Bronchial Thermoplasty Catheter Market: Global Industry Analysis and Forecast by End Use and region (2023-2029)

The Bronchial Thermoplasty Catheter Market size was valued at USD 3.2 Bn in 2022 and the total Bronchial Thermoplasty Catheter revenue is expected to grow at a CAGR of 5% from 2023 to 2029, reaching nearly USD 5.4 Bn Asthma is a chronic aliment wherein the airways become narrowl and produce excess mucus. This results in difficulty in breathing triggering cough while breathe out & shortness of breath. The severity of the disorders varies from patient to patient. Lot of patients are suffering for severe asthma. The current treatment available for the disorders creating significant unmet demand for improving treatment for patients with severe asthma. Bronchial thermoplasty (BT), is a long-lasting solution for such patients. BT(Bronchial thermoplasty) is a non-drug treatment procedure for severe asthma in adults. The procedure is minimally invasive solution which is expected to complement conventional asthma drugs, improving symptoms and the patient life. The high prevalence of asthma worldwide along with increasing demand for minimally invasive procedures is the key factor driving the demand for bronchial thermoplasty catheter market. In the U.S, over 50% of the adults are at risk of uncontrolled asthma. This is resulting in market players developing advanced devices to treat the disorders effectively. The growing expenditure by the governments across the globe to develop healthcare infrastructure is also expected to be a important growth influencing factor for the bronchial thermoplasty market. The high cost of the bronchial thermoplasty procedure & requirement of highly skilled professionals for the procedures is limiting the access to the procedures in the low- & milled-income nation, influencing the bronchial thermoplasty catheter market negatively.Bronchial Thermoplasty Catheter MarketTo know about the Research Methodology :- Request Free Sample Report

Competitive Landscapes:

The Bronchial Thermoplasty Catheter market is monopolistic with Boston Scientific Corporation the only manufacturer globally. Boston Scientific corporation holds the patient for the bronchial thermoplasty catheter device. Originally the patient was held by Asthamatx which was acquired by Boston Scientific Corporation in 2010. Towards the end of the forecast period, numerous new entrants are expected to enter the market in response to huge unmet demand. In the low- & middle-income countries, the medical device companies will come up with low-cost devices, covering a huge market share. Numerous medical device companies have started preparing to enter the market. By 2029, the market is expected to be competitive.

Bronchial Thermoplasty Catheter Market Dynamics:

Increasing prevalence of Asthma to drive market growth The global prevalence of Asthma is high. The insides of asthma are rising in adults as well as children. Currently 339 million people are affected by asthma globally. The condition is responsible for 455,000 deaths this year. In the U.S about 50% of the adults are affected by the disorder. The disease is prevalent across the globe and is the leading chronic disorder among children. In the 10 years the mortality from asthma is expected rise rapidly if proper action is not taken. Asthma is often underdiagnosed & untreated in middle- & lower-income countries. The susceptibility to dust allergies, genetics & smoking are the leading causes of asthma among the population. The increasing amount of air pollution is also contributing to the growing prevalence of asthma. The high prevalence is creating huge demand for asthma treatment which is still unmet with limited options available in the market. The bronchial thermoplasty is a latest solution in the market and thus have a huge unmet market demand due to the high asthma prevalence & limited options for treatment. Growing Demand for Minimally Invasive Procedures to be a key growth factor during the forecast period. The preference for minimally invasive treatment options is growing among the patients. Shorter hospitals stays, high quality treatment & easier recovery are increasing the preference for minimally invasive treatment. The better outcomes & minimal damage from the treatment are resulting increased adoption of such solutions by the physicians. The advancement in the technology is further driving the demand for minimally invasive procedures. In the U.S., the adoption of latest technology & better healthcare infrastructure has resulted in high scope for minimally invasive solutions in the region. The growing geriatric population globally is further increasing the preference for minimally invasive techniques as the elder people can’t withstand higher damage & long recovery time. The high disease prevalence in children is also driving the need for minimally invasive procedure to make their recovery comfortable. The high demand & scope of minimally invasive procedures is expected to increase the demand for bronchial thermoplasty, driving the bronchial thermoplasty catheter market growth.

Bronchial Thermoplasty Catheter Market Segment Analysis:

Based on End User The global Bronchial Thermoplasty Catheter market is segmented into hospitals & ambulatory surgery centres. The ambulatory surgery centres accounted for the highest market share in 2022. Ambulatory surgery centre are specialised surgical facilities, wherein the patient does not require hospitalization. The comfortable environment & dedicated excellent care the facilities are responsible for the patient preferring an ambulatory surgery centre over hospitals. The lower cost of treatment compared to hospitals further drive the preference for the ambulatory surgery centres. The hospitals segment is expected to have the fastest growth during the forecast period. Availability of skilled healthcare professionals, better infrastructure, and the increasing prevalence of asthma in geriatric population are key factors driving the segment. The hospitals are investing in updating their technologies to facilitate minimally invasive procedures for the patient, driving the market growth.Bronchial Thermoplasty Catheter Market1

Bronchial Thermoplasty Catheter Market Regional Insights:

By region, the bronchial thermoplasty market is categorised into North America, Europe, Asia Pacific, South America & Middle East Africa. The North American region dominated the global Bronchial Thermoplasty Catheter market in 2022. The surge in asthma attacks in the region, growth in hospitalization of severe asthma patients, adoption of advanced technology & presence of key players are the key drivers for the bronchial thermoplasty market in the region. As of 2022, 25 million people in the United States are suffering for asthma accounting for every 1 in 13 Americans. The females in the region have higher prevalence of the disorder compared to men with 9.7% of women having asthma compared to 6.2 % of the men having asthma. The disorder is also increasing among children in the U.S. , currently affecting 4.8 million children. This is creating high demand for the asthma treatment in the region. The great reimbursement structure in the U.S & high overall healthcare expenditure in the region is resulting in high demand for the bronchial thermoplasty procedures in the region. The healthcare spending in the U.S. increased by 2.7% from 2020-2021. This has favoured the market growth. Boston Scientific Corporation , the key market player having a major monopoly globally is headquartered at U.S., giving an advantage to the regional market.Bronchial Thermoplasty Catheter Market2The Europe region is expected to grow at significant rate during the forecast period. Well developed infrastructure in the region & the growth of medical tourism in the central & eastern Europe are the key growth drivers in the region. Europe has the highest prevalence of smoking globally with 28% of the adults in region smoking. Adults who smoke are at at a high risk of asthmas. Hence the high prevalence of smoking in the region is further expected to drive the market growth during the forecast period.

Bronchial Thermoplasty Catheter Market Scope: Inquire before buying

Bronchial Thermoplasty Catheter Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 3.4 Bn.
Forecast Period 2023 to 2029 CAGR: 5% Market Size in 2029: US $ 5.4 Bn.
Segments Covered: by End User 1. Ambulatory Surgery Centers 2. Hospitals

Bronchial Thermoplasty Catheter Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Bronchial Thermoplasty Catheter Market, Key Players

Boston Scientific Corporation FAQs: 1. What are the growth drivers for the Bronchial Thermoplasty Catheter market? Ans. The increasing prevalence of Asthma, growing demand for minimally invasive procedures & healthcare infrastructure development by governments across the globe are the key growth drivers 2. What is the major restraint for the Bronchial Thermoplasty Catheter market growth? Ans. The high cost of procedures & requirement of skilled workforce are expected to be the major restraining factor for the Bronchial Thermoplasty Catheter market growth. 3. Which region is expected to lead the global Bronchial Thermoplasty Catheter market during the forecast period? Ans. North America is expected to lead the global Bronchial Thermoplasty Catheter market during the forecast period. 4. What is the projected market size & growth rate of the Bronchial Thermoplasty Catheter Market? Ans. The Bronchial Thermoplasty Catheter Market size was valued at USD 3.4 Bn in 2022 and the total Bronchial Thermoplasty Catheter revenue is expected to grow at a CAGR of 5% from 2023 to 2029, reaching nearly USD 5.4 Bn 5. What segments are covered in the Bronchial Thermoplasty Catheter Market report? Ans. The segments covered in the Bronchial Thermoplasty Catheter market report are End Use & Region.
1. Global Bronchial Thermoplasty Catheter Market: Research Methodology 2. Global Bronchial Thermoplasty Catheter Market: Executive Summary 3. Global Bronchial Thermoplasty Catheter Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.4. Global Market Key Player Ranking Analysis 3.5. Market Structure 3.5.1. Market Leaders 3.5.2. Market Followers 3.5.3. Emerging Players 3.6. Consolidation of the Market 4. Global Bronchial Thermoplasty Catheter Market: Dynamics 4.1. Market Trends by Region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 4.2. Market Drivers by Region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 4.3. Market Restraints 4.4. Market Opportunities 4.5. Market Challenges 4.6. PORTER’s Five Forces Analysis 4.7. PESTLE Analysis 4.8. Regulatory Landscape by Region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 5. Global Bronchial Thermoplasty Catheter Market Segmentation (by Value and Volume) 5.1. Global Bronchial Thermoplasty Catheter Market, by End User (2023-2029) • Ambulatory Surgey Centrers • Hospitals 5.2. Global Bronchial Thermoplasty Catheter Market, by Region (2023-2029) • North America • Europe • Asia Pacific • Middle East & Africa • South America 6. North America Bronchial Thermoplasty Catheter Market Segmentation (by Value and Volume) 6.1. North America Bronchial Thermoplasty Catheter Market, by End User (2023-2029) • Ambulatory Surgery Centers • Hospitals 6.2. North America Bronchial Thermoplasty Catheter Market, by Country (2023-2029) • United States • Canada • Mexico 7. Europe Bronchial Thermoplasty Catheter Market Segmentation (by Value and Volume) 7.1. Europe Bronchial Thermoplasty Catheter Market, by End User (2023-2029) 7.2. Europe Bronchial Thermoplasty Catheter Market, by Country (2023-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 8. Asia Pacific Bronchial Thermoplasty Catheter Market (2023-2029) 8.1. Asia Pacific Bronchial Thermoplasty Catheter Market, by End User (2023-2029) 8.2. Asia Pacific Bronchial Thermoplasty Catheter Market, by Country(2023-2029) • China • India • Japan • South Korea • Australia • Indonesia • Malaysia • Vietnam • Taiwan • Bangladesh • Pakistan • Rest of APAC 9. Middle East and Africa Bronchial Thermoplasty Catheter Market Segmentation (by Value and Volume) 9.1. Middle East and Africa Bronchial Thermoplasty Catheter Market, by End Use (2023-2029) 9.2. Middle East and Africa Bronchial Thermoplasty Catheter Market, by Country (2023-2029) • South Africa • GCC • Egypt • Nigeria • Rest of ME&A 10. South America Bronchial Thermoplasty Catheter Market Segmentation (by Value and Volume) 10.1. South America Bronchial Thermoplasty Catheter Market, by End Use (2023-2029) 10.2. South America Bronchial Thermoplasty Catheter Market, by Country (2023-2029) • Brazil • Argentina • Rest of South America 11. Company Profile: Key players 11.1. Boston Scientific Corporation. 11.1.1. Company Overview 11.1.2. Financial Overview 11.1.3. Business Portfolio 11.1.4. SWOT Analysis 11.1.5. Business Strategy 11.1.6. Recent Developments 12. Key Findings 13. Industry Recommendations
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