Breathing New Life: Emphysema Treatment Market Projected to Reach $8.7 Billion Worldwide by 2032, Driven by 3.3% Annual Growth

“Discover the latest insights into the Emphysema Treatment Market with Allied Market Research’s comprehensive report. Valued at $6.3 billion in 2022, the market is projected to reach $8.7 billion by 2032, marking a steady growth rate of 3.3% from 2023 to 2032. Explore treatment types, end-user segments, and global opportunities in this dynamic industry landscape.”

Prime Determinants of Growth

“The growth of the emphysema treatment market is driven by several key factors. Firstly, the global increase in emphysema cases, fueled by a rise in the number of smokers, has significantly contributed to market expansion. Secondly, the Asia-Pacific region is poised for substantial growth due to heightened awareness initiatives, improved diagnosis rates, and increased investments in advanced healthcare infrastructure. These prime determinants underscore the evolving landscape of emphysema treatment, presenting lucrative opportunities for market players.”

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2023 Recession Impact Analysis 

“The 2023 global recession has cast a shadow over the emphysema treatment market, exerting considerable pressure on various fronts. With economic instability dampening fresh investments and funding for research and development initiatives, the pace of innovation in advanced treatment options has slowed. Moreover, the financial strain has compelled reductions in hospital management budgets, posing challenges to the accessibility and quality of care. Navigating these impacts requires strategic resilience and adaptability within the industry.”

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The medication segment to maintain its leadership status throughout the forecast period

“The medication segment is poised to maintain its leadership status throughout the forecast period, building on its strong foundation established in 2022. With nearly three-fourths of the market revenue attributed to this segment, its dominance is driven by widespread adoption of medications like bronchodilators and steroids for emphysema treatment. The easy availability and cost-effectiveness of these medications further bolster their uptake, solidifying the medication segment’s pivotal role in addressing the needs of emphysema patients.”

Leading Market Players

• Astrazeneca
• Boehringer Ingelheim International GmbH
• Glaxosmithkline Plc.
• Viatris Inc.
• Novartis Ag
• Orion Corporation
• Teva Pharmaceutical Industries Ltd.
• Verona Pharma Plc.
• Koninklijke Philips N.V.
• Inogen Inc.

The homecare segment to maintain its leadership status throughout the forecast period 

“The centriacinar segment is projected to maintain its leadership status throughout the forecast period, building upon its robust performance in 2022. With nearly half of the market revenue attributed to this segment, its dominance is driven by the high prevalence of centriacinar emphysema, compounded by the global increase in smokers. These factors underscore the sustained demand for treatments targeting centriacinar emphysema, reaffirming its pivotal role in the emphysema treatment landscape.”

“The homecare segment is poised to maintain its leadership status throughout the forecast period, building on its strong performance in 2022. With more than two-fifths of the emphysema treatment market revenue attributed to this segment, its dominance is fueled by the increasing trend toward home healthcare. Furthermore, the development of portable oxygen therapy has significantly contributed to the segment’s growth, enabling patients to receive necessary care and treatment in the comfort of their own homes. These factors highlight the pivotal role of the homecare segment in catering to the evolving needs of emphysema patients.”

North America to maintain its leadership status throughout the forecast period 

“North America is positioned to maintain its leadership status throughout the forecast period, having captured two-fifths of the emphysema treatment market revenue in 2022. This dominance is fueled by a surge in research and development activities, coupled with a well-established healthcare infrastructure and a rising prevalence of emphysema cases in the region.

Meanwhile, Asia-Pacific is poised to witness a notable compound annual growth rate (CAGR) during the forecast period. This growth trajectory is attributed to factors such as deteriorating air quality indexes, initiatives aimed at early diagnosis, and escalating investments in healthcare infrastructure. These dynamics underscore the shifting landscape of the emphysema treatment market, with both regions offering distinct opportunities and challenges for industry stakeholders.”

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