Pulmonology Devices Global Market Report 2024 - By Share, Size, Growth, Trends, Forecast To 2033

"The new report published by The Business Research Company, titled ""Pulmonology Devices Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the pulmonary devices market size has grown rapidly in recent years. It will grow from $1.23 billion in 2023 to $1.36 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The pulmonary devices market size is expected to see rapid growth in the next few years. It will grow to $2.05 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%.

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Respiratory Disease Prevalence Drives Pulmonology Devices Market Growth
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, according to the Scottish Public Health Observatory, a Scotland-based public health agency, COPD rates began rising in 2021-22 as the effects of COVID-19 lessened. The rate among males rose from 83.2 to 97.6 cases per 100,000, while it increased from 72.6 to 97.3 among females. Therefore, the rise in the prevalence of respiratory diseases is driving the growth of the pulmonology devices market.

Enhanced Bi-level Respiratory Support For Sleep Apnea In Pulmonology Devices Market
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.

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

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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

Contents of the report:
1. Executive Summary
2. Pulmonology Devices Market Report Structure
3. Pulmonology Devices Market Trends And Strategies
4. Pulmonology Devices Market - Macro Economic Scenario
5. Pulmonology Devices Market Size And Growth
…..
27. Pulmonology Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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