Paracentesis Drainage System Market Size

The Paracentesis Drainage Systems Market size was valued at USD 1.07 Billion in 2023 and is expected to cross USD 2.48 Billion by the end of 2036, expanding at more than 6.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of paracentesis drainage system is estimated at USD 1.13 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.