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Table of Contents
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Market Size of Drainage Catheters Industry
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Study Period
2019 - 2029
Base Year For Estimation
2023
Forecast Data Period
2024 - 2029
Historical Data Period
2019 - 2022
CAGR
4.80 %
Fastest Growing Market
Asia-Pacific
Largest Market
North America
Major Players
*Disclaimer: Major Players sorted in no particular order
Drainage Catheters Market Analysis
The drainage catheters market is projected to register a CAGR of 4.8% during the forecast period (2021-2026).
Drainage procedures are considered essential and non-elective due to the severity of postponing them on patient health. Indeed, many radiologists and medical societies that have recommended strategies for triaging and managing surgeries during the COVID-19 pandemic have outlined drainage procedures as the most critical to perform. Historic sales on drainage catheters also reflect the relatively low impact COVID-19 has had on its sales volumes. Even during the worst-hit months of April and May 2020, where many medical devices experienced maximum decline in sales, drainage catheters had seen a minimum decline, and sales of these devices had returned to pre-pandemic levels by the end of Q2 2020. Thus, the annual impact of COVID-19 has had on this device category is minimal. As a result, sales of this device category are already showing signs of steady growth in 2021 to recoup the minor loss in potential revenue it incurred in 2020.
One of the significant drivers for the drainage catheters market is the high procedure numbers and the growing number of cases for patients to have post-surgical complications managed percutaneously and routine effusion drainages performed. According to National Center for Biotechnology Information (2019), neurovascular stroke is the second most common cause of death, the third most common cause of disability worldwide, and approximately 60%-80% of all strokes are ischemic. This arises when a weakened blood vessel bursts and bleeds into the surrounding brain or due to blocked blood vessels, limiting the blood supply to the brain. Since the past few years, the incidence rate of strokes majorly in low- and middle-income countries has increased more than double. For example, India has a very high incidence rate of ischemic stroke and is one of the principal causes of death. According to All India Institute of Medical Sciences (AIIMS), almost 1.8 million Indians suffer from cerebrovascular stroke every year. Moreover, around 1.1 million people in Europe suffer from ischemic stroke every year.
The growing number of cardiovascular surgeries and the increase in the prevalence of cardiovascular diseases may drive the growth of the market. The National Center for Biotechnology Information, United States stated that in 2014, around 10,581 cardiovascular surgeries were performed and is expected to increase consistently to 15,501 cases in 2040.
The overall market for drainage catheters is growing under the influence of rising awareness and increasing incidences of pneumothorax, pleural effusion, and hemothorax. According to MedlinePlus, an online information service produced by the United States National Library of Medicine, primary spontaneous pneumothorax occurs in 7.4 to 18 per 100,000 men and 1.2 to 6 per 100,000 women each year. Hence, these factors are expected to drive the market growth.
Drainage Catheters Industry Segmentation
As per the scope of the report, a drainage catheter is a medical device that is implanted in the body to treat diseases or perform a surgical procedure. A drainage catheter is usually used in the treatment and removal of fluid build-up throughout the human body. For example, drainage catheters are implanted to extract fluids from abscesses, cysts, pneumothoraces, bilomas, urinomas, and pseudocysts. They can be placed in multiple locations in the body. The drainage catheters market is segmented by Product Type (Chest Drainage Catheters, External Ventricular Drainage Catheter, and Others), by end-user (Hospitals, Clinics, and Ambulatory Surgical Centers), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The report offers the value (in USD million) for the above segments.
By Product Type Chest Drainage Catheter External Ventricular Drainage Catheter Others
By End User Hospitals and Clinics Ambulatory Surgical Centers
Geography North America United States Canada Mexico
Europe Germany United Kingdom France Italy Spain Rest of Europe
Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
Middle East and Africa GCC South Africa Rest of Middle East and Africa
South America Brazil Argentina Rest of South America
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Drainage Catheters Market Size Summary
The drainage catheters market is experiencing steady growth, driven by the essential nature of drainage procedures in medical settings. These procedures are critical and non-elective, underscoring their importance in patient care, especially during the COVID-19 pandemic when other medical interventions were postponed. The market's resilience was evident as sales of drainage catheters quickly rebounded to pre-pandemic levels, highlighting their indispensable role in healthcare. The increasing incidence of conditions such as ischemic strokes and cardiovascular diseases, particularly in low- and middle-income countries, is further propelling the demand for drainage catheters. This demand is fueled by the need for managing post-surgical complications and performing routine effusion drainages, which are becoming more prevalent due to rising health issues globally.
The market is characterized by the dominance of the external ventricular drainage catheter segment, driven by the rising prevalence of traumatic brain injuries and cerebrovascular disorders. This segment's growth is supported by advancements in neuro care research, the demand for less invasive procedures, and increased awareness of neurological disorders. North America leads the global market, with the United States playing a significant role due to its early adoption of advanced healthcare technologies and robust infrastructure. The competitive landscape is marked by the presence of major players like Medtronic plc, Smiths Medical, and Teleflex Incorporated, who are actively introducing innovative products to enhance market offerings. The integration of modern technologies and strategic partnerships, such as those seen with Hatch Medical and Fixit Medical, are expected to further boost market growth during the forecast period.
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Drainage Catheters Market Size - Table of Contents
1. MARKET DYNAMICS
1.1 Market Overview
1.2 Market Drivers
1.2.1 Increase in Prevalence and Incidence of Chronic Diseases
1.2.2 Technological advancements
1.3 Market Restraints
1.3.1 High Cost of Devices
1.4 Porter's Five Force Analysis
1.4.1 Threat of New Entrants
1.4.2 Bargaining Power of Buyers/Consumers
1.4.3 Bargaining Power of Suppliers
1.4.4 Threat of Substitute Products
1.4.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
2.1 By Product Type
2.1.1 Chest Drainage Catheter
2.1.2 External Ventricular Drainage Catheter
2.1.3 Others
2.2 By End User
2.2.1 Hospitals and Clinics
2.2.2 Ambulatory Surgical Centers
2.3 Geography
2.3.1 North America
2.3.1.1 United States
2.3.1.2 Canada
2.3.1.3 Mexico
2.3.2 Europe
2.3.2.1 Germany
2.3.2.2 United Kingdom
2.3.2.3 France
2.3.2.4 Italy
2.3.2.5 Spain
2.3.2.6 Rest of Europe
2.3.3 Asia-Pacific
2.3.3.1 China
2.3.3.2 Japan
2.3.3.3 India
2.3.3.4 Australia
2.3.3.5 South Korea
2.3.3.6 Rest of Asia-Pacific
2.3.4 Middle East and Africa
2.3.4.1 GCC
2.3.4.2 South Africa
2.3.4.3 Rest of Middle East and Africa
2.3.5 South America
2.3.5.1 Brazil
2.3.5.2 Argentina
2.3.5.3 Rest of South America
Drainage Catheters Market Size FAQs
What is the current Drainage Catheters Market size?
The Drainage Catheters Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)
Who are the key players in Drainage Catheters Market?
Getinge AB, Cook Medical, Medtronic plc, Smiths Medical and Teleflex Incorporated are the major companies operating in the Drainage Catheters Market.
Drainage Catheters Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)
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