Pneumothorax Treatment Market Size

Pneumothorax Treatment Market size is poised to reach USD 60 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of pneumothorax treatment was USD 22 Billion. The growth of the market is due to the burgeoning occurrence of pneumothorax inside the worldwide population, due to the high prevalence of lung diseases which includes asthma, COPD, cystic fibrosis, tuberculosis, and many more. For instance, studies display that the prevalence of COPD was predicted to be 10% in 2020 for each male and female, or 480 million cases globally. As a result, the high incidence of pneumothorax infection because of rising lung sicknesses in the global populace necessitates a larger marketplace for related treatment, diagnostics, and preventive measures.

In addition, the rising smoking rate in the population would also support the industry and accelerate its expansion during the projection period. According to data published by the World Health Organization, an estimated 36.7% of males and 7.8% of women worldwide smoked tobacco in 2020, making up 22.3% of the global population.