Overview:
Interventional pulmonology is an invasive medical procedure used for the diagnosis of thoracic cancer, lung cancer and tracheal cancer and few other diseases related to the respiratory system. In this treatment endoscopic techniques are used for viewing internal organs and carrying out the required procedures. These disorders can have symptoms like coughing, shortness of breath, chest pain and discomfort.
The global interventional pulmonology market is anticipated to be valued at US$ 3,535.3 Million in 2021 and is expected to exhibit a CAGR of 5.4% over the forecast period.
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Drivers:
Rising incidences of asthma and chronic obstructive pulmonary disease is anticipated to boost growth of the Global Interventional Pulmonology Market during the forecast period. For instance, the World Health Organization published their data in 2021, stating Chronic Obstructive Pulmonary Disease as the cause of 3.23 million deaths in 2019. It was considered as the third leading cause of death amongst people.
Moreover, key players in the market are focusing on launching new products and it is expected to augment growth of the Global Interventional Pulmonology Market during the forecast period. For instance, Olympus Corporation declared the addition of their H-SteriScope Single-Use Bronchoscopes, which are five premium endoscopes used for advanced diagnostic and therapeutic practices. This new introduction is a collaboration between Hunan Vathin Medical Instrument Co., Ltd and Veran Medical Technologies, Inc.
Impact of COVID-19:
Countries like Spain, Italy, U.K. and the U.S. are facing manufacturing and supply chain challenges due to the disruptions caused due to severe lockdowns in these countries, whereas other nations like UAE, Saudi Arabia and Egypt are also facing problems regarding transportation of raw materials and products.
COVID-19 outbreak that started from China and was transmitted across all continents, impacting various sectors globally. Supply of raw materials has been disrupted, owining to the forced quarantine, shortage of raw materials and lack of labor. the transportation of raw materials between regional warehouses has also been disturbed. Shortage of raw materials and various other components has also been impacted supply chains of the global interventional pulmonology market.
Owning to the shortage of medical resources, only critical patients were hospitalized. There is no specific drug or treatment as the pathogenic mechanism of the pathogen has not been identified yet. The need for devices like atomizer, oxygen generators, monitors and life-support machines has increased for diagnosing and curing patients. Moreover, due to the pandemic traveling constraints, Quarantines, and social distancing measures were imposed and this also led to a decline in business.
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Restraints:
Increasing product recalls are expected to hamper the growth of the global interventional pulmonology market during the forecast period. For instance, Olympus Corporation recalled their BF-Q180 bronchoscope as it did not receive the 10(k) clearance. The device exhibits a higher rate of infection in patients, as compared to bronchoscopes by Olympus Medical Systems Corporation.
Key Players:
Key players active in the global interventional pulmonology market are ELLA – CS, s.r.o, Boston Scientific Corporation, Taewoong Medical Co., Ltd, Olympus Corporation, Richard Wolf Corporation, Karl Storz, FUJIFILM Corporation, Vygon, HUGER Medical Instrument Co., Ltd., Becton, Dickinson and Company, Clarus Medical LLC, Smiths Group plc., PENTAX Medical and Cook Medical.
The following are the study objectives for this report:
✔SWOT Analysis focuses on worldwide main manufacturers to define, assess, and analyse market competition. By kind, application, and region, the market is defined, described, and forecasted.
✔Examine the global and main regional market potential and advantage, opportunity and challenge, constraints and risks.
✔Determine whether trends and factors are driving or limiting market growth.
✔By identifying high-growth categories, stakeholders would be able to analyse market potential.
✔Conduct a strategic study of each submarket’s growth trends and market contribution.
✔Expansions, agreements, new product launches, and acquisitions in the market are all examples of competitive developments.
✔To create a strategic profile of the main players and analyse their growth plans in depth.
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Table of Contents with Major Points:
1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2022-2028 (USD Billion)
1.2.1. Interventional Pulmonology Market, by Region, 2022-2028 (USD Billion)
1.2.2. Interventional Pulmonology Market, by Type, 2022-2028 (USD Billion)
1.2.3. Interventional Pulmonology Market, by Application, 2022-2028 (USD Billion)
1.2.4. Interventional Pulmonology Market, by Verticles, 2022-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
2. Global Interventional Pulmonology Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
3. Global Interventional Pulmonology Market Dynamics
3.1. Interventional Pulmonology Market Impact Analysis (2022-2028)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
4. Global Interventional Pulmonology Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2022-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
5. Global Interventional Pulmonology Market, by Type
5.1. Market Snapshot
5.2. Global Interventional Pulmonology Market by Type, Performance – Potential Analysis
5.3. Global Interventional Pulmonology Market Estimates & Forecasts by Type 2022-2028 (USD Billion)
5.4. Interventional Pulmonology Market, Sub Segment Analysis
6. Global Interventional Pulmonology Market, by Application
6.1. Market Snapshot
6.2. Global Interventional Pulmonology Market by Application, Performance – Potential Analysis
6.3. Global Interventional Pulmonology Market Estimates & Forecasts by Application 2022-2028 (USD Billion)
6.4. Interventional Pulmonology Market, Sub Segment Analysis
6.4.1. Others
7. Global Interventional Pulmonology Market, by Verticles
7.1. Market Snapshot
7.2. Global Interventional Pulmonology Market by Verticles, Performance – Potential Analysis
7.3. Global Interventional Pulmonology Market Estimates & Forecasts by Verticles 2022-2028 (USD Billion)
7.4. Interventional Pulmonology Market, Sub Segment Analysis
8. Global Interventional Pulmonology Market, Regional Analysis
8.1. Interventional Pulmonology Market, Regional Market Snapshot
8.2. North America Interventional Pulmonology Market
8.3. Europe Interventional Pulmonology Market Snapshot
8.4. Asia-Pacific Interventional Pulmonology Market Snapshot
8.5. Latin America Interventional Pulmonology Market Snapshot
8.6. Rest of The World Interventional Pulmonology Market
9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Keyplayer1
9.2.1.1. Key InDurationation
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
…
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