The pulmonary devices market was valued at US$ 18,598.56 million in 2019 and is projected to reach US$ 39,965.01 million by 2027; it is expected to grow at a CAGR of 10.1%from 2021 to 2027.
Pulmonary or respiratory devices are used to remove mucus and secretions from the airways or the respiratory tract. These medical devices are focused on diagnosis, control, treatment, management, and evaluation of the problems associated with the respiratory tract. The pulmonary devices market growth is mainly attributed to the rising number of COVID-19 cases worldwide and the increasing prevalence of respiratory diseases.
Worldwide Pulmonary Devices Market Analysis to 2027 is a specialized and in-depth study of the Pulmonary Devices Industry with a focus on the global market trend. The report aims to provide an overview of the global Pulmonary Devices Market with detailed market segmentation by product/application and geography. The global Pulmonary Devices Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the players and offers key trends and opportunities in the market.
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Key companies Included in Pulmonary Devices Market:-
- Koninklijke Philips N.V.
- Caire Inc. (Chart Industries)
- Inogen Inc.
- Invacare Corporation
- O2 Concepts
- Nidek Medical Types, Inc.
- Drive DeVilbiss International
- GCE Group
- Besco Medical
- Inova labs Inc. (ResMed)
Based on application, the pulmonary devices marketis segmented into COPD, asthma, sleep apnea, infectious disease and others. The COPD segment held the largest share of the market in 2019. Also, the same segment is anticipated to register the highest CAGR in the market during the forecast period. Based on end user, the pulmonary devices marketis segmented into hospitals, home care settings and ambulatory care centers. The hospitals segment held the largest share of the market in 2019; however, home care settings segment is estimated to register the highest CAGR during the forecast period.
Pulmonary Devices Market – byType
- Therapeutic Devices
- Consumables and Accessories
- Diagnostic Devices
- Monitoring Devices
Pulmonary Devices Market – by Application
- Chronic Obstructive Pulmonary Disease (COPD)
- Sleep Apnea
- Infectious Diseases
The research report has been compiled by studying the market in-depth along with drivers, opportunities, restraints & other strategies as well as new developments that can help a reader to understand the exact situation of the market along with the factors that can limit or hamper the market growth and the report also has been updated with Impacts & effects of Coronavirus pandemic and how it has influenced consumer behavior & the growth of the market as well as industries.
- Market Dynamics
- Competitive Analysis
- Market Trends And Market Outlook
- Market Share And Market Size
- Opportunities And Customer Analysis
- Product Pricing Research
Global Pulmonary Devices market Witness Most Promising Rise in Demand
The Pulmonary Devices market is anticipated to grow at a significant rate in the coming years, owing to factors such as rising incidence and prevalence of chronic diseases, increasing healthcare expenses toward the growth of e-Health, telemedicine, telehealth. Rapid growth in the delivery of services to patients, several technological enlargements in the healthcare industry in the Asia Pacific and Europe are expected to offer growth opportunities for the players operating in the market.
The COVID-19 outbreak is currently going the world over; the Pulmonary Devices Market report covers the impact of the corona-virus on top company’s growth. This research report categorizes as the key players in the Pulmonary Devices market and also gives a comprehensive study of Covid-19 impact analysis of the market by regions like (Americas, Europe APAC, and EMEA).
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