Lung Assessment Device Market Size

Lung Assessment Device Market size was over USD 12.82 Billion in 2023 and is expected to cross USD 30.14 Billion by the end of 2036, growing at more than 6.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of lung assessment device is estimated at USD 13.6 Billion. The market has been driven by factors such as the increasing prevalence of respiratory diseases, a growing aging population susceptible to such conditions, technological advancements in device design and connectivity, and a greater focus on early disease detection and management. The trend towards personalized and home-based healthcare has also contributed to the demand for portable and user-friendly lung assessment devices.

The lung assessment device market refers to the industry involved in the development, manufacturing, and distribution of medical devices designed to assess various aspects of lung health and function. These devices play a crucial role in diagnosing and monitoring respiratory conditions such as asthma, chronic obstructive pulmonary disease (COPD), lung infections, and more. They are commonly used by healthcare professionals in hospitals, clinics, and home care settings.