Global Drainage Catheters Market: Current Analysis and Forecast (2022-2028)

Global Drainage Catheters Market: Current Analysis and Forecast (2022-2028)

The drainage catheters are the tubes that are used to remove the access body fluids from the body during the drainage procedure. The blood or body fluid accumulates inside some cavities after surgery or infections, and this fluid’s drainage becomes necessary as it can damage surrounding tissues or organs. The rising number of surgical procedures and the growing number of patients with post-surgical complications attributes to the market growth of drainage catheters. For instance, as per Eurostat, at least 1.12 million cesarean sections were performed in the EU in 2020. Furthermore, the increasing number of neurovascular strokes that leads to blockage and bursting of blood vessels are the important reasons for the significant market growth of drainage catheters.

The Drainage Catheters Market is expected to grow at a steady rate of around 5% owing to increasing surgical procedures, technological advancements, and frequent product launches for assisting drainage procedures. For instance, in August 2021, Argon Medical Devices, Inc., announced the commercial launch of SKATER™ Mini-Loop Drainage Catheters in the United States and the European Union.

• Based on the product type, the market has been categorized into J-tip, standard loop, and tight loop. Among them, the J-tip segment holds a considerable share of the market. The J-tip drainage catheters are easy to insert and are resistant to blockage are the important factors catalyzing the significant share of the segment in the drainage catheter market.
• Based on the application, the market has been categorized into chest drainage catheters, external ventricular drainage catheters, cerebrospinal fluid drainage catheters, and others. Among them, the external ventricular drainage catheters segment holds a significant share of the market. The rising prevalence of neurological disorders is an important factor in the growth of the segment. For instance, as per the WHO, the deaths caused by neurological conditions accounted for 533,172 in the American region.
• Based on the end-user, the market has been categorized into hospitals, specialty clinics, ambulatory surgical centers, and others. Among them, the hospital category is to witness higher adoption of drainage catheters during the forecast period. The increasing hospitalization and rising number of post-surgery complications among hospitals are the important reasons for the segmental growth of the hospitals in the drainage catheters market.
• For a better understanding of the market adoption of the drainage catheters industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America is anticipated to hold a dominant share in market share during the forecast period. This is mainly due to the increasing presence of well-established market players in the region, advancements in cell therapy, and the growing population with an increasing number of cancer cases. For instance, according to the American Cancer Society (CMS), in 2022, around 99,780 new melanomas will be diagnosed (about 57,180 in men and 42,600 in women). About 7,650 people are expected to die of melanoma in the U.S.
• Some of the major players operating in the market are ICU Medical, Inc; SORIN CORPORATION; Argon Medical Devices, Inc.; MedizinTechnik GmbH & Co. KG; Teleflex Incorporated; Medtronic; Redax S.p.a.; Medela AG.; PAHSCO; and Cook.