Global Respiratory Diagnostics Market, By Product and Services (Instruments and Devices, Assays and Reagents, Services and Software), Test Type (Traditional Diagnostic Tests, Mechanical Tests, Imaging Tests, Molecular Diagnostic Tests), Diseases (Chronic Obstructive Pulmonary Disease (COPD), Lung Cancer, Asthma, Tuberculosis, Bronchitis, Pulmonary Fibrosis, Other Diseases), End User (Hospital/Clinical Laboratories, Physician Offices, Reference Laboratories, Other End Users), Distribution Channel (Direct Tender, Retail Sales, Other) – Industry Trends and Forecast to 2029.
Global Respiratory Diagnostics Market Analysis and Size
According to Forum of International Respiratory Societies (FIRS), each year 4 million people die from chronic respiratory disease. This indicates that respiratory disorders are on the rise on global basis. This has resulted in innovations by the major players pertaining to diagnostic medical products and technologies, thereby carving the way for the growth and acceptance of respiratory diagnostics.
- Data Bridge Market Research analyses that the respiratory diagnostics market is expected to undergo a CAGR of 8.00% during the forecast period. This indicates that the market value, which was USD 7.45 billion in 2021, would rocket up to USD 13.78 billion by 2029. “Hospital/Clinical Laboratories” dominates the end user segment of the respiratory diagnostics market owing to the growing number of hospitals in the developing economies.
Global Respiratory Diagnostics Market Definition
From the name itself, it is clear that respiratory diagnostics are the medical products and technologies that are used to diagnose the respiratory diseases and disorders in the patients. Respiratory diagnostics if effective as it can diagnose the diseases at an early stage.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product and Services (Instruments and Devices, Assays and Reagents, Services and Software), Test Type (Traditional Diagnostic Tests, Mechanical Tests, Imaging Tests, Molecular Diagnostic Tests), Diseases (Chronic Obstructive Pulmonary Disease (COPD), Lung Cancer, Asthma, Tuberculosis, Bronchitis, Pulmonary Fibrosis, Other Diseases), End User (Hospital/Clinical Laboratories, Physician Offices, Reference Laboratories, Other End Users), Distribution Channel (Direct Tender, Retail Sales, Other)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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GENERAL ELECTRIC COMPANY (US), Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), COSMED srl (Italy), F. Hoffmann-La Roche Ltd (Switzerland), NIHON KOHDEN CORPORATION (Japan), Drägerwerk AG & Co. KGaA (Germany), Bio-Rad Laboratories, Inc. (US), GC Diagnostics Corporation (South Korea), Masimo (US), bioMérieux SA (France), Carestream Health (US), Thermo Fisher Scientific Inc. (US), Novartis AG (Switzerland), Abbott (US), Johnson & Johnson Services, Inc. (US), GlaxoSmithKline plc (UK), Bayer AG (Germany) and BD (US)
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Market Opportunities
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Respiratory Diagnostics Market Dynamics
Drivers
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Rising Prevalence of Conditions
Growing incidence rate of respiratory diseases disorders globally is one of the major factors fostering the growth of the market. Lung cancer, tuberculosis, bronchitis, pneumonia and emphysema are the common respiratory conditions found globally. More than 1 million cases of lung cancer per year are witnessed in India and this condition may prevail for lifetime if not treated properly.
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Research and Development Proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the advancements in medical technologies and devices is also bolstering the market growth rate.
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Growing Investment for Healthcare Facilities
Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.
Opportunities
Furthermore, upsurge in the public-private funding for target research activities, growing number of alcohol consumers and smokers and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, unhealthy lifestyle of individuals, rising internet penetration rate, rising geriatric population base, increasing pollution level, product development and commercialization and increasing per capita expenditure on health care will further expand the market's growth rate in the future.
Restraints/Challenges Global Respiratory Diagnostics Market
On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities, uneven distribution of medical services, dearth of skilled medical professionals, and dearth of awareness in the backward economies are expected to obstruct market growth. Also, lack of favorable reimbursement scenario and technology penetration in the developing economies, emergence of alternative technologies, limited insurance coverage and regulatory compliance, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2022-2029.
This respiratory diagnostics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the respiratory diagnostics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Respiratory Diagnostics Market
The COVID-19 pandemic essentially affected the market. This is because of the fact that majority of the healthcare resources were directed towards meeting the demand arising out of COVID-19 patients. Postponement of non-elective surgeries and non-essential healthcare procedures has further derailed the market growth rate in this pandemic period. Lockdowns, quarantines, and social distancing have enhanced many posture-related problems. Further, restrictions imposed on travel owing to the lockdown regulations further challenged the market growth rate in this period. However, the post pandemic period will help to generate profits and revenues.
Global Respiratory Diagnostics Market Scope
The respiratory diagnostics market is segmented on the basis of product and services, test type, diseases, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product and services
- Instruments and Devices
- Assays and Reagents
- Services and Software
On the basis of product and services, the respiratory diagnostics market is segmented into instruments and devices, assays and reagents and services and software.
Test type
- Traditional Diagnostic Tests
- Mechanical Tests
- Imaging Tests
- Molecular Diagnostic Tests
On the basis of test type, the respiratory diagnostics market is segmented into traditional diagnostic tests, mechanical tests, imaging tests and molecular diagnostic tests.
Diseases
- Chronic Obstructive Pulmonary Disease (COPD)
- Lung Cancer
- Asthma
- Tuberculosis
- Bronchitis
- Pulmonary Fibrosis
- Other Diseases
On the basis of diseases, the respiratory diagnostics market is segmented into chronic obstructive pulmonary disease (COPD), lung cancer, asthma, tuberculosis, bronchitis, pulmonary fibrosis and other diseases.
End user
- Hospital/Clinical Laboratories
- Physician Offices
- Reference Laboratories
- Other End Users
On the basis of end user, the respiratory diagnostics market is segmented into hospital/clinical laboratories, physician offices, reference laboratories and other end users.
Distribution channel
- Direct Tender
- Retail Sales
- Other
On the basis of distribution channel, the respiratory diagnostics market is segmented into direct tender, retail sales and other.
Respiratory Diagnostics Market Regional Analysis/Insights
The respiratory diagnostics market is analysed and market size insights and trends are provided by country, product and services, test type, diseases, end user and distribution channel as referenced above.
The countries covered in the respiratory diagnostics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates market because of the rising prevalence of respiratory diseases and growing geriatric population in the region. Asia-Pacific will score the highest CAGR owing to the rising geriatric population base and increasing personal disposable income.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The respiratory diagnostics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for respiratory diagnostics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the respiratory diagnostics market. The data is available for historic period 2010-2020.
Competitive Landscape and Respiratory Diagnostics Market Share Analysis
The respiratory diagnostics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to respiratory diagnostics market.
Some of the major players operating in the respiratory diagnostics market are:
- GENERAL ELECTRIC COMPANY (US)
- Koninklijke Philips N.V. (Netherlands)
- Medtronic (Ireland)
- COSMED srl (Italy)
- F. Hoffmann-La Roche Ltd (Switzerland)
- NIHON KOHDEN CORPORATION (Japan)
- Drägerwerk AG & Co. KGaA (Germany)
- Bio-Rad Laboratories, Inc. (US)
- GC Diagnostics Corporation (South Korea)
- Masimo (US)
- bioMérieux SA (France)
- Carestream Health (US)
- Thermo Fisher Scientific Inc. (US)
- Novartis AG (Switzerland)
- Abbott (US)
- Johnson & Johnson Services, Inc. (US)
- GlaxoSmithKline plc (UK)
- Bayer AG (Germany)
- BD (US)
Research Methodology : Global Respiratory Diagnostics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available : Global Respiratory Diagnostics Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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