How much is the pulmonology devices market worth, and how is it expected to expand?
The pulmonology devices market size has grown rapidly in recent years. It will grow from $1.36 billion in 2024 to $1.51 billion in 2025 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to rising incidence of chronic respiratory diseases, growing shift towards preventive healthcare, increase in adoption of pulmonology devices, surge in incidence of diseases requiring endoscopic ultrasound procedures, increase in geriatric population.
The pulmonology devices market size is expected to see rapid growth in the next few years. It will grow to $2.26 billion in 2029 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to rise in prevalence of respiratory diseases, rising air pollution levels, growth in home healthcare, growing awareness and early diagnosis, expansion of healthcare infrastructure. Major trends in the forecast period include integration of artificial intelligence, growth of telemedicine and remote monitoring, advancements in portable and wearable devices, use of robotic technology in less-invasive diagnostic procedures, increase in home care services.
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What are the key drivers behind the rapid expansion of the pulmonology devices market?
The rise in the prevalence of respiratory diseases is expected to propel the growth of the pulmonology devices market going forward. Respiratory diseases are a group of medical conditions that affect the organs and tissues involved in breathing, including the airways, lungs, and respiratory muscles. The cases of respiratory diseases are occurring due to rising air pollution, smoking, and occupational hazards. Pulmonology devices aid in respiratory disease management by enabling accurate diagnosis, continuous monitoring, and effective treatment through tools like spirometers, inhalers, pulse oximeters, and ventilators, ultimately improving patient outcomes and quality of life. For instance, in June 2024, according to the Australian Institute of Health and Welfare, an Australia-based health and welfare agency, approximately 8.5 million people in Australia, or 34% of the population, were estimated to have chronic respiratory conditions. This includes an estimated 2.8 million people, or 11% of the population, living with asthma, and 638,000 people, or 2.5% of the population, living with chronic obstructive pulmonary disease (COPD). Therefore, the rise in the prevalence of respiratory diseases is driving the growth of the pulmonology devices market.
What is the segmentation for the pulmonology devices market?
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
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Who are the most influential companies in the pulmonology devices market?
Major companies operating in the pulmonology devices market are Medtronic, Koninklijke Philips N.V., GE Healthcare, Baxter, Boston Scientific Corporation, Medline Industries LP., Olympus Corporation, Omron Healthcare, ResMed, Getinge, ICU Medical Inc., Fisher & Paykel Healthcare Limited, Ambu A/S, Vyaire Medical Inc., Drive DeVilbiss Healthcare, PENTAX Medical, Hamilton Medical, Nonin Medical, CAIRE Inc., Pulmonx Corporation, Verathon Inc., Draegerwerk AG & Co. KGaA, NIOX
What are the most influential trends expected to drive the pulmonology devices market forward?
Major companies operating in the pulmonology devices market are developing innovative products with advanced technologies, such as bilevel positive airway pressure (BiPAP) technology, to enhance patient comfort, improve treatment efficacy, and address various respiratory conditions. The BiPAP technology provides two pressure settings, one for inhalation (IPAP) and one for exhalation (EPAP), which can be more comfortable for users with continuous pressure. For instance, in February 2024, ResMed, a US-based company providing cloud-connected devices, launched AirCurve 11 bilevel sleep apnea devices, a line of advanced bilevel positive airway pressure (BiPAP) machines aimed to improve comfort and compliance for sleep apnea and other respiratory disorders. The AirCurve 11 VAuto model provides higher and lower pressure during exhalation, designed to better align with the patient’s natural breathing pattern. The AirCurve 11 ASV is an adaptive servo-ventilation (ASV) device that tracks 13 points on each breath cycle 50 times per second to stabilize the patient’s ventilation.
What are the major regional insights for the pulmonology devices market, and which region holds the top position?
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 Does The Pulmonology Devices Market Report 2025 Offer?
The pulmonology devices market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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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