Global Endobronchial Valve Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of XX% during forecast period.
Global Endobronchial Valve Market Overview:
Endobronchial Valve (EBV), is a medical device, which is implanted in an airway in the pulmonary system. These are one-way valves designed to allow air to exit the targeted lung segment without allowing reentry of the inspired air, thus leading to deflation of the emphysematous portion of the lung and volume reduction. Endobronchial valves are typically implanted using a flexible delivery catheter advanced through a bronchoscope, and thus they are minimally invasive.
Global Endobronchial Valve Market Dynamics:
Growing awareness regarding procedure for bronchoscopic lung volume reduction in various lung-related diseases is the major factor driving the market.
Prevalence of lung disorders like Chronic Obstructive Pulmonary Disease (COPD) due to increased tobacco smoking worldwide is expected to contribute to the global Endobronchial Valve market growth. Around 65 million people worldwide suffer from COPD. The most common type of COPD is Emphysema, which causes difficulty in breathing and involves damage to the alveoli in the lungs. The growing geriatric population, more susceptible to contracting lung diseases, is expected to propel the market for the Endobronchial valve. The global market for Endobronchial valves is still in the nascent stage. The global Endobronchial valves market is projected to show steady growth as there is no particular substitute available for Endobronchial valves in minimally invasive surgery for lung volume reduction. The high cost associated with surgical procedures and post-operative adhesion issues of the valve may impact negatively market growth.
The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed.
Global Endobronchial Valve Market Segment Analysis:
The Global Endobronchial Valve Market is segmented on the basis of product type and end-users.Currently, the global Endobronchial valve market is highly consolidated, with a few key players holding significant share.
In 2018, two valves were approved by the FDA for bronchoscopic lung volume reduction (BLVR) – the Zephyr EBV (Pulmonx) and the Spiration Valve System (Olympus) (IBV). The Zephyr EBV is a duckbill-shaped silicone valve mounted within a self-expanding nitinol (nickel titanium alloy) stent. The Spiration IBV umbrella-shaped valve is com-posed of six nitinol struts surfaced with polyurethane.
Global Endobronchial Valve Market1
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Global Endobronchial Valve Market Regional Insights:
Regional Insights
North America is expected to dominate the global market during forecast period.
Owing to increasing healthcare spending, advancedtechnologies for diagnosis and treatment of pulmonary disorders, and a shift towards minimally invasive surgeries in the developed countries like the US is stimulating the market growth. Also, the prevalence of lung disorders due to frequently smoking and increased air pollution act as the key drivers for market growth.According to the data published by American Lung Association, in 2018, 9.0 million adults of ages 18 or older, had chronic bronchitis.
APAC market is estimated to grow at a significant pace during forecast period.
The Endobronchial valves market in the Asia Pacific is expected to grow at a CAGR of XX % during the forecast period. Due to the increasing healthcare spending in China and India. The adoption of minimally invasive techniques is the prime factor driving the market growth.
The report also helps in understanding Global Endobronchial Valve Market dynamics, structure by analyzing the market segments and project the Global Endobronchial Valve Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Endobronchial Valve Market make the report investor’s guide.
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Global Endobronchial Valve Market2
Global Endobronchial Valve Market, by Region:
• North America
• Europe
• South America
• MEA
• APAC
Key players operating in global Endobronchial Valve Market:
• Pulmonx Corporation (Zephyr)
• Spiration Inc, etc.
• MedLung
• Novatech
• Olympus Corporation
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