Overview and Scope
Black lung disease is a chronic and potentially fatal lung disease that affects coal miners and other individuals who work in coal mines or are exposed to coal dust. The disease is characterized by the accumulation of coal dust particles in the lungs, which can lead to inflammation, scarring and damage to lung tissues.
Sizing and Forecast
The black lung disease market size has grown rapidly in recent years. It will grow from $8.44 billion in 2023 to $9.66 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%. The growth in the historic period can be attributed to coal mining industry growth, awareness and education, compensation and benefits, legislative and legal developments.
The black lung disease market size is expected to see rapid growth in the next few years. It will grow to $16.7 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to public health initiatives, medical advancements, increasing treatment options, advocacy and support organizations. Major trends in the forecast period include advanced diagnostic techniques, research and prevention, healthcare access, technological advancements.
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Segmentation & Regional Insights
The black lung disease market covered in this report is segmented –
1) By Type: Simple Coal Worker’s Pneumoconiosis; Complicated Coal Worker’s Pneumoconiosis; Other Types
2) By Treatment: Oxygen Therapy; Bronchodilators; Lung Transplant; Stem Cell Therapy; Other Treatment
3) By Diagnosis: Biopsy; Imaging; Full Blood Count; Pulmonary Or Lung Function Tests; Physical Examination; Other Diagnosis
4) By End Users: Hospitals And Clinics; Research Organizations And Academic Institutes; Diagnostic Centers And Labs; Other End Users
Top Major Players:
Pfizer Inc.
Johnson and Johnson
Siemens AG
General Electric
F. Hoffmann-La Roche AG
North America was the largest region in the black lung disease market in 2023.
North America was the largest region in the black lung disease market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in black lung disease market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing mining activities are expected to propel the growth of the black lung disease market going forward. Mining activities involve extracting valuable minerals, ores and other geological materials from the earth’s crust. Black lung disease is caused by mining activities and inhaling coal mine dust, which contains dangerous carbon-containing particles and affects coal miners. For instance, in January 2022, according to the United States Geological Survey, a US-based water, earth and biological science and civilian mapping agency, global silver mine production climbed marginally in 2021, rising from 23,500 tons in 2020 to an expected 24,000 tons. Therefore, increasing mining activities are driving the growth of the black lung disease market.
Key Industry Players
Major players in the black lung disease market are Pfizer Inc., Johnson and Johnson, Siemens AG, General Electric, F. Hoffmann-La Roche AG, Merck and Co. Inc., Bayer AG, Novartis AG, Sanofi S.A., AstraZeneca PLC, Melinta Therapeutics LLC, GlaxoSmithKline PLC, Medtronic PLC, Eli Lilly and Company, Boehringer Ingelheim International GmbH, Toshiba Corporation, Koninklijke Philps N.V., Mayo Clinic, Baxter International Inc., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Perrigo Lab India Pvt. Ltd., Aurobindo Pharma Limited, Hikma Pharmaceuticals PLC, Lupin Limited.
The black lung disease market report table of contents includes:
1. Executive Summary
2. Black Lung Disease Market Characteristics
3. Black Lung Disease Market Trends And Strategies
4. Black Lung Disease Market – Macro Economic Scenario
5. Global Black Lung Disease Market Size and Growth
….
32. Global Black Lung Disease Market Competitive Benchmarking
33. Global Black Lung Disease Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Black Lung Disease Market
35.Black Lung Disease Market Future Outlook and Potential Analysis
36. Appendix
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