, the global drainage catheters market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global market during the forecast period.
Rapid increase in demand for thoracic surgery and cardiac surgery procedures and high awareness among people are expected to drive the drainage catheters market in North America in the near future
Demand for drainage catheters has been rising significantly in France, the U.K., and Germany in Europe. Increase in demand for drainage catheters in countries such as Japan, India, and China is expected to boost the demand for drainage catheters in Asia Pacific.
Lack of availability of innovative chest drainage and affordability issues related to drainage catheters are likely to hamper the drainage catheters market in developing and underdeveloped countries in Latin America and Middle East & Africa
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Key Players Operating in Global Market
Key players operating in the global drainage catheters market are:
- Smiths Medical
- Redax
- Medtronic
- Teleflex Incorporated
- Atrium (Getinge Group)
- Argon Medical
- PACIFIC HOSPITAL SUPPLY CO. LTD. (PAHSCO)
- Medela AG
- Cook
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