Lung Assessment Device Market Analysis

  • Report ID: 5210
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Lung Assessment Device Market Analysis

Type (Spirometers, Nebulizers)

The nebulizers segment is estimated to gain the largest market share of 60% in the year 2037. Technological advancements in nebulizer design and functionality are driving the demand for these devices. The development of portable and compact nebulizers allows patients to receive treatments conveniently at home or on-the-go. Smart nebulizers equipped with connectivity features enable real-time monitoring and data sharing between patients and healthcare providers. The industry of smart inhalers and nebulizers is projected to grow by 26% by the year 2025.

End User (Hospitals, Home Care, Diagnostic Laboratories)

The hospitals segment is expected to garner a significant share in the year 2037. Hospitals play a vital role in critical care and disease management for patients with severe respiratory conditions. Lung assessment devices are instrumental in monitoring patients in intensive care units (ICUs) and guiding interventions for optimal ventilation and oxygenation. Timely and accurate assessment is crucial for improving patient outcomes. A study found that proper lung assessment and management in critically ill patients significantly impact mortality rates and overall patient care.

Our in-depth analysis of the global market includes the following segments:

             Type

  • Spirometers
  • Nebulizers

 

   

            End User

  • Hospitals
  • Home Care
  • Diagnostic Laboratories
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 5210
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of lung assessment device is estimated at USD 15.25 billion.

The lung assessment device market size was over USD 13.7 billion in 2024 and is anticipated to cross USD 32.62 billion by 2037, growing at more than 6.9% CAGR during the forecast period i.e., between 2025-2037. Increasing demand from hospitals will drive the market growth.

Asia Pacific industry is predicted to dominate majority revenue share of 38% by 2037, as the region is dynamic hub of healthcare innovation.

The major players in the market are Philips Healthcare, Medtronic, Masimo Corporation, GE Healthcare, BD (Becton, Dickinson and Company), Smiths Medical, Teleflex Incorporated, Fisher & Paykel Healthcare, Nihon Kohden Corporation, CareFusion Corporation
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