Lung Function Tests Market Analysis, Revenue Share, Company Profiles, Launches, & Forecast Till 2027
The global lung function tests market is expected to grow at a CAGR of 5.7% during the forecast period.
Lung
function tests are a part of routine diagnostic tests recommended by the
healthcare provider. These tests are used to diagnose number of respiratory
diseases such as chronic obstructive pulmonary disease (COPD), and allergic
conditions such as asthma. It comprises of tests such as spirometry, gas
diffusion test, body plethysmography, bronchial provocation test, and others.
Lung function tests also determine the whether the lungs are working properly,
and their capacity to carry out respiration, thus making it necessary to identify
the mode of treatment, and administration of drugs.
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Prevalence
of asthma is on the rise across the globe, especially in the developing
countries. The market is driven by the increasing prevalence of respiratory
diseases in urban areas for developing countries, and rising geriatric
population. Additionally, increasing research and development activities, and
technological advancements to identify the causes and risk factors for
infectious lung diseases are fuelling the global lung function tests market
growth.
Taste the
market data and market information presented through more than 55 market data
tables and figures spread over 101 pages of the project report. Avail the
in-depth table of content (TOC) & market synopsis on “Lung Function Tests
market research report–Global forecast till 2023.”
Major
Players in Lung Function Tests Market:
Some of the
key players in the global market are CareFusion Corporation (U.S.), MGC
Diagnostic Corporation (U.S.), General Electric Company (U.S.), Perkin Elmer
(U.S., Carestream Health, Inc. (U.S.), COSMED srl (Italy), NIHON KOHDEN
CORPORATION (Japan), and others.
Regional
Analysis
The lung
function tests market is growing at a rapid pace in the Americas owing to
emphasis on healthy lifestyle, and prevention of lung diseases. Also,
increasing demand for technologically advanced diagnostic devices and the
presence of major market players adding fuel to the growth of the market.
In Europe,
the prevalence of allergic conditions is high, especially asthma, and allergy
rhinitis. Rising prevalence of allergic conditions, and extensive research and
development activities on the medical devices drive the market growth.
In Asia
Pacific, the increasing prevalence of asthma, chronic obstructive pulmonary
disease, poor healthcare system, and availability of diagnostic services leads
the market growth. According to the data from GLOBOCAN, in 2012, the
age-standardized rate (ASR) of incidence of gastrointestinal diseases in Asia
Pacific was 15.8 and mortality was 11.7 per 100,000 person. According to World
Health Organization (WHO), the geriatric population in China in the year 2013 was
22.6 million which is expected to show a massive growth to 90.4 million in
2050.
In the
Middle East & Africa, the demand for medical devices is increasing for the
diagnosis of chronic diseases such as COPD and others. Rising awareness about
lung diseases among the adults, and development of the healthcare sector in the
African countries also drive the growth of the market.
Segmentation
The global
lung function tests market is segmented on the basis of type, indication,
devices, and end user.
On the
basis of the type, the market is segmented into spirometry, gas diffusion test,
body plethysmograph, bronchial provocation test, and others.
On the
basis of the indication, the market is segmented into asthma, chronic
bronchitis, respiratory infections, chronic obstructive pulmonary disease,
cystic fibrosis, pneumonia, lung cancer, and others.
On the
basis of the devices, the market is segmented into spirometer, breath CO
monitor, oscillometer, ergospirometer, dose controlled drug nebulizer, and
others.
On the basis
of the end user, the market is segmented into hospitals, clinics, diagnostic
centers, and others.
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