Drainage Catheters Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| 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 Market Trends
This section covers the major market trends shaping the Drainage Catheters Market according to our research experts:
External Ventricular Drainage Catheter Segment Expected to Account for Major Share of Global Market
The external ventricular drainage catheter segment dominated the market in the historic period and is expected to dominate the market during the forecast period. The rising prevalence of traumatic brain injuries and cerebrovascular disorders worldwide leads to the increased demand for the external ventricular drain segment, driving the market growth. According to Stroke Statistics 2018, in the United Kingdom, over 100,000 people suffer from strokes every year and there are approximately 1.3 million stroke survivors in the United Kingdom.
Moreover, factors such as the rising number of traumatic brain injuries due to road accidents, growing attention on research and development in the field of neuro care, an increasing number of cranial injuries, growing demand for less invasive neurosurgical procedures, and increasing awareness linked to neurological disorders in low-income countries are driving the growth of this segment. For instance, an examination based on primary government statistics by the Centers for Medicaid &Medicare Services reveals that the United States healthcare expenditure grew 4.6% in 2018, reaching USD 3.6 trillion. The health expenditure accounted for almost 18% of the country's GDP (Gross Domestic Product). In addition, other developed nations such as France, Germany, and Japan increase their healthcare expenditure each year.
Furthermore, the integration of various modern technologies, and the introduction of new products by the key market players, are likely expected to boost the segment during the forecast period.
North America dominates the market in the historic period and is expected to dominate in the forecast period.
The North American region dominated the global drainage catheter market due to the greater incidence of traumatic brain injuries, high prevalence of neurovascular disorders, and increasing demand for cardiovascular surgical procedures.
The United States contributed to the highest share in North America principally due to the early application of the latest healthcare technologies. Moreover, the availability of the latest infrastructure and the presence of manufacturing companies also contributes to the high market portion. As per the Centers for Disease Control and Prevention (CDC) in the United States, stroke is the fifth main cause of death, and more than 140,000 people are killed due to cerebrovascular stroke each year.
As per the United States Census and the Society of Thoracic Surgery, estimated that by 2030, around 3,000 cardiothoracic surgeons will be available to cover about 854,000 cases. Moreover, the high adoption rate for advanced medical products and increased awareness about minimally invasive surgical procedures also enhance this region's market growth within the forecast period.
Drainage Catheters Industry Overview
The drainage catheters market is competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Medtronic plc, Smiths Medical, Teleflex Incorporated, Getinge AB, and Cook Medical.
Drainage Catheters Market Leaders
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Getinge AB
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Cook Medical
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Medtronic plc
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Smiths Medical
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Teleflex Incorporated
*Disclaimer: Major Players sorted in no particular order
Drainage Catheters Market News
In June 2021, Becton, Dickinson and Company announced it had received United States F.D.A. approval for its PeritX Peritoneal Catheter System, which was introduced in 2005 to drainage malignant ascites. Ascites are a debilitating condition that causes the build-up of fluid in the abdomen.
In February 2021, Hatch Medical, L.L.C. entered into an agreement with Fixit Medical, Ltd. to sell or out-license Fixit Medical's next-generation drainage catheter fixation device, Cingo, a percutaneous drainage catheter that has become the treatment of choice for a wide variety of abnormal fluid collections such as abscesses and ascites and is also widely used for the relief of renal and biliary obstruction.
Drainage Catheters Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increase in Prevalence and Incidence of Chronic Diseases
- 4.2.2 Technological advancements
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4.3 Market Restraints
- 4.3.1 High Cost of Devices
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Product Type
- 5.1.1 Chest Drainage Catheter
- 5.1.2 External Ventricular Drainage Catheter
- 5.1.3 Others
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5.2 By End User
- 5.2.1 Hospitals and Clinics
- 5.2.2 Ambulatory Surgical Centers
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Middle East and Africa
- 5.3.4.1 GCC
- 5.3.4.2 South Africa
- 5.3.4.3 Rest of Middle East and Africa
- 5.3.5 South America
- 5.3.5.1 Brazil
- 5.3.5.2 Argentina
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Medtronic plc
- 6.1.2 Smiths Medical
- 6.1.3 Teleflex Incorporated
- 6.1.4 Getinge AB
- 6.1.5 Cook Medical
- 6.1.6 Argon Medical
- 6.1.7 ATMOS MedizinTechnik GmbH & Co. KG
- 6.1.8 Medela AG
- 6.1.9 Pacific Hospital Supply Co.,Ltd (PAHSCO)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityDrainage 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 | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Drainage Catheters Market Research 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.
Which is the fastest growing region in Drainage Catheters Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Drainage Catheters Market?
In 2024, the North America accounts for the largest market share in Drainage Catheters Market.
What years does this Drainage Catheters Market cover?
The report covers the Drainage Catheters Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Drainage Catheters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Drainage Catheters Industry Report
Statistics for the 2024 Drainage Catheters market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Drainage Catheters analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
