The Business Research Company's Global Market Reports Are Now Updated With The Latest Market Sizing Information For The Year 2023 And Forecasted To 2032
LONDON, Jan. 24, 2023 /PRNewswire/ -- As per The Business Research Company's pulmonologist market report, the increase in prevalence of lung disorders and the growing size of the geriatric population has compelled major players in the pulmonologist market to adopt advanced technologies to aid better treatment. Robotic Bronchoscopy is one such advanced diagnostic technology that pulmonologists are increasingly relying on for early and accurate detection of abnormal tissues in the lungs.
For instance, in March 2022, a team of pulmonologists in Mercy Health, a US-based hospital, started using a robotic bronchoscopy platform called the 'Monarch Platform' for early and accurate diagnosis of lung nodules. Robotic bronchoscopy combines advanced robotics, software, endoscopy and data science to enable these critical functions.
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The USA pulmonologist market size is expected to grow from $2.1 billion in 2023 to $2.6 billion at a compound annual growth rate (CAGR) of 7.6%. The pulmonologist market is then expected to grow to $3.8 billion in 2031 at a compound annual growth rate (CAGR) of 7.5%. Because of the pulmonologist market's consistent growth potential, several market players are implementing various technological advancements as well as offering home healthcare services to remain competitive in the pulmonologist market.
Home healthcare is advanced by the use of telemedicine related to pulmonology. Home healthcare is seen as an alternative treatment scheme to hospital treatment that helps reduce healthcare costs by eliminating the need for hospital visits. In addition, pulmonologists attend to patients with more complex pulmonary disease within home care, when needed. For instance, in April 2022, Northwest Medical Center Sahuarita, a US-based hospital, launched a new tele-pulmonary program in association with SOC Telemed, a US-based telemedicine provider. The new service aims to help patients admitted to its hospital access specialized pulmonology care close to their homes.
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The pulmonologists market consists of sales of pulmonologists' services by entities of health practitioners who after completing their training and education deal with the diagnosis and treatment of disorders of the respiratory system.
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