2025 Pulmonology Devices Market Outlook: Key Indicators Shaping Growth Through 2034

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What Will the Pulmonology Devices Industry Market Size Be by 2025?
In recent times, there has been impressive growth in the pulmonology devices market size. The market, valued at $1.36 billion in 2024, is projected to increase to $1.5 billion in 2025, signifying a compound annual growth rate (CAGR) of 10.4%. This growth during the historic period stems from several factors including the increasing occurrence of chronic respiratory ailments, a growing emphasis on preventive healthcare, boosted usage of pulmonology devices, a rise in ailments necessitating endoscopic ultrasound procedures, and the expanding elderly population.

What's the Long-Term Growth Forecast for the Pulmonology Devices Market Size Through 2029?
Expectations are high for a robust expansion of the pulmonology devices market in the upcoming years. The market is forecasted to achieve a size of $2.18 billion by 2029, with a compound annual growth rate (CAGR) of 9.8%. This expected growth during the forecast period can be credited to numerous factors like the surge in the number of respiratory illnesses, escalating levels of air pollution, expansion in home healthcare, increase in awareness and early disease detection, as well as improvement in healthcare facilities. Looking ahead, major market trends to watch for include the incorporation of artificial intelligence, growth in telemedicine and remote patient monitoring, advancements in portable and wearable technologies, utilization of robotic tools in minimally invasive diagnostic procedures, and the expansion of home care services.

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What Are the Key Growth Drivers Fueling the Pulmonology Devices Market Expansion?
The surge in respiratory disease cases is foreseen to accelerate the expansion of the pulmonology devices market soon. Respiratory ailments are a collection of medical disorders impacting the breathing apparatus, inclusive of the airways, lungs, and respiratory muscles. The increase in respiratory disease instances stems from escalating air pollution, smoking, and work-related risks. Pulmonology devices contribute to handling respiratory conditions by permitting precise diagnosis, uninterrupted monitoring, and impactful cure using apparatus like spirometers, inhalers, pulse oximeters, and ventilators, which enhances patient results and life quality substantially. For example, as per the Australian Institute of Health and Welfare, a health and welfare firm based in Australia, about 8.5 million inhabitants of Australia, making up 34% of the population, were projected to possess chronic respiratory diseases in June 2024. This comprises an approximated 2.8 million individuals, equivalent to 11% of the populace, suffering from asthma, and 638,000 people, accounting for 2.5% of the populace, enduring chronic obstructive pulmonary disease (COPD). Consequently, the escalating prevalence of respiratory ailments is spurring the expansion of the pulmonology devices market.

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What Long-Term Trends Will Define the Future of the Pulmonology Devices Market?
Key players in the market for pulmonology devices are improving their offerings by incorporating cutting-edge technologies such as bilevel positive airway pressure (BiPAP). This is done in an effort to heighten patient comfort, enhance the effectiveness of treatment, and cater to a range of respiratory conditions. The use of BiPAP technology offers two pressure settings: one for inhaling (IPAP) and one for exhaling (EPAP), establishing continuous pressure that can offer better comfort for its users. Take for example, ResMed, an American company known for its development of cloud-connected devices. In February 2024, they launched AirCurve 11, a series of advanced BiPAP machines intended to increase comfort and patient compliance in treating sleep apnea and other respiratory conditions. Their AirCurve 11 VAuto model features differing pressure during exhalation, tailored to match the patient's natural breathing rhythm more closely. The AirCurve 11 ASV model is an adaptive servo-ventilation (ASV) device that examines 13 aspects of each breath intake, occurring 50 times within a second, to better regulate the patient's breathing.

How Is the Pulmonology Devices Market Segmented?
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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Which Companies Are Leading the Charge in Pulmonology Devices Market Innovation?
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

Which Regions Are Leading the Global Pulmonology Devices Market in Revenue?
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.

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