Pune, April 28, 2023 (GLOBE NEWSWIRE) -- Maximize Market Research, a global Medical Devices market research firm, has published competitive intelligence and market research report on “Bronchial Thermoplasty Catheter Market“. The Bronchial Thermoplasty Catheter market size was valued at USD 3.2 Bn in 2022. The total Bronchial Thermoplasty Catheter Market revenue is expected to grow at a CAGR of 5 percent from 2023 to 2029, reaching USD 5.4 Bn during the forecast period.
| Market Size in 2022 | USD 3.2 Bn |
| Market Size in 2029 | USD 5.4 Bn |
| CAGR | 5 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 260 |
| No. of Tables | 125 |
| No. of Charts and Figures | 115 |
| Segment Covered | End-User |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Bronchial Thermoplasty Catheter Market Scope and Research Methodology
The Bronchial Thermoplasty Catheter Market report provides a detailed analysis of the market. For the competitive analysis, the report includes the profile of the key market players in the Bronchial Thermoplasty Catheter market including company overview, financial performance, product portfolio, and strategies. The main objective is to provide the Bronchial Thermoplasty Catheter market definition, trends, and issues in the market. The bottom-up approach was used to estimate the Bronchial Thermoplasty Catheter market size. Regional analysis of the Bronchial Thermoplasty Catheter Market is conducted at the local, regional, and global levels. The market was segmented based on End user.
The primary research method was used to validate the findings from the secondary research method in the Bronchial Thermoplasty Catheter market. SWOT and PESTLE analysis were used for the research on the Bronchial Thermoplasty Catheter Market that combines quantitative and qualitative methods of research. The search methods help understand the factors influencing the Market growth.
Bronchial Thermoplasty Catheter Market Overview
Bronchial thermoplasty is a non-drug procedure used for the treatment of severe persistent asthma. Bronchial thermoplasty is performed during the endoscopy suite and takes an hour and above to complete. The procedure is done under moderate sedation. The high prevalence of asthma increases the demand for Bronchial Thermoplasty catheters.
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Increasing prevalence of Asthma to boost the Bronchial Thermoplasty Catheter market growth
Globally the prevalence of asthma is very high. Leading chronic disorders among children are expected to boost market growth. Asthma is underdiagnosed & untreated in countries, where the income is low. Minimally Invasive procedure is expected to influence the market growth over the forecast period. The advancement in technology and better healthcare infrastructure has resulted in scope for minimally invasive solutions. Growing geriatric population with preference for invasive techniques as elder people can’t withstand higher damage and long recovery time is expected to boost the Bronchial Thermoplasty Catheter market growth.
High cost of bronchial thermoplasty procedure and lack of highly skilled professionals is expected to restrain the Bronchial Thermoplasty Catheter market growth.
North American region to dominate the Bronchial Thermoplasty Catheter market over the forecast period
North American region dominated the market in 2022 and is expected to continue the dominance over the forecast period with the largest Bronchial Thermoplasty Catheter market revenue. Growth in the hospitalization of severe asthma patients and use of advanced technology is expected to boost the market growth. The United States suffers from asthma accounting for 1:13 Americans. High demand for the bronchial thermoplasty procedures is expected to fuel the regional Bronchial Thermoplasty Catheter market growth.
The European region is expected to witness significant growth in the market over the forecast period. Developed infrastructure in the region and growing medical tourism in Eastern Europe and high prevalence of smoking is expected to boost the market growth in the European region.
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Bronchial Thermoplasty Catheter Market Segmentation
Based on End-user, the ambulatory surgery centers segment held the largest market share in 2022 and is expected to continue the dominance over the forecast period. The centers provide specialized surgical facilities, where hospitalization is not required. Comfortable environment & dedicated excellent care is provided by the Ambulatory Surgery Centers.
By End User:
- Ambulatory Surgery Centers
- Hospitals
Bronchial Thermoplasty Catheter Market Key Players include
- Boston Scientific Corporation
Key questions answered in the Bronchial Thermoplasty Catheter Market are:
- What is Bronchial Thermoplasty Catheter?
- What was the Bronchial Thermoplasty Catheter market size in 2021?
- What is the expected Bronchial Thermoplasty Catheter market size by 2029?
- What is the growth rate of the Bronchial Thermoplasty Catheter Market?
- Which are the factors expected to drive the Bronchial Thermoplasty Catheter market growth?
- Which factors are expected to restrain the Bronchial Thermoplasty Catheter market growth?
- Which segment dominated the Bronchial Thermoplasty Catheter market growth?
- What is the demand pattern for the Bronchial Thermoplasty Catheter market?
- Which region held the largest share in the Bronchial Thermoplasty Catheter market?
- Who are the key players in the Bronchial Thermoplasty Catheter market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by End user
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Medical Devices research firm, has also published the following reports:
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Eosinophilic Asthma Treatment Market: The total market size is expected to reach USD 189.93 Bn by 2029 at a CAGR of 38.99 percent during the forecast period. Lowering immunity results in the prevalence of asthma is expected to boost the market growth.
Pediatric Asthma Treatment Market: The total market size is expected to reach USD 47.25 Bn by 2029 at a CAGR of 8.3 percent during the forecast period. Increase in allergy cases, and accessibility of advanced inhaler devices is expected to boost the market growth.
Intelligent Asthma Monitoring Devices Market: The total market size was valued USD 52.23 Mn in 2021 and is expected to reach USD 1630.27 Mn by 2029 at a CAGR of 53.74 percent during the forecast period. Demand for cost-effective treatment is expected to boost the market growth.
Asthma Treatment Market: The total market size is expected to grow at a CAGR of 4.27 percent during the forecast period and the market size is expected to reach USD 28.15 Bn by 2029. Increasing. Asthma occurrence stages from 3% to 5% in developing countries is expected to boost the market growth.
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
