The global Thoracic Catheters Market size was significantly robust in 2022 and is expected to register a steady revenue CAGR over the forecast period. Key factors providing impetus to market revenue growth include rise in popularity of minimally invasive operations among patients and increased advancements in healthcare industry.
Thoracic catheters are plastic tubes that are put into patient’s chest and sucked to remove any undesired air, pus, blood, or fluid. As a result, it plays a critical role in pleural space or mediastinum’s operations. Because of severe complications associated with traditional open surgeries, doctors and patients are increasingly inclining toward MI procedures using thoracic catheters on a global scale.
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Major Factors Driving Growth Of The Global Thoracic Catheters Market:
Minimally invasive operations are less expensive, require fewer incisions, and take less time to recuperate from. When compared to traditional surgical methods, minimally invasive video-assisted thoracic surgery (VATS) offers a shorter time of pleural drainage using indwelling thoracic catheters and a lower morbidity rate. As a result, patients are increasingly opting for minimally invasive procedures. The global thoracic catheters market will expand because to a growing patient desire for minimally invasive surgeries. Market for thoracic catheters will also rise due to increasing usage of single-use catheters and self-catheterization. Because single-use catheters are disposable and made of either polyvinyl chloride (PVC) or silicone, they help to reduce the risk of infection. During intermittent catheterization, these catheters reduce short- and long-term problems. Self-catheterization is a procedure that uses disposable thoracic catheters that can be performed at home. These factors will propel market for thoracic catheters to develop over the forecast period.
Furthermore, the growing trend toward robotic surgery is gaining traction as a result of increased use of 3D visualization, propelling market growth.
Factors Restraining Growth Of The Global Thoracic Catheters Market:
The global Thoracic Catheters Market growth is substantially hampered by high maintenance and installation costs for these catheters.
The reuse and reprocessing of thoracic catheters are one of the hurdles in the global thoracic catheters market’s growth. Because of increased usage of reprocessing devices, companies are purchasing fewer items, thereby, slowing the worldwide thoracic catheters market’s growth pace.
The high costs of installation and maintenance of these equipment is another factor that could limit the global Thoracic Catheters market’s revenue growth during this projected period.
Opportunities For Players Operating In The Global Thoracic Catheters Market:
The market players in the Global Thoracic Catheters Market are developing product innovation and portfolio expansion strategies through investments, mergers and acquisitions. To extend their global footprint, vendors are working to create improved thoracic catheters through technological advancements. Additionally, various companies are focusing their R&D efforts on improving their current product portfolios or developing novel products for a variety of ailments.
Global Thoracic Catheters Market Revenue Led By Product:
Catheter valves, stabilization devices, fixing clamps, adapters, and tubing connections make up the thoracic catheter’s accessories market category, which will account for largest proportion of the thoracic catheters market during the projected period. Hospitals and GPOs prefer to buy these accessories in bulk as part of cost-cutting strategy, which is propelling market expansion in this sector.
North America Accounts For Largest Revenue Share In Global Thoracic Catheters Market:
North America led the market with a market share of over 38%, followed by Europe, Asia Pacific. North America’s supremacy can be ascribed to availability of substantial health insurance coverage, increased vendor R&D spending, and widespread acceptance of technologically advanced products.
Major Companies Profiled In The Report:
- Cardinal Health
- LivaNova PLC
- Smiths Group plc
- Teleflex Incorporated
- Getinge AB
Strategies And Objectives Of Major Companies:
- The pharmaceutical and medical segments of Cardinal Health run the company. The business sells a variety of thoracic catheters. Argyle PVC Thoracic Catheters (Straight & Right), Argyle Silicone Mediastinal Catheters, and Argyle Trocar Catheters are some products of the company.
- LivaNova PLC’s Caisson Transcatheter Mitral Valve Replacement (TMVR) technology has completed the PRELUDE feasibility trial. The PRELUDE first-in-human trial looked at the company’s TMVR device, which treats moderate to severe mitral regurgitation with a transseptal approach (MR). This is a less invasive procedure that involves inserting a tube (catheter) through an incision in the groin rather than a chest opening to replace a patient’s mitral valve.
- John Crane, Smiths medical, Smiths detection, Smiths interconnect, and Flex-Tek are the segments that Smiths Group plc operates under. SURGIVET Thoracic Drainage Catheter, PORTEX Pleural Catheters for Blunt Dissection, and PORTEX Pleural Catheters with Flexible Introducer are among the company’s primary items in the thoracic catheters industry.
- Getinge AB operates in several areas, including acute care therapies, surgical processes, and life science. Novation, the premier healthcare services firm that serves the more than 100,000 members and affiliates of VHA Inc., has designated Getinge Group’s Maquet V8 Catheter and Maquet PleuraFlow Active Clearance Technology System as Innovative Technology.
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This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation In Our Report:
For the purpose of this report, the global Thoracic Catheters Market is segmented on the basis of product, application, region:
Product Type Outlook (Revenue, USD Billion; 2023-2032)
Application Outlook (Revenue, USD Billion; 2023-2032)
- Plural Effusion
Region Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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