Sheer Analytics and Insights Pvt. Ltd. have published a report on the global Bronchial Thermoplasty market titled Global Bronchial Thermoplasty Market(By Age Group: 18-30 years, 30-50 years, and Greater than 50 years. By Regions: North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026. The market is estimated to reach US$ 99.68 Bn by the year 2026 growing at an extraordinarily high CAGR of 153.80% during the forecast period 2018-2026. The current valuation is at US$ 57.90 Mn. The report covers the forecast and analysis of the Bronchial Thermoplasty on both regional as well as global level.
What is Bronchial
Thermoplasty and how has it gained such importance?
What does the bronchial thermoplasty market report forecast about future trends?
Global Bronchial Thermoplasty Market: By Age Group (Years)
Global Bronchial Thermoplasty Market: By Geography
Bronchial thermoplasty is one of the most important invasive processes for asthmatic patients. This type of treatment mainly includes tissue heating through the application of therapeutic radiofrequency energy to the airway passage, thus eliminating the development of smoother muscles which comes in the way of the airway wall. Asthma patients who take numerous medications still have to suffer from asthma attacks. This is the reason why they are unable to move on with their daily lives, including going to school or work. Bronchial thermoplasty has proven to be beneficial for such people. This medical procedure also offers other benefits including fewer hospital visits, lesser asthma attacks, along with a better quality of life. Growing asthma communities on social media sites and increasing awareness of the people are some of the major positive factors influencing the growth of the Bronchial Thermoplasty market.
In the recent market research report published by Sheer Analytics and Insights Pvt. Ltd., Bronchial Thermoplasty market has been classified on the basis of its age group which includes 18 to 30 years, 30 to 50 years, and greater than 50 years. Amongst the different age groups, 30 to 50 years age group segment is anticipated to grow at the highest CAGR during the forecast period. The market growth could be attributed due to a larger number of people belonging from this age group category who generally suffer from severe asthma. As per the suggestion by their asthma specialist or physician, they choose the bronchial thermoplasty treatment for their effective treatment. Along with this, the growing disposable income of the people that is coupled with their increasing awareness towards a disease-free healthy life is further projected to boost a huge market opportunity for the global bronchial thermoplasty market.
Based on its regional demand, the global bronchial thermoplasty market is fragmented into global regions like Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. Among all the five major global regions, North-America is projected to hold the largest share of the bronchial thermoplasty market in the year 2018, followed by Europe, Asia-Pacific, the Middle East and Africa, and Latin America. North America holds the largest market share due to the growing number of clinics and hospitals in Canada and the United States.
Boston Scientific Corporation in October 2013 got its endorsement from the China Food and Drug Administration for its Alair® Bronchial Thermoplasty System. The system provides one with a unique and effective therapy for those patients who suffer from severe asthma and are not under the control with inhaled corticosteroids and long-acting beta-agonists. The medical process of the Bronchial Thermoplasty (BT) eliminates airway contraction, thereby reducing the severity of the asthma attacks. Also, this treatment reduces the frequency or occurrence of asthma attacks.
Some of the prominent industry players operating in the global Bronchial Thermoplasty market include brands like McLaren Healthcare and Boston Scientific Corporation.
· 18 to 30
· 30 to 50
· Greater than 50
· North America
o The U.S.
o Rest of Europe
· Asia Pacific
o Rest of Asia Pacific
· The Middle East and Africa
o Saudi Arabia
o South Africa
o Rest of the Middle East and Africa
· Latin America
o Rest of Latin America
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