Drainage Catheters Market - Growth, Trends, Covid-19 Impact, And Forecasts (2022 - 2027)

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.

Market Snapshot

CAGR
Study Period: 2018-2026
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 4.8 %

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Market Overview

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.

Scope of the Report

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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Key Market Trends

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. 

Number of people aged 65 and above (In millions), Global, 2015-2050

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 Market - Growth Rate by Region

Competitive Landscape

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.

Recent Developments

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increase in Prevalence and Incidence of Chronic Diseases

      2. 4.2.2 Technological advancements

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Devices

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Chest Drainage Catheter

      2. 5.1.2 External Ventricular Drainage Catheter

      3. 5.1.3 Others

    2. 5.2 By End User

      1. 5.2.1 Hospitals and Clinics

      2. 5.2.2 Ambulatory Surgical Centers

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Medtronic plc

      2. 6.1.2 Smiths Medical

      3. 6.1.3 Teleflex Incorporated

      4. 6.1.4 Getinge AB

      5. 6.1.5 Cook Medical

      6. 6.1.6 Argon Medical

      7. 6.1.7 ATMOS MedizinTechnik GmbH & Co. KG

      8. 6.1.8 Medela AG

      9. 6.1.9 Pacific Hospital Supply Co.,Ltd (PAHSCO)

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Drainage Catheters Market market is studied from 2018 - 2026.

The Drainage Catheters Market is growing at a CAGR of 4.8% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Getinge AB, Cook Medical, Medtronic plc, Smiths Medical, Teleflex Incorporated are the major companies operating in Drainage Catheters Market.

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