Key Trends and Insights into the Pneumothorax Treatment Devices Market: Growth Rate and Opportunities to 2034
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How has the pneumothorax treatment devices market grown in recent years?
Recent years have seen a rapid expansion in the market size of pneumothorax treatment devices. An increase from $3.62 billion in 2024 to $4.01 billion in 2025, representing a compound annual growth rate (CAGR) of 10.6%, is expected. The significant growth observed during the historic period can be credited to factors such as a rise in pneumothorax cases, heightened awareness surrounding pneumothorax, enhancement in emergency and trauma care facilities, an aging populace, and an upswing in surgical procedures.
How is the pneumothorax treatment devices market size expected to evolve during the forecast period?
In the coming years, the market size for pneumothorax treatment devices is predicted to experience a swift rise, projected to reach $5.94 billion by 2029, with an average annual increase of 10.3%. This upward trend during the forecast period can be associated with an increasing incidence of respiratory disorders, a higher volume of thoracic surgeries, enhanced investments in the healthcare sector, more sophisticated diagnostic techniques, and a greater emphasis on preventative medicine. Key trends foreseen in this same timeframe are innovations in medical equipment, upgraded chest drainage setups, automated thoracic catheters, progress in minimally invasive operations, and cooperation with telehealth services.
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Which key drivers are propelling the pneumothorax treatment devices market’s growth?
The rise in respiratory ailments is predicted to spur the expansion of the pneumothorax treatment devices market. These medical ailments impact the lungs and airways, hindering breathing and the exchange of oxygen. The escalation in such diseases can be linked to elements like air contamination, cigarette smoking, viral infections, and heightened exposure to allergens. Devices for treating pneumothorax are employed to deal with lung collapse in respiratory diseases and reinstate normal breathing. For instance, the American Lung Association, a non-profit organization based in the US, stated in June 2024 that nearly 44.2 million Americans, which is 13.5% of the population, were diagnosed with asthma by a certified health professional in 2022. Consequently, the growing frequency of respiratory diseases is fueling the expansion of the pneumothorax treatment devices market.
What are the market segments in the pneumothorax treatment devices industry?
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
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Which leading companies are shaping the growth of the pneumothorax treatment devices market?
Major companies operating in the pneumothorax treatment devices market are Cardinal Health Inc., Medtronic PLC, Siemens Healthineers AG, Medline Industries Inc., Fujifilm Holdings Corporation, Becton Dickinson and Company (BD), GE HealthCare Technologies Inc., Stryker Corporation, Boston Scientific Corporation, Draegerwerk AG & Co. KGaA, Cook Medical Inc., B. Braun Melsungen AG, Utah Medical Products Inc., Rocket Medical plc, Nobelpharma Co. Ltd., Sinapi Biomedical Inc., UreSil Inc., ATMOS MedizinTechnik GmbH & Co. KG, Betaglue Technologies S.p.A., Selio Medical Inc.
What are the key trends shaping the future of the pneumothorax treatment devices market?
Major companies operating in the pneumothorax treatment devices market are focusing on developing technologically advanced solutions, such as chest X-ray solutions, to sustain their position in the market. Chest X-ray solutions refer to imaging systems, equipment, and technologies designed to capture detailed radiographic images of the chest, including the lungs, heart, ribs, and surrounding structures. For instance, in September 2023, Qure.ai, a US-based health tech company, announced that it received 510(k) FDA clearance for its innovative chest X-ray solution, qXR-PTX-PE. This solution is designed to assist in the rapid detection of pneumothorax (PTX) and pleural effusion (PE). The AI-enabled software enhances care pathways in intensive care units (ICUs) and emergency rooms (ERs) by providing timely notifications to healthcare professionals. The qXR-PTX-PE solution analyzes chest X-ray images for critical findings, significantly improving triage efficiency in emergency settings, where these conditions pose serious risks to patient health.
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Which geographic areas are influencing the growth 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.
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