The Paracentesis Drainage Systems Market taught to grow sporadically shortly. With improvement in machine-powered analytics, the healthcare vertical is bound to substantiate therein. Machine learning does make caregivers able of putting data to use, thereby enhancing patients’ outcomes along with overall efficiency. This would be the trend in the healthcare vertical going forward.
According to the latest research by Persistence Market Research, Paracentesis Drainage Systems market is set to witness a growth of 3.7% during the forecast period. The Paracentesis Drainage demand outlook is anticipated to grow at a constant pace in the forecast period.
The development and demand for the Paracentesis Drainage Systems market industry will offer lucrative opportunities for the providers in near future.
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Paracentesis Drainage is basically a therapeutic procedure where the excess fluid which is accumulated in the abdominal cavity is removed. The procedure can be used for various indications such as evaluation of various abdominal problems, like injuries, acute abdomen, ascites, peritonitis and others. Other than being used for diagnostic purposes, therapeutic paracentesis Drainage can be used to treat respiratory distress caused by increased intra-abdominal pressure due to fluid build-up.
In the statistics published by Centre for Disease Control and Prevention, in 2018, approximately 4.5 million adults were diagnosed with chronic liver diseases in the US. Liver disorders are the most common cause of ascites in the human body. Thus, with the increasing cases of liver disorders in the population, the Paracentesis Drainage Systems demand is expected to rise in the forecast period.
Life style disorders and other health issues like heart failure, pancreatic diseases, abdominal cancers, and tuberculosis are all causative factors of ascites. The growing prevalence of these diseases is set to propel the growth of paracentesis drainage systems in the forthcoming period.
The procedure is effective, efficient, helps to avoid infections in patients undergoing the same, reduction in procedure time and also enhances patient comfort during and after the procedure. Moreover, increased adoption of this procedure by the healthcare professionals and advancements in the technology in this field are major drivers for the development of this market.
With the increase in healthcare expenditure by the population as well government, increased governmental support for short term procedures to improve patient comfort are some of the factors which will help the paracentesis drainage demand outlook to develop in the forecast period.
On June 12, 2018, GI Supply Inc., launched the latest edition of RenovaRP Paracentesis Management system. The system is redesigned in the manner of being preassembled, single-use procedure kit which is specifically made to cater to personalised requests of the clinicians. The system is improved to remove the fluids gently, in a less time period, cost effective and with increased patient comfort.
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The Paracentesis Drainage Demand Outlook in the US and Canada Regions had the largest revenue share in the year 2020, around 40%. Various R&D investments in the field of paracentesis and supportive government ventures which were aimed to reduce the incidence of chronic diseases are the contributing factors towards the development of this market and eventually leading to various beneficial opportunities for the manufacturers in the region.
The European demand for paracentesis drainage systems is anticipated to show a stable growth in the forecast period. This can be attributed to the favourable reimbursement policies in the region, which are high patient centric, allowing patients to undergo various drainage procedures without worrying about the costs incurred.
The key players in paracentesis drainage system industry are,
- Merit Medical Systems
- Cardinal Health
- Avanos Medical Devices
- Teleflex Incorporated.
- ITL Australia Pty Ltd
- Boston Scientific Corporation
- Canadian Hospital Specialties Ltd.
- pfm medical AG
- GI Supply Inc.
- CardioMed Supplies
- Multi Medical
- PolyMed medical devices
- Becton Dickinson & Company
- Rocket Medical Plc.
On August 18, 2021, Merit Medical Systems launched a new product called One-Vac Evacuated Drainage Bottle (One-Vac). This new product is aimed to make sample collection and drainage very simple, safe and efficient.
The company states that this product is perfect for thoracentesis and paracentesis treatments all the time but is also the one product which can be used for patients who suffer from chronic illnesses and require drainage procedures regularly as a part of their treatment plan.
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Key Segments:
By Aspirations:
- Large volume removal
- Percutaneous aspiration
By Application:
- Diagnostic procedures
- Treatment of Respiratory Distress
- Evaluation of Acute Abdomen
- Evaluation of Acute Pancreatitis
- Evaluation of Peritonitis
- Evaluation of abdominal Injuries.
By End-User:
- Hospitals & Clinics
- Ambulatory Surgical Centres
- Long Term Care Facilities
- Day Care Centres
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
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