Global Respiratory Disease Testing Market is anticipated to rise at a value CAGR of 7.9 % over 2019-2028. According to a study published by Insure Insights on the Global Respiratory Disease Testing Market. Respiratory Disease Testing is basically a diagnosis of respiratory organs it is done by a various test like Imaging tests, Mechanical Tests, and Molecular diagnostic tests. The testing is done by measuring the capacity to hold, move air, and to absorb oxygen. The government initiatives for research activities and grants for Tuberculosis treatments have driven the market growth
Top Driver: The surge in Coronavirus cases have lifted the market of respiratory disease testing
The recent outbreak of COVID-19, and the growing number of cases of COVID and significantly boosted the market additionally the rise in the prevalence of respiratory diseases Like Asthma COPD, Lung Cancer around the globe has enhanced market growth. The increase in the air pollution level and Lifestyle habits like smoking have pushed forward the market growth. The technological advances in testing equipment like Computed Tomography (CT) further boosted the market
Image testing has dominated the growth of the Global Respiratory Disease Testing Market
Based on the Test Type, Image testing segment has held the highest segmental growth, The Image testing’s like x-ray imaging and other imaging modalities are poised to be more efficient for proper diagnosis and produce a clear picture of disease condition. The increasing demand for CT imaging is anticipated to boost the market further
In terms of the Application, Tuberculosis segment has gained the most remarkable growth attributed to the increase in the number of smokers and growing air pollution levels and thus have created the need for respiratory disease testing. The increase in the government initiatives for tuberculosis treatment has boosted the segmental growth, based on the End User, Hospitals segment have held the most significant growth due to better diagnostic capabilities in hospitals, additionally the presence of sophisticated healthcare infrastructure, and availability of trained physicians in the hospitals has enhanced the demand for hospitals for Respiratory testing
North America boosts the regional market due to the presence of key players
The rise in the occurrence of respiratory diseases like COPD, asthma, and other respiratory infections, lifestyle habits like smoking, and the growth in the geriatric population has highly contributed to the regional growth The technological advances in respiratory disease diagnosis, and government initiative for better treatment have enhanced the growth of the regional market. The advent of portable devices, like advanced spirometers & noninvasive ventilators, medical tourism has further boosted the regional market.
Product launches, Strategic Collaborations, Mergers, and Acquisition, are the major strategies of the competitors
The Players of the Global Respiratory Disease Testing Market is fragmented. Product launches, Collaborations, Mergers, and Acquisition, are strategies used by the competitors The key competitors of the Global Respiratory Disease Testing Market are Becton Dickinson; Koninklijke Philips N.V; ResMed Company; Fischer & Paykel; MGC Diagnostics Corporation and Subsidiaries; CAREstream Medical Ltd, Thermo Fisher Scientific Inc.; Medtronic and Alere, Inc.
Becton Dickinson: Becton Dickinson is a popular competitor in the Global Respiratory Disease Testing Market. In October 2018, Becton Dickinson had announced the launch of the BD Max MDR-TB panel in Europe. This device is used to detect the Tuberculosis, by detecting the bacteria that cause Tuberculosis and to determine whether the bacteria contain mutations associated with resistance to two crucial first-line drugs like isoniazid and rifampicin.
CAREstream Medical Ltd: CAREstream Medical Ltd is a popular competitor in the Global Respiratory Disease Testing Market. In June 2019, CAREstream Medical had announced its acquisition of Christie Medical Holdings, Inc. they are a leader in vein visualization. This acquisition was made to strengthen CAREstream Medical product portfolio.
Scope of the Report
By Test Type
By End Use
Key Reasons to Purchase this Report
Table of Content
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