At 4.7% CAGR, the Europe Digital Thoracic Drainage Devices Market is projected to be worth US$ 69.20 million by 2030, says Business Market Insights

According to Business Market Insights’ 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.   

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