Global Mucus Clearance Devices Market: Overview
Mucus clearance devices help cleared mucus-clogged airways for people with respiratory illnesses. These devices known to improve lifespan of people with critical illnesses such as COPD. Additionally, it promises to improve life quality significantly, in addition to exercise. The growth of the mucus clearance devices market is expected to be robust as it promises relief in several respiratory illnesses like Bronchitis, Atelectasis, Cystic Fibrosis, Asthma, COPD, among others.
Global Mucus Clearance Devices Market: Notable Developments
Zephyr Receives FDA Approval
Zephyr, a breakthrough designated device by the FDA has been approved by the FDA patients suffering from severe emphysema. Emphysema is part of chronic respiratory COPD illnesses which are on the rise. It is a progressive lung disease, which is often caused by smoking. It is estimated that among all the patients suffering from emphysema, over 80 to 90 percent are regular smokers. World Health Organization estimates that COPD is expected to become the third leading cause of death worldwide. Hence, the FDA approval of Zephyr is expected to create several new opportunities in transport, distribution, and retail in the global mucus clearance devices market.
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FDA Designated Breakthrough Device to Enter the Market Soon
The FDA has given a ‘breakthrough device’ designation to the RejuvenAir System. The device promises to rapidly freeze the epithelial layers of airways. In preliminary trials, it was found to be preserve the extracellular matrix while simultaneously destroying the mucus producing goblet cells. The extracellular matrix cell can help regenerate health cells. This is a major boost for the mucus clearance devices market as the Bronchitis disease did not have a cure earlier. It is estimated that there are over 8.6 million patients in the US suffering from this illness and it is most common form of COPD. The parent company is expected to carry out small trials in 30 locations across the US and Canada in the near future. Additionally, the result of the earlier study are already published in the American Journal of Respiratory and Critical Care Medicine in 2017. The breakthrough designation by the FDA, the curability of a major disease, and growing cases of COPD spell significant growth for the mucus clearance devices market in the near future.
Global Mucus Clearance Devices Market: Drivers and Restraints
The mucus clearance devices market is expected to register robust growth in the near future. It is estimated that there are 65 million people suffering from COPD or the Chronic Obstructive Pulmonary Disease. Additionally, 3 million of these die each year worldwide. Respiraroty illnesses like Asthama affect over 334 million people globally. It is also one of the major chronic illnesses effecting children in the near future. It affects 14% of all children globally. Chronic illnesses like lung cancer kill about 1.6 million people each year. The deadliest version of cancer is also on the rise, thanks to rising consumption of tobacco. World Health Organization estimates that toxic air affects 2 billion people worldwide. Among these, nearly 1 billion are affected by tobacco smoke, making them an easy target for a deadly disease.
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Global Mucus Clearance Devices Market: Geographical Analysis
The global mucus clearance devices market is expected to register robust growth in North America and Asia Pacific. In both these regions, respective FDAs in China and US are encouraging strong trend of innovation in the pharmaceutical industry. This includes streamlining approval processes, encouraging norms for trials, among others. The encouragement has resulted in many new innovations and subsequent approvals. The rising innovation, the increasing funding for new devices, and rising chronic respiratory illnesses are expected to drive robust growth for the mucus clearance devices market in the near future.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.