Respiratory Disease Testing/Diagnostics Market Is Projected To Witness Growth Based On Growing Prevalence Of COPD & Asthma Across The Globe Till 2025:Grand View Research,inc.
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.
Browse full research report on Respiratory Disease
Testing/Diagnostics Market: http://www.grandviewresearch.com/industry-analysis/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: http://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
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Latin
America
- Mexico
- Brazil
- MEA
- South
Africa
Access Press Release
By Grand View Research: http://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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