Interventional Pulmonology Market Expected to Grow Substantially Owing to the Rising Prevalence of Respiratory Diseases such as Asthma and Bronchitis

The global interventional pulmonology market is expected to grow primarily due to increasing prevalence of respiratory diseases. The North America region is predicted to grow at a high CAGR by 2031.

As per the report published by Research Dive, the global interventional pulmonology market is expected to register a revenue of $6,903.70 million by 2031 at a CAGR of 6.7% during the forecast period 2022-2031.

Request Sample Report @ https://www.researchdive.com/download-sample/8654

Dynamics of the Market

The growing prevalence of respiratory diseases such as asthma, bronchitis, and COPD across the world is expected to help the interventional pulmonology market to garner a significant revenue during the forecast period. Additionally, advancements in technology have led to the development of new diagnostic tools and treatments for respiratory diseases which is predicted to propel the market forward. However, according to market analysts, limited access to healthcare services might become a restraint in the growth of the market. Moreover, governments of various countries around the world are investing in healthcare infrastructure which is expected to offer significant growth opportunities for the interventional pulmonology market.

COVID-19 Impact on the Global Interventional Pulmonology Market

The COVID-19 pandemic disrupted the routine lifestyle of people across the globe and the subsequent lockdowns adversely impacted the industrial processes across all sectors. The interventional pulmonology market, however, was positively impacted due to the pandemic for obvious reasons. The demand for respiratory devices and equipment including ventilators, oxygen concentrators, face masks, etc., increased substantially during the pandemic which helped the market post growth numbers in the pandemic period.

Request Customization @ https://www.researchdive.com/request-for-customization/8654

Segments of the Market

The report has divided the interventional pulmonology market into various segments based on product, indication, end-user, and region.

By product, the bronchoscopes sub-segment is predicted to witness the fastest growth by 2031. The growing application of single-use bronchoscopes for diagnosis of COPD, tumors, lung cancer, airway stenosis, pneumonia, bronchitis, and other lung infections is expected to help the sub-segment gather a substantial revenue by 2031.

By indication, the asthma sub-segment s predicted to generate significant revenue by 2031. Increased prevalence of asthma due to rising geriatric population is expected to augment the growth of this sub-segment by 2031.

By end user, the hospitals sub-segment is expected to grow at a high CAGR during the forecast period. An increase in patient preference for hospital-based treatment and procedures due to availability of skilled healthcare professionals and technologically advanced facilities is anticipated to push forward the sub-segment by 2031.

By region, the North America interventional pulmonology market held the largest share in 2021. Increasing incidence and prevalence of chronic respiratory diseases in this region is predicted to be the market's main growth driver in the forecast period.

Purchase Enquiry @ https://www.researchdive.com/purchase-enquiry/8654

Key Players of the Market

The major players of the global interventional pulmonology market include Huger Medical Instrument Co. Ltd, FUJIFILM Corporation, Cook Medical, Medtronic Plc, Becton, Vygon, Boston Scientific Corporation, Smith's Group Plc, Clarus Medical LLC, and Olympus Corporation. These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain market growth.

Contact:

Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
Toll Free: 1-888-961-4454
E-mail: support@researchdive.com
Website: https://www.researchdive.com

About Research Dive:

Research Dive is a market research firm offering actionable insights and extensive analysis of various markets across different verticals. Maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

This release was published on openPR.