Black Lung Disease Global Market 2024 - Growth Opportunities, Top Countries, Future Trends, Revenue And Outlook 2033

The new report published by The Business Research Company, titled Black Lung Disease Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the black lung disease market size has grown rapidly in recent years. It will grow from $8.44 billion in 2023 to $9.66 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%. The black lung disease market size is expected to see rapid growth in the next few years. It will grow to $16.7 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%.

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Mining Industry Expansion Fuels The Prevalence Of Black Lung Disease
The increasing mining activities are expected to propel the growth of the black lung disease market going forward. Mining activities involve extracting valuable minerals, ores and other geological materials from the earth's crust. Black lung disease is caused by mining activities and inhaling coal mine dust, which contains dangerous carbon-containing particles and affects coal miners. For instance, in January 2022, according to the United States Geological Survey, a US-based water, earth and biological science and civilian mapping agency, global silver mine production climbed marginally in 2021, rising from 23,500 tons in 2020 to an expected 24,000 tons. Therefore, increasing mining activities are driving the growth of the black lung disease market.

Government Funding Boosts Black Lung Disease Market And Miner Welfare
Government funding initiatives are expected to propel the growth of the black lung disease market. Government funding refers to financial resources a government provides, typically at the federal, state, or local level, to support various activities, programs, projects, initiatives, or organizations serving public interests or fulfilling government objectives. Government authorities are implementing specific regulations and initiatives to protect coal miners from black lung disease. For instance, in September 2022, according to the US Department of Labor Blog, a US-based government authority, funding for miners with black lung disease was permanently extended with the Inflation Reduction Act of 2022. Through this act, the US government aims to help and secure miners' families suffering from black lung disease by providing federal black Lung benefits. Therefore, government funding initiatives are driving the black lung disease market.

The black lung disease market covered in this report is segmented -

1) By Type: Simple Coal Worker's Pneumoconiosis; Complicated Coal Worker's Pneumoconiosis; Other Types
2) By Treatment: Oxygen Therapy; Bronchodilators; Lung Transplant; Stem Cell Therapy; Other Treatment
3) By Diagnosis: Biopsy; Imaging; Full Blood Count; Pulmonary Or Lung Function Tests; Physical Examination; Other Diagnosis
4) By End Users: Hospitals And Clinics; Research Organizations And Academic Institutes; Diagnostic Centers And Labs; Other End Users

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Major players in the black lung disease market are Pfizer Inc., Johnson and Johnson, Siemens AG, General Electric, F. Hoffmann-La Roche AG, Merck and Co. Inc., Bayer AG, Novartis AG, Sanofi S.A., AstraZeneca PLC, Melinta Therapeutics LLC, GlaxoSmithKline PLC, Medtronic PLC, Eli Lilly and Company, Boehringer Ingelheim International GmbH, Toshiba Corporation, Koninklijke Philps N.V., Mayo Clinic, Baxter International Inc., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Perrigo Lab India Pvt. Ltd., Aurobindo Pharma Limited, Hikma Pharmaceuticals PLC, Lupin Limited.

Contents of the report:
1. Executive Summary
2. Black Lung Disease Market Report Structure
3. Black Lung Disease Market Trends And Strategies
4. Black Lung Disease Market - Macro Economic Scenario
5. Black Lung Disease Market Size And Growth
…..
27. Black Lung Disease Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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