PUBLISHER: Allied Market Research | PRODUCT CODE: 1472312
PUBLISHER: Allied Market Research | PRODUCT CODE: 1472312
The global emphysema treatment market was valued at $6.3 billion in 2022, and is projected to reach $8.7 billion by 2032, growing at a CAGR of 3.3% from 2023 to 2032.
Emphysema is a chronic condition characterized by damage to the air sacs (alveoli) in the lungs, leading to difficulty in breathing. This damage is caused by long-term exposure to irritants, most commonly cigarette smoke. When the delicate walls of the air sacs are damaged, they lose their elasticity, making it difficult for the lungs to exhale properly. As a result, air is trapped in the lungs, causing them to inflate and leading to shortness of breath, coughing, wheezing, and other respiratory symptoms. Treatment for emphysema focuses primarily on managing symptoms and preventing further lung damage. Medications such as bronchodilators, which help to relax the muscles around the airways and improve airflow, are commonly prescribed. In more severe cases, corticosteroids are used to reduce inflammation in the lungs. Oxygen therapy may be necessary for those with low blood oxygen levels. In advanced stages, surgical options like lung volume reduction surgery or lung transplantation is considered for patients with severe breathing issues due to emphysema .
The growth of the global emphysema treatment market is expected to be driven by rise in incidence of emphysema and surge in number of smokers globally. Emphysema has been increasingly prevalent across the globe due to surge in geriatric population, alarming rise in environmental pollution, and increase in prevalence of smoking worldwide. For instance, according to 2022 article published by the National Library of Medicine, the prevalence of emphysema in the U.S. is approximately 14 million and is leading COPD disorder across the U.S.
In addition, environmental factors such as air pollution, industrial emissions, and exposure to harmful particulate matter have escalated the risk of developing emphysema, especially in urban areas where pollution levels tend to be higher. The rise in incidence of emphysema globally has resulted in surge in effective therapeutic interventions to manage this chronic disease, which is expected to boost the growth of the global emphysema treatment market.
Furthermore, increase in the number of smokers globally has emerged as a key driving force of the emphysema treatment market. For instance, according to the World Health Organization (WHO) 2021, 22.3% world's population use tobacco with 1.3 million tobacco smokers residing in low- and middle-income countries. With increasing number of individuals adopting smoking habits worldwide, the incidence of emphysema has escalated simultaneously. Smoking is widely recognized as the primary risk factor for developing emphysema, as it leads to the progressive deterioration of lung function and exacerbates existing respiratory conditions. Consequently, the escalating number of smokers has contributed to a heightened demand for effective treatments to manage emphysema-related symptoms and improve patients' quality of life. Thus, rise in number of smokers globally is expected to drive the growth of the market.
The global emphysema treatment market is segmented into treatment type, type, end user, and region. By treatment type, the market is divided into medication, oxygen therapy, and surgery. Depending on type, it is segregated into centriacinar, panacinar, and others. On the basis of end user, it is classified into hospitals, home care, specialty centers, and others. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (France, Germany, Italy, Spain, UK, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The major players profiled in the report are AstraZeneca, Boehringer Ingelheim International GmbH, GlaxoSmithKline Plc, Novartis AG, Orion Corporation, Viatris Inc., Inogen, Teva Pharmaceuticals, Koninklijke Philips N.V., and Verona Pharma.
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