PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1527300
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1527300
Global Bronchial Thermoplasty Catheter Market Size study, by End-user (Hospitals, Ambulatory Surgery Centers), and Regional Forecasts 2022-2032
The Global Bronchial Thermoplasty Catheter market was valued at approximately USD 3.78 billion in 2023, growing at a compound annual growth rate (CAGR) of about 5.1% from 2024 to 2032. Bronchial thermoplasty represents an advanced treatment for asthma, one of the most widespread chronic illnesses globally, particularly affecting children and exacerbating with age. Asthma, a complex inflammatory condition, is attributed to genetic mutations or environmental factors, resulting in hypersensitivity and inflammation of the airway muscles, which leads to airway narrowing and breathing difficulties. The increasing prevalence of asthma, affecting over one-third of the global population and causing approximately 2.5 million deaths annually, underscores the urgent need for effective treatments. Bronchial thermoplasty, a surgical procedure utilizing heat to reduce airway smooth muscle (ASM) thickness, stands as the most effective treatment for severe asthma in patients unresponsive to other therapies. This procedure involves inserting a bronchoscope through the mouth or nose, equipped with a camera and light to guide the physician in administering targeted heat to the ASM, thus reducing its thickness and improving airflow.
The market growth is driven by several factors, including rising domestic incomes enabling greater healthcare spending, favorable reimbursement regulations, and increasing government initiatives to raise public awareness about asthma treatments. Additionally, technological advancements, an aging population, and the growing demand for minimally invasive surgeries contribute significantly to market expansion. However, stringent government regulations on product approval, availability of alternative therapies, and the high costs associated with bronchial thermoplasty procedures pose challenges to market growth. Additionally, rising healthcare expenditure and supportive government initiatives are bolstering market growth. The strong emphasis on research and development, leading to continuous product innovations and improvement is driving the market growth. The market is poised for growth, driven by the increasing adoption of bronchial thermoplasty as a viable alternative for patients who do not respond adequately to conventional asthma treatments.
Key regions considered for the Global Bronchial Thermoplasty Catheter Market study include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America dominated the market in 2023, driven by increasing asthma incidences, a high number of hospitalizations, presence of major market players, and rapid technological advancements. The region's significant adoption of advanced treatment methodologies and favorable reimbursement scenarios further bolster market growth. Meanwhile, the Asia-Pacific region is expected to witness substantial growth, driven by rising awareness and improving healthcare infrastructure.
Major market players included in this report are:
- Boston Scientific Corporation
- Smith & Nephew plc
- Medtronic plc
- Olympus Corporation
- Johnson & Johnson
- Abbott Laboratories
- Teleflex Incorporated
- CONMED Corporation
- Cook Medical LLC
- Merit Medical Systems, Inc.
- AngioDynamics, Inc.
- Terumo Corporation
- C. R. Bard, Inc.
- Stryker Corporation
- Penumbra, Inc.
The detailed segments and sub-segment of the market are explained below:
By End-user
- Hospitals
- Ambulatory Surgery Centers
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Bronchial Thermoplasty Catheter Market Executive Summary
- 1.1. Global Bronchial Thermoplasty Catheter Market Size & Forecast (2022- 2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By End-user
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Bronchial Thermoplasty Catheter Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Bronchial Thermoplasty Catheter Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing prevalence of asthma
- 3.1.2. Technological advancements
- 3.1.3. Rising domestic incomes and healthcare spending
- 3.2. Market Challenges
- 3.2.1. Stringent government regulations
- 3.2.2. High costs of procedures
- 3.2.3. Availability of alternative therapies
- 3.3. Market Opportunities
- 3.3.1. Growth in minimally invasive surgeries
- 3.3.2. Development of advanced bronchial thermoplasty techniques
- 3.3.3. Rising public awareness initiatives
Chapter 4. Global Bronchial Thermoplasty Catheter Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Bronchial Thermoplasty Catheter Market Size & Forecasts by End-user 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Bronchial Thermoplasty Catheter Market: End-user Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Hospitals
- 5.2.2. Ambulatory Surgery Centers
Chapter 6. Global Bronchial Thermoplasty Catheter Market Size & Forecasts by Region 2022-2032
- 6.1. North America Bronchial Thermoplasty Catheter Market
- 6.1.1. U.S. Bronchial Thermoplasty Catheter Market
- 6.1.1.1. End-user breakdown size & forecasts, 2022-2032
- 6.1.2. Canada Bronchial Thermoplasty Catheter Market
- 6.1.2.1. End-user breakdown size & forecasts, 2022-2032
- 6.1.3. Mexico Bronchial Thermoplasty Catheter Market
- 6.1.3.1. End-user breakdown size & forecasts, 2022-2032
- 6.1.1. U.S. Bronchial Thermoplasty Catheter Market
- 6.2. Europe Bronchial Thermoplasty Catheter Market
- 6.2.1. Germany Bronchial Thermoplasty Catheter Market
- 6.2.2. UK Bronchial Thermoplasty Catheter Market
- 6.2.3. France Bronchial Thermoplasty Catheter Market
- 6.2.4. Spain Bronchial Thermoplasty Catheter Market
- 6.2.5. Italy Bronchial Thermoplasty Catheter Market
- 6.2.6. Rest of Europe Bronchial Thermoplasty Catheter Market
- 6.3. Asia-Pacific Bronchial Thermoplasty Catheter Market
- 6.3.1. China Bronchial Thermoplasty Catheter Market
- 6.3.2. Japan Bronchial Thermoplasty Catheter Market
- 6.3.3. India Bronchial Thermoplasty Catheter Market
- 6.3.4. South Korea Bronchial Thermoplasty Catheter Market
- 6.3.5. Australia Bronchial Thermoplasty Catheter Market
- 6.3.6. Rest of Asia-Pacific Bronchial Thermoplasty Catheter Market
- 6.4. Latin America Bronchial Thermoplasty Catheter Market
- 6.4.1. Brazil Bronchial Thermoplasty Catheter Market
- 6.4.2. Mexico Bronchial Thermoplasty Catheter Market
- 6.4.3. Rest of Latin America Bronchial Thermoplasty Catheter Market
- 6.5. Middle East & Africa Bronchial Thermoplasty Catheter Market
- 6.5.1. Saudi Arabia Bronchial Thermoplasty Catheter Market
- 6.5.2. South Africa Bronchial Thermoplasty Catheter Market
- 6.5.3. Rest of Middle East & Africa Bronchial Thermoplasty Catheter Market
Chapter 7. Competitive Intelligence
- 7.1. Key Company SWOT Analysis
- 7.2. Top Market Strategies
- 7.3. Company Profiles
- 7.3.1. Boston Scientific Corporation
- 7.3.1.1. Key Information
- 7.3.1.2. Overview
- 7.3.1.3. Financial (Subject to Data Availability)
- 7.3.1.4. Product Summary
- 7.3.1.5. Market Strategies
- 7.3.2. Smith & Nephew plc
- 7.3.3. Medtronic plc
- 7.3.4. Olympus Corporation
- 7.3.5. Johnson & Johnson
- 7.3.6. Abbott Laboratories
- 7.3.7. Teleflex Incorporated
- 7.3.8. CONMED Corporation
- 7.3.9. Cook Medical LLC
- 7.3.10. Merit Medical Systems, Inc.
- 7.3.11. AngioDynamics, Inc.
- 7.3.12. Terumo Corporation
- 7.3.13. C. R. Bard, Inc.
- 7.3.14. Stryker Corporation
- 7.3.15. Penumbra, Inc.
- 7.3.1. Boston Scientific Corporation
Chapter 8. Research Process
- 8.1. Research Process
- 8.1.1. Data Mining
- 8.1.2. Analysis
- 8.1.3. Market Estimation
- 8.1.4. Validation
- 8.1.5. Publishing
- 8.2. Research Attributes
