Market Size of Pleural Effusions Treatment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 4.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Pleural Effusions Treatment Market Analysis
The Pleural Effusions Treatment Market is poised to grow at a CAGR of 4.7% over the forecast period (2022 - 2027).
The Covid-19 pandemic affected healthcare systems globally and resulted in the interruption of usual care in many healthcare facilities. An increasing number of congestive heart failure, cancer, pneumonia, and pulmonary embolism during the pandemic increased the risk of pleural effusions among patients. Various research was conducted to find a correlation between Covid-19 infection and pleural effusion. For instance, the article 'Prevalence and Clinical Outcomes of Pleural Effusion in Covid-19 Patients: A Systematic Review and Meta-Analysis' published in January 2022 showed that pleural effusion is related to the risk and prognosis of Covid-19 disease. And pleural effusion can be used as a prognostic indicator to assess the likelihood of poorer outcomes in Covid-19 patients; as a result, the researchers of the above-mentioned research article advised that hospitalized Covid-19 patients with pleural effusion be handled promptly. These research and studies are predicted to have increased the demand for the treatment of pleural effusions during the pandemic. Thus, the pandemic is anticipated to show a considerable impact on the market studied.
Factors such as the increasing prevalence of pleural effusions and significant progress in the management of pleural effusions globally are expected to positively impact the market growth.
The rising prevalence of pleural effusions (PE) is one of the major factors that contribute to market growth. For instance, an article published by WebMD LLC in October 2021 stated that approximately 1.5 million pleural effusions are diagnosed in the United States every year and in industrialized countries, the estimated prevalence of pleural effusion is 320 cases per 100,000 people. This burden of the condition is creating demand for the availability of pleural effusion treatments globally. And it is expected to fuel the market growth during the analysis period.
Furthermore, the development activities by the market players in the form of product launches, acquisitions, mergers, and investments are also expected to enhance the market growth. For instance, in September 2021, BDR Pharma launched BIAPENEM to treat patients with intra-abdominal infections, lower respiratory infections, or complicated urinary tract infections. Biapenem is widely distributed and penetrates well into various tissues (e.g. lung tissue) and body fluids (e.g. sputum, pleural effusion, abdominal cavity fluid). Such advancements are expected to drive the market to grow in the future.
Therefore, owing to the above-mentioned factors the market studied is expected to grow over the forecast period. However, the partial success rate of treatments is anticipated to hinder market growth.
