The Chronic Obstructive Pulmonary Disease (COPD) devices market is expected to see a steady increase in revenue from USD 8.3 billion in 2022 to USD 14.02 billion in 2032, with a Compound Annual Growth Rate (CAGR) of 6%. This growth is driven by several factors, including the increasing prevalence of COPD globally, a growing number of elderly people, and a rising demand for non-invasive devices. COPD is a chronic respiratory disease caused by long-term exposure to air pollutants such as smoking, dust, and other irritants. It is characterized by symptoms like emphysema, chronic bronchitis, and other respiratory conditions.
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The increasing prevalence of COPD across the globe is expected to drive revenue growth of the market for COPD equipment, including inhalers, nebulizers, oxygen concentrators, and others. According to the World Health Organization (WHO), COPD is currently the third leading cause of death worldwide, and by 2030, it is projected to become the fifth most common cause of death. Moreover, the elderly population is estimated to reach 1.5 billion by 2050, which is expected to boost the market revenue. Furthermore, non-invasive and portable COPD devices are in high demand, particularly in home care settings, as they are easy to use and provide reliable results.
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Governments across the world are taking action to raise awareness of COPD and to assist early detection and effective treatment of the condition, which is boosting market revenue. However, the high cost of COPD devices, absence of reimbursement regulations, and availability of alternative treatment alternatives are major factors that could restrain market revenue growth. Additionally, the effectiveness of surgical treatments for COPD, such as bullectomy and Lung Volume Reduction Surgery (LVRS), may lower the need for COPD devices.
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