The Future of thePlaque Modification Devices Market: Growth Trends, Market Size, and Opportunities to Watch
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of thePneumothorax Treatment Devices Market?
The rise in occurrences of respiratory illnesses is set to drive the expansion of the pneumothorax treatment devices market. These are health issues that impact the lungs and breathing passages, harming breathing and the exchange of oxygen. Increased cases of respiratory ailments can be traced back to elements such as air contamination, tobacco usage, viral diseases, and higher exposure to allergens. Pneumothorax treatment devices are implemented in the case of respiratory diseases to manage lung collapse and reestablish normal respiratory function. For example, in June 2024, according to data from the American Lung Association, a non-profit organization based in the US, about 44.2 million Americans – or 13.5% of the population – reported having been diagnosed with asthma by a healthcare professional in 2022. Thus, the escalating count of respiratory disorders is fueling the growth of the pneumothorax treatment devices market.
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#How Will the CAGR of the Pneumothorax Treatment Devices Market Influence Its Overall Growth by 2034?
There has been a significant expansion in the market size of pneumothorax treatment devices in the last few years. Expected to rise from $3.62 billion in 2024 to $4.01 billion in 2025, this market is projected to experience a compound annual growth rate (CAGR) of 10.6%. The historic growth of this market can be traced back to factors such as the increasing occurrence of pneumothorax, a growing awareness of the condition, advancements in emergency and trauma care facilities, an aging demographic, and an increase in surgical procedures.
The market for pneumothorax treatment devices is predicted to experience accelerated expansion over the subsequent years, swelling to a value of $5.94 billion in 2029, with a compound annual growth rate (CAGR) of 10.3%. The anticipated growth during the forecast period can be ascribed to the escalating occurrence of respiratory illnesses, greater occurrence of thoracic surgical procedures, increasing financial commitments in health infrastructure, enhanced diagnostic expertise, and a rising emphasis on prophylactic health services. Predominant trends during the forecast period encompass advancements in medical device technology, modernized chest drainage apparatuses, automated thoracic catheters, forward strides in minimally invasive procedures, and conjunction with telemedicine.
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What Key Market Trends and Innovations Are Shaping the Future of thePneumothorax Treatment Devices Industry?
Major players in the pneumothorax treatment devices market are placing their bets on the development of state-of-the-art solutions like chest X-ray solutions to retain their market dominance. These solutions can be interpreted as imaging systems and technologies designed to produce detailed radiographic images of the chest, incorporating lungs, heart, ribs, and other surrounding muscles. For example, in September 2023, Qure.ai, a health tech firm based in the US, made a public announcement that it had received 510(k) clearance from the FDA for its revolutionary chest X-ray solution, qXR-PTX-PE. This solution is purposely created to aid in the swift detection of pneumothorax (PTX) and pleural effusion (PE). This AI-based software upgrades care routines in Intensive Care Units (ICUs) and Emergency Rooms (ERs) by allowing healthcare professionals timely alerts. The software qXR-PTX-PE evaluates chest X-ray images for urgent findings, which drastically improves triage efficiency in emergency situations, where these conditions can be potentially detrimental to a patient’s health.
Which Companies Are Leading the Charge in Expanding thePneumothorax Treatment Devices Market Growth?
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.
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How is the Global Pneumothorax Treatment Devices Market Segemented?
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 Geographics 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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