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The emphysema treatment industry is expected to be driven by the growing R&D activities to develop the novel treatment for emphysema. There has been a rise in the number of patients suffering from COPD and asthma in the past few years. The new approvals by the FDA for novel products and the increasing government initiatives to control COPD and asthma are significantly contributing to the market growth. The use of drugs, which has emerged as an effective solution to treat COPD and asthma, and their wide acceptance among the patients are, in turn, aiding the emphysema treatment industry growth.
Further, the expanding pharmaceutical industry in developing nations, such as China and India, provides huge growth opportunities for the market expansion. The introduction of generic drugs to this market is expected to further propel the industry growth in the coming years. Some of the leading players in the industry include Pulmonx Corp (NASDAQ: LUNG) and Pfizer Inc. (NYSE: PFE). In May 2021, Pulmonx announced that the company had secured USD 66 million in financing from Ally Bridge Group, a leading global life science investor, to support the commercial acceleration of the zephyr valve system, a minimally invasive treatment for severe emphysema. Such developments are expected to significantly aid the industry growth in the forecast period.
Market Breakup by Treatment, Types of Diseases, End Use, and Region:
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The major players in the global emphysema treatment market are Pulmonx Corporation, Kamada Limited, Pfizer Inc., and Uptake Medical Technology Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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