Market Overview:
The global pulmonology 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 incidence of respiratory diseases, technological advancements in pulmonology devices, and rising demand for minimally invasive procedures. Based on type, the global pulmonology device market is segmented into pulmonary biopsy devices, endobronchial ultrasound (EBUS) needles, airway stents, stainless steel stents, single-use bronchoscopes and others. The pulmonary biopsy devices segment is expected to grow at a CAGR of 6.1% from 2018 to 2030 due to the increasing demand for diagnostic procedures for respiratory diseases. Based on application, the global pulmonology device market is segmented into hospitals, specialty clinics and others. The hospitals segment accounted for majority share of the global pulmonology device market in 2017 and is projected to grow at a CAGR of 5.9% from 2018to 2030 due to rising number of hospital admissions for respiratory diseases diagnosis and treatment.
Product Definition:
A pulmonology device is a medical device that helps to improve the function of the lungs. This may include devices that help to clear secretions from the lungs, increase air flow, or oxygenate blood. Pulmonology devices are important for people with respiratory conditions such as asthma, COPD, and cystic fibrosis.
Pulmonary Biopsy Devices:
A pulmonary biopsy is a procedure to obtain tissue or fluid from the lungs for microscopic analysis. Pulmonary biopsies are used in pulmonary function testing, diagnosis of chronic obstructive pulmonary disease (COPD), and detection of cancerous changes in the lung.
Endobronchial Ultrasound (EBUS) Needles:
Endobronchial ultrasound (EBUS) needles are used for the visualization of airway and lung structure during a bronchoscopy. It is an advanced diagnostic tool that helps in conducting biopsy, performing endoscopic interventions, and visualizing lesions & tumors. The increasing prevalence of chronic diseases such as cancer, tuberculosis, respiratory disorders along with rising demand for early diagnosis has led to the growth of this market.
Application Insights:
Based on application, the global pulmonology device market is segmented into hospital-based clinics, specialty clinics and others. Hospital-based pulmonology clinics dominated the overall application segment in terms of revenue in 2017 owing to factors such as increasing prevalence of chronic diseases and a high number of patients visiting hospitals for diagnosis or treatment.
The specialty clinic segment is expected to witness significant growth over the forecast period due to an increase in demand for noninvasive diagnostic modalities that provide faster results with lesser risk involved. Moreover, an increase in R&D initiatives by major players for introduction of advanced devices will further boost product demand over the coming years.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of pulmonology device manufacturers and suppliers, high adoption rate of technologically advanced products, and increasing government initiatives for raising awareness about lung diseases. For instance, In April 2018, US FDA approved Stryker Pulmonary Embolism Therapy System that helps in reducing blood flow to lungs during an embolization procedure by delivering targeted pressure on affected area thus reducing the risk of pulmonary artery spasm or stroke.
Asia Pacific is expected to register significant growth over the forecast period owing to rising prevalence rates of lung cancer & other respiratory diseases such as asthma & COPD coupled with improving healthcare infrastructure especially in developing countries such as India and China.
Growth Factors:
- Increasing incidence of respiratory diseases: The global Pulmonology Device market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing incidence of respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), and pneumonia.
- Growing demand for minimally invasive devices: The demand for minimally invasive devices is growing rapidly due to their advantages over traditional surgical procedures such as shorter hospital stay, reduced pain, and faster recovery time. This is expected to drive the growth of the Pulmonology Device market during the forecast period.
- Rising geriatric population: The geriatric population is susceptible to various respiratory diseases owing to their weak immune system and declining health condition. This is expected to drive the growth of the Pulmonology Device market in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Pulmonology Device Market Research Report
By Type
Pulmonary Biopsy Devices, Endobronchial Ultrasound (EBUS) Needles, Airway Stents, Stainless Steel Stents, Single-Use Bronchoscopes, Others
By Application
Hospital, Specialty Clinic, Others
By Companies
Boston Scientific Corporation, CONMED Corporation, Olympus Corporation, Cook Medical Incorporated, Medi-Globe GmbH, Ambu A/S, Verathon, United Medical Surgical Services Ltd, Hunan Vathin, Micro-Tech (Nanjing) Co., Ltd, Boston Scientific Corporation
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
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Pulmonology Device Market Report Segments:
The global Pulmonology Device market is segmented on the basis of:
Types
Pulmonary Biopsy Devices, Endobronchial Ultrasound (EBUS) Needles, Airway Stents, Stainless Steel Stents, Single-Use Bronchoscopes, Others
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
Hospital, Specialty Clinic, Others
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:
- Boston Scientific Corporation
- CONMED Corporation
- Olympus Corporation
- Cook Medical Incorporated
- Medi-Globe GmbH
- Ambu A/S
- Verathon
- United Medical Surgical Services Ltd
- Hunan Vathin
- Micro-Tech (Nanjing) Co., Ltd
- Boston Scientific Corporation
Highlights of The Pulmonology 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:
- Pulmonary Biopsy Devices
- Endobronchial Ultrasound (EBUS) Needles
- Airway Stents
- Stainless Steel Stents
- Single-Use Bronchoscopes
- Others
- By Application:
- Hospital
- Specialty Clinic
- Others
- 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 Pulmonology 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 pulmonology device is a medical device used to measure the size, shape, and function of the lungs. Pulmonology devices can be used to diagnose lung diseases and monitor treatment progress.
Some of the key players operating in the pulmonology device market are Boston Scientific Corporation, CONMED Corporation, Olympus Corporation, Cook Medical Incorporated, Medi-Globe GmbH, Ambu A/S, Verathon, United Medical Surgical Services Ltd, Hunan Vathin, Micro-Tech (Nanjing) Co., Ltd, Boston Scientific Corporation.
The pulmonology 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 Pulmonology 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 Pulmonology Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pulmonology 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 Pulmonology 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 Pulmonology Device Market Size & Forecast, 2018-2028
4.5.1 Pulmonology Device Market Size and Y-o-Y Growth
4.5.2 Pulmonology Device Market Absolute $ Opportunity
Chapter 5 Global Pulmonology 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 Pulmonology Device Market Size Forecast by Type
5.2.1 Pulmonary Biopsy Devices
5.2.2 Endobronchial Ultrasound (EBUS) Needles
5.2.3 Airway Stents
5.2.4 Stainless Steel Stents
5.2.5 Single-Use Bronchoscopes
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pulmonology 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 Pulmonology Device Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Specialty Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pulmonology 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 Pulmonology 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 Pulmonology Device Analysis and Forecast
9.1 Introduction
9.2 North America Pulmonology 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 Pulmonology Device Market Size Forecast by Type
9.6.1 Pulmonary Biopsy Devices
9.6.2 Endobronchial Ultrasound (EBUS) Needles
9.6.3 Airway Stents
9.6.4 Stainless Steel Stents
9.6.5 Single-Use Bronchoscopes
9.6.6 Others
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 Pulmonology Device Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Specialty Clinic
9.10.3 Others
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 Pulmonology Device Analysis and Forecast
10.1 Introduction
10.2 Europe Pulmonology 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 Pulmonology Device Market Size Forecast by Type
10.6.1 Pulmonary Biopsy Devices
10.6.2 Endobronchial Ultrasound (EBUS) Needles
10.6.3 Airway Stents
10.6.4 Stainless Steel Stents
10.6.5 Single-Use Bronchoscopes
10.6.6 Others
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 Pulmonology Device Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Specialty Clinic
10.10.3 Others
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 Pulmonology Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pulmonology 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 Pulmonology Device Market Size Forecast by Type
11.6.1 Pulmonary Biopsy Devices
11.6.2 Endobronchial Ultrasound (EBUS) Needles
11.6.3 Airway Stents
11.6.4 Stainless Steel Stents
11.6.5 Single-Use Bronchoscopes
11.6.6 Others
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 Pulmonology Device Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Specialty Clinic
11.10.3 Others
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 Pulmonology Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Pulmonology 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 Pulmonology Device Market Size Forecast by Type
12.6.1 Pulmonary Biopsy Devices
12.6.2 Endobronchial Ultrasound (EBUS) Needles
12.6.3 Airway Stents
12.6.4 Stainless Steel Stents
12.6.5 Single-Use Bronchoscopes
12.6.6 Others
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 Pulmonology Device Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Specialty Clinic
12.10.3 Others
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) Pulmonology Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pulmonology 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) Pulmonology Device Market Size Forecast by Type
13.6.1 Pulmonary Biopsy Devices
13.6.2 Endobronchial Ultrasound (EBUS) Needles
13.6.3 Airway Stents
13.6.4 Stainless Steel Stents
13.6.5 Single-Use Bronchoscopes
13.6.6 Others
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) Pulmonology Device Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Specialty Clinic
13.10.3 Others
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 Pulmonology Device Market: Competitive Dashboard
14.2 Global Pulmonology Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boston Scientific Corporation
14.3.2 CONMED Corporation
14.3.3 Olympus Corporation
14.3.4 Cook Medical Incorporated
14.3.5 Medi-Globe GmbH
14.3.6 Ambu A/S
14.3.7 Verathon
14.3.8 United Medical Surgical Services Ltd
14.3.9 Hunan Vathin
14.3.10 Micro-Tech (Nanjing) Co., Ltd
14.3.11 Boston Scientific Corporation
