Global Thoracic Catheters Market 2019-2023
About this market
The rising patient preference toward minimally invasive surgeries will drive the thoracic catheters market growth globally. Minimally invasive surgeries including the laparoscopic surgery and robotic surgery will offer reduced healthcare costs, shorter hospital stays, and reduced postoperative complications. In addition, the growing trend toward robotic surgery is gaining momentum due to the rising use of 3D visualization, thus, driving the market growth. Technavio’s analysts have predicted that the thoracic catheters market will register a CAGR of 6% by 2023.
Rising patient preference for minimally invasive surgeries
One of the growth drivers of the global thoracic catheters market is the rising patient preference for minimally invasive surgeries. Due to severe complications associated with traditional open surgeries, the patient preference for minimally invasive surgeries is increasing which is expected to drive the demand for thoracic catheters globally.
Reuse and reprocessing of thoracic catheters
One of the challenges in the growth of the global thoracic catheters market is the reuse and reprocessing of thoracic catheters. The increasing use of reprocessing devices leads to less procurement of products from companies, deterring the growth rate of the global thoracic catheters market.
For the detailed list of factors that will drive and challenge the growth of the thoracic catheters market during 019-2023, view our report.
The market appears to be fragmented and with the presence of several market players. Various companies are focusing on investing in R&D activities to improve their existing product portfolio or to develop novel products for various diseases. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Thoracic Catheters Market 2019-2023
Technavio recognizes the following companies as the key players in the global thoracic catheters market: Cardinal Health, Cook, Getinge AB, LivaNova PLC, Smiths Group plc, and Teleflex Incorporated.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing adoption of single-use catheters and self-catheterization.”
According to the report, one of the major drivers for this market is the increasing prevalence of pneumothorax and pleural effusion diseases.
Further, the report states that one of the major factors hindering the growth of this market is the complications associated with thoracic catheters.
Smiths Group plc
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