Advantages of Digital Thoracic Drainage Devices Over Analog Thoracic Drainage Devices Fuels Europe Digital Thoracic Drainage Devices Market
Digital thoracic drainage devices have several advantages over analog thoracic drainage devices. Digital thoracic drainage devices can accurately measure and monitor intrathoracic pressure changes and air leaks in real time. These devices allow objective and quantitative analyses that enable the management of patients having a prolonged, persistent air leak into the pleural space. Further, digital thoracic drainage devices have lightweight and compact designs that do not require connection to the wall suction, as they are incorporated with an integrated suction pump, enabling easy patient transfer from operating table to beds. These devices are powered by rechargeable batteries that run for at least 12 hours, and they are designed with special features of alarms that indicate situations such as tube occlusion, system disconnection, and suction failure.Digital thoracic drainage devices eliminate variations possible in clinical judgment by providing information on air leaks, which can be objectively quantified and stored over time. Compared to analog or conventional thoracic drainage devices, digital drainage devices confer better safety for patients and healthcare providers. As these are completely closed systems, the fluid does not come in contact with the outside environment, nullifying the chances of infections among patients, as well as their spread to healthcare providers. Various advantages of digital thoracic drainage devices help surgeons determine the optimal timing of removing drainage devices, in turn, reducing the length of hospital stays for patients.
Europe Digital Thoracic Drainage Devices Market Overview
The Europe digital thoracic drainage devices market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. The growth in the region is driven by growing cardiovascular diseases, increasing thoracic surgeries, increasing incidence of pneumothorax well-developed healthcare infrastructure, an increase in lung transplantation and active key players in the region. According to European Commission (EU), in 2023, ~38,900 heart bypasses were conducted in Germany in 2020, which was more than double the number in any of the other EU member states. Further, in 2020, cardiovascular disease (CVD) accounted for 34.3% of all deaths in Germany and was the leading cause of morbidity and healthcare expenditures. The Department of Adult and Pediatric Thoracic Surgery, Thoracic Endoscopy at University Hospital Essen, Germany, performs ~2,300 thoracic surgeries and ~1,200 open thoracic surgeries, and ~1,000 minimally invasive surgeries yearly. Thus, growing CVDs and thoracic surgeries are surging the demand for digital thoracic drainage devices, boosting the market growth.The key market players such as ATMOS MedizinTechnik GmbH & Co. KG, Getinge, and Drager in Germany have witnessed considerable increases in demand for their products across the globe, which further boosts the growth of the Europe digital thoracic drainage devices market.
Thus, the aforementioned factors are driving the growth of the Europe digital thoracic drainage devices market in Germany.
Europe Digital Thoracic Drainage Devices Market Revenue and Forecast to 2030 (US$ Million)
Europe Digital Thoracic Drainage Devices Market Segmentation
The Europe digital thoracic drainage devices market is segmented into product type, application, end user, and country.Based on product type, the Europe digital thoracic drainage devices market is segmented into single chamber and multiple chambers. The single chamber segment held a larger share of the Europe digital thoracic drainage devices market in 2022.
Based on application, the Europe digital thoracic drainage devices market is segmented into cardiac surgery, thoracic and pulmonary surgery, oncology and trauma, infectious diseases, and others. The thoracic and pulmonary surgery segment held the largest share of the Europe digital thoracic drainage devices market in 2022.
Based on end user, the Europe digital thoracic drainage devices market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment held the largest share of the Europe digital thoracic drainage devices market in 2022.
Based on country, the Europe digital thoracic drainage devices market is segmented int o Germany, the UK, France, Italy, Spain, and the Rest of Europe. Germany dominated the Europe digital thoracic drainage devices market in 2022.
ATMOS MedizinTechnik GmbH & Co KG, Cardinal Health Inc, Digicare Biomedical Technology Inc, Getinge AB, Medela AG, Redax SpA, Rocket Medical Plc, and Teleflex Inc are some of the leading companies operating in the Europe digital thoracic drainage devices market.
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Executive Summary
At 4.7% CAGR, the Europe Digital Thoracic Drainage Devices Market is speculated to be worth US$ 69.20 million by 2030.According to this research, the Europe digital thoracic drainage devices market was valued at US$ 47.90 million in 2022 and is expected to reach US$ 69.20 million by 2030, registering a CAGR of 4.7% from 2022 to 2030. Need for digital thoracic drainage post-thoracic surgery and inclination toward digital devices are among the critical factors attributed to the Europe digital thoracic drainage devices market expansion.
The healthcare sector is keen on adopting medical devices enabled by digital technologies. The incorporation of IoT and artificial intelligence imparts capabilities such as real-time readings and health tracking into digital medical devices. Currently, the healthcare sector is rapidly adopting telecommunications devices in respiratory applications. Digital technologies in pulmonary function monitoring have been affirmed to provide significant and cost-effective results in home-care settings. An internet-based digital drainage system would help healthcare staff to monitor their patients’ health in the homecare settings, alongside enabling an early discharge of patients from hospitals, thus facilitating cost reduction. With these systems, healthcare providers can address all patient concerns remotely. However, a few of the notable risks associated with internet-based digital thoracic drainage devices include uncertainties related to the internet, leading to may create emergencies such as disconnection or malfunction of the device due to poor connectivity. Such shortcomings make taking intermediate steps, such as integrating good internet network with better connectivity and installing systems to notify the disparity in the readings provided by the digital thoracic systems before discharging patients essential. Irrespective of these limitations, internet-based digital thoracic drainage devices are expected to have a good possibility of acceptance in the thoracic telemedicine area, thereby providing notable growth opportunities to the Europe digital thoracic drainage devices market in the future.
On the contrary, lack of skilled personnel hampers the Europe digital thoracic drainage devices market.
Based on product type, the Europe digital thoracic drainage devices market is segmented into single chamber and multiple chambers. The single chamber segment held 84.1% share of Europe digital thoracic drainage devices market in 2022, amassing US$ 40.30 million. It is projected to garner US$ 57.41 million by 2030 to expand at 4.5% CAGR during 2022-2030.
Based on application, the Europe digital thoracic drainage devices market is segmented into cardiac surgery, thoracic and pulmonary surgery, oncology and trauma, infectious diseases, and others. The thoracic and pulmonary surgery segment held 45.8% share of Europe digital thoracic drainage devices market in 2022, amassing US$ 21.92 million. It is projected to garner US$ 32.77 million by 2030 to expand at 5.2% CAGR during 2022-2030.
Based on end user, the Europe digital thoracic drainage devices market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment held 49.0% share of Europe digital thoracic drainage devices market in 2022, amassing US$ 23.48 million. It is projected to garner US$ 35.09 million by 2030 to expand at 5.2% CAGR during 2022-2030.
Based on country, the Europe digital thoracic drainage devices market has been categorized into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Our regional analysis states that Germany captured 29.0% share of Europe digital thoracic drainage devices market in 2022. It was assessed at US$ 13.89 million in 2022 and is likely to hit US$ 21.34 million by 2030, exhibiting a CAGR of 5.5% during 2022-2030.
Key players operating in the Europe digital thoracic drainage devices market are ATMOS MedizinTechnik GmbH & Co KG, Cardinal Health Inc, Digicare Biomedical Technology Inc, Getinge AB, Medela AG, Redax SpA, Rocket Medical Plc, and Teleflex Inc, among others.
Companies Mentioned
- ATMOS MedizinTechnik GmbH & Co KG
- Cardinal Health Inc
- Digicare Biomedical Technology Inc
- Getinge AB
- Medela AG
- Redax SpA
- Rocket Medical Plc
- Teleflex Inc
- Pacific Hospital Supply Co Ltd
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 81 |
Published | December 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value in 2022 | 47.9 Million |
Forecasted Market Value by 2030 | 69.2 Million |
Compound Annual Growth Rate | 4.7% |
Regions Covered | Europe |
No. of Companies Mentioned | 9 |