Global Interventional Pulmonology Market is valued at approximately USD 3.95 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.7% over the forecast period 2023-2030. Interventional pulmonology is a medical specialty that focuses on the detection and treatment of different illnesses and ailments which impact the respiratory system, particularly the lungs, and airways. Advanced endoscopic methods and minimally invasive treatments are used in this new and rapidly evolving field to offer diagnostic and therapeutic approaches for patients with lung and airway problems. The rising inclination towards the minimally invasive nature of procedures, growing emphasis on early diagnosis and screening, rising geriatric population, and favorable reimbursement policies are the major factors that are fueling the market demand across the globe.
The rising prevalence of respiratory diseases such as lung cancer, chronic obstructive pulmonary disease (COPD), and various pulmonary infections has led to a growing demand for interventional pulmonology procedures. According to the World Health Organization, in 2020, it was estimated that nearly 2.21 million new cases of trachea, bronchus, and lung cancer were recorded globally, which is projected to rise and is likely to reach 3.63 million new cases by 2040. As these conditions become more prevalent, the need for minimally invasive diagnostic and therapeutic interventions provided by interventional pulmonology increases. Thus, these aforementioned factors are propelling the growth of the Interventional Pulmonology Market during the estimated period. Moreover, the increasing technological advancements in endoscopic techniques, as well as the ongoing research and development activities present various lucrative opportunities over the forecast years. However, the high cost of procedures and equipment and the dearth of specialized training and expertise are challenging the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Interventional Pulmonology Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing technological developments related to endoscopic procedures, and a shift towards minimally invasive surgery in developed nations such as the U.S. Additionally, the escalation of air pollution and the prevalence of lung disorders brought on by heavy smoking are significant market development factors. Asia Pacific is expected to grow at the highest CAGR over the forecast years. The increasing aging population, rising healthcare spending, and improvements in lung disease diagnosis and treatment are significantly propelling the market demand across the region.
Major market players included in this report are:
- Argon Medical Systems LLP
- Body Vision Medical Ltd.
- Boston Scientific Corporation
- C. R. Bard, Inc. (Becton, Dickinson and Company)
- CONMED Corporation
- ENDO-FLEX GmbH
- Fujifilm Corporation
- KARL STORZ SE & Co. KG
- Medtronic
- Olympus Corporation
Recent Developments in the Market:
- In April 2021, Olympus Corporation unveiled the 510(k)-cleared H-SteriScope Single-Use Bronchoscopes, a range of five premium endoscopes for use in innovative diagnostic and therapeutic procedures, have been added to Olympus Corporation's U.S. bronchoscopy portfolio.
Global Interventional Pulmonology Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Product, Indication, End-user, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product:
- Bronchoscopes
- Electromagnetic Navigation Bronchoscopy System
- Pleuroscopes
- Respiratory Endotherapy Devices
- Airway Stents
- Pleural Catheters
- Endobronchial Valves
- Bronchial Thermoplasty Systems
By Indication:
- Asthma
- COPD
- Lung Cancer
- Tracheal and Bronchial Stenosis
- Others
By End-user:
- Hospitals
- Ambulatory Surgical Centers
- Diagnostic Centers
- Specialty Clinics
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Interventional Pulmonology Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Interventional Pulmonology Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. Interventional Pulmonology Market, by Indication, 2020-2030 (USD Billion)
- 1.2.4. Interventional Pulmonology Market, by End-user, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Interventional Pulmonology Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Interventional Pulmonology Market Dynamics
- 3.1. Interventional Pulmonology Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing prevalence of respiratory diseases
- 3.1.1.2. Growing emphasis on early diagnosis and screening
- 3.1.2. Market Challenges
- 3.1.2.1. High cost of procedures and equipment
- 3.1.2.2. Dearth of specialized training and expertise
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing technological advancements in endoscopic techniques
- 3.1.3.2. Ongoing research and development activities
Chapter 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
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Interventional Pulmonology Market, by Product
- 5.1. Market Snapshot
- 5.2. Global Interventional Pulmonology Market by Product, Performance - Potential Analysis
- 5.3. Global Interventional Pulmonology Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
- 5.4. Interventional Pulmonology Market, Sub Segment Analysis
- 5.4.1. Bronchoscopes
- 5.4.2. Electromagnetic Navigation Bronchoscopy System
- 5.4.3. Pleuroscopes
- 5.4.4. Respiratory Endotherapy Devices
- 5.4.5. Airway Stents
- 5.4.6. Pleural Catheters
- 5.4.7. Endobronchial Valves
- 5.4.8. Bronchial Thermoplasty Systems
Chapter 6. Global Interventional Pulmonology Market, by Indication
- 6.1. Market Snapshot
- 6.2. Global Interventional Pulmonology Market by Indication, Performance - Potential Analysis
- 6.3. Global Interventional Pulmonology Market Estimates & Forecasts by Indication 2020-2030 (USD Billion)
- 6.4. Interventional Pulmonology Market, Sub Segment Analysis
- 6.4.1. Asthma
- 6.4.2. COPD
- 6.4.3. Lung Cancer
- 6.4.4. Tracheal and Bronchial Stenosis
- 6.4.5. Others
Chapter 7. Global Interventional Pulmonology Market, by End-user
- 7.1. Market Snapshot
- 7.2. Global Interventional Pulmonology Market by End-user, Performance - Potential Analysis
- 7.3. Global Interventional Pulmonology Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
- 7.4. Interventional Pulmonology Market, Sub Segment Analysis
- 7.4.1. Hospitals
- 7.4.2. Ambulatory Surgical Centers
- 7.4.3. Diagnostic Centers
- 7.4.4. Specialty Clinics
- 7.4.5. Others
Chapter 8. Global Interventional Pulmonology Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Interventional Pulmonology Market, Regional Market Snapshot
- 8.4. North America Interventional Pulmonology Market
- 8.4.1. U.S. Interventional Pulmonology Market
- 8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Indication breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End-user breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Interventional Pulmonology Market
- 8.5. Europe Interventional Pulmonology Market Snapshot
- 8.5.1. U.K. Interventional Pulmonology Market
- 8.5.2. Germany Interventional Pulmonology Market
- 8.5.3. France Interventional Pulmonology Market
- 8.5.4. Spain Interventional Pulmonology Market
- 8.5.5. Italy Interventional Pulmonology Market
- 8.5.6. Rest of Europe Interventional Pulmonology Market
- 8.6. Asia-Pacific Interventional Pulmonology Market Snapshot
- 8.6.1. China Interventional Pulmonology Market
- 8.6.2. India Interventional Pulmonology Market
- 8.6.3. Japan Interventional Pulmonology Market
- 8.6.4. Australia Interventional Pulmonology Market
- 8.6.5. South Korea Interventional Pulmonology Market
- 8.6.6. Rest of Asia Pacific Interventional Pulmonology Market
- 8.7. Latin America Interventional Pulmonology Market Snapshot
- 8.7.1. Brazil Interventional Pulmonology Market
- 8.7.2. Mexico Interventional Pulmonology Market
- 8.8. Middle East & Africa Interventional Pulmonology Market
- 8.8.1. Saudi Arabia Interventional Pulmonology Market
- 8.8.2. South Africa Interventional Pulmonology Market
- 8.8.3. Rest of Middle East & Africa Interventional Pulmonology Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Argon Medical Systems LLP
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Body Vision Medical Ltd.
- 9.3.3. Boston Scientific Corporation
- 9.3.4. C. R. Bard, Inc. (Becton, Dickinson and Company)
- 9.3.5. CONMED Corporation
- 9.3.6. ENDO-FLEX GmbH
- 9.3.7. Fujifilm Corporation
- 9.3.8. KARL STORZ SE & Co. KG
- 9.3.9. Medtronic
- 9.3.10. Olympus Corporation
Chapter 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
- 10.3. Research Assumption