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What Are the Key Projections for the CAGR of the Pulmonology Devices Market Size From 2025 to 2034?

The market size for pulmonology devices has seen accelerated expansion lately. It is forecasted to expand from $1.36 billion in 2024 to $1.5 billion in 2025, with a compound annual growth rate (CAGR) of 10.4%. The historical growth is due to various factors such as an upsurge in chronic respiratory diseases, a swing towards preventive healthcare, a rise in the utilization of pulmonology devices, an increase in ailments needing endoscopic ultrasound procedures, and a growth in the elderly population.

In the coming years, there is an anticipation for substantial growth in the size of the pulmonology devices market. It’s projected to escalate to $2.18 billion by 2029, with a compound annual growth rate (CAGR) of 9.8%. Factors contributing to this growth for the forecasted period include an increase in respiratory diseases, elevation in air pollution, expansion in home healthcare, enhanced awareness and early detection, and improvement in healthcare infrastructure. The forthcoming period is set to witness significant trends such as the inclusion of artificial intelligence, growth of telehealth and remote patient monitoring, advancements in portable and wearable technology, the use of robotic technology in non-invasive diagnostic procedures, and a rise in home care services.

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What are the Fundamental Drivers and Innovations Shaping the Pulmonology Devices Market?

The escalating number of respiratory diseases is anticipated to foster the expansion of the pulmonology devices market. Respiratory diseases are medical disorders affecting breathing organs and tissues, including the airways, lungs, and respiratory muscles. These disorders are emerging due to the increase in air pollution, smoking, and workplace hazards. Pulmonology devices contribute to managing respiratory diseases by ensuring precise diagnosis, ongoing monitoring, and effective treatment with tools like spirometers, inhalers, pulse oximeters, and ventilators, thus enhancing patient outcomes and quality of life. For example, the Australian Institute of Health and Welfare reported in June 2024 that around 8.5 million people in Australia, which constitutes 34% of the population, were believed to have chronic respiratory conditions. Within this group, about 2.8 million people or 11% of the population, were living with asthma, and 638,000 people, or 2.5% of the population, were living with chronic obstructive pulmonary disease (COPD). Hence, the escalating number of respiratory diseases is fueling the expansion of the pulmonology devices market.

How Is the Pulmonology Devices Market Segmented?

The pulmonology devicesmarket 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

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Which Regions Are Driving the Next Phase of the Pulmonology Devices Market Growth?

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 Key Trends Are Shaping the Future of the Pulmonology Devices Market?

Leading firms in the pulmonology devices marketplace are evolving their product line by incorporating advanced technologies such as bilevel positive airway pressure (BiPAP) technology. This development is targeted at augmenting patient comfort, refining treatment effectiveness, and addressing varied respiratory complications. BiPAP technology employs two different pressure settings – one for inhalation (IPAP) and another for exhalation (EPAP) – to make constant pressure more tolerable for users. For instance, in February 2024, ResMed, a US company that offers cloud-connected devices, unveiled the AirCurve 11 bilevel sleep apnea devices. This high-level BiPAP machine range is designed to heighten comfort and acceptance for individuals battling sleep apnea and other breathing conditions. The AirCurve 11 VAuto variant adjusts pressure during exhalation in harmony with the patient’s natural breath cycle. The AirCurve 11 ASV operates as an adaptive servo-ventilation (ASV) device monitoring 13 points in each breath cycle, 50 times every second, to stabilize the user’s ventilation.

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How Is the Pulmonology Devices Market Defined and What Are Its Core Parameters?

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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