Market Overview:
The global lung function monitor market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The market growth is attributed to the increasing prevalence of respiratory diseases, growing geriatric population, and technological advancements in the field of lung function monitors. Based on type, the family monitoring type segment is expected to account for the largest share of the global lung function monitor market in 2018. This segment is projected to grow at a CAGR of 6.0% from 2018 to 2030 due to rising demand for portable and easy-to-use devices among consumers. Based on application, the postoperative monitoring segment is projected to grow at a CAGR of 6.1% from 2018to 2030 owingto increasing numberof surgical procedures acrossthe globe .
Product Definition:
A lung function monitor is a device that measures the volume and flow of air breathed in and out. This information can be used to assess how well the lungs are working. A lung function monitor may be used to help diagnose conditions such as asthma, emphysema, or bronchitis. It can also help doctors determine if a person's current treatment plan is effective.
Family Monitoring Type:
The global family monitoring type, it's usage and growth factor in the lung function monitor market is expected to witness significant growth over the forecast period. The major drivers of this market are increasing prevalence of respiratory diseases such as Chronic Obstructive Pulmonary Disease (COPD) and asthma along with rising demand for early diagnosis & treatment options.
Professional Monitoring Type:
Professional monitoring is a type of lung function testing that includes more extensive test than standard spirometry. It includes capnography along with respiratory rate and volume measurement, which provides comprehensive data about the functioning of lungs.
The global professional monitoring type was estimated at USD 2,36 billion in 2014 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
The other application segment includes the lung function tests for smoking cessation programs, diagnosis of asthma and COPD, and assessment of respiratory diseases in children. The acute respiratory distress segment held the largest market share in 2017 owing to its high usage rate among patients suffering from severe pneumonia or respiratory failure. It is also used as a diagnostic tool for diagnosing various conditions such as pulmonary hypertension and cor pulmonale.
Professional monitoring type Lung Function Monitors are primarily used by healthcare professionals during medical procedures or hospital admissions to assess a patient¢â‚¬â„¢s current health condition & track any changes over time. These devices can be used with minimal risk to patients when they are monitored by an appropriately trained professional using standard protocols approved by governing bodies such as the ULCA (Union List of Cosmetics Ingredients). This has led to an increase in product adoption across hospitals globally which is expected to fuel growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players, high awareness levels, favorable reimbursement scenario and government initiatives. For instance, as per a research published by NCBI in 2018; “In 2016, The American Lung Association (ALA) and The American Thoracic Society (ATS) developed ATS guidelines for the diagnosis and management of asthma & pulmonary disorders that included lung function testing as part of routine careâ€. These factors are expected to boost growth during the forecast period.
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. As a result, there is an increased demand for lung function monitors to diagnose and treat these conditions.
- Growing awareness about early diagnosis and treatment: There is growing awareness among people about the importance of early diagnosis and treatment of respiratory diseases. This has led to an increase in the demand for lung function monitors worldwide.
- Technological advancements: The technology used in lung function monitors is constantly evolving, which has resulted in better performance and accuracy levels over time. This has further boosted the adoption rate of these devices across the world.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lung Function Monitor Market Research Report
By Type
Family Monitoring Type, Professional Monitoring Type
By Application
Acute Respiratory Distress, Pulmonary Fibrosis, Postoperative Monitoring, Other
By Companies
ResMed, Drager, GE Healthcare, Vitalograph Ltd., Medscope, A-M Systems, Philips Healthcare, ResMed
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Lung Function Monitor Market Report Segments:
The global Lung Function Monitor market is segmented on the basis of:
Types
Family Monitoring Type, Professional Monitoring Type
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
Acute Respiratory Distress, Pulmonary Fibrosis, Postoperative Monitoring, Other
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:
- ResMed
- Drager
- GE Healthcare
- Vitalograph Ltd.
- Medscope
- A-M Systems
- Philips Healthcare
- ResMed
Highlights of The Lung Function Monitor 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:
- Family Monitoring Type
- Professional Monitoring Type
- By Application:
- Acute Respiratory Distress
- Pulmonary Fibrosis
- Postoperative Monitoring
- Other
- 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 Function Monitor 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 function monitor is a device that measures the amount of air that flows through your lungs. This information can help doctors diagnose and treat respiratory problems.
Some of the key players operating in the lung function monitor market are ResMed, Drager, GE Healthcare, Vitalograph Ltd., Medscope, A-M Systems, Philips Healthcare, ResMed.
The lung function monitor 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 Function Monitor 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 Function Monitor Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Lung Function Monitor 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 Function Monitor 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 Function Monitor Market Size & Forecast, 2018-2028 4.5.1 Lung Function Monitor Market Size and Y-o-Y Growth 4.5.2 Lung Function Monitor Market Absolute $ Opportunity
Chapter 5 Global Lung Function Monitor 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 Function Monitor Market Size Forecast by Type
5.2.1 Family Monitoring Type
5.2.2 Professional Monitoring Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lung Function Monitor 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 Function Monitor Market Size Forecast by Applications
6.2.1 Acute Respiratory Distress
6.2.2 Pulmonary Fibrosis
6.2.3 Postoperative Monitoring
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lung Function Monitor 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 Function Monitor 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 Function Monitor Analysis and Forecast
9.1 Introduction
9.2 North America Lung Function Monitor 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 Function Monitor Market Size Forecast by Type
9.6.1 Family Monitoring Type
9.6.2 Professional Monitoring Type
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 Function Monitor Market Size Forecast by Applications
9.10.1 Acute Respiratory Distress
9.10.2 Pulmonary Fibrosis
9.10.3 Postoperative Monitoring
9.10.4 Other
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 Function Monitor Analysis and Forecast
10.1 Introduction
10.2 Europe Lung Function Monitor 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 Function Monitor Market Size Forecast by Type
10.6.1 Family Monitoring Type
10.6.2 Professional Monitoring Type
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 Function Monitor Market Size Forecast by Applications
10.10.1 Acute Respiratory Distress
10.10.2 Pulmonary Fibrosis
10.10.3 Postoperative Monitoring
10.10.4 Other
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 Function Monitor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lung Function Monitor 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 Function Monitor Market Size Forecast by Type
11.6.1 Family Monitoring Type
11.6.2 Professional Monitoring Type
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 Function Monitor Market Size Forecast by Applications
11.10.1 Acute Respiratory Distress
11.10.2 Pulmonary Fibrosis
11.10.3 Postoperative Monitoring
11.10.4 Other
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 Function Monitor Analysis and Forecast
12.1 Introduction
12.2 Latin America Lung Function Monitor 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 Function Monitor Market Size Forecast by Type
12.6.1 Family Monitoring Type
12.6.2 Professional Monitoring Type
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 Function Monitor Market Size Forecast by Applications
12.10.1 Acute Respiratory Distress
12.10.2 Pulmonary Fibrosis
12.10.3 Postoperative Monitoring
12.10.4 Other
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 Function Monitor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lung Function Monitor 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 Function Monitor Market Size Forecast by Type
13.6.1 Family Monitoring Type
13.6.2 Professional Monitoring Type
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 Function Monitor Market Size Forecast by Applications
13.10.1 Acute Respiratory Distress
13.10.2 Pulmonary Fibrosis
13.10.3 Postoperative Monitoring
13.10.4 Other
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 Function Monitor Market: Competitive Dashboard
14.2 Global Lung Function Monitor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ResMed
14.3.2 Drager
14.3.3 GE Healthcare
14.3.4 Vitalograph Ltd.
14.3.5 Medscope
14.3.6 A-M Systems
14.3.7 Philips Healthcare
14.3.8 ResMed