Interventional Pulmonology Market experienced an upthrust in demand with the growing prevalence of the COVID-19 pandemic
Global Interventional Pulmonology Market is projected to reach a market valuation of US$ 3,535.3 Mn in 2021 and is anticipated to grow at a CAGR of 5.4% during the forecast period (2021-2028), as mentioned in a new report published by Coherent Market Insights.
Overview
Interventional pulmonology is a medical specialty that combines the latest technology with the art of medicine. The field offers minimally invasive procedures such as bronchoscopy, which is the use of fiber optic tools to see inside the lungs. Another advanced procedure involves the use of an electromagnetic navigation system that produces an intricate map of the lungs and pinpoints the location of lung masses and nodules. The procedures are performed by highly skilled physicians who specialize in this field. The main technology used in interventional pulmonology is ultrasound. The technique is used to perform a biopsy in a more accurate way without the risk of damaging lung tissue. It is most commonly used to treat peripheral lung lesions and lymph nodes.
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Competitive Landscape
Major companies contributing to the global interventional pulmonology market include PENTAX Medical, Smiths Group plc., Becton, Dickinson and Company, HUGER Medical Instrument Co., Ltd., FUJIFILM Corporation, Karl Storz, Olympus Corporation, Boston Scientific Corporation, ELLA โ CS, s.r.o., Taewoong Medical Co., Ltd, Richard Wolf Corporation, Vygon, Cook Medical, and Clarus Medical LLC.
Drivers
Increasing application of interventional pulmonology in highly risky surgical procedures to ensure the risk of contamination is expected to foster growth of the interventional pulmonology market throughout the forecast period.
In addition to this, the growing prevalence of the COVID-19 virus and other respiratory diseases is expected to boost the growth of the interventional pulmonology market during the forecast period.
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The Epitome of the COVID-19 Aftermath
The global interventional pulmonology market showed an upward trend due to the prevalence of the COVID-19 pandemic. The pandemic-fueled rise in health consciousness has instigated a large portion of the healthcare sector to adopt interventional pulmonology procedures to treat breathing problems in critical COVID patients. However, the marketโs business is one to watch in the projected timeframe as the healthcare sector starts to revamp its capabilities and the vaccination tally rises.
Key Takeaways
- The interventional pulmonology market is anticipated to grow at a CAGR of 5.4% during the forecast period owing to the growing cases of respiratory diseases and increasing approval of various treatments. For instance, in December 2021, doctors at Aster RV Hospital successfully completed a double lung transplant on a patient suffering from bronchiectasis.
- In the cluster of regions, North America is a treasure island for the global interventional pulmonology market in view of increasing approval rates of novel therapies and growing occurrences of respiratory disorders such as asthma.
- In parallel, the Asia Pacific region is another hotly anticipated contender for the global interventional pulmonology market on account of the increasing number of complex surgeries and a large patient pool.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, Byย Product Type
- Market Snapshot, By Indication
- Market Snapshot, By End User
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunity
- Impact Analysis
- Pipeline Analysis
- Regulatory Scenario
- Market Trends
- Key Developments
- Epidemiology
- PEST Analysis
- Brand Analysis
- Market Dynamics
- Global Interventional Pulmonology Marketโ Impact of Coronavirus (COVID-19) Pandemic
- Impact on Supply and Demand
- Government Initiatives
- Global Interventional Pulmonology Market, By Product Type, 2017 โ 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 โ 2028
- Segment Trends
- Bronchoscopes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Mn)
- Electromagnetic Navigation Bronchoscopy Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Mn)
- Pleuroscopes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Respiratory Endotherapy Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Airway Stents
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Pleural Catheters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Endobronchial Valves
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Bronchial Thermoplasty Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Introduction
- Global Interventional Pulmonology Market, By Indication, 2017 โ 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 โ 2028
- Segment Trends
- Asthma
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Chronic Obstructive Pulmonary Disease
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Lung Cancer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Tracheal & Bronchial Stenosis
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Introduction
- Global Interventional Pulmonology Market, By End User, 2017 โ 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 โ 2028
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Diagnostic Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Specialty Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Million)
- Introduction
View Press Release: https://www.coherentmarketinsights.com/press-release/interventional-pulmonology-market-4021
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