Endobronchial Valves Market (2023 - 2033)
Endobronchial Valves Market Analysis by Duckbill-Shaped and Umbrella-Shaped for Hospitals, Clinical Research Centers, Ambulatory Surgery Centers, and Others from 2023 to 2033
Core Findings
FREE CustomizationEndobronchial Valves Market Outlook (2023 to 2033)
The worldwide Endobronchial valve arcade is expected to grow with a CAGR of 5.8% in the forecast period 2023- 2033. The market is valued at USD 178.78 million at present in 2023. Further, the industry is anticipated to surpass a valuation of USD 314.18 million by end of 2033.
The global market for endobronchial valves is still in the nascent stage. Due to the increasing demand, manufacturers of endobronchial valve systems are mainly focused on clinical trials and research and development.
In the forthcoming years, the global market is expected to witness the entry of a few new market players, which will increase the competition in the market. With the growing global population, predominantly geriatric, who are more susceptible to lung disease, the market is expected to grow at a steady speed.
Among the two product types, due to the ease in implanting the duckbill-shaped endobronchial valves is expected to be the leading segment in the global market over the forecast period. The ongoing clinical trials in various regions as such North America and Europe, especially in the U.K., are projected to offer new growth opportunities for the manufacturers operating in the market.
| Report Attributes | Details |
|---|---|
| Market size (2023 A) | USD 178.78 million |
| Base Year for Estimation | 2023 |
| Forecast duration for this research | 2023-2033 |
| Forecasted Market value (2033 F) | USD 314.18 million |
| Global Market Growth rate (2023 to 2033 E) | CAGR of 5.8% |
| Key Companies Profiled |
Pulmonx Corporation (Zephyr); Spiration Inc |
What makes the Endobronchial valve preferable over thoracoscopic surgery?
Endobronchial valves are specially designed one-way valves that allow the exhaled air to exit the lungs, but restrict the entry of inhaled air to the lung compartment. The endobronchial valve is used to decrease the lung volume in the condition of lung disease or more specifically emphysema. A common endoscopic approach is prescribed rather than thoracoscopic lung volume reduction surgery.
Endoscopic lung volume reduction surgery (LVRS) is a minimally invasive procedure that can be used to treat severe emphysema. It involves inserting a small camera and instruments through the mouth or nose to remove damaged tissue from the lungs.
This approach is preferred by doctors because it is less invasive than thoracoscopic LVRS, which requires a larger incision in the chest wall. Endoscopic LVRS also has a shorter recovery time and fewer risks of complications. Additionally, endoscopic LVRS can be used to treat more areas of the lungs than thoracoscopic LVRS.
What are the demand drivers of the market?
The major factor expected to drive the growth of the market is growing awareness regarding procedures for bronchoscopic lung volume reduction in various lung-related diseases. The increasing prevalence of tobacco smoking worldwide is consequently expected to contribute to the growth of the market.
The insertion of the endobronchial valve is performed by a delivery catheter, which is passed from the bronchoscope. This valve is designed in such a way that it only prevents air uptake or inflation during the inhalation process, and allows the mucosa and exhaled air to exit or the lungs to deflate during the process of exaltation. Moreover, it comes in different shapes and designs based on their use. Currently, such valves are designed in duckbill and umbrella shapes.
Chronic obstructive pulmonary disease (COPD) is one of the major lung disorders. With the growing geriatric population, who are more commonly susceptible to lung disease, the demand is expected to increase at a linear speed. Besides, growing air pollution has a significant impact on the increasing number of patients suffering from lung disorders, particularly severe emphysema, and advanced emphysema.
This is also considered as one of the major factors fuelling the growth of the global market over the forecast period. The efficiency of these valves compared to the standard medical care in lung volume reduction methods and emphysema treatment is the other factor expected to propel the growth of the market over the forecast period.
However, the high cost associated with the procedure coupled with the post-operative adhesion issues associated with the valve are factors expected to restrict the growth of the market over the forecast period.
Segmentation
-
By Product Type :
- Duckbill-shaped
- Umbrella-shaped
-
By End user :
- Hospitals
- Clinical Research Center
- Ambulatory Surgery Center
- Others
-
By Region :
- North America
- Latin America
- Europe
- CIS & Russia
- Asia Pacific
- Japan
- Middle East and Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Product Type
- 6.2. End User
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Duckbill-shaped
- 7.2. Umbrella-shaped
- 8. Global Market Analysis and Forecast, By End User
- 8.1. Hospitals
- 8.2. Clinical Research Center
- 8.3. Ambulatory Surgery Center
- 8.4. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. Asia Pacific
- 9.6. East Asia
- 9.7. MEA
- 10. North America Sales Analysis and Forecast, by Key Segments and Countries
- 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 17. Sales Forecast by Product Type and End User for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Pulmonx Corporation (Zephyr)
- 19.2. Spiration Inc
List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Product Type
Table 03: Global Market US$ Mn Forecast by End User
Table 4: North America Market US$ Mn Forecast by Country
Table 05: North America Market US$ Mn Forecast by Product Type
Table 06: North America Market US$ Mn Forecast by End User
Table 07: Latin America Market US$ Mn Forecast by Country
Table 08: Latin America Market US$ Mn Forecast by Product Type
Table 09: Latin America Market US$ Mn Forecast by End User
Table 10: Western Europe Market US$ Mn Forecast by Country
Table 11: Western Europe Market US$ Mn Forecast by Product Type
Table 12: Western Europe Market US$ Mn Forecast by End User
Table 13: Eastern Europe Market US$ Mn Forecast by Country
Table 14: Eastern Europe Market US$ Mn Forecast by Product Type
Table 15: Eastern Europe Market US$ Mn Forecast by End User
Table 16: Asia Pacific Market US$ Mn Forecast by Country
Table 17: Asia Pacific Market US$ Mn Forecast by Product Type
Table 18: Asia Pacific Market US$ Mn Forecast by End User
Table 19: East Asia Market US$ Mn Forecast by Country
Table 20: East Asia Market US$ Mn Forecast by Product Type
Table 21: East Asia Market US$ Mn Forecast by End User
Table 22: MEA Market US$ Mn Forecast by Country
Table 23: MEA Market US$ Mn Forecast by Product Type
Table 24: MEA Market US$ Mn Forecast by End User
Table 25: Region Market US$ Mn Forecast by Country
Table 26: Region Market US$ Mn Forecast by Product Type
Table 27: Region Market US$ Mn Forecast by End User
Table 28: North America Market US$ Mn Forecast by Country
Table 29: North America Market US$ Mn Forecast by Product Type
Table 30: North America Market US$ Mn Forecast by End User
Table 31: Latin America Market US$ Mn Forecast by Country
Table 32: Latin America Market US$ Mn Forecast by Product Type
Table 33: Latin America Market US$ Mn Forecast by End User
List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 04: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 07: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 08: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 17: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 18: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 20: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: Region Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 26: Region Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 27: Region Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 28: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 29: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 30: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 32: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 33: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
- FAQs -
What is the market size at present in 2023?
The market is valued at USD 178.78 million at present in 2023.
What is the projected market valuation for the year 2033?
The industry is anticipated to surpass a valuation of USD 314.18 million by end of 2033.
What is the anticipated growth rate for the forecast period 2023 to 2033?
The worldwide arcade is expected to grow with a CAGR of 5.8% in the forecast period 2023 to 2033.
Which region is expected to reign the industry in terms of market share?
North America is expected to possess a 37% market share in the forecast period 2023 to 2033.
Why does the Market have High Growth Potential?
The market is expected to have a CAGR of 5.8% through 2033 due to a rise in chronic obstructive pulmonary disease.
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