The Europe pulmonary devices market is expected to reach US$ 11,398.02 million by 2027 from US$ 5,459.48 million in 2019; it is estimated to grow at a CAGR of 9.7% from 2020 to 2027.
Increasing prevalence of respiratory diseases and growing number of COVID-19 in the region are the key factors driving the growth of pulmonary devices. However, unfavorable reimbursement scenario associated with pulmonary devices is the major factor hindering the market growth in Europe.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 respiratory tract.
Infectious respiratory diseases directly impel the demand for respiratory care. The demand for ventilators has also developed due to the COVID-19 outbreak, resulting in governmental and industrial support for driving the pace of manufacturing. For instance, in Italy, hospitals have reported to witness an exponential rise in the number of patients with respiratory ailments, and the medical staff is struggling to provide necessary aids to reduce the number of COVID-19 related deaths. As the shortage and prevalence of respiratory diseases increase, the pulmonary device market is expected to witness significant growth.
Further, international regulatory agencies are considering accelerated approval of specific respiratory devices. For instance, in the UK, the government has asked automobile manufacturers, including Ford, Honda, and Rolls-Royce, to temporarily shift part of their assembly line focus from cars to developing respiratory equipment. Once an agreement is reached, the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) must ensure that the automakers adhere to the set rules and regulations. Thus, the rapid spread of COVID-19 leading to pulmonary failure has led to a growing demand for ventilators and respiratory devices, thereby driving the market growth.
The COVID-19 pandemic effect is still very active among various countries in the Europe. As with any specialized equipment simply commandeering a factory and ordering it to manufacture respirators is not a reality, the existing equipment are retooled and quality control perfected under these circumstances to operate as alternative solutions for invasive ventilators. Various companies are working towards providing these solutions to the healthcare centers in the Europe and are thus likely to create a good business even during the pandemic.
Rest of the Europe Pulmonary Devices Market, Revenue and Forecast to 2027 (US$ Mn)
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EUROPE PULMONARY DEVICES MARKET SEGMENTATION
By Type
- Therapeutic Devices
- Consumables and Accessories
- Diagnostic Devices
- Monitoring Devices
By Application
- Chronic Obstructive Pulmonary Disease (COPD)
- Sleep Apnea
- Asthma
- Infectious Diseases
- Others
By End User
- Hospitals
- Home Care Settings
- Ambulatory Care Centers
By Country
- Germany
- France
- United Kingdom
- Italy
- Spain
Company Profiles
- Medtronic
- Dragerwerk AG & Co. KGaA
- Air Liquide
- Hamilton Medical
- Koninklijke Philips N.V.
- Getinge AB
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, and End User and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Pulmonary Devices Market – By Type
1.3.2 Europe Pulmonary Devices Market – By Application
1.3.3 Europe Pulmonary Devices Market– By End User
1.3.4 Europe Pulmonary Devices Market – By Country
2. Europe Pulmonary Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Pulmonary Devices Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Pulmonary devices Market - Europe PEST Analysis
4.3 Expert Opinion
5. Europe Pulmonary Devices Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising Number of COVID-19 Cases
5.1.2 Increasing Prevalence of Respiratory Diseases
5.2 Key Market Restraints
5.2.1 Unfavourable Reimbursement Scenario
5.3 Key Market Opportunities
5.3.1 Strategic Activities by Manufacturers
5.4 Future Trends
5.4.1 Increasing Preference of Home Care Products
5.5 Impact Analysis
6. Pulmonary Devices Market – Europe Analysis
6.1 Europe Pulmonary Devices Market Revenue Forecasts and Analysis
7. Europe Pulmonary Devices Market Analysis and Forecasts To 2027 – By Type
7.1 Overview
7.2 Europe Pulmonary Devices Market, By Type 2019 & 2027 (%)
7.2.1 Europe Pulmonary Devices Market Revenue and Forecasts to 2027, By Type (US$ Mn)
7.3 Therapeutic Devices
7.3.1 Overview
7.3.2 Europe Therapeutic Devices Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Consumables and Accessories
7.4.1 Overview
7.4.1.1 Europe Consumables and Accessories Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Diagnostic Devices
7.5.1 Overview
7.5.2 Europe Diagnostic Devices Market Revenue and Forecast to 2027 (US$ Mn)
7.6 Monitoring Devices
7.6.1 Overview
7.6.2 Europe Monitoring Devices Market Revenue and Forecast to 2027 (US$ Mn)
8. Europe Pulmonary Devices Market Analysis and Forecasts To 2027 – By Application
8.1 Overview
8.2 Europe Pulmonary Devices Market, By Application 2019 & 2027 (%)
8.2.1 Europe Pulmonary Devices Market Revenue and Forecasts to 2027, By Application (US$ Mn)
8.3 COPD
8.3.1 Overview
8.3.2 Europe COPD Market Revenue and Forecast to 2027 (US$ Mn)
8.4 Asthma
8.4.1 Overview
8.4.2 Europe Asthma Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Sleep Apnea
8.5.1 Overview
8.5.2 Europe Sleep Apnea Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Infectious Diseases
8.6.1 Overview
8.6.2 Europe Infectious Diseases Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Europe Pulmonary Devices Market Analysis – By End-User
9.1 Overview
9.2 Europe Pulmonary Devices Market, By End-User 2019-2027 (%)
9.2.1 Europe Pulmonary Devices Market Revenue and Forecasts to 2027, By End-User (US$ Mn)
9.3 Hospitals
9.3.1 Overview
9.3.2 Europe Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Homecare Settings
9.4.1 Overview
9.4.2 Europe Homecare Settings Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Ambulatory Care Centers
9.5.1 Overview
9.5.2 Europe Ambulatory Care Centers Market Revenue and Forecasts to 2027 (US$ Mn)
10. Pulmonary Devices Market Revenue and Forecasts To 2027 – Geographical Analysis
10.1 Europe Pulmonary Devices Market Revenue and Forecasts To 2027
10.1.1 Overview
10.1.2 Europe: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.3 Europe: Pulmonary Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
10.1.4 Europe: Pulmonary Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.5 Europe: Pulmonary Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.1.6 Europe: Pulmonary Devices Market, by Country, 2019 & 2027 (%)
10.1.7 Germany: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.1 Germany: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.2 Germany: Pulmonary Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
10.1.7.3 Germany: Pulmonary Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.7.4 Germany: Pulmonary Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.1.8 France: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.1 France: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 France: Pulmonary Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
10.1.8.3 France: Pulmonary Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.8.4 France: Pulmonary Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.1.9 UK: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.1 UK: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.2 UK: Pulmonary Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
10.1.9.3 UK: Pulmonary Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.9.4 UK: Pulmonary Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.1.10 Italy: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.10.1 Italy: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.10.2 Italy: Pulmonary Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
10.1.10.3 Italy: Pulmonary Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.10.4 Italy: Pulmonary Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
10.1.11 Spain: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.11.1 Spain: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
10.1.11.2 Spain: Pulmonary Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
10.1.11.3 Spain: Pulmonary Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.11.4 Spain: Pulmonary Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
11. Impact of COVID-19 Pandemic on Europe Pulmonary Devices Market
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 Medtronic
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Dragerwerk AG & Co. KGaA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Air Liquide
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Getinge AB
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Hamilton Medical
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Koninklijke Philips N.V.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 Glossary of Terms
LIST OF TABLES
Table 1. Europe Pulmonary Devices Market Revenue and Forecasts To 2027, By Type (US$ Mn)
Table 2. Europe Pulmonary Devices Market Revenue and Forecasts To 2027, By Application (US$ Mn)
Table 3. Europe Pulmonary Devices Market Revenue and Forecasts To 2027, By End-User (US$ Mn)
Table 4. Europe: Pulmonary Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 5. Europe: Pulmonary Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 6. Europe: Pulmonary Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 7. Germany: Pulmonary Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 8. Germany: Pulmonary Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 9. Germany: Pulmonary Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 10. France: Pulmonary Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 11. France: Pulmonary Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 12. France: Pulmonary Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 13. UK: Pulmonary Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 14. UK: Pulmonary Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 15. UK: Pulmonary Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 16. Italy: Pulmonary Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 17. Italy: Pulmonary Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 18. Italy: Pulmonary Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 19. Spain: Pulmonary Devices Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 20. Spain: Pulmonary Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 21. Spain: Pulmonary Devices Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 22. Glossary of Terms, Pulmonary Devices Market
LIST OF FIGURES
Figure 1. Pulmonary devices Market Segmentation
Figure 2. Europe Pulmonary Devices Market Overview
Figure 3. Therapeutics Segment Held Largest Share of Pulmonary Devices Market
Figure 4. UK is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Europe Pulmonary Devices Market - Leading Country Markets (US$ Mn)
Figure 6. Pulmonary devices Market - Europe PEST Analysis
Figure 7. Pulmonary Devices Market Impact Analysis of Driver and Restraints
Figure 8. Europe Pulmonary Devices Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 9. Europe Pulmonary Devices Market, By Type 2019 & 2027 (%)
Figure 10. Europe Therapeutic Devices Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. Europe Consumables and Accessories Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. Europe Diagnostic Devices Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. Europe Monitoring Devices Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Europe Pulmonary Devices Market, By Application 2019 & 2027 (%)
Figure 15. Europe COPD Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Europe Asthma Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Europe Sleep Apnea Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Europe Infectious Diseases Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Europe Pulmonary Devices Market, by End-User 2019 & 2027 (%)
Figure 21. Europe Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Europe Homecare Settings Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. Europe Ambulatory Care Centers Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. Europe: Pulmonary Devices Market, by Key Country – Revenue (2019) (USD Million)
Figure 25. Europe: Pulmonary Devices Market Revenue and Forecast to 2027 (USD Million)
Figure 26. Europe: Pulmonary Devices Market, by Country, 2019 & 2027 (%)
Figure 27. Germany: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 28. France: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 29. UK: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 30. Italy: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 31. Spain: Pulmonary Devices Market – Revenue and Forecast to 2027 (USD Million)
Figure 32. Impact of COVID-19 Pandemic on Pulmonary Devices Market in European Countries
The List of Companies - Europe Pulmonary Devices Market
- Medtronic
- Dragerwerk AG & Co. KGaA
- Air Liquide
- Hamilton Medical
- Koninklijke Philips N.V.
- Getinge AB
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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