Pleural Catheters Market Competitive Strategies, Regional Analysis Forecast 2028

Posted on 2019-07-03 by Mark Hub in Healthcare // 0 Comments

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Increase in number of intensive care facilities and improvements in healthcare expenditure for surgical procedures is expected to drive the market for pleural catheters in the Europe region. Asia-Pacific’s Pleural Catheters Market and MEA’s market for pleural catheters is anticipated to grow at a moderate rate due to low healthcare expenditure and less product penetration.

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Pleural membrane is a moist, thin, slippery two layered membrane. The parietal, or outer, pleura lines present inside the diaphragm and rib cage whereas the visceral or pulmonary, inner layer cover the lungs. Intrapleural space is present between these two layers, which typically consists of fluid secreted by these membranes. Pleural catheters) are considered to be one of the most important tools for managing recurring pleural effusions. MPE (Malignant pleural effusion) is one often occurring cause of life deterioration among patients suffering with advanced cancer. The management available for these effusions include the placement of tunneled pleural catheters, and also chemical pleurodesis with any sclerosing agent like talc powder or doxycycline, or surgery. According to various researches conducted in the United States, approximately 150,000 people are affected with malignant pleural effusion every year. It is also considered to occur in around 15% of patients diagnosed with advanced malignancies, majorly, breast cancer, lung cancer, ovarian cancer, and lymphoma. Ovarian cancer is considered to account for around 50% of the malignant pleural effusion cases in the United States. A pleural catheter is used at times when these malignant pleural effusion becomes symptomatic and recurs post thoracentesis, majorly in the patient with trapped lung or with low to moderate life expectancy, or who underwent unsuccessful pleurodesis.

Growing incidence of pleural effusion, traumatic pneumothorax, pneumothorax and various cardiac surgeries are some of key factors contributing to the market growth for pleural catheters during the forecast timeframe. Increase in demand for minimally invasive procedures, product penetration across various regions, and high prevalence of cancer cases is also expected to fuel market growth pleural catheters. Rise in health insurance coverage by various government, public and private associations is expected to propel adoption of pleural catheters, worldwide. Spontaneous pneumothorax is considered to be one of the most recurring health problems globally, further rising the demand for pleural catheters. Adoption of at-home pleural catheters is also expected to drive the overall market for pleural catheters. However, less penetration of medical facilities and lack of availability of pleural catheters in the poor income countries and developing regions might obstruct the market growth for pleural catheters during the forecast period.

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Global Pleural Catheters market has witnessed a significant growth due to rise in demand for cardiac surgeries. Pleural effusion can be caused because of various reasons, such as, leaking from other organs, like cardiology complications when the heart does not pump the blood correctly, lung cancer, kidney or liver diseases, or other inflammations like tuberculosis and pneumonia. Several autoimmune diseases, pulmonary embolism could also lead to pleural effusion in the body, further needing pleural catheters. At-home pleural catheters are expected to boost demand for the overall market growth of pleural catheters, owing it to the ease of use while being at home and reduced stay in the hospital. Cardiology-related problems are the most common cause for pleural effusions needing pleural catheters. Unhealthy lifestyle leading to various lifestyle-related disorders like diabetes and obesity could also lead to pleural effusions.

North America’s Pleural Catheters market is expanding because of high product adoption rate for pleural catheters. The market for pleural catheters in North America is expected to dominate during the forecast period, owing it to the high incidence of cancer and cardiology-related diseases. High prevalence of lifestyle-related disorders is also expected to boost demand for pleural catheters in the region during the forecast timeframe.

Some of the market participants in the Global Pleural Catheters market identified across the value chain include: Medtronic, Teleflex Incorporated, Ply Gem Holdings Inc, Smiths Group plc, Medela AG, ATMOS MedizinTechnik GmbH & Co. KG, ARGON MEDICAL, BD, Cook, and MAQUET Holding B.V. & Co. KG (Getinge Group).

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