The global Interventional Pulmonologymarket was capitalized for USD 4.2 Billion in 2019 and is estimated to reach USD 8.1 Billion by the end of 2025, developing at a compound annual growth rate (CAGR) of over 9.0% during the forecast period 2019–2025. Interventional pulmonology uses endoscopy and other tools to diagnose and treat conditions in the lungs and chest. Pulmonologists (lung specialists) with further training may be able to perform these treatments. Interventional pulmonology procedures are commonly performed by cardiothoracic and other surgeons.
Some of the key players in the market Medtronic Plc, Boston Scientific Corporation, Olympus Corporation, FUJIFILM Corporation, Becton, Dickinson and Company, Smiths Group Plc, Cook Medical, Vygon, PENTAX Medical, Clarus Medical, HUGER Medical Instruments co. Ltd., Richard Wolf Corporation, Karl Storz, Taewoong medical Co. Ltd, and Shanghai AoHuaPholoelectricity Endoscope Co. Ltd.
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Increase in incidences of respiratory diseasesto boost theglobal Interventional PulmonologyMarket
The surge in the incidences of respiratory diseases such as asthma, COPD, Pneumonia, Chronic Bronchitis, and COVID-19 would has led to anincrease in growth of Interventional Pulmonology marketduring the forecast period.
The global Interventional Pulmonologymarket is bifurcated on the basis of the product, indication, end userand regional analysis. Based on the product, the market is Electromagnetic Navigation Bronchoscopy (ENB),IP Diagnostic Devices, and IP Therapeutic Devices. Based on the indication, market is divided into Asthma, Lung Cancer, COPD, Foreign Body Extraction, Tracheal and Bronchial Stenosis. Furthermore, the market is divided into Hospitals, Pulmonology Clinics, Ambulatory Surgical Centers, and Diagnostic Centers.
The Asia Pacific Region Expected to Witness fastest Growth inthe Global Interventional PulmonologyMarket
Based on geographical analysis, the global Interventional Pulmonologymarket is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The growth of the Interventional Pulmonologymarket across Asia Pacific is due to the presence of a higher pool of patients who require endoscopic procedures for diagnosis. Furthermore, the surge inhealthcare expenditure and new technological advancements will propel the growth of the industry in the region. Rising per capita income as well as growth in the middle-class population is expected to drive the growth of the market. In addition to this, the rise in theageing population prone to infection in this region will increasethe market growth.
“Interventional PulmonologyMarket - By product (is Electromagnetic Navigation Bronchoscopy (ENB), IP Diagnostic Devices, and IP Therapeutic Devices),By Indication (Asthma, Lung Cancer, COPD, Foreign Body Extraction, Tracheal and Bronchial Stenosis), By End-User (Hospitals, Pulmonology Clinics, Ambulatory Surgical Centers, and Diagnostic Centers),and By Region - Global Comprehensive Analysis, Forecast (2019-2025), Industry Perspective.
The global Interventional Pulmonologymarket is segmented as follows:
- Electromagnetic Navigation Bronchoscopy (ENB)
- IP Diagnostic Devices
- IP Therapeutic Devices
- Lung Cancer
- Foreign Body Extraction
- Tracheal and Bronchial Stenosis
By end user:
- Pulmonology Clinics
- Ambulatory Surgical Centers
- Diagnostic Centers
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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