Market Overview:
The global lung assessment device market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of respiratory diseases, growing geriatric population, and technological advancements in lung assessment devices. Based on type, the global lung assessment device market is segmented into spirometers, pulse oximeters, body plethysmographs, peak flow meters, and other devices. Spirometers are expected to dominate the market during the forecast period owing to their wide usage in hospitals and clinics for diagnosis of respiratory diseases. Based on application, the global lung assessment device market is segmented into home care settings; hospitals; ambulatory surgical centers; specialty clinics such as cardiology clinics or pulmonology clinics; and other applications such as research institutes or universities. Hospitals are expected to account for a major share of the global lung assessment device market during the forecast period owing to rising number of patients with respiratory diseases requiring hospitalization for treatment.
Product Definition:
A Lung Assessment Device is a tool used to measure the amount of air that is able to flow in and out of the lungs. The device can help doctors identify lung problems and track how well a treatment is working.
Spirometer:
A spirometer is a diagnostic device used to measure the forced vital capacity (FVC) andFEV1, which helps diagnose respiratory disorders such as asthma, COPD etc. The global spirometer market was valued at USD 1.6 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. Increasing prevalence of chronic respiratory diseases coupled with rising demand for home healthcare devices are some growth drivers identified for this market.
Pulse Oximeter:
The pulse oximeter is a diagnostic device used to measure the oxygen saturation level in blood. It works on the principle of infrared light and an LED display that pulses every second to indicate the percentage of oxygen in blood.
It is mainly used for monitoring patients with respiratory disorders such as sleep apnea or hypopnea and periodic breathing problems such as heart diseases or asthma.
Application Insights:
The market is segmented by application into home care, hospitals, ambulatory surgical centers (ASCs), specialty clinics and others. In 2017, the home care segment dominated the global lung assessment device market with a revenue share of over 60%. This high share can be attributed to growing awareness about early detection of Lung Cancer among individuals at an early age. For instance, according to a study published in NCBI in 2018; it was found that around 1 out of 3 people who develop Non-Small Cell Lung Cancer areymemberless population group. Thus increasing the adoption rate for early diagnosis among susceptible population groups will boost growth during forecast years.
Hospitals are expected to witness significant growth during the forecast period owing to rising prevalence rates for Chronic Obstructive Pulmonary Disease (COPD).
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high awareness levels pertaining to lung health, and favorable reimbursement policies are some of the major factors contributing to its growth. Moreover, spirometers are used for screening and diagnosis of lung cancer in this region which is driving demand for these devices.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing government initiatives as well as rising investments by multinational companies in this region.
Growth Factors:
- Increasing incidence of respiratory diseases: The global incidence of respiratory diseases is increasing at a rapid pace. This is primarily due to the changing lifestyle and environmental factors. This is expected to drive the demand for lung assessment devices in the coming years.
- Growing awareness about early diagnosis and treatment: There is a growing awareness among people about the importance of early diagnosis and treatment of respiratory diseases. This is expected to boost the demand for lung assessment devices in the near future.
- Technological advancements: The technological advancements in lung assessment devices are helping healthcare professionals to diagnose respiratory diseases at an early stage, thus improving patient outcomes significantly. This is likely to fuel market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lung Assessment Device Market Research Report
By Type
Spirometer, Pulse Oximeter, Body Plethysmograph, Peak Flow Meters, Other
By Application
Home Care, Hospitals, Ambulatory Surgical Centers, Specialty Clinics
By Companies
Medtronic, Novelda AS, MGC Diagnostics Corporation, Nihon Kohden Corporation, Ganshorn, Welch Allyn, Anhui Electric Science, Philips Healthcare, Dragerwerk, Smiths Medical, Vyaire Medical, COSMED, Masimo, Becton,Dickinson and Company, Eco Physics, Schiller AG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Lung Assessment Device Market Report Segments:
The global Lung Assessment Device market is segmented on the basis of:
Types
Spirometer, Pulse Oximeter, Body Plethysmograph, Peak Flow Meters, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Care, Hospitals, Ambulatory Surgical Centers, Specialty Clinics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Novelda AS
- MGC Diagnostics Corporation
- Nihon Kohden Corporation
- Ganshorn
- Welch Allyn
- Anhui Electric Science
- Philips Healthcare
- Dragerwerk
- Smiths Medical
- Vyaire Medical
- COSMED
- Masimo
- Becton,Dickinson and Company
- Eco Physics
- Schiller AG
Highlights of The Lung Assessment Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spirometer
- Pulse Oximeter
- Body Plethysmograph
- Peak Flow Meters
- Other
- By Application:
- Home Care
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lung Assessment Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A lung assessment device is a medical device that helps doctors diagnose and monitor the health of a person's lungs. This type of device can help doctors determine whether a person has any signs or symptoms of lung disease, and it can also help doctors track the progress of treatment for lung diseases.
Some of the major companies in the lung assessment device market are Medtronic, Novelda AS, MGC Diagnostics Corporation, Nihon Kohden Corporation, Ganshorn, Welch Allyn, Anhui Electric Science, Philips Healthcare, Dragerwerk, Smiths Medical, Vyaire Medical, COSMED, Masimo, Becton,Dickinson and Company, Eco Physics, Schiller AG.
The lung assessment device market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lung Assessment Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lung Assessment Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lung Assessment Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lung Assessment Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lung Assessment Device Market Size & Forecast, 2018-2028
4.5.1 Lung Assessment Device Market Size and Y-o-Y Growth
4.5.2 Lung Assessment Device Market Absolute $ Opportunity
Chapter 5 Global Lung Assessment Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lung Assessment Device Market Size Forecast by Type
5.2.1 Spirometer
5.2.2 Pulse Oximeter
5.2.3 Body Plethysmograph
5.2.4 Peak Flow Meters
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lung Assessment Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lung Assessment Device Market Size Forecast by Applications
6.2.1 Home Care
6.2.2 Hospitals
6.2.3 Ambulatory Surgical Centers
6.2.4 Specialty Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lung Assessment Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lung Assessment Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lung Assessment Device Analysis and Forecast
9.1 Introduction
9.2 North America Lung Assessment Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lung Assessment Device Market Size Forecast by Type
9.6.1 Spirometer
9.6.2 Pulse Oximeter
9.6.3 Body Plethysmograph
9.6.4 Peak Flow Meters
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lung Assessment Device Market Size Forecast by Applications
9.10.1 Home Care
9.10.2 Hospitals
9.10.3 Ambulatory Surgical Centers
9.10.4 Specialty Clinics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lung Assessment Device Analysis and Forecast
10.1 Introduction
10.2 Europe Lung Assessment Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lung Assessment Device Market Size Forecast by Type
10.6.1 Spirometer
10.6.2 Pulse Oximeter
10.6.3 Body Plethysmograph
10.6.4 Peak Flow Meters
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lung Assessment Device Market Size Forecast by Applications
10.10.1 Home Care
10.10.2 Hospitals
10.10.3 Ambulatory Surgical Centers
10.10.4 Specialty Clinics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lung Assessment Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lung Assessment Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lung Assessment Device Market Size Forecast by Type
11.6.1 Spirometer
11.6.2 Pulse Oximeter
11.6.3 Body Plethysmograph
11.6.4 Peak Flow Meters
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lung Assessment Device Market Size Forecast by Applications
11.10.1 Home Care
11.10.2 Hospitals
11.10.3 Ambulatory Surgical Centers
11.10.4 Specialty Clinics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lung Assessment Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Lung Assessment Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lung Assessment Device Market Size Forecast by Type
12.6.1 Spirometer
12.6.2 Pulse Oximeter
12.6.3 Body Plethysmograph
12.6.4 Peak Flow Meters
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lung Assessment Device Market Size Forecast by Applications
12.10.1 Home Care
12.10.2 Hospitals
12.10.3 Ambulatory Surgical Centers
12.10.4 Specialty Clinics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lung Assessment Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lung Assessment Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lung Assessment Device Market Size Forecast by Type
13.6.1 Spirometer
13.6.2 Pulse Oximeter
13.6.3 Body Plethysmograph
13.6.4 Peak Flow Meters
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lung Assessment Device Market Size Forecast by Applications
13.10.1 Home Care
13.10.2 Hospitals
13.10.3 Ambulatory Surgical Centers
13.10.4 Specialty Clinics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lung Assessment Device Market: Competitive Dashboard
14.2 Global Lung Assessment Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Novelda AS
14.3.3 MGC Diagnostics Corporation
14.3.4 Nihon Kohden Corporation
14.3.5 Ganshorn
14.3.6 Welch Allyn
14.3.7 Anhui Electric Science
14.3.8 Philips Healthcare
14.3.9 Dragerwerk
14.3.10 Smiths Medical
14.3.11 Vyaire Medical
14.3.12 COSMED
14.3.13 Masimo
14.3.14 Becton,Dickinson and Company
14.3.15 Eco Physics
14.3.16 Schiller AG
