San Francisco, 27
November 2018: The global respiratory diseases testing market is expected to reach USD 6.7 billion by 2025,
according to a new report by Grand View Research, Inc. The market is driven by
the rising prevalence of respiratory diseases. As per Forum of International
Respiratory Societies, more than 200 million people across the globe suffered
from Chronic Obstructive Pulmonary Disease (COPD) and 235 million suffered from
asthma in 2014. In addition, the source stated that more than 50 million people
struggle with occupational lung diseases annually. Thus, constantly growing
target patient population is anticipated to drive the growth.
The adoption of
innovative technologies, such as Computed Tomography (CT), for COPD diagnosis
is expected to drive the growth. The other new technology in acute medical
management of COPD is pulse oximeter that is used for outpatient
monitoring. Airway management plays a main role in testing and management
of COPD. Also, with recent technological innovations, there has been a 12.1 %
increase in the use of Noninvasive Mechanical Ventilation (NIV) for management
of COPD. Along with technological advancements, use of digital radiography
(X-ray) and advanced portable spirometers is gaining momentum in the market.
Access Research Report
of Respiratory Disease
Testing Market@
Further key findings from the study suggest:
· The growing prevalence of COPD and asthma
across the globe is expected to increase the demand for respiratory disease
testing devices and thereby drive the market growth
· In products, imaging tests held the largest
share in 2016 due to rapid development and adoption of innovative technologies
· In respiratory measurement, spirometers,
pulse oximeters, ventilators, capnographs, and other noninvasive ventilators
used for measurement of lung capacity are expected to grow at a rate of more
than 4% over the forecast period
· In end-use, hospitals segment held the
largest share in 2016 and is anticipated to grow over the forecast period
· North America the largest market share in
2016. Growing prevalence of respiratory diseases such as COPD, asthma is
increasing the demand for respiratory disease testing/diagnostic in North
American countries.
· Asia Pacific region is expected to grow at
the fastest rate during the forecast period. This growth can be attributed to
various factors such as improving health care infrastructure and increasing
patient awareness regarding the availability of new diagnostic techniques for
respiratory diseases, such as COPD & asthma.
· Some of the major players competing in this
market include, but are not limited to, Becton Dickinson (Carefusion
Corporation); Koninklijke Philips N.V. (Respironics); ResMed Company;
Fischer & Paykel; and Medtronic. These players are strong brands in the
market as they have elaborate product portfolios in respiratory disease testing
market.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has
segmented the respiratory disease testing/diagnostics market by product,
end-use and regions.
Product Outlook (Revenue, USD Million; 2014 - 2025)
·
Imaging test
·
Respiratory Measurement
·
Blood gas test
·
Other
End-use Outlook (Revenue, USD Million; 2014 - 2025)
·
Hospitals
·
Physician clinics
·
Clinical laboratories
·
Others
Regional Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
·
Latin America
o
Mexico
o
Brazil
·
MEA
o
South Africa
Access Press Release of
Respiratory Disease Testing Market@ www.grandviewresearch.com/press-release/global-respiratory-disease-testing-diagnostics-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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