How is the Black Lung Disease Market Poised for Growth: Trends and Opportunities Through 2034
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How has the black lung disease market grown in recent years?
The market size for black lung disease has seen brisk growth in the past several years. It’s set to expand from $9.66 billion in 2024 to $11.02 billion in 2025, registering a compound annual growth rate (CAGR) of 14.1%. This escalated growth during the historic period can be credited to factors such as expansion of the coal mining industry, increased awareness and education, improved compensation and benefits, along with legislative and legal advancements.
How is the black lung disease market size expected to evolve during the forecast period?
The market for black lung disease is forecasted to expand swiftly in the coming years, projecting a value of $19.42 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 15.2%. The projected increase over the forecast period can be credited to initiatives in public health, advancements in the medical field, a rise in treatment alternatives, and advocacy and support groups. Key trends in this period comprise of progressive diagnostic procedures, investigations and prevention, accessibility to healthcare, and advances in technology.
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Which key drivers are propelling the black lung disease market’s growth?
The expansion of mining activities is anticipated to spur the progression of the black lung disease market. This progression is largely due to the processes involved in mining, which necessitate the extraction of valuable minerals and other geological resources from the earth’s crust. The occurrence of black lung disease is predominantly attributed to these mining processes, specifically the inhalation of coal mine dust that carries harmful carbon-containing particles and poses a serious health risk to coal miners. A pertinent example would be the significant escalation in critical mineral production observed in July 2023. The International Energy Agency (IEA), a France-based intergovernmental company, recorded an increase of 30% to reach the $41 billion mark in 2022, a considerable gain of 20% from 2021. The past half-decade has seen a significant surge in critical minerals demand, evidenced by a threefold rise in lithium consumption and a 70% jump in cobalt demand. Hence, the expansion of mining activities serves as a stimulant for the black lung disease market’s progression. The rise in tuberculosis instances is expected to stoke the advancement of the black lung disease market. Tuberculosis, commonly resulting from the bacterium Mycobacterium tuberculosis, is primarily a respiratory infection that spreads when an infected individual coughs or sneezes. The emergence of symptoms such as coughing, fever, fatigue, and weight loss, often indicate the presence of this ailment. The inevitable correlation between an increasing tuberculosis prevalence and black lung disease arises as individuals afflicted with tuberculosis possess a heightened risk of developing black lung disease due to intensified exposure to coal dust. A case in point would be the figures released by the Centers for Disease Control and Prevention, an American public health organization, in March 2023. These figures indicated a rise in tuberculosis cases in the US from 7,874 in 2021 to 8,300 in 2022. Therefore, the surge in tuberculosis prevalence serves as a catalyst for the advancement of the black lung disease market.
What are the market segments in the black lung disease industry?
The black lung disease market covered in this report is segmented –
1) By Type: Simple Coal Worker’s Pneumoconiosis, Complicated Coal Worker’s Pneumoconiosis, Other Types
2) By Treatment: Oxygen Therapy, Bronchodilators, Lung Transplant, Stem Cell Therapy, Other Treatment
3) By Diagnosis: Biopsy, Imaging, Full Blood Count, Pulmonary Or Lung Function Tests, Physical Examination, Other Diagnosis
4) By End Users: Hospitals And Clinics, Research Organizations And Academic Institutes, Diagnostic Centers And Labs, Other End Users
Subsegments:
1) By Simple Coal Worker’s Pneumoconiosis: Asymptomatic Simple Pneumoconiosis, Symptomatic Simple Pneumoconiosis
2) By Complicated Coal Worker’s Pneumoconiosis: Progressive Massive Fibrosis (PMF), Complicated Pneumoconiosis With Respiratory Symptoms
3) By Other Type: Mixed Dust Pneumoconiosis, Other Related Respiratory Diseases
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Which leading companies are shaping the growth of the black lung disease market?
Major companies operating in the black lung disease market are Pfizer Inc., Johnson and Johnson, Siemens AG, General Electric, F. Hoffmann-La Roche AG, Merck and Co. Inc., Bayer AG, Novartis AG, Sanofi S.A., AstraZeneca PLC, Melinta Therapeutics LLC, GlaxoSmithKline PLC, Medtronic PLC, Eli Lilly and Company, Boehringer Ingelheim International GmbH, Toshiba Corporation, Koninklijke Philps N.V., Mayo Clinic, Baxter International Inc., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Perrigo Lab India Pvt. Ltd., Aurobindo Pharma Limited, Hikma Pharmaceuticals PLC, Lupin Limited.
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Which geographic areas are influencing the growth of the black lung disease market?
North America was the largest region in the black lung disease market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in black lung disease market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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