Respiratory Disease Testing Market Size, Industry Analysis Report, Regional Outlook, Application Growth Potential, Competitive Market Growth & Forecast, 2020 - 2026

Report ID: GMI1871

Summary Methodology

Respiratory Disease Testing Market size is projected to experience significant growth from 2017 to 2024.

Respiratory disease testing market should witness substantial growth due to increased prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD) and asthma over the last few years. Increasing pollution and tobacco consumption coupled with rising geriatric population base and technological advancement in respiratory devices should drive respiratory disease testing market size over the forecast period.

According to the International Respiratory Societies Forum, in 2014, over 200 million people across the world had COPD and nearly 235 million people were suffering from asthma. Furthermore, over 50 million individuals struggle with occupational lung disorder every year. These factors should drive respiratory disease testing market growth. Increasing healthcare expenses and reimbursement concern may restrain the industry growth during the forecast period. Low adoption rate of portable spirometers and digital radiography can also hinder the respiratory disease testing market size.

Imaging tests includes x-rays, computed tomography (CT), magnetic resonance imaging, nuclear scanning, ultrasonography, and positron emission tomography (PET) scanning. Chest x-rays provide detailed framework of the heart and major blood vessels, it can also reveal serious disorder in the lungs and chest wall.

Chest x-ray reveal chronic obstructive pulmonary disease, pneumonias, atelectasis, lung tumors and pneumothorax or pleural effusion in the pleural space. It helps doctors to determine other tests required for the diagnosis. Measurement devices include respirometers, spirometers, capnographs, pulse oximeters and peak flowmeters. Demand for pulse oximeters is rising in comparison with other devices due to precise and effective diagnosis in short time and increasing adoption for these testing devices by physicians.

Hospitals contributed for significant revenue share over the forecast timeframe. The growth is attributed to advanced disease diagnostic equipment installation such as X-ray machines and measurement devices. Furthermore, increased patient visit will drive the segment growth. Diagnostic laboratories and clinics are profitable segments due to their increased demand for appropriate testing procedure and fast results.   

U.S. respiratory disease testing market contributed for significant growth over the forecast period. The growth is attributed due to growing prevalence of respiratory diseases coupled with increasing geriatric population base. Moreover, presence of advanced healthcare system and robust distribution channel for diagnostic devices should drive industry growth. Advanced healthcare infrastructure, increased healthcare expenditure, and favourable reimbursement policies will boost Canada respiratory disease testing market share.

Germany will experience significant growth over the forecast period. The growth is attributed to growing demand for highly innovative technologies and devices. The German Center for Lung Research is an association of non-university and university institutes all over the Germany that are engaged in lung research. The purpose of the association is to develop innovative disease-specific diagnostic therapies.  

Companies operating in respiratory disease testing market includes Becton Dickinson, Koninklijke Philips, ResMed Company, Fischer & Paykel, GE Healthcare, Medtronic, Nihon Kohden Corporation, MGC Diagnostics and CAREstream Medical. Companies are mainly focusing on new product launch and merger & acquisition strategy to gain revenue. For instance, in May 2017, Philips acquired RespirTech. The RespirTech clinical support program will strengthen Philips aim to offer cost-effective and clinically focused services.  

What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Customize this Report

Pre Book Now

Single User: $5,150 Access to only 1 person; cannot be shared; cannot be printed
Multi User: $7,150 Access for 2 to 5 users only within same department of one company
Enterprise User: $9,150 Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Connect with our sales team

GMIPulse Subscription Trial

Take a free trial of GMIPuse, our report store; designed to provide clients a range of market research services, all on a single platform.

Start Your Free Trial

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X