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Gas Exchange Pulmonary Function Testing Market - By System Type, By Test Method, By Application, By End Use - Global Forecast, 2025-2034
Report ID: GMI11737
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Published Date: October 2025
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Report Format: PDF
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Authors: Mariam Faizullabhoy, Gauri Wani
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Base Year: 2024
Companies covered: 18
Tables & Figures: 134
Countries covered: 19
Pages: 130
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Gas Exchange Pulmonary Function Testing Market
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Gas Exchange Pulmonary Function Testing Market Size
The global gas exchange pulmonary function testing market was valued at USD 249.3 million in 2024. The market is expected to reach from USD 261 million in 2025 to USD 450.7 million in 2034, growing at a CAGR of 6.3% during the forecast period, according to the latest report published by Global Market Insights Inc. Growing incidence of chronic respiratory ailments, higher uptake of CPET and DLCO testing, and increasing hospital diagnostic facilities are fueling the market growth.
The gas exchange pulmonary function testing market provides innovative diagnostic solutions to payers, providers, life sciences firms, and healthcare technology companies to improve regulatory compliance, patient outcomes, and clinical efficiency. Solutions cover cardiopulmonary exercise testing (CPET) systems, gas diffusion analyzers, spirometry platforms, and combined digital health tools that enable precise diagnosis, disease management, and enhanced quality of care. These are competitive with each other by constantly developing new products, having a strong international presence, strategic partnerships, and major investments in research and development to address changing clinical needs and further penetrate markets.
The market has increased from USD 217.8 million in 2021 and reached USD 238.5 million in 2023. The gas exchange pulmonary function testing market is experiencing steady growth, driven by multiple interrelated factors that reflect both the rising burden of respiratory disease and advancements in diagnostic technologies. The increasing prevalence of chronic respiratory conditions such as chronic obstructive pulmonary disease (COPD), asthma, pulmonary fibrosis, and interstitial lung diseases has created strong demand for advanced diagnostic tools that enable early detection, precise monitoring, and effective management of patient health. Growing awareness among healthcare providers and patients about the benefits of cardiopulmonary exercise testing (CPET) and gas diffusion capacity (DLCO) testing is further expanding adoption rates, particularly in hospitals, specialized clinics, and diagnostic centers.
Expanding healthcare infrastructure, especially in developing regions, coupled with greater availability of portable and digital testing systems, is enhancing accessibility to high-quality diagnostic solutions. Moreover, continuous innovation in pulmonary testing devices, including the integration of digital health platforms, AI-driven analytics, and user-friendly interfaces, is improving efficiency, compliance, and patient outcomes. Favorable reimbursement policies in developed markets and an increasing focus on preventive care are also supporting the uptake of advanced PFT systems.
Gas exchange pulmonary function testing is a diagnostic method that evaluates how efficiently the lungs transfer oxygen into the blood and remove carbon dioxide. Using techniques like diffusion capacity (DLCO) and cardiopulmonary exercise testing (CPET), it helps assess respiratory health, detect abnormalities, and guide management of chronic pulmonary diseases.
31.6% market share
Collective market share in 2024 is 51.4%
Gas Exchange Pulmonary Function Testing Market Trends
The increasing incidence of respiratory conditions, such as chronic obstructive pulmonary disease (COPD), asthma, pulmonary fibrosis, and interstitial lung diseases, is a major growth driver for the market.
Gas Exchange Pulmonary Function Testing Market Analysis
Based on the system type, the market is segmented into portable and stationary. The portable segment has asserted its dominance in the market by securing a significant market share of 82.8% in 2024, driven by rising demand for home-based and point-of-care respiratory monitoring drives growth. The segment is expected to exceed USD 379.6 million by 2034, growing at a CAGR of 6.4% during the forecast period. On the other hand, the stationary segment is expected to grow with a CAGR of 5.3%. The growth of this segment can be attributed to the preference for hospital-based comprehensive diagnostics, fuels stationary device adoption.
Based on test method, the gas exchange pulmonary function testing market is bifurcated into gas diffusion tests and cardiopulmonary exercise testing (CPET). The gas diffusion tests segment dominated the market with a revenue share of 61% in 2024 and is expected to reach USD 263.7 million within the forecast period.
Based on application, the gas exchange pulmonary function testing market is classified into chronic obstructive pulmonary disease, asthma, chronic shortness of breath, pulmonary fibrosis, and other applications. The chronic obstructive pulmonary disease segment dominated the market with a revenue share of 47.5% in 2024 and is expected to reach USD 216.7 million within the forecast period.
Based on end use, the gas exchange pulmonary function testing market is classified into hospitals & clinics, diagnostic centers, and other end users. The hospitals & clinics segment dominated the market with a revenue share of 62.4% in 2024 and is expected to reach USD 278.3 million within the forecast period.
North America Gas Exchange Pulmonary Function Testing Market
The North America market dominated the market with a market share of 40.2% in 2024.
The U.S. gas exchange pulmonary function testing was valued at USD 84.3 million and USD 87.7 million in 2021 and 2022, respectively. The market size reached USD 94.4 million in 2024, growing from USD 91 million in 2023.
Europe Gas Exchange Pulmonary Function Testing Market
Europe market accounted for USD 66.1 million in 2024 and is anticipated to show lucrative growth over the forecast period.
Germany dominates the European gas exchange pulmonary function testing market, showcasing strong growth potential.
Asia Pacific Gas Exchange Pulmonary Function Testing Market
The Asia Pacific market is anticipated to grow at the highest CAGR of 7.5% during the analysis timeframe.
China gas exchange pulmonary function testing market is estimated to grow with a significant CAGR, in the Asia Pacific market.
Latin American Gas Exchange Pulmonary Function Testing Market
Brazil leads the Latin American market, exhibiting remarkable growth during the analysis period.
Middle East and Africa Gas Exchange Pulmonary Function Testing Market
Saudi Arabia market is expected to experience substantial growth in the Middle East and Africa market in 2024.
Gas Exchange Pulmonary Function Testing Market Share
The global market is highly competitive, driven by continuous innovation, technological advancements, and strategic collaborations among leading medical device companies. Rising prevalence of chronic respiratory diseases, including COPD, asthma, and pulmonary fibrosis, coupled with growing patient awareness, is fueling demand for accurate, non-invasive diagnostic solutions.
Healthcare providers increasingly prioritize early detection, precise monitoring, and effective disease management, encouraging companies to invest in advanced pulmonary function testing systems such as spirometry platforms, gas diffusion analyzers, and cardiopulmonary exercise testing (CPET) devices. The shift toward home-based care and value-driven healthcare models further motivates market players to develop portable, patient-centric, and cost-efficient devices while expanding their footprint in emerging markets.
Key players in the market include Vyaire, Schiller, COSMED, Vitalograph, and ECO MEDICS collectively accounting for 51.4% of the global market. These companies maintain their competitive advantage through extensive product portfolios, strong global distribution networks, and continuous advancements in pulmonary diagnostics. Their leadership is reinforced by strategic partnerships with hospitals, clinics, and diagnostic centers, enhancing device accessibility and adoption.
Smaller and niche players are also gaining traction by offering portable, user-friendly, and disease-specific solutions. As the market evolves, competition is expected to intensify, with both established leaders and emerging firms focusing on product innovation, digital health integration, and strategic alliances to expand market share and address growing clinical demands effectively.
Gas Exchange Pulmonary Function Testing Market Companies
Few of the prominent players operating in the gas exchange pulmonary function testing industry include:
Vyaire leads the gas exchange pulmonary function testing market with a share of 31.6% in 2024. The company offers comprehensive pulmonary diagnostic solutions, including PFT, DLCO, and CPET systems, combining advanced technology, integrated software, and global service support to deliver accurate, reliable, and versatile respiratory assessments across hospitals, clinics, and diagnostic centers worldwide.
Schiller provides precise, user-friendly pulmonary testing and CPET systems with versatile applications, strong clinical performance, and worldwide distribution, supported by strategic partnerships, enabling efficient respiratory diagnostics and improved patient care.
Gas Exchange Pulmonary Function Testing Industry News:
The gas exchange pulmonary function testing market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 - 2034 for the following segments:
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Market, By System Type
Market, By Test Method
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries: