Respiratory Diagnostics Market Expands Strategic Key Regions to Geographic Segment by 2030

comentários · 42 Visualizações

People all around the world may have experienced some sort of respiratory infections. Respiratory.

People all around the world may have experienced some sort of respiratory infections. Respiratory disease may result in death on the off chance that they are not diagnosed properly. As per the Forum of International Respiratory Societies (FIRS), more than 1 billion persons are suffering from chronic respiratory conditions in which an estimated 235 million people are affected with asthma, over 200 million people have chronic obstructive pulmonary disease (COPD). Healthcare costs for respiratory diseases are an increasing burden on the economies of all countries. For example, the annual cost of asthma in the USA is estimated to be $18 billion. Usually common respiratory disease incorporates asthma, acute respiratory infections, chronic obstructive pulmonary disease, and others.

RESPIRATORY DIAGNOSTICS MARKET OUTLOOK

Constantly increasing incidence of respiratory diseases due to rising air pollution levels and technological advancement in respiratory diagnostic systems are the major factors driving the growth of the market. As reported by WHO, approximately 65 million people suffer from chronic obstructive pulmonary disease (COPD) and it leads to approximately 3 million deaths annually, making it the third leading cause of death worldwide. Changing lifestyles have a key role to play in the increasing prevalence of these disorders. Conversely, the lack of awareness among the populace of developing and less-developed countries is limiting the widespread adoption of respiratory diagnostics. Nevertheless, emerging markets such as Asia-Pacific provide new growth opportunities for players in the market by initiating awareness campaigns to raise the visibility of their offerings in these regions.

Get Free Sample Report for More Industry Insights: https://www.axiommrc.com/request-for-sample/hc1992-respiratory-diagnostics-market-report

RESPIRATORY DIAGNOSTICS MARKET SEGMENTAL OVERVIEW

The report analyses the Respiratory Diagnostics Market based on products and service, test types, disease, end user and geography. 

RESPIRATORY DIAGNOSTICS MARKET BY PRODUCT AND SERVICE

On the basis of product and service, the market is bifurcated into Instruments Devices, Assays Reagents and Services Software. The instrument segment is anticipated to hold for the major share of the market. This can be attributed to the constant requirement of diagnostic instruments and devices in laboratories, home care diagnosis, and point of care diagnosis.

RESPIRATORY DIAGNOSTICS MARKET BY TEST TYPES 

Based upon test type, the global respiratory diagnostics market is bifurcated into mechanical tests, imaging tests, traditional diagnostic tests, and molecular diagnostic tests. The mechanical functional test is further divided into spirometry, peak flow test, OSA diagnostic tests and others. The imaging test is sub categorised into X-Ray, Computed Tomography, Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET) and other imaging tests. Further, the traditional diagnostic segment is sub categorised into immunodiagnostics, biochemical characterization and microscopy. And molecular diagnostic comprises of PCR, Nucleic Acid Amplification Test, In Situ Hybridization, Nucleic Acid Amplification Test, DNA Sequencing Next-Generation Sequencing (NGS), Microarrays and other Molecular Diagnostic Tests. Among aforementioned test types, traditional diagnostic tests are observed to be most widely used test type segment, it can be primarily attributed to the quick turnaround time of these tests.

RESPIRATORY DIAGNOSTICS MARKET BY DISEASE 

By disease type, the respiratory diagnostics market is categorised into asthma, chronic obstructive pulmonary disease, lung cancer, tuberculosis, acute respiratory infection and other diseases. The tuberculosis segment is expected to account for the significant share of the market. Growing burden of TB due to the increase in tobacco smoking and growing air pollution levels.is the primary factor attributed for the lucrative market growth. As per the World Health Organization, the global estimates of patients afflicted with TB were around 9.6 million in 2014. Which highlights the growing demand of the respiratory diagnostic need for the disease. 

RESPIRATORY DIAGNOSTICS MARKET BY END USER 

The Respiratory Diagnostics Market by end user, is bifurcated into hospital/clinical laboratories, reference laboratories, physician offices and other end users. Hospitals/ clinics segment is anticipated to observe lucrative growth over the forecast period attributed to the fact that instead of referring patients to outdoor labs, physicians prefer in-house options. Further, advanced disease diagnostic equipment installation such as X-ray machines and measurement devices and respiratory measurement instruments including spirometers, pulse oximeters, and non-invasive ventilators in hospitals result in higher revenue generation.

RESPIRATORY DIAGNOSTICS MARKET BY GEOGRAPHY 

Geographically, the global Respiratory Diagnostics Market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).

North America accounted for the largest share of the Respiratory Diagnostics Market in 2018 followed by Europe and Asia Pacific. The dominance of the North America region is attributed to the y the rising prevalence of respiratory diseases, generous investments and funding available for research in this field existing well-established healthcare system, rising geriatric population, quick adoption of new innovative products, and the presence of the key players in this region.

Moreover, Asia-Pacific region is observing robust growth in the market owing to the improving health care infrastructure and increasing patient awareness regarding availability of diagnostic procedures coupled with the rising prevalence of respiratory diseases, presence of large patient pool, booming medical tourism industry, and growing investments by market players in the region. 

RESPIRATORY DIAGNOSTICS MARKET KEY PLAYERS 

The key players operating the respiratory diagnostics market globally are Philips Healthcare, Becton, Dickinson Company, Abbott Laboratories, Thermo Fisher Scientific Inc., Biomérieux, Alere Inc., Bio-Rad Laboratories, Inc., Cosmed, Seegene Inc., SDI Diagnostics, Koninklijke Philips N.V.(Respironics), ResMed Company, Fischer Paykel, Medtronic, MGC Diagnostics Corporation and Subsidiaries, CAREstream Medical Ltd and others.

Request For Best Pricing :- https://www.axiommrc.com/request-for-sample/hc1992-respiratory-diagnostics-market-report

About Us:

Axiom Market Research Consulting™ is a full-service market research and data analytics company providing key market intelligence to global companies to take informed business decisions pertaining to their marketing strategy, investments, new product launches, market competition, consumer or end users, social media trends etc. Axiom Market Research Consulting™ offers market research services such as syndicated market research, custom market research, business consulting, and consumer/end user surveys. Under Business to Consumer (B2C) market research offerings, Axiom MRC assists its clients in finding quantitative information/preferences of its brands and services such as, awareness, usages, satisfaction, tracking, ethnicity etc. Axiom MRC offers data collection services through online surveys, social media, data processing and interpretation.Axiom MRC with its experienced team of research and data analysts, has delivered more than 5000+ Market Research Projects, 3800+ Data Analytics Projects, 1200+ Business Support Projects and has a 800+ Global Client Base. Axiom Market Research Consulting™ aims to become the preferred market research and data Analytics Company by providing key market intelligence solutions for client’s business growth.

Contact Us:

Axiom Market Research Consulting™

3 Germay Dr. Ste 4 - 4666

Wilmington DE 19804

U.S.:- + 1 (845) 875-9786

U.K.:- + 44 (0) 20 3286 9707

Email: sales@axiommrc.com

Website: https://www.axiommrc.com/

Follow On

LinkedIn: https://www.linkedin.com/company/axiom-market-research-and-consulting/

Twitter: https://twitter.com/AxiommrcCom

comentários