Respiratory Disease Testing/Diagnostics Market Report

Respiratory Disease Testing/Diagnostics Market Analysis By Product (Imaging Tests, Respirometers, Blood Gas Tests), By End-use (Hospitals, Physicians Clinic, Clinical Laboratories, Ambulatory Services), And Segment Forecasts, 2014 - 2025

Published: April 2017  |  90 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-807-7

Industry Insights

The global respiratory disease testing/diagnostics market size was valued at USD 5.0 billion in 2016 and is expected to grow at a CAGR of 3.3% over the forecast period. Constantly rising incidence of respiratory diseases owing to escalating air pollution levels is the prime factor driving the growth of the market. As reported by CDC, Chronic Obstructive Pulmonary Disease (COPD) was the third main cause of death in the U.S. in 2014.

The rising rate of pollutants in air and release of hazardous gases causing lung diseases are augmenting cases COPD and other respiratory diseases around the world. The other factors driving the overall growth include spread of infections such tuberculosis, and hospital acquired infection where these tests are used as a preliminary detection tool.

Japan respiratory disease testing market, by product, 2014 - 2025 (USD Million)

Japan respiratory disease testing market

The adoption of imaging technologies, such as Computed Tomography (CT), in COPD diagnosis is expected to drive the growth. Use of technically advanced devices, such as pulse oximeters, for effective management of COPD in outpatients is rapidly gaining recognition in the market place. Also, shift to noninvasive mechanical ventilation for COPD is expected to fuel the market growth.

Product Insights

Imaging tests captured the largest revenue share of the global market in 2016. Prime reason for the dominance of the segment is increased adoption of x-ray imaging and other imaging modalities for better visualization and clear picture of disease condition. Furthermore, increasing demand for CT imaging is expected to drive the growth. As a result, the segment is expected to maintain its dominance throughout the forecast period.

Respiratory measurement devices, also referred as respirometers, include spirometers, pulse oximeters, capnographs, and peak flowmeters. Demand for pulse oximeters in this segment is higher compared to other devices. Accurate and effective diagnosis in short time and preference for these tests by physicians are expected to trigger the growth of the segment over the forecast period.

End-use Insights

Hospitals segment accounted for the largest revenue share in 2016. Installation and use of advanced respiratory diagnostic equipment, such as X-ray machines and respiratory measurement instruments including spirometers, pulse oximeters, and noninvasive ventilators in hospitals result in higher revenue generation.

Furthermore, instead of referring patients to outdoor labs, physicians prefer in-house options. In addition, hospital being highest revenue generating segment of the market with largest number of patient visits, hospital and physician’s clinic segments are anticipated to grow at a significant growth during the forecast period.

Global respiratory disease testing market, by end-use, 2016 (%)

Global respiratory disease testing market

Regional Insights

North America captured the largest market share of more than 30% in 2016. Rising prevalence of respiratory diseases such as COPD, asthma, and other respiratory infections is the prime reason for dominance of North America. Furthermore, rising popularity of portable devices, such as advanced spirometers & noninvasive ventilators, are driving the growth.

Asia Pacific is expected to grow at the fastest rate during the forecast period. This growth can be mainly attributed improving health care infrastructure and increasing patient awareness regarding availability of diagnostic procedures. In addition, rising prevalence of respiratory diseases, booming medical tourism industry, and growing investments by market players in the region are some additional factors anticipated to fuel the market growth in Asia Pacific as well as Latin America.

Competitive Outlook

Some of the major players competing in include, but are not limited to, Becton Dickinson (Carefusion Corporation); Koninklijke Philips N.V.(Respironics); ResMed Company; Fischer & Paykel, Medtronic; MGC Diagnostics Corporation and Subsidiaries; and CAREstream Medical Ltd. The players such as Becton Dickinson (Carefusion Corporation), Koninklijke Philips N.V. (Respironics), and ResMed Company have a strong market presence due to wide product portfolio.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historic data

2014 - 2015

Forecast period

2017 - 2025

Market representation

Revenue in USD Million & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America& MEA

Country scope

U.S., Canada, UK, Germany, China, Japan, Brazil, Mexico, & South Africa

Report coverage

Revenue, company share, competitive landscape, growth factors, trends

15% free customization scope (equivalent to 5 analysts working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, & country levels and provides an analysis on the latest trends and opportunities in each of the sub segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the respiratory diseases/diagnostics testing market on the basis of product, end-use, and region:

  • Product Outlook (Revenue, USD Million; 2014 - 2025)

    • Imaging test

    • Respiratory Measurement

    • Blood gas test

    • Other

  • End-use Outlook (Revenue, USD Million; 2014 - 2025)

    • Hospitals

    • Physician clinics

    • Clinical laboratories

    • Others

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • Japan

    • Latin America

      • Mexico

      • Brazil

    • MEA

      • South Africa

Key questions answered by the report
Request for Customization

Choose License Type:

Single User - $4,950
Multi User - $7,950
Enterprise User - $9,950

Special Pricing & Discounts

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA