Number of pages: 100 | Report Format: PDF | Published date: May 23, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023 to 2031
Report Attribute |
Details |
Market Size Value in 2022 |
US$ 4.67 billion |
Revenue Forecast in 2031 |
US$ 8.10 billion |
CAGR |
6.3% |
Base Year For Estimation |
2022 |
Forecast Period |
2023 to 2031 |
Historical Year |
2021 |
Segments Covered |
Disease Type, Treatment, End User, and Region |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global pleural effusions treatment market was valued at US$ 4.67 billion in 2022 and is expected to register a revenue CAGR of 6.3% to reach US$ 8.10 billion by 2031.
Pleural Effusions Treatment Market Fundamentals
Pleural effusion, commonly referred to as water on the lungs, is when too much fluid accumulates between the pleura layers surrounding the lungs. The lining of the chest cavity and lungs, known as the pleura, is made up of thin membranes that improve lubrication and assist breathing. A small quantity of fluid is normally present in these membranes. However, when the amount surpasses the usual value, pleural effusion occurs and has to be medically treated. The severity of a pleural effusion depends on a number of variables, including its source, if breathing is blocked, and whether it is treatable. Suppose heart failure, pneumonia, or a virus are to blame for the effusion. In that case, the underlying condition can be treated or under control.
Pleural effusion is a challenging medical illness since individuals do not exhibit any outward symptoms, and the problem is first discovered via a chest x-ray taken for any other reason. However, the most common symptoms, which might be unrelated or connected depending on the origin of the effusion, are dyspnea, orthopnea, a dry or nonproductive cough, and chest discomfort. According to the National Cancer Center, pleural effusions are exceedingly prevalent and afflict more than 1 million people in the U.S. each year.
The research study on the pleural effusions treatment market overview thoroughly analyzes the market, along with the aspects that either help or hinder the market's growth, such as its drivers, challenges, and opportunities. The research also discusses the list of businesses that operate in this market and their efforts to establish themselves as major players through expansion plans and innovative ideas. It also emphasizes current events that support the market's revenue expansion.
This report is an important tool for the industry stakeholders to gather all the information about the market, customers, and competition. The report also provides the readers with valuable insights on the segmentation, regions, market size & forecast, revenue CAGRs, and other valuable data to help make informed strategic decisions. The study compiles information gathered from industry participants and specialists across the industry value chain. The report also taps into the qualitative and quantitative assessments by industry analysts. Our reports use different methods for estimating the market size and forecast, including secondary research, surveys and interviews, and statistical modeling. With these steps, our reports provide the most accurate market data. These datasets will cumulatively provide in-depth Pleural Effusions Treatment market forecast to the industry stakeholders.
Pleural Effusions Treatment Market Dynamics
Pleural effusions are becoming more common, and there has been tremendous improvement in managing them internationally, which is projected to benefit market growth. Pleural effusions (PE) are becoming more common, one of the main drivers of market expansion. For instance, according to a WebMD LLC article from October 2021, there are 1.5 million pleural effusion diagnoses each year in the United States, and 320 instances of pleural effusion are thought to occur for every 100,000 persons in developed nations. Due to the severity of the ailment, there is a global need for pleural effusion therapies. Additionally, it is anticipated to drive market expansion during the study period.
The expansion of accurate illness diagnoses may raise the worldwide market's size. Pleural effusions are so frequent that practically all medical professionals advise getting tested even when getting checked out for other issues. Patients with systemic lupus erythematosus frequently see Pleural effusions. Pleural effusions harm more than 25% to 45% of systemic lupus erythematosus patients. Growing illness awareness may support the expansion of the world market.
Pleural Effusions Treatment Market Ecosystem
Pleural Effusions Treatment Market, by Disease Type
Pleural Effusions Treatment Market, by Treatment
Pleural Effusions Treatment Market, by End User
Pleural Effusions Treatment Market by Disease Type
The transudative pleural effusions segment shows lucrative growth during the forecast period. Fluid from a transudative pleural effusion (TPE) resembles the fluid one typically has in their pleural area. It develops as a result of fluids seeping through the typical pleura. Unless it is quite huge, this kind seldom has to be emptied. In affluent nations, congestive heart failure (CHF) accounts for most transudative pleural effusions and is the most frequent cause. Thus, the segment is projected to expand throughout the projection period due to the rising CHF incidence.
When the systemic parameters affecting the pleural fluid's production or absorption are changed, a transudative pleural effusion results. The basic pathogenic process does not affect the surfaces of the pleura. By analyzing the pleural fluid's properties, transudative effusion may be easily diagnosed. Refractory symptomatic transudative pleural effusions indicate pleural drainage, according to the paper "Randomized trial of indwelling pleural catheters for refractory transudative pleural effusions" published in February 2022. Additionally, evidence from observation supports the use of indwelling pleural catheters (IPCs) to treat transudative effusions. Such TPE-related research is projected to stimulate demand for novel treatments supporting the segment's expansion.
Segmentation of the market refers to the division of the industry into subgroups based on factors such as disease type, treatment, end user and region etc. Market segmentation data helps businesses to understand the preferences and unique needs of different customer groups and develop targeted sales strategies. This information also helps in identifying potential Pleural Effusions Treatment market growth opportunities.
Pleural Effusions Treatment Market by Region
Over the projection period, North America is expected to grow and keep dominating the market. Due to growing healthcare costs, more research and development, and a rise in the frequency of cardiac illnesses, the United States dominates the market among other nations in the area. Additionally, the market for pleural effusions is primarily driven by the growing elderly population in the United States. Pleural effusions are frequently malignant in patients with cancer and heart failure. The market for pleural effusions is anticipated to benefit from the rising illness burden in the U.S. According to data from the American Cancer Society's Cancer Statistics 2022, there will likely be 1.9 million new instances of cancer identified in the U.S. that year.
In addition, the aging population in the United States has made heart failure an increasing health and financial burden. Nearly 115 million Americans have hypertension, 100 million are obese, 92 million have prediabetes, 26 million have diabetes, and 125 million have atherosclerotic cardiovascular diseases (CVD), which are known to be risk factors for the development of heart failure. These statistics came from the American Heart Association and were updated in April 2022. Therefore, the target population in the United States is at risk for pleural effusions due to the high prevalence of cardiovascular disorders. This is anticipated to stimulate market the expansion.
Due to an increase in lung cancer cases and respiratory conditions, the Asia Pacific pleural effusion treatment market is expected to grow significantly, with a revenue CAGR of 6.6%. The Asia Pacific region now has more access to a variety of pleural effusion treatments because of developments in healthcare technologies.
Based on the regions, the global pleural effusions treatment market is segmented into:
Regional demarcation of the industry will provide information on geographic pockets regarding the pleural effusions treatment market outlook, size, share, and growth rate. This data helps businesses evaluate the expansion potential into new regional markets, understand the competitive threats across different regions, and develop localized sales and expansion strategies.
Key Components of the Report
Pleural Effusions Treatment Market Competitive Landscape
The market competitive landscape is performed by collecting and analyzing information about the key competitors, the present industry trends, and market dynamics. It includes information collection and analysis on factors such as products, pricing, geographic outreach, customer demographics, marketing strategies, and recent developments. Competitive landscape assessment will help businesses identify the current prevalent or potential opportunities and threats keeping in mind the pleural effusions treatment industry trends.
Pleural Effusions Treatment Market Strategic Developments
Key Strengths of Our Report
Target Audience to Benefit from this Report.
Reasons to Buy this Report
Pleural effusion, commonly referred to as water on the lungs, is when too much fluid accumulates between the pleura layers surrounding the lungs.
The total Pleural Effusions Treatment market size worldwide in 2022 will be US$ 4.67 billion.
The North America region will have the largest pleural effusions treatment market size during the forecast period from 2023 to 2031.
The revenue CAGR in the global pleural effusions treatment market is expected to be 6.3%.
The resultant market size of the pleural effusions treatment market in 2031 will be US$ 8.10 billion.
Advancements in understanding the disease provide growth opportunities in the global pleural effusions treatment market.
The discomfort associated with treatments is the key challenges hamper the growth of the global pleural effusions treatment market.
Some of the prominent market players in the global market include B. Braun SE, Becton, Dickinson and Company, and F. Hoffmann-La Roche Ltd.
The transudative segment has the highest share in the global pleural effusions treatment market.
*Insights on financial performance are subject to the availability of information in the public domain