Press release
Interventional Pulmonology Market Thrives on Early Detection Initiatives and Enhanced Public Awareness of Lung Health
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 2031."Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1268
According to the latest research by InsightAce Analytic, the global interventional pulmonology market is valued at 4.07 Billion in 2023, and it is expected to reach 19.37 Billion by the year 2031, with a CAGR of 7.3 % during a forecast period of 2024-2031.
Interventional pulmonology is a subspecialty dedicated to the diagnosis and treatment of respiratory conditions-such as lung cancer, thoracic malignancies, and tracheal disorders-through minimally invasive, non-surgical techniques. These procedures, which are primarily endoscopic, involve the use of specialized instruments inserted into the respiratory tract to visualize internal structures and perform targeted interventions. The field addresses a broad spectrum of clinical symptoms, including chest discomfort, chronic cough, and shortness of breath. Though relatively nascent, interventional pulmonology has experienced considerable growth over the past decade, largely fueled by advancements in both diagnostic and therapeutic technologies.
The global interventional pulmonology market is projected to expand significantly, supported by several key factors. These include the aging global population, rising mortality rates associated with chronic obstructive pulmonary disease (COPD), increasing carbon dioxide emissions, a growing incidence of lung cancer, and heightened public awareness of respiratory health issues. A major technological advancement contributing to market growth is robotic bronchoscopy, which enhances diagnostic precision in lung cancer through computer-assisted navigation and joystick-controlled, flexible endoscopic systems. Such innovations are expected to drive adoption and improve patient outcomes, thereby advancing the market.
Nonetheless, several challenges may hinder market progression. These include the high maintenance costs of advanced equipment, procedural risks, and entry barriers for emerging market players. Additionally, the increasing use of e-cigarettes is anticipated to exert further pressure on healthcare infrastructures. Constraints such as limited access to comprehensive training programs for interventional pulmonologists and the occurrence of product recalls may also negatively affect the market's growth trajectory.
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Geographically, North America is projected to lead the global interventional pulmonology market throughout the forecast period, supported by increasing rates of lung cancer, heightened health awareness, and the growing burden of tobacco use and air pollution. The region also benefits from stringent protocols promoting early detection and timely medical intervention. Meanwhile, the Asia Pacific region is expected to exhibit strong market growth, fueled by demographic changes, evolving disease patterns, and increasing demand for advanced respiratory care infrastructure.
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
Read Overview Report- https://www.insightaceanalytic.com/report/global-interventional-pulmonology-market/1268
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 607 400-7072
Asia: +91 79 72967118
info@insightaceanalytic.com
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