Market Overview
The Global Percutaneous Drainage Catheters Market is growing at a high CAGR during the forecast period (2024-2031).
Percutaneous abscess drainage involves inserting a needle or catheter through the skin into the abscess and removing or draining the infected fluid with imaging guidance. It allows for a quicker recovery than traditional surgical drainage. Patients who get this operation are frequently admitted to the hospital.
Market Scope
| Metrics | Details |
| CAGR | High |
| Size Available for Years | 2021-2030 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | By Product Type, By Technique, By Application, By End user and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Advancement in the Percutaneous Drainage Catheter devices is expected to drive market growth.
The 3D Pigtail Drainage Catheter Needle consists of a hollow-style needle within a plastic catheter is a new drainage catheter designed to achieve faster and more complete evacuation of various fluid collections from the body, including ascites and pleural effusion cysts and abscesses, amongst others. Moreover, In vitro, the proposed dual-lumen drainage catheter with dedicated flush lumen irrigation increased the evacuation of complicated fluid collections. The two prototype catheters (20- and 28-F) were created by incorporating a customized infusion lumen within the large-bore conventional drainage catheter wall, which facilitated simultaneous irrigation of the drainage lumen and the targeted collection via inward outward-facing infusion side holes. Thus, the market is expected to drive in the forecast period from the above statements.
Complications associated with the Percutaneous Drainage Catheters are expected to hamper the market growth.
The catheter used to drain a percutaneous abscess may become clogged or misplaced, necessitating manipulation or catheter replacement. Similarly, a big or complex fluid collection may necessitate the use of more than one abscess drain. If contrast material is injected during the procedure, there is a small chance of an allergic reaction. Percutaneous abscess drainage can occasionally cause injury to a nearby organ. Bleeding may occur on occasion. Thus, the market is expected to hamper the forecast period from the above statements.
COVID-19 Impact Analysis
The COVID-19 pandemic has moderately impacted healthcare systems and the market. Drainage Percutaneous Catheters drain abscesses or excess fluid from the body's organs. Some catheter types are used exclusively for treating a specific indication, whereas others are employed depending on various epidemiological concerns. The percutaneous drainage catheters market is being driven by a shift in surgeons' preferences for completing drainage treatments via percutaneous rather than open surgery. On the other hand, patients were subjected to significant disruptions in their care, with most appointments and treatments being canceled, curtailed, or postponed. Almost all HCPs (90 percent) used telemedicine to replace face-to-face visits, and about half of the patients undergoing treatment faced difficulties with undergoing surgeries.
Additionally, the pandemic interrupts the supply chain and process. Many companies will vary to other geographic regions to ensure that products remain available and protect their supply chain. Thus, from the above statements, the market got affected, and it is expected to gain traction quickly with the resumption of the economic activities.Global Percutaneous Drainage Catheters Market - Segment Analysis
Biliary Drainage Catheters segment is expected to hold the largest market share in percutaneous drainage catheters market
The biliary drainage catheters segment is expected to dominate in 2021. The segment benefits because internal-external PBD includes improved catheter security relative to external drainage, avoidance of a drainage bag, easy catheter exchange over a guidewire, and excellent access for adjunctive treatment of benign or malignant strictures. Moreover, the procedure follows, and an external biliary drainage catheter goes through the skin and into bile ducts. It is placed above the blockage. After this procedure, the catheter comes out of the body, attached to a drainage bag. Therefore, it has increased the demand for the product. Thus, the market segment is expected to hold the largest market share in the forecast period from the above statements.
Geographical Share
North America region holds the largest market share in the global percutaneous drainage catheters market
In 2021, North America accounted for the highest revenue share. The increasing prevalence of kidney stones, well-established infrastructure, increasing demand and technological advancement in the devices, and product launches by the market players are some factors the market is expected to boost in the forecast period. For instance, The American Urological Association states that kidney stones affect up to 12% of the population sometime during their lifetime. With over 325 million people in the United States, numbers suggest that approximately 39 million Americans will experience a kidney stone at some point in their lifetime. Moreover, Merit Medical announced the commercial launch of the ReSolve Mini Locking Drainage Catheter, the newest addition to Merit's groundbreaking ReSolve Locking Drainage Catheters range. The ReSolve Micro is designed for percutaneous fluid drainage from body cavities. Its mini pigtail design is up to 42% smaller than the conventional ReSolve Locking Drainage Catheter pigtail, allowing the catheter to be put into small fluid pockets. Thus, the North American region is expected to hold the largest market share in the forecast period from the above statements.
Market Key Players
Major key players in the percutaneous drainage catheters market are Cook Medical, Becton, Dickinson and Company, Merit Medical Systems Inc., Boston Scientific Corp, Teleflex Incorporated, Medical Components, Inc., Angiplast Pvt. Ltd., Argon Medical Devices, Inc.
Cook Medical:
Overview:
Cook Medical was established in 1963. The company has worked closely with physicians to develop technologies that eliminate the need for open surgery. The company is into medical devices, biological materials and cellular therapies to help the world’s healthcare systems deliver better outcomes more efficiently.
Product Portfolio:
Biliary Drainage Catheter: A biliary drain (also called a biliary stent) is a thin, hollow tube with several holes along the sides. Biliary drainage is a procedure that helps drain extra bile. When bile blocks the bile duct, it can back up into the liver and cause symptoms like jaundice.
