Bronchial Thermoplasty Catheter Market Research, 2031
The global bronchial thermoplasty catheter market size was valued at $3.4 billion in 2021, and is projected to reach $5.4 billion by 2031, growing at a CAGR of 5% from 2022 to 2031. Bronchial thermoplasty is a reducing treatment for asthma, the world's leading chronic illness. Asthma is one of the most prevalent chronic diseases among children, and it deteriorates with age. It is a complicated inflammatory condition that is caused by a genetic mutation or other environmental variables.
Asthma causes the airway muscles to become hypersensitive to numerous allergens, causing inflammation of the muscular wall of the airway tract and, and, as a result narrowing of the airway channel. The inflammation eventually causes the thickening of the smooth muscle of the airway tract, resulting in reduced airflow and disruption in the breathing process.
Asthma is one of the fastest developing diseases, affecting over one-third of the world's population. Approximately 2.5 million patients die each year as a result of severe asthma. Asthma causes the airway muscles to become hypersensitive to numerous allergens, causing inflammation of the muscular wall of the airway tract and, and, as a result narrowing of the airway channel. The inflammation eventually causes the thickening of the smooth muscle of the airway tract, resulting in reduced airflow and disruption in the breathing process. Bronchial thermoplasty catheter, till now, is the most successful surgical procedure to treat asthma in patients.
Bronchial thermoplasty is a technique approved to treat severe asthma in some adults. It is only used when other therapies fail to control asthma symptoms. Bronchial thermoplasty employs heat to reduce the thickness of ASM (airway smooth muscles). With fewer ASM, the airways are less responsive and do not narrow as much during an asthma attack. During the process, a small tube called a bronchoscope is placed through your mouth or nose. The bronchoscope features a light and a camera to assist your doctor view within your airways. A special gadget will be placed through the bronchoscope that expands and warms the ASM.
Increasing domestic income will boost the demand for bronchial thermoplasty catheters even more. Increased domestic income helps people spend more on healthcare, and reimbursement regulations make it easier for customers to accept treatments. Furthermore, the increasing number of government activities to raise public awareness will have a significant impact on the expansion of the bronchial thermoplasty catheter market share. Another important aspect contributing to market development is technological advancement. Furthermore, the growing geriatric population and increased demand for minimally invasive surgeries are major drivers that will boost bronchial thermoplasty catheter market growth.
The main element limiting the bronchial thermoplasty catheter market opportunity growth is government restrictions on product approval. The availability of alternative therapies, as well as the problems associated with bronchial thermoplasty catheter are also restricting market growth. It involves the usage of iodinated mediocre divergence. This is nephrotoxic and should be avoided if there is significant current renal failure. Furthermore, radiation exposure is expensive and difficult to afford. Also, in the first three months after the treatment, bronchial thermoplasty can also increase the frequency of asthma attacks. During this time, the likelihood of hospitalization rises which can develop trust issues in patients. Such factors are anticipated to have a negative impact on bronchial thermoplasty catheter market size growth in the future.
Bronchial thermoplasty uses modern technology to provide an accurate picture of the blood vessels. There are several research and development programs associated with the technique that locates the exact area of the bleeding and can be utilized in vasopressin potion or embolization. Such advanced techniques are providing a lucrative growth opportunity in the bronchial thermoplasty industry.
The key players profiled in this report include Boston Scientific and others.
The bronchial thermoplasty catheter market is segmented on the basis of end user and region. By end user, the market is classified hospitals and ambulatory surgery centers. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The bronchial thermoplasty catheter market is segmented into and End-user.
By end user, the ambulatory surgery centers segment dominated the global bronchial thermoplasty catheter market in 2021, owing to the use of bronchial thermoplasty for modern healthcare facilities, focused on providing same-day surgical care, including diagnostic and preventive procedures. Ambulatory surgical centers (ASCs) are medical facilities provided to patients when operations and treatments are performed safely outside of a hospital environment. The restricted scope of operations done in the ASC environment provides for more specialized care and excellent patient satisfaction due to smaller and more customized teams.
By region, North America bronchial thermoplasty catheter market accounted a dominating market share in 2021. Increasing asthma attacks among individuals, an increase in the number of hospitalizations of asthma patients in the United States, the presence of major players, and rapid technological advancements are some of the factors that have contributed to the growth of the bronchial thermoplasty market in the North America region. There is significant adoption of technically advanced treatment equipment and methodologies in the region. Despite the fact that this technique is a novel approach, increasing number of people and commercial health care payers are considering case-by-case reimbursement for the healthcare treatments. This factor boosts the bronchial thermoplasty market in North America.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bronchial thermoplasty catheter market forecast from 2021 to 2031 to identify the prevailing bronchial thermoplasty catheter market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the bronchial thermoplasty catheter market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global bronchial thermoplasty catheter market trends, key players, market segments, application areas, and market growth strategies.
Impact of COVID-19 on Global Bronchial Thermoplasty Catheter Industry
- The COVID-19 pandemic negatively impacted the bronchial thermoplasty catheter market as hospitalization rate for asthma cases decreased during the COVID-19 pandemic. Only severe patients were admitted to the hospitals during this period.
- COVID-19 individuals with chronic type-2 asthma have a significant risk since the condition and morbidities may worsen. Due to insufficient study evidence, asthmatic patients were expected to remain cautious throughout the COVID-19 pandemic, taking all steps to stay safe.
- Economic slowdown affected the setup of new bronchial thermoplasty catheter projects globally as majority of government findings were diverted towards the healthcare sector owing to the spread of the COVID-19 virus, impacting the market to the great extent
Bronchial Thermoplasty Catheter Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 5.4 billion |
 Growth Rate | CAGR of 5% |
 Forecast period | 2021 - 2031 |
 Report Pages | 200 |
 By End-user |
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 By Region |
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 Key Market Players | Boston Scientific Corporation |
Analyst Review
The growth of global bronchial thermoplasty catheters is being driven by rising incidences of asthma, along with an increasing number of lung surgeries across the globe. Medical devices are undergoing rapid technological advancements and hence the bronchial thermoplasty catheter market will flourish across the globe. The government has also increased its expenditure for the development of healthcare infrastructure and owing to this, the bronchial thermoplasty catheter market will grow during the forecast period. However, bronchial thermoplasty is a costly procedure that requires a skilled operator and a well-developed infrastructure. Additionally, limited patient selection criteria for bronchial thermoplasty restricts the use of it among physicians. Increasing asthma attacks among individuals, an increase in the number of hospitalizations of asthma patients in the United States, the presence of key players, and quick technical advancements are some of the factors that have driven to the growth of the bronchial thermoplasty market.
Among the analyzed regions, North America is expected to account for the highest revenue in the market by the end of 2031, followed by Asia-Pacific, Europe, and LAMEA. Rapid industrialization and urbanization are the key factors responsible for leading position of North America and Asia-Pacific in the global bronchial thermoplasty catheter market.
Demand for more effective treatments is increasing as the number of asthma cases grows. As a result, the market has developed innovative treatment devices including those for bronchial thermoplasty. Additionally, the increase in technological development in medical devices will further expand the bronchial thermoplasty catheter market growth in the future.
The leading application of Bronchial thermoplasty catheter market is the treatment of severe asthma in patients.
North America is expected to provide more business opportunities for the global bronchial thermoplasty catheter market in the future.
The global bronchial thermoplasty catheter market size was he bronchial thermoplasty catheter market was valued at $3409 million in 2021 and is projected to reach $5416.8 million by 2031, growing at an expected CAGR of 4.99% from 2022 to 2031.
Boston Scientific is the major player in the bronchial thermoplasty catheter market.
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