The Respiratory Devices And Equipment (Diagnostic) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Respiratory Devices And Equipment (Diagnostic) Global Market Report 2024, The respiratory devices and equipment (diagnostic) market size has grown strongly in recent years. It will grow from $7.4 billion in 2023 to $8.02 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to chronic respiratory diseases, aging population, smoking and environmental factors, technological advancements.
The respiratory devices and equipment (diagnostic) market size is expected to see strong growth in the next few years. It will grow to $11.31 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to respiratory infections, telemedicine and remote monitoring, personalized medicine, ai and machine learning. Major trends in the forecast period include pulmonary function testing (pft), home respiratory monitoring, telemedicine integration, smoking cessation aids.
The increasing prevalence of various respiratory diseases contributed to the global respiratory devices and equipment market growth by increasing the use of diagnostic devices and equipment for diagnosis and treatment. Diseases such as chronic obstructive pulmonary disease (COPD) are more prevalent in the geriatric population. COPD is a type of obstructive lung disease that results in long-term breathing problems. For instance, in June 2021, according to the world health organization data, chronic obstructive pulmonary disease (COPD) is the third disease on the list of causing death in the world. There are about 3.23 million deaths that are caused by chronic obstructive pulmonary disease (COPD).. Thus, the increased number of such cases has surged the demand for diagnostic devices and equipment, therefore driving the growth of respiratory devices and equipment (diagnostic) market.
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The respiratory devices and equipment (diagnostic) market covered in this report is segmented –
1) By Product: Instruments And Devices; Assays And Reagents
2) By Test Type: Traditional Diagnostic Tests; Mechanical Tests; Imaging Tests; Molecular Diagnostic Tests
3) By Disease Type: Chronic Obstructive Pulmonary Disease; Lung Cancer; Asthma; Tuberculosis; Other Diseases
4) By End User: Hospital/Clinical Laboratories; Physician Offices; Reference Laboratories; Other End Users
The respiratory devices and equipment (diagnostic) market report table of contents includes:
- Executive Summary
- Respiratory Devices And Equipment (Diagnostic) Market Characteristics
- Respiratory Devices And Equipment (Diagnostic) Market Trends And Strategies
- Respiratory Devices And Equipment (Diagnostic) Market – Macro Economic Scenario
- Global Respiratory Devices And Equipment (Diagnostic) Market Size and Growth
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- Global Respiratory Devices And Equipment (Diagnostic) Market Competitive Benchmarking
- Global Respiratory Devices And Equipment (Diagnostic) Market Competitive Dashboard
- Key Mergers And Acquisitions In The Respiratory Devices And Equipment (Diagnostic) Market
- Respiratory Devices And Equipment (Diagnostic) Market Future Outlook and Potential Analysis
- Appendix
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