Interventional Pulmonology Market: Growth Fueled by Minimally Invasive Lung Care

Interventional Pulmonology Market worth $ 6.47 Billion by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Interventional Pulmonology Market- by Indication (COPD, Asthma, Lung Cancer, Tracheal & Bronchial Stenosis, and Other Indications), End-Users (Hospitals and Ambulatory Surgical Centers, Diagnostic Centers and Specialty Clinics, and Other End-Users), Products (Bronchoscopes,

Electromagnetic Navigation Bronchoscopy Systems, Pleuroscopes, Respiratory Endotherapy Devices, Airway Stents, Pleural Catheters, Endobronchial Valves, and Bronchial Thermoplasty Systems), Trends, Industry Competition Analysis, Revenue and Forecast To 2024-2031."

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Interventional Pulmonology Market: A Minimally Invasive Approach to Lung Care
The global market for interventional pulmonology is experiencing significant growth, with a market size estimated at US$3.74 billion in 2021 and a projected CAGR of 6.6% from 2024 to 2031 (InsightAce Analytic). This surge is attributed to the increasing preference for minimally invasive procedures in diagnosing and treating respiratory illnesses.

A Less Invasive Path to Respiratory Health
Interventional pulmonology utilizes non-surgical, minimally invasive techniques to address a variety of lung and respiratory ailments. This approach involves the use of specialized instruments like endoscopes, which are inserted into the body to visualize internal organs and tissues. These procedures offer significant advantages over traditional surgery, including faster recovery times, reduced pain, and less scarring.

Beyond Diagnosis: Treating a Spectrum of Conditions
Interventional pulmonology extends beyond just diagnostics. Through these minimally invasive techniques, physicians can treat various lung conditions, including lung cancer, chronic obstructive pulmonary disease (COPD), and emphysema. Additionally, interventional pulmonology can alleviate symptoms like shortness of breath, coughing, and chest pain, improving patients' quality of life.

A Flourishing Field with Advanced Technology
As a relatively new medical subspecialty, interventional pulmonology has witnessed remarkable growth over the past decade. This advancement is fueled by the development of sophisticated tools and technologies that enable more precise and effective diagnosis and treatment of lung disorders.

The growing adoption of minimally invasive procedures and the rising demand for improved patient outcomes are expected to propel the interventional pulmonology market forward in the coming years.

The market is predicted to rise due to several causes, including an aging population, rising COPD mortality rates, rising CO2 emissions, rising lung cancer incidence, and improved public awareness. The field of robotic bronchoscopy is revolutionizing interventional pulmonology. A quick and accurate lung cancer diagnosis is now required in interventional pulmonology.

This is driving developments in robotic bronchoscopy platforms, which employ a hand-held joystick and computer-assisted navigation to direct a small, flexible endoscope into the lung. These developments may soon be advantageous for the entire global interventional pulmonology industry. The associated patient risk, high maintenance costs, and entry obstacles for new businesses would hamper the market's expansion. Using e-cigarettes may increase healthcare costs, and interventional pulmonologists may benefit from better training programs. Product recalls are another major issue limiting global interventional pulmonology market growth.

North America is anticipated to be the major contributor to the interventional pulmonology market over the forecast years due to rising lung cancer rates and increased health consciousness. The surge is also a result of the considerable increase in tobacco use and air pollution. The expansion of the interventional pulmonology market is fueled by strict standards for early diagnosis and medical intervention.

In addition, the Asia Pacific interventional pulmonology market is expected to grow significantly during the forecast period, a significant region in the global market due to an aging population, shifting illness trends, and increased demands from healthcare facilities.

Major market players operating in the Interventional Pulmonology market include

CONMED Corporation, Cook Medical, ENDO-FLEX GmbH, Fujifilm Corporation, KARL STORZ SE & Co. KG, Medtronic, Olympus Corporation, Argon Medical, Body Vision Medical Ltd., Boston Scientific Corporation, C. R. Bard, Inc. (Becton, Dickinson and Company), Pennine Healthcare, PENTAX Medical, Pulmonx Corporation, Richard Wolf GmbH, Rocket Medical plc., TAEWOONG, and Vygon.

Recent collaborations and agreements in the market:
• In December 2020, Olympus Corporation and Veran Medical Technologies, Inc. reached an agreement for the purchase. The purchase will be made by Olympus Corporation of the Americas (OCA), an Olympus affiliate. It will be the most recent in a line of tactical investments to strengthen Olympus' position as a preeminent global medical equipment manufacturer.

• In January 2019, the 12-month results of the NAVIGATE research, according to Medtronic plc, were published in the Journal of Thoracic Oncology. This is the most significant prospective multicenter trial examining electromagnetic navigation bronchoscopy (ENB) operations using the super dimension(TM) navigation system to assist in identifying, staging, and treating lung cancer.

The safety and effectiveness of the Imprint(TM) Ablation Catheter with the super dimension(TM) Navigation System for Lung Ablation Procedures are being evaluated separately by Medtronic.

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Market Segments
Global Interventional Pulmonology Market, by Indications, 2022-2030 (Value US$ Mn)
• COPD
• Asthma
• Lung Cancer
• Tracheal & Bronchial Stenosis
• Other Indications

Global Interventional Pulmonology Market, by End-Users, 2022-2030 (Value US$ Mn)
• Hospitals And Ambulatory Surgical Centers
• Diagnostic Centers and Specialty Clinics
• Other End-Users

Global Interventional Pulmonology Market, by Products, 2022-2030 (Value US$ Mn)
• Bronchoscopes
• Electromagnetic Navigation Bronchoscopy Systems
• Pleuroscopes
• Respiratory Endotherapy Devices
• Airway Stents
• Pleural Catheters
• Endobronchial Valves
• Bronchial Thermoplasty Systems

Global Interventional Pulmonology Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Interventional Pulmonology Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada

Europe Interventional Pulmonology Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Interventional Pulmonology Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Interventional Pulmonology Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Interventional Pulmonology Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global interventional pulmonology market
 To receive an industry overview and future trends in the Interventional Pulmonology market
 To analyze the interventional pulmonology market drivers and challenges
 To get information on the interventional pulmonology market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the interventional pulmonology market industry

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