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. 
  • 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.

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

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

Global Drainage Catheters Market: Research Scope

Global Drainage Catheters Market, by Product Type

  • J-Tip
  • Standard Loop
  • Tight Loop
  • Others

Global Drainage Catheters Market, by Application

  • Chest Drainage Catheter
  • External Ventricular Drainage Catheter
  • Others

Global Drainage Catheters Market, by End-user

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers

Global Drainage Catheters Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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