The Paracentesis Drainage Systems Market size is anticipated to surpass USD 4 billion by the end of 2035, growing at a CAGR of 7% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of paracentesis drainage systems was USD 1 Billion. The market is estimated to grow primarily on the back of growing concerns about the rising prevalence of ascites patients worldwide. Ascites are a build-up of fluids inside the abdomen and have severe effects on health. Ascites occur as a result of cancer, abdominal infection, injuries, or liver cirrhosis. Furthermore, cancer is the leading cause of death worldwide, accounting for nearly 10 million deaths in 2020. According to the World Health Organization (WHO), with 2.26 million cases of lung cancer and 1.09 million cases of stomach cancer. Every year, approximately 400,000 children and adolescents aged 0 to 19 years are diagnosed with cancer.
Additionally, the increasing prevalence of liver disorders amongst the population is also anticipated to boost the growth of paracentesis drainage systems during the forecast period. Paracentesis drainage is simply a process in which extra fluids that are accumulated in the abdominal cavity are been removed with a therapeutic technique. This technique is helpful and is been used in examining various abdominal issues, injuries, acute abdomen, ascites, and others. For instance, the Centers for Disease Control and Prevention reported that approximately 4.5 million people in the US received a diagnosis of chronic liver disease in 2018.
The system is beneficial in every way as it is efficient and helps to avoid infections in patients suffering from similar issues (abdominal issues, injuries, acute abdomen, ascites, and others), slowdowns the procedure time, and improves the patient comfort level during and after the procedure. Earlier, patients had to visit medical facilities and get the necessary treatment for ascites (or other abdominal-related issues) at the hospital reason being all the ultra-sonographic equipment were available only with the doctors at the hospitals. However, recent technological advancements enable patients to undergo abdominal paracentesis at home. For instance, a tunnel peritoneal drainage catheter is used for home-based drainage of refractory ascites resulting in viable and effective treatment with no adverse effect on health in terms of kidney functioning and hyponatremia. Furthermore, according to the Centers for Disease Control and Prevention, New Mexico had a death rate of 33.4% for chronic liver disease per 100,000 people in 2020.
Growth Drivers
Increase in Cases of Heart Failure, Abdominal Cancers, Liver Cirrhosis, and Tuberculosis to Drive the Market Growth - In recent years, more cases of ascites have been diagnosed, owing to the increasing cases of heart failure, abdominal cancer, liver cirrhosis, tuberculosis, and others, resulting in the growth of the market. For instance, according to the Centers for Disease Control and Prevention, in 2020 there were about 6.2 million cases of heart failure. Furthermore, according to the World Health Organization (WHO), in 2020 there were 10 million cases of tuberculosis globally, of which 5.6 million were men, 3.6 million were women, and 1.1 million were children.
Increasing Adoption of Paracentesis Procedure by Professionals - There is an increasing adoption of paracentesis procedures owing to the rising cancer cases, as this procedure can alleviate symptoms and improve the quality of life for patients with any stage of cancer. According to the data published by the World Cancer Research Fund International (WCRF), globally, around 18 million cancer cases were estimated in the year 2020, out of which about 12% of cases were related to lung cancer.
Increase in Healthcare Expenditure - According to the Centers for Medicare & Medicaid Services, national health spending in the United States is expected to grow at a 5.5 percent annual rate, reaching approximately USD 6.0 trillion by the end of 2027.
Initiatives by the Government to Improve Healthcare - Owing to the increased number of initiatives undertaken by the government, and growing support for the short-term procedure to enhance patient comfort are some of the factors driving the growth of this market. According to the India Brand Equity Foundation (IBEF), the Indian government intends to launch a credit incentive program of approximately worth ~USD 6.8 billion to improve the country's healthcare infrastructure.
Challenges
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Base Year |
2022 |
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Forecast Year |
2023 - 2035 |
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CAGR |
~7% |
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Base Year Market Size (2022) |
~USD 1 billion |
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Forecast Year Market Size (2035) |
~USD 4 billion |
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Regional Scope |
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End-user (Hospitals & Clinics, Ambulatory Surgical Centers, Long Term Care Facilities, Day Care Centers)
The global paracentesis drainage systems market is segmented and analyzed for demand and supply by end-user into hospitals & clinics, ambulatory surgical centers, long-term care facilities, and daycare centers. Out of these segments, the hospitals & clinics segment is anticipated to garner the largest revenue by the end of 2035, as there is a rising demand for healthcare owing to the increasing cases of chronic diseases such as liver cirrhosis, cancer, intestinal chronic liver failure, cystic fibrosis, and others. For instance, in 2019, more than 35 million hospital admissions were reported in the United States. According to the National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP), as of 2022, 6 out of every 10 Americans have at least one chronic disease, such as heart disease, stroke, cancer, or diabetes. This segment is expected to hold ~40% market share in the forecast period.
Application (Diagnostic Procedures, Treatment of Respiratory Distress, Evaluation of Acute Abdomen)
The global paracentesis drainage system market is segmented and analyzed for demand and supply by application into diagnostic procedures, treatment of respiratory treatment, evaluation of the acute abdomen, and others. Among these, the evaluation of acute abdomen is anticipated to hold the largest market share in the forecast period. This can be assumed owing to the number of populations suffering from acute abdomen health issues. Actually, in recent years' high cases of acute abdominal health issues have come up globally and to treat this health problem paracentesis drainage treatment was used by health professionals. As specified in the above parts of this report, a large number of the population was seen suffering from acute abdomen-related health problems which can be due incidence of chronic disease.
Our in-depth analysis of the global market includes the following segments:
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By Aspiration |
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By Application |
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By End User |
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North American Market Forecast
The market in North America is estimated to hold the largest market share by the end of 2035, backed by the rising cases of chronic disease followed by an increasing healthcare expenditure. According to the National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP), as of 2022, more than 877,550 Americans die of stroke, heart disease, or other cardiovascular diseases each year. Various research & development funding in the domain of paracentesis and supportive government initiatives which were undertaken to reduce the incidence of chronic diseases in the region are the significant factors driving the growth of this market in the region and also promoting various market opportunities for the manufacturers in the region.
Europe Market Forecast
Furthermore, the Europe region is anticipated to show a stable market share in the forecast period. Highly supportive patient-friendly reimbursement policies, which allow patients to undergo any treatment without thinking once about the cost of treatment are considered the primary reason behind the growth in this region. The paracentesis drainage system might be expensive at times and might not be affordable for many people. However, the government policies and reimbursement policies in this region enable people to undergo this treatment without thinking much about the cost. Also, the government and various market players offer funds and investments for research and development in the field of this treatment and the improvement of healthcare infrastructure in the region.
Merit Medical Systems, Inc. introduced a new product in the market named One-Vac Evacuated Drainage Bottle, which is flexible and efficient for paracentesis procedures. This product aims at providing ease to patients who require drainage procedures regularly which is made up of durable plastic that prevents breakage as well.
pfm medical ag. acquired Hertz & Co. KG (HICo), a medium-sized medical device company, wherein this acquisition allows pfm medical to expand its market potential and strengthen its position as a medical device manufacturer.
Author Credits: Radhika Gupta, Shivam Bhutani
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