Key Trends and Insights into the Pneumothorax Treatment Devices Market: Growth Rate and Opportunities to 2034
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What Future CAGR is Anticipated for the Pneumothorax Treatment Devices Market Over the 2025–2034 Period?
Recent years have seen a quick expansion in the market size of pneumothorax treatment devices. The market is projected to bolster from $3.62 billion in 2024 to $4.01 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.6%. Factors that contributed to the growth during the historic period include an uplift in pneumothorax occurrences, heightened pneumothorax awareness, advancements in trauma and emergency care facilities, an upsurge in the elderly population, and an increase in surgical operations.
Expectations indicate a swift expansion in the pneumothorax treatment devices market in the upcoming years, escalating to a value of $5.94 billion in 2029, with a compound annual growth rate (CAGR) of 10.3%. This estimated growth within the projection period can be credited to factors such as a rise in respiratory ailments, an uptick in thoracic surgeries, increased funding towards healthcare infrastructure, enhanced diagnostic methods, and an amplified emphasis on preventive healthcare. Key trends within this period encompass progress in medical device technology, advanced chest drainage systems, automated thoracic catheters, breakthroughs in minimally invasive procedures, and the incorporation of telemedicine.
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Pneumothorax Treatment Devices Market?
The growth of the pneumothorax treatment devices market is anticipated to be driven by the rising prevalence of respiratory diseases. These diseases, which impinge on the lungs and airways, hinder proper breathing and oxygen circulation and can be caused by air pollution, smoking, viral infections, and increased allergen exposure. Pneumothorax treatment devices are employed in cases of respiratory diseases to treat collapsed lungs and restore regular respiration. For example, projections from the American Lung Association, a US-based charity, show that in 2022, about 44.2 million Americans, making up 13.5% of the population, were diagnosed with asthma by a certified healthcare professional. Hence, the escalating occurrence of respiratory diseases is propelling the growth of the pneumothorax treatment devices market.
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Who Are the Influential Players Fueling Innovation and Growth in the Pneumothorax Treatment Devices Market?
Major companies operating in the pneumothorax treatment devices market are:
• Cardinal Health Inc._x000D_
• Medtronic PLC_x000D_
• Siemens Healthineers AG_x000D_
• Medline Industries Inc._x000D_
• Fujifilm Holdings Corporation_x000D_
What Impact Are Industry Trends Having on the Pneumothorax Treatment Devices Market’s Future Prospects?
Key market players in the pneumothorax treatment devices sector are concentrating their efforts on creating state-of-the-art solutions, specifically chest X-ray solutions, to maintain their dominance in the market. The term chest X-ray solutions refers to the systems, equipment, and technologies created to produce detailed radiographic images of the chest, including the lungs, heart, ribs, and surrounding structures. For instance, Qure.ai, a health tech company based in the US, stated in September 2023 that it obtained 510(k) FDA clearance for its distinctive chest X-ray solution, qXR-PTX-PE. This solution assists in promptly detecting pneumothorax (PTX) and pleural effusion (PE). The solution, featuring AI technology, improves care pathways in emergency rooms (ERs) and intensive care units (ICUs) by sending timely alerts to medical professionals. By analyzing chest X-ray images for critical findings, the qXR-PTX-PE solution significantly boosts triage efficiency in emergency situations, where the aforementioned conditions pose great risks to patients’ health.
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How Are the Key Segments of the Pneumothorax Treatment Devices Market Impacting Its Expansion and Revenue Streams?
The pneumothorax treatment devices market covered in this report is segmented –
1) By Type: Ventilator Devices, Thoracic Vent Devices, Other Types
2) By Application: Traumatic Pneumothorax, Spontaneous Pneumothorax, Other Applications
3) By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Ventilator Devices: Portable Ventilators, Non-Invasive Ventilators, Invasive Ventilators
2) By Thoracic Vent Devices: Chest Drainage Systems, Heimlich Valves, One-Way Chest Valve Systems
3) By Other Types: Needle Aspiration Devices, Pleural Catheters, Oxygen Therapy Devices
What Regions Are Leading the Growth Trajectory of the Pneumothorax Treatment Devices Market?
North America was the largest region in the pneumothorax treatment devices market in 2024. The regions covered in the pneumothorax treatment devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Do Experts Define the Scope of the Pneumothorax Treatment Devices Market?
Pneumothorax treatment devices are medical instruments used to manage and treat the condition of a collapsed lung, where air accumulates in the pleural space. Their purpose is to remove the excess air, restore lung expansion, and prevent further complications, often through techniques such as needle decompression or chest tube insertion.
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