Respiratory Disease Testing Market To Worth $6.7 Billion By 2025 Respiratory Disease Testing Market | Page 2

The adoption of innovative technologies, such as Computed Tomography (CT), for
COPD diagnosis is expected to drive the growth. The other new technology in acute
medical management of COPD is pulse oximeter that is used for outpatient monitoring.
Airway management plays a main role in testing and management of COPD. Also, with
recent technological innovations, there has been a 12.1 % increase in the use of
Noninvasive Mechanical Ventilation (NIV) for management of COPD. Along with
technological advancements, use of digital radiography (X-ray) and advanced portable
spirometers is gaining momentum in the market.
Further key findings from the study suggest:
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The growing prevalence of COPD and asthma across the globe is expected to
increase the demand for respiratory disease testing devices and thereby drive the
market growth
In products, imaging tests held the largest share in 2016 due to rapid development
and adoption of innovative technologies
In respiratory measurement, spirometers, pulse oximeters, ventilators,
capnographs, and other noninvasive ventilators used for measurement of lung
capacity are expected to grow at a rate of more than 4% over the forecast period
In end-use, hospitals segment held the largest share in 2016 and is anticipated to
grow over the forecast period
North America the largest market share in 2016. Growing prevalence of respiratory
diseases such as COPD, asthma is increasing the demand for respiratory disease
testing/diagnostic in North American countries.
Asia Pacific region is expected to grow at the fastest rate during the forecast
period. This growth can be attributed to various factors such as improving health
care infrastructure and increasing patient awareness regarding the availability of
new diagnostic techniques for respiratory diseases, such as COPD & asthma.
Some of the major players competing in this market include, but are not limited to,
Becton Dickinson (Carefusion Corporation); Koninklijke Philips N.V. (Respironics);
ResMed Company; Fischer & Paykel; and Medtronic. These players are strong
brands in the market as they have elaborate product portfolios in respiratory
disease testing market.
Read our blog on Respiratory Disease Testing Market:
http://www.grandviewresearch.com/blog/respiratory-disease-testing-market-size-
share
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