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Rising Respiratory Diseases Fuel Growth In The Market Driver: Leading Transformation in the Pneumothorax Treatment Devices Market in 2025
Pneumothorax Treatment Devices Market Size
In the previous years, the market size for pneumothorax treatment devices has seen a swift expansion. A rise from $3.62 billion in 2024 to $4.01 billion in 2025 with a compound annual growth rate (CAGR) of 10.6% is expected. The historic growth is associated with factors such as increased occurrence of pneumothorax, growing awareness about pneumothorax, development in emergency and trauma care facilities, an aging demographic, and an upsurge in surgical procedures.
The market size for pneumothorax treatment devices is forecasted to experience swift expansion in the forthcoming years, escalating to $5.94 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 10.3%. The predicted growth is due to several factors including the increased incidence of respiratory illnesses, the rise in thoracic surgeries, mushrooming investments on healthcare facilities, improved diagnostic techniques, and a heightened emphasis on preventive healthcare. Significant trends in the forecast timeline encompass progress in medical device technology, cutting-edge chest drainage systems, automatic thoracic catheters, breakthroughs in minimally invasive procedures, and the incorporation of telemedicine.
What Is Driving the Growth Trajectory of the Pneumothorax Treatment Devices Market?
The rise in respiratory illnesses is anticipated to spur the development of the pneumothorax treatment devices market. Respiratory conditions, which affect the lungs and airways, causing difficulties with breathing and oxygen transfer, are on the rise due to factors like air pollution, smoking, viral infections, and increasing exposure to allergens. Pneumothorax treatment devices are leveraged for addressing these respiratory illnesses by managing collapsed lungs and reinstating normal respiratory function. The American Lung Association, for example, a non-profit organization in the US, reported in June 2024, that approximately 44.2 million Americans- nearly 13.5% of the population, were diagnosed with asthma by a qualified healthcare professional in 2022. Hence, the growth of the pneumothorax treatment devices market is fueled by the escalating prevalence of respiratory diseases.
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Which Leading Companies Are Shaping the Growth of the Pneumothorax Treatment Devices Market?
Major companies operating in the pneumothorax treatment devices market are Cardinal Health Inc., Medtronic PLC, Siemens Healthineers AG, Medline Industries Inc., Fujifilm Holdings Corporation, Becton Dickinson and Company (BD), GE HealthCare Technologies Inc., Stryker Corporation, Boston Scientific Corporation, Draegerwerk AG & Co. KGaA, Cook Medical Inc., B. Braun Melsungen AG, Utah Medical Products Inc., Rocket Medical plc, Nobelpharma Co. Ltd., Sinapi Biomedical Inc., UreSil Inc., ATMOS MedizinTechnik GmbH & Co. KG, Betaglue Technologies S.p.A., Selio Medical Inc.
What Are the Latest Innovations in the Pneumothorax Treatment Devices Market?
Key players in the pneumothorax treatment devices market are prioritizing the development of high-tech solutions like chest X-ray solutions, as a strategy to maintain their market dominance. Chest X-ray solutions embody imaging systems, apparatus, and technologies designed to yield in-depth radiographic pictures of the chest, comprising the lungs, heart, ribs, and surrounding structures. For example, in September 2023, U.S-based health tech firm Qure.ai revealed that it had secured 510(k) FDA approval for its cutting-edge chest X-ray solution, named qXR-PTX-PE. This solution aims to aid in the swift identification of pneumothorax (PTX) and pleural effusion (PE). The AI-powered software intensifies care protocols in intensive care units (ICUs) and emergency departments (ERs) by offering timely alerts to healthcare practitioners. The qXR-PTX-PE solution scrutinizes chest X-ray images for essential findings, drastically enhancing triage efficiency in emergency situations, where such conditions present serious health threats to patients.
What Are the Key Segments of the Pneumothorax Treatment Devices Market?
The pneumothorax treatment devices market covered in this report is segmented -
1) By Type: Ventilator Devices, Thoracic Vent Devices, Other Types
2) By Application: Traumatic Pneumothorax, Spontaneous Pneumothorax, Other Applications
3) By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Ventilator Devices: Portable Ventilators, Non-Invasive Ventilators, Invasive Ventilators
2) By Thoracic Vent Devices: Chest Drainage Systems, Heimlich Valves, One-Way Chest Valve Systems
3) By Other Types: Needle Aspiration Devices, Pleural Catheters, Oxygen Therapy Devices
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Which Region Dominates the Pneumothorax Treatment Devices Market?
North America was the largest region in the pneumothorax treatment devices market in 2024. The regions covered in the pneumothorax treatment devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Pneumothorax Treatment Devices Global Market Report?
- Market Size Analysis: Analyze the pneumothorax treatment devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the pneumothorax treatment devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall pneumothorax treatment devices market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the pneumothorax treatment devices market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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