Market Overview:
The global pulmonary patch market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of respiratory diseases, rising geriatric population, and technological advancements in pulmonary patches. Based on type, the global pulmonary patch market is segmented into full-pulmonary patch and hemi-pulmonary patch. This can be attributedto its advantages such as easy application and removal, less pain and swelling, and low infection rates.
Product Definition:
A pulmonary patch is a surgically implanted device used to treat chronic obstructive pulmonary disease (COPD). The patch helps keep the lungs open and functioning properly.
Full-Pulmonary Patch:
The full-pulmonary patch is a small device that is used to treat respiratory disorders such as chronic obstructive pulmonary disease (COPD) and asthma. The device works by sealing the punctures made in the lung during a surgical procedure. It's main function is to prevent infections from entering the body, which are common with invasive procedures performed on the lungs like biopsy or surgery for treating lung cancer.
Hemi-Pulmonary Patch:
The hemi-pulmonary patch is a small device that is used to treat pulmonary embolism, Deep Vein Thrombosis (DVT) and Pulmonary Embolism (PE). The hemi-pulmonary patch works by removing blood from the lungs. It's an alternative treatment for people who cannot receive blood transfusion or have contraindications for it.
Application Insights:
The other application segment held the largest share of the global market in 2017. Other applications include emergency treatment, chronic respiratory diseases and sleep disorders. The chronic respiratory diseases segment is expected to witness significant growth over the forecast period owing to an increase in prevalence of such conditions and growing awareness among patients regarding treatments such as CPAP machines.
According to a study published by NCBI, it was found that out of all types of mechanical ventilation used for treating severe asthma, lung volume reduction surgery using transpulmonary route (TLVS) is most effective than others. Thus increasing number of patients suffering from asthma opting for TLVS may drive demand for this product type during the forecast period. However due to higher cost compared to full- or half-mask airway devices there are few options available for treatment which may hinder its usage in clinics and hospitals at large scale thus restraining overall industry growth during the estimated time frame.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high patient awareness levels coupled with relatively higher healthcare spending in this region. Moreover, increasing R&D investment by major players for development of innovative products is expected to drive growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period due to rising prevalence of chronic diseases such as COPD and diabetes among other factors. Increasing number of product launches coupled with growing demand for cost-effective treatment options will further boost regional growth during the estimated time span.
Growth Factors:
- Increasing incidence of respiratory diseases: The Pulmonary Patch market is expected to grow owing to the increasing incidence of respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), and pneumonia. According to the World Health Organization (WHO), over 300 million people suffer from asthma and it is estimated that this number will increase to 400 million by 2025.
- Growing demand for minimally invasive surgeries: The Pulmonary Patch market is expected to grow owing to the growing demand for minimally invasive surgeries. Minimally invasive surgery involves making small incisions in order to reduce trauma, pain, blood loss, and risk of infection. This type of surgery is becoming increasingly popular due its benefits over traditional open surgery.
- Rising geriatric population: The Pulmonary Patch market is expected to grow owingto the rising geriatric population across the globe. As people age, their susceptibilityto respiratory diseases increases, thus drivingthe demand for pulmonary patches/devices..
Scope Of The Report
Report Attributes
Report Details
Report Title
Pulmonary Patch Market Research Report
By Type
Full-Pulmonary Patch, Hemi-Pulmonary Patch
By Application
Hospital, Clinic, Other
By Companies
LifeNet Health, CryoLife, Inc., Medtronic, Edwards Lifesciences, LeMaitre Vascular
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Pulmonary Patch Market Report Segments:
The global Pulmonary Patch market is segmented on the basis of:
Types
Full-Pulmonary Patch, Hemi-Pulmonary Patch
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LifeNet Health
- CryoLife, Inc.
- Medtronic
- Edwards Lifesciences
- LeMaitre Vascular
Highlights of The Pulmonary Patch Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Full-Pulmonary Patch
- Hemi-Pulmonary Patch
- By Application:
- Hospital
- Clinic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pulmonary Patch Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Pulmonary Patch is a medical device that is placed on the skin over the chest to help improve breathing. Pulmonary Patch helps to increase airflow by sealing off small air leaks in the lungs.
Some of the major companies in the pulmonary patch market are LifeNet Health, CryoLife, Inc., Medtronic, Edwards Lifesciences, LeMaitre Vascular.
The pulmonary patch market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pulmonary Patch Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Pulmonary Patch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pulmonary Patch Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Pulmonary Patch Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Pulmonary Patch Market Size & Forecast, 2018-2028
4.5.1 Pulmonary Patch Market Size and Y-o-Y Growth
4.5.2 Pulmonary Patch Market Absolute $ Opportunity
Chapter 5 Global Pulmonary Patch Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Pulmonary Patch Market Size Forecast by Type
5.2.1 Full-Pulmonary Patch
5.2.2 Hemi-Pulmonary Patch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pulmonary Patch Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Pulmonary Patch Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pulmonary Patch Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pulmonary Patch Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Pulmonary Patch Analysis and Forecast
9.1 Introduction
9.2 North America Pulmonary Patch Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Pulmonary Patch Market Size Forecast by Type
9.6.1 Full-Pulmonary Patch
9.6.2 Hemi-Pulmonary Patch
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Pulmonary Patch Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Pulmonary Patch Analysis and Forecast
10.1 Introduction
10.2 Europe Pulmonary Patch Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Pulmonary Patch Market Size Forecast by Type
10.6.1 Full-Pulmonary Patch
10.6.2 Hemi-Pulmonary Patch
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Pulmonary Patch Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Pulmonary Patch Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pulmonary Patch Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Pulmonary Patch Market Size Forecast by Type
11.6.1 Full-Pulmonary Patch
11.6.2 Hemi-Pulmonary Patch
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Pulmonary Patch Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Pulmonary Patch Analysis and Forecast
12.1 Introduction
12.2 Latin America Pulmonary Patch Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Pulmonary Patch Market Size Forecast by Type
12.6.1 Full-Pulmonary Patch
12.6.2 Hemi-Pulmonary Patch
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Pulmonary Patch Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Pulmonary Patch Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pulmonary Patch Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Pulmonary Patch Market Size Forecast by Type
13.6.1 Full-Pulmonary Patch
13.6.2 Hemi-Pulmonary Patch
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Pulmonary Patch Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pulmonary Patch Market: Competitive Dashboard
14.2 Global Pulmonary Patch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LifeNet Health
14.3.2 CryoLife, Inc.
14.3.3 Medtronic
14.3.4 Edwards Lifesciences
14.3.5 LeMaitre Vascular
