The global Malignant Pleural Effusion Market Size is predicted to reach US$ 4.5 billion in 2023 and a market value of US$ 8.06 billion by 2033, with a CAGR of 6% from 2023 to 2033. The current market is driven by the rising incidence of pleural effusion disease and increased knowledge of advancements in pleural effusion treatment with various treatments. Between 2017 and 2022, the market for Malignant Pleural Effusion grew at a CAGR of 4%.
Malignant pleural effusion is a serious condition characterized by the accumulation of fluid in the pleural cavity, the space between the lungs and the chest wall, as a result of cancerous cells spreading to the pleura. It is most commonly associated with advanced-stage cancers such as lung, breast, and ovarian cancer. Malignant pleural effusion can cause significant symptoms, including shortness of breath, chest pain, coughing, and fatigue, which can greatly impact a patient’s quality of life. Treatment options for this condition aim to relieve symptoms and improve comfort, and may include drainage of the fluid, chemotherapy, radiation therapy, and in some cases, surgical interventions such as pleurodesis or pleuroperitoneal shunting.
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Managing malignant pleural effusion requires a multidisciplinary approach involving oncologists, pulmonologists, and other healthcare professionals. The prognosis for patients with malignant pleural effusion varies depending on the underlying cancer and its stage, as well as the response to treatment. Early detection and prompt intervention can help improve outcomes and provide better palliative care for affected individuals. Research and advancements in treatment options continue to evolve, offering hope for better management of malignant pleural effusion in the future.
Malignant Pleural Effusion Market Drivers
One of the most important market drivers is the rising prevalence of Malignant Pleural Effusion illness. Following the global Covid-19 pandemic, numerous studies were done to determine a link between Covid-19 infection and pleural effusion.
For example, the January 2022 study “Prevalence and Clinical Outcomes of Pleural Effusion in Covid-19 Patients: A Systematic Review and Meta-Analysis” demonstrated that pleural effusion is associated to the risk and prognosis of Covid-19 disease.
Pleural effusion can be utilised as a prognostic sign to determine the risk of inferior outcomes in Covid-19 patients; as a result, the researchers of the aforementioned study recommended that hospitalised Covid-19 patients with pleural effusion be treated as soon as possible. Based on these extensive analyses, the pandemic had a significant impact on the market under consideration.
Malignant Pleural Effusion Market Challenges
The high cost of treating Malignant Pleural Effusion, as well as a lack of knowledge of the disease and limited treatment alternatives, are impeding market growth.
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Malignant Pleural Effusion Market Regional Insights:
The Asia Pacific region is predicted to grow at the highest rate of all regions during the forecast period, with a CAGR of 5%. Increased awareness, considerable increases in healthcare spending, and a rising prevalence of malignant pleural effusion in the region are all contributing to the growth.
Because of the development in point-of-care approaches to health and care, Asia Pacific is an emerging market. A growing number of hospitals in India and China creates a promising opportunity for the global Pleural effusions treatment industry.
North America is expected to gain a market share of approximately 45% throughout the projection period. This increase is due to the region’s increasing prevalence of pleural effusions. According to a WebMD LLC article published in October 2021, roughly 1.5 million pleural effusions are diagnosed in the United States each year, and the estimated prevalence of pleural effusion in industrialised countries is 320 instances per 100,000 persons.
Malignant Pleural Effusion Market Competition:
Key players in the Malignant Pleural Effusion market are B. Braun SE, Becton, Dickinson and Company, Bicakcilar, Biometrix, Cook Medical, Grena, Redax, Rocket Medical, and Smith Medical.
- 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).
- In April 2022, the study titled “IFN-γ Combined with T Cells in the Treatment of Refractory Malignant Pleural Effusion and Ascites” was registered in ClinicalTrials.gov for Malignant Pleural Effusion.
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More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global Malignant Pleural Effusion market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
The study reveals essential insights on the basis of treatment (Systemic Therapy, Therapeutic Thoracentesis, Thoracic Drainage and Pleurodesis, Indwelling Pleural Catheter), End-users (Hospitals, Ambulatory Clinics, Others), diagnosis (Imaging Tests, Pleural Thoracentesis, Pleural Fluid Cytology,Immunohistochemical Tests, Pleural Biopsy, Thoracoscopy/Pleuroscopy) & region.
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