Pulmonology Devices Market Forecast and Analysis: Key Insights into Growth, Trends, and Emerging Opportunities
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How Will the Growth Rate of the Pulmonology Devices Market Shape Industry Trends by 2034?
In the past few years, the size of the pulmonology devices market has witnessed significant growth. By 2025, it is expected to reach $1.51 billion from $1.36 billion in 2024, growing at a compound annual growth rate (CAGR) of 11.0%. The growth during the historical period is associated with factors such as an increase in the rate of chronic respiratory diseases, a growing preference for preventive healthcare, increased adoption of pulmonology devices, a surge in diseases that need endoscopic ultrasound procedures, and a rise in the elderly population.
A significant expansion in the size of the pulmonology devices market is anticipated within the next few years, as it’s predicted to increase to $2.26 billion in 2029 with a compound annual growth rate (CAGR) of 10.7%. Several factors contributing to the growth during the forecast period include a surge in respiratory diseases, escalating levels of air pollution, an increase in home healthcare, heightened awareness and early diagnosis, and an expansion of healthcare infrastructure. The forecast period is also expected to see key trends such as the integration of artificial intelligence, the development of telemedicine and remote monitoring, advancements in portable and wearable technology, the application of robotic technology in less invasive diagnostic procedures, and the rise of home care services.
Which Drivers Are Expected to Have the Greatest Impact on the Pulmonology Devices Market’s Growth?
The increasing number of individuals suffering from respiratory diseases is anticipated to boost the development of the pulmonology devices market. Respiratory diseases pertain to issues affecting the breathing organs and tissues, including the airways, lungs, and respiratory muscles. These ailments are becoming more common due to factors such as elevated air pollution, smoking, and workplace risks. Pulmonology devices contribute significantly to managing respiratory diseases, providing precise diagnoses, constant monitoring, and efficient treatments with tools like spirometers, inhalers, pulse oximeters, and ventilators, ultimately enhancing patient results and quality of life. For example, as per the Australian Institute of Health and Welfare’s data in June 2024, an estimated 8.5 million, or 34% of Australians were living with chronic respiratory illnesses. This includes around 2.8 million people, or 11% of the country’s population, diagnosed with asthma, and 638,000 people, or 2.5% of the population, battling chronic obstructive pulmonary disease (COPD). Consequently, the increasing incidence of respiratory diseases is contributing to the growth of the pulmonology devices market.
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Who Are the Key Market Players Influencing the Growth of the Pulmonology Devices Industry?
Major companies operating in the pulmonology devices market are:
• Medtronic
• Koninklijke Philips N.V.
• GE Healthcare
• Baxter
• Boston Scientific Corporation
What Key Market Trends Are Shaping the Future of the Pulmonology Devices Industry?
Prominent firms in the pulmonology devices market are designing and creating state-of-the-art products by leveraging modern technologies, such as bilevel positive airway pressure (BiPAP) technology. These advancements aim to increase patient’s comfort level, elevate the effectiveness of treatments, and tackle a range of respiratory issues. The BiPAP technology utilises dual pressure settings, one each for inhaling (IPAP) and exhaling (EPAP), leading to enhanced comfort for users through continuous pressure. As an example, ResMed, a company based in the US, launched AirCurve 11 bilevel sleep apnea devices in February 2024. These devices, equipped with advanced BiPAP technology, are designed to optimise comfort and adherence for those dealing with sleep apnea and various other respiratory disorders. The advanced AirCurve 11 VAuto model provides varying pressure during exhaling, designed to match the patient’s natural breath rhythm. The AirCurve 11 ASV is an adaptive servo-ventilation (ASV) device that monitors 13 different points during each breath cycle 50 times every single second to control and maintain the patient’s ventilation levels.
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What Are the Primary Segments of the Pulmonology Devices Market and Their Roles in Growth Dynamics?
The pulmonology devices market covered in this report is segmented –
1) By Product Type: Endobronchial Ultrasound (EBUS) Needles, Pulmonary Biopsy Devices, Airway Stents, Single-Use Bronchoscopes, Other Product Types
2) By Indication: Chronic Obstructive Pulmonary Disease (COPD), Lung Cancer, Tracheal And Bronchial Stenosis, Foreign Body Extraction, Other Indications
3) By End-User: Pulmonology Clinics, Hospitals, Ambulatory Surgical Centers
Subsegments:
1) By Endobronchial Ultrasound (EBUS) Needles: Radial EBUS Needles, Linear EBUS Needles, Biopsy EBUS Needles, EBUS Needles With Safety Features, EBUS Needles For Peripheral Lung Lesions
2) By Pulmonary Biopsy Devices: Core Biopsy Needles, Fine Needle Aspiration (FNA) Biopsy Devices, Vacuum-Assisted Biopsy Devices, Transthoracic Biopsy Devices, Endoscopic Pulmonary Biopsy Devices
3) By Airway Stents: Self-Expanding Airway Stents, Balloon-Expandable Airway Stents, Silicone Airway Stents, Metal Airway Stents, Hybrid Airway Stents (Silicone + Metal)
4) By Single-Use Bronchoscopes: Single-Use Flexible Bronchoscopes, Single-Use Rigid Bronchoscopes, Single-Use Pediatric Bronchoscopes, Single-Use Disposable Video Bronchoscopes, Single-Use Bronchoscopes With Integrated Suction
5) By Other Product Types: Pulmonary Function Testing Devices, Nebulizers For Pulmonary Disease Treatment, Spirometers, Pulmonary Inhalation Devices, Non-Invasive Ventilation (NIV) Devices
Which Regions Are Emerging as Leaders in the Pulmonology Devices Market?
North America was the largest region in the pulmonology devices market in 2024. The regions covered in the pulmonology devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Defines the Scope of the Pulmonology Devices Market?
Pulmonology devices are medical instruments and equipment used in the diagnosis, treatment, and management of respiratory system conditions and diseases. These devices play a crucial role in assessing lung function, monitoring respiratory health, providing therapeutic interventions, and supporting patients with respiratory disorders.
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