Plethysmograph Market Size and Share

Plethysmograph Market Size
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Plethysmograph Market Analysis by Mordor Intelligence

The plethysmograph market is projected to expand from USD 89.46 million in 2025 and USD 94.15 million in 2026 to USD 128.04 million by 2031, registering a CAGR of 6.34% between 2026 and 2031. The plethysmograph market is being supported by the heavy global burden of COPD and asthma, with published medical literature pointing to a very large patient base today and a further rise in prevalence over the long term. Demand also stays firm because clinicians need total lung capacity and airway resistance data that simpler breathing tests do not consistently capture in patients with air trapping and other complex disease patterns. That clinical need keeps pricing resilient for advanced systems and also supports recurring revenue tied to software, service, and workflow tools in established hospital networks. The plethysmograph market is also being shaped by a shift toward compact and calibration-reduced platforms, which make outpatient deployment more practical and improve the value case for distributed respiratory testing. Competitive activity remains centered on sensor accuracy, software integration, and networked service models, while the clearest opportunities for the plethysmograph market sit in outpatient respiratory care, vascular diagnostics, and faster-growing Asian healthcare systems.

Key Report Takeaways

  • By product type, body plethysmographs held 34.41% share in 2025, while air plethysmographs are projected to expand at 7.73% CAGR through 2031.
  • By application, pulmonary function testing accounted for 38.52% of the plethysmograph market in 2025, while cardiovascular disease diagnosis is forecasted to grow at 7.14% CAGR through 2031.
  • By end-user, hospitals held 42.11% of the plethysmograph market share in 2025, while pulmonary care centers are projected to advance at 8.04% CAGR through 2031.
  • By geography, North America led with 45.31% share in 2025, while Asia-Pacific is expected to record the fastest growth at 9.11% CAGR through 2031.

Note: Market size and forecast figures in this report are generated using Mordor Intelligence’s proprietary estimation framework, updated with the latest available data and insights as of January 2026.

Segment Analysis

By Product Type: Body Plethysmographs Hold the Core Base While Air Systems Grow Faster

Body plethysmographs captured 34.41% of the plethysmograph market size in 2025, which reflects their established role in measuring total lung capacity, residual volume, and airway resistance in formal respiratory testing environments. A 2025 peer-reviewed review also reinforced the clinical position of plethysmography-derived total lung capacity in COPD evaluation by showing a strong correlation with residual volume and hyperinflation severity. This keeps the plethysmograph market anchored in high-acuity lung assessment, where the accuracy of lung-volume measurement matters more than the convenience of lower-cost substitutes. It also supports durable demand from hospital laboratories that need reference-grade results for diagnosis, staging, and follow-up.

Air plethysmographs are forecasted to be the fastest-growing product type at 7.73% CAGR from 2026 to 2031, which shows how the plethysmograph market is broadening beyond its traditional respiratory core. Photo plethysmographs and impedance plethysmographs also retain meaningful roles, with photoplethysmography expanding through monitoring applications and impedance-based systems showing clinical utility in lower-extremity artery disease assessment. Venous occlusion and research-oriented systems remain smaller, but they still serve trial work and specialized physiology testing where precise blood-flow response data are needed. 

Plethysmograph Market Share by Product Type, 2025
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Plethysmograph Market Share by Product Type, 2025

By Application: Pulmonary Function Testing Keeps the Largest Share, While Cardiovascular Use Expands

Pulmonary function testing accounted for 38.52% of the plethysmograph market size in 2025, which shows that respiratory diagnostics still form the core demand base for the category. The plethysmograph market continues to benefit from the fact that accredited respiratory laboratories rely on consistent protocols and repeatable quality standards, which makes technology substitution slower in this application than in some simpler testing categories. As long as respiratory disease burden remains high, pulmonary function testing should remain the foundation of the plethysmograph market.

Cardiovascular disease diagnosis is expected to be the fastest-growing application at 7.14% CAGR through 2031, reflecting a wider clinical appreciation for plethysmography in peripheral arterial disease, venous insufficiency, and related hemodynamic assessment. A 2025 multicenter study showed that combining ankle-brachial index with pulse volume wave parameters improved peripheral arterial disease diagnostic sensitivity to 85.4%, compared with 67% for a single-parameter ABI approach. The plethysmograph market is therefore gaining from a broader buyer universe that now includes cardiology and vascular medicine alongside pulmonology. 

By End-User: Hospitals Lead the Installed Base While Pulmonary Care Centers Gain Speed

Hospitals held 42.11% of the plethysmograph market share in 2025, which reflects the capital intensity of the equipment and the long-standing concentration of advanced testing inside academic and teaching centers. The hospital setting remains important because it offers the physical space, staff depth, and patient mix needed to support full-scale plethysmography with acceptable utilization levels. Diagnostic laboratories remain a stable secondary group in the plethysmograph market because they can aggregate referral volumes and support dedicated respiratory workflows without carrying the full overhead structure of inpatient facilities. 

Pulmonary care centers are forecasted to grow at 8.04% CAGR through 2031, showing how the plethysmograph market is gradually following respiratory care into lower-cost outpatient settings. The plethysmograph market is better suited to this channel now because compact systems and remote monitoring tools make distributed deployment more practical than it was under older full-lab models. Other end-users, including pharmaceutical companies and contract research organizations, are also adding demand where respiratory endpoints require controlled and repeatable lung-function data.

Plethysmograph Market Share by End-User, 2025
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Plethysmograph Market Share by End-User, 2025

Geography Analysis

North America accounted for 45.31% of the plethysmograph market share in 2025, which made it the largest regional contributor to revenue. The region benefits from dense pulmonology laboratory networks, broader use of established pulmonary billing codes, and a care environment that supports more formal respiratory workups than many other markets. The United States remains the main country anchor because large hospitals and academic centers can support both the capital cost and the staffing requirements associated with advanced lung-function testing. The plethysmograph market also holds up well in North America because occupational assessment, specialty pulmonary care, and research activity all reinforce the installed base rather than depending on one demand channel alone.

Europe remained the second-largest regional market in 2025 and continued to show steady demand from established respiratory testing systems. The plethysmograph market in Europe benefits from structured clinical practice, strong specialist referral pathways, and a long-standing role for lung-volume measurement in COPD and restrictive disease workups. A 2025 peer-reviewed analysis also linked body plethysmography to higher sensitivity in restrictive ventilatory defects associated with long COVID, which supports continued clinical use across hospital respiratory services. At the same time, the full enforcement environment around the EU Medical Device Regulation in 2024 has raised compliance demands related to clinical evidence, quality systems, and post-market oversight. That regulatory pressure favors better-resourced suppliers in the plethysmograph market and makes it harder for smaller vendors to sustain participation without heavier investment in compliance.

Asia-Pacific is projected to record the fastest plethysmograph market growth at 9.11% CAGR through 2031. The plethysmograph market in the region is being lifted by healthcare infrastructure expansion, a large burden of chronic respiratory disease, and a rising need for specialist diagnostics outside the most established urban hospitals. Outside Asia-Pacific, demand in the Middle East and Africa remains concentrated in the GCC and select academic centers, while South America is led by private hospital demand and occupational health use, where capital budgets allow. The plethysmograph market, therefore, shows a clear regional split, with mature demand concentrated in North America and Europe, and faster incremental expansion coming from Asia-Pacific and selected emerging healthcare systems.

Plethysmograph Market Growth Rate by Region
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Competitive Landscape

The plethysmograph market is moderately concentrated, with a relatively small group of specialist respiratory and cardiopulmonary diagnostics companies setting the pace in advanced systems. ndd Medizintechnik AG, SCHILLER-GANSHORN, COSMED Srl, MGC Diagnostics, and a group of regional suppliers compete less on price than on measurement reliability, software depth, and service continuity. The plethysmograph market still leaves room for smaller players, but the need for regulatory compliance, quality assurance, and installed-base support limits how quickly new entrants can scale in premium clinical settings. This means competition tends to favor vendors that can pair credible hardware with durable service infrastructure and usable digital workflow tools.

A major theme in the plethysmograph market is the shift from stand-alone hardware competition to platform competition. ndd Medical Technologies signaled a shift in May 2026 with the launch of nddHub, which adds real-time performance monitoring and centralized fleet management across healthcare networks rather than only selling devices one unit at a time. MGC Diagnostics has expanded its position through both workflow and adjacent respiratory testing, including Ascent cardiorespiratory diagnostic software with 510(k) substantial equivalence determination and the U.S. launch of Fenom Flo for point-of-care airway inflammation assessment. These moves show that the plethysmograph market is rewarding vendors that make systems easier to integrate into broader respiratory and cardiopulmonary pathways.

Another important factor is that the plethysmograph market now places more value on digital support, guided testing, and networked oversight than it did a few years ago. ndd’s EasyOne Sky launch in November 2024, with guided coaching and cloud integration, reflected the broader push to reduce operator variability and improve quality monitoring across multiple sites. That matters because staffing shortages and throughput pressure can weaken utilization even when clinical need is clear, so vendors that simplify execution gain a practical advantage. The plethysmograph market is therefore likely to remain moderately concentrated, with leadership shaped by software-enabled workflow, regulatory discipline, and the ability to serve both hospital and decentralized care models.

Plethysmograph Industry Leaders

  1. Pfizer Inc.

  2. Teva Pharmaceutical Industries Ltd.

  3. Novartis AG

  4. Bayer AG

  5. Eli Lilly and Company

  6. *Disclaimer: Major Players sorted in no particular order
Plethysmograph Market Concentration
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Recent Industry Developments

  • May 2026: ndd Medical Technologies launched nddHub, a web-based portal powered by nddCloud, offering real-time respiratory testing performance monitoring and centralized fleet management across healthcare networks. The platform enables COPD screening trend tracking and care-gap identification at a system level, representing a strategic pivot from device sales to data-as-a-service monetization.
  • February 2026: MGC Diagnostics launched Fenom Flo in the United States, the only portable fractional exhaled nitric oxide (FeNO) device cleared by the FDA for a 6-second breath test in adults and pediatric patients aged 7 and older. The point-of-care launch expands MGC's cardiorespiratory diagnostics portfolio into inflammatory airway assessment, strengthening its positioning in pulmonary specialty clinics.
  • October 2025: COSMED acquired Bioparhom as part of efforts to increase the firm’s strength in body composition and metabolic assessment technologies. This move is indicative of strategic investments in innovative cardiopulmonary and physiological diagnostic technologies in relation to respiratory monitoring, pulmonary function testing, and plethysmography-related assessment technologies in Europe.

Table of Contents for Plethysmograph Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising Burden of COPD, Asthma, and Other Complex Respiratory Disorders
    • 4.2.2 Growing Demand for Gold-Standard Lung Volume Measurement in Pulmonary Labs
    • 4.2.3 Wider Adoption of Portable and Point-of-Care Respiratory Diagnostics
    • 4.2.4 Expanding Use in Occupational and Pre-Employment Respiratory Screening
    • 4.2.5 Shift Toward Calibration-Reduced Ultrasonic and Digital Plethysmography Platforms
    • 4.2.6 More Contract Research and Clinical Trial Demand for Lung Function Endpoints
  • 4.3 Market Restraints
    • 4.3.1 High Capital Cost and Facility Footprint of Body Plethysmograph Systems
    • 4.3.2 Limited Skilled Technicians for Correct Test Execution and Interpretation
    • 4.3.3 Reimbursement Variability Across Care Settings and Countries
    • 4.3.4 Infection Control, Cleaning, and Patient Throughput Constraints in Shared Labs
  • 4.4 Supply/Value Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Threat of New Entrants
    • 4.7.2 Bargaining Power of Suppliers
    • 4.7.3 Bargaining Power of Buyers
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Competitive Rivalry

5. Market Size & Growth Forecasts (Value, USD)

  • 5.1 By Product Type
    • 5.1.1 Body Plethysmographs
    • 5.1.2 Photo Plethysmographs
    • 5.1.3 Impedance Plethysmographs
    • 5.1.4 Air Plethysmographs
    • 5.1.5 Venous Occlusion Plethysmographs
    • 5.1.6 Other Product Types
  • 5.2 By Application
    • 5.2.1 Pulmonary Function Testing
    • 5.2.2 Cardiovascular Disease Diagnosis
    • 5.2.3 Peripheral Vascular Disease Monitoring
    • 5.2.4 Sleep Disorder Assessment
    • 5.2.5 Blood Flow Measurement
    • 5.2.6 Other Applications
  • 5.3 By End-User
    • 5.3.1 Hospitals
    • 5.3.2 Diagnostic Laboratories
    • 5.3.3 Pulmonary Care Centers
    • 5.3.4 Ambulatory Surgical Centers
    • 5.3.5 Other End-Users
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Spain
    • 5.4.2.6 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 Australia
    • 5.4.3.5 South Korea
    • 5.4.3.6 Rest of Asia-Pacific
    • 5.4.4 Rest of the World

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, Recent Developments)
    • 6.3.1 ACI Medical LLC
    • 6.3.2 BioTekna Srl
    • 6.3.3 COSMED Srl
    • 6.3.4 D.E. Hokanson, Inc.
    • 6.3.5 ELCAT GmbH
    • 6.3.6 GANSHORN Medizin Electronic GmbH
    • 6.3.7 Geratherm Medical AG
    • 6.3.8 Life Measurement, Inc.
    • 6.3.9 Medisoft, Inc.
    • 6.3.10 Medline Industries, Inc.
    • 6.3.11 MGC Diagnostics Corporation
    • 6.3.12 Mindray Medical International Limited
    • 6.3.13 Morgan Scientific
    • 6.3.14 ndd Medizintechnik AG
    • 6.3.15 Nihon Kohden Corporation
    • 6.3.16 Perimed AB
    • 6.3.17 PulmOne Advanced Medical Devices Ltd.
    • 6.3.18 SCHILLER AG
    • 6.3.19 SCIREQ Scientific Respiratory Equipment Inc.
    • 6.3.20 Siemens Healthineers AG
    • 6.3.21 Vyaire Medical, Inc.

7. Market Opportunities & Future Outlook

  • 7.1 White-space & Unmet-need Assessment

Global Plethysmograph Market Report Scope

According to the report’s scope, the plethysmograph market comprises devices used to measure changes in blood flow, limb volume, and lung function for diagnosing cardiovascular, vascular, and respiratory disorders. Market growth is driven by the rising prevalence of chronic diseases, increasing demand for non-invasive diagnostics, and advancements in plethysmography technologies.

The plethysmograph market is segmented into product type, application, end-user, and geography. By product type, the market is segmented into body plethysmographs, photo plethysmographs, impedance plethysmographs, air plethysmographs, venous occlusion plethysmographs, and other product types. By application, the market is segmented into pulmonary function testing, cardiovascular disease diagnosis, peripheral vascular disease monitoring, sleep disorder assessment, blood flow measurement, and other applications. By end-user, the market is segmented into hospitals, diagnostic laboratories, pulmonary care centers, ambulatory surgical centers, and other end-users. By geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The report also covers the estimated market sizes and trends for 13 countries across major regions globally. The report offers values (USD) for all the above segments.  

By Product Type
Body Plethysmographs
Photo Plethysmographs
Impedance Plethysmographs
Air Plethysmographs
Venous Occlusion Plethysmographs
Other Product Types
By Application
Pulmonary Function Testing
Cardiovascular Disease Diagnosis
Peripheral Vascular Disease Monitoring
Sleep Disorder Assessment
Blood Flow Measurement
Other Applications
By End-User
Hospitals
Diagnostic Laboratories
Pulmonary Care Centers
Ambulatory Surgical Centers
Other End-Users
By Geography
North AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-PacificChina
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
By Product TypeBody Plethysmographs
Photo Plethysmographs
Impedance Plethysmographs
Air Plethysmographs
Venous Occlusion Plethysmographs
Other Product Types
By ApplicationPulmonary Function Testing
Cardiovascular Disease Diagnosis
Peripheral Vascular Disease Monitoring
Sleep Disorder Assessment
Blood Flow Measurement
Other Applications
By End-UserHospitals
Diagnostic Laboratories
Pulmonary Care Centers
Ambulatory Surgical Centers
Other End-Users
By GeographyNorth AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-PacificChina
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World

Key Questions Answered in the Report

What is the expected growth path for the plethysmograph market demand through 2031?

The plethysmograph market is projected to move from USD 89.46 million in 2025 to USD 94.15 million in 2026 to USD 128.04 million by 2031 at a 6.34% CAGR, supported by rising respiratory disease burden and wider use across outpatient and vascular settings.

Why do body plethysmographs still lead revenue?

Body plethysmographs remained the largest product type with 34.41% Share in 2025 because they provide total lung capacity, residual volume, and airway resistance data that clinicians need in complex respiratory cases.

Which application is expanding the fastest?

Cardiovascular disease diagnosis is forecasted to grow at 7.14% CAGR through 2031 as plethysmography gains traction in peripheral arterial disease and venous assessment workflows.

Why is Asia-Pacific growing faster than other regions?

The plethysmograph market is projected to grow fastest in Asia-Pacific at a 9.11% CAGR, because healthcare infrastructure is expanding, and portable, lower-friction systems are better suited to distributed respiratory testing needs.

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