Respiratory Diagnostics Market Overview, Growth, Share, Revenue and Forecast 2017-2024

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Respiratory Disease Testing Market size is
projected to experience significant growth from
2017 to 2024. Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Respiratory Disease Testing
Market

• Respiratory disease testing market should witness
  substantial growth due to increased prevalence of
  respiratory diseases such as chronic obstructive
  pulmonary disease (COPD) and asthma over the last
  few years.
• Increasing pollution and tobacco consumption
  coupled with rising geriatric population base and
  technological advancement in respiratory devices
  should drive respiratory disease testing market
  size over the forecast period.
• According to the International Respiratory
  Societies Forum, in 2014, over 200 million people
  across the world had COPD and nearly 235 million
  people were suffering from asthma. Furthermore,
  over 50 million individuals struggle with
  occupational lung disorder every year.
• These factors should drive respiratory disease
  testing market growth. Increasing healthcare
  expenses and reimbursement concern may restrain
  the industry growth during the forecast period.
  Low adoption rate of portable spirometers and
  digital radiography can also hinder the
  respiratory disease testing market size.

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• Imaging tests includes x-rays, computed
  tomography (CT), magnetic resonance imaging,
  nuclear scanning, ultrasonography, and positron
  emission tomography (PET) scanning. Chest x-rays
  provide detailed framework of the heart and major
  blood vessels, it can also reveal serious
  disorder in the lungs and chest wall.
• Chest x-ray reveal chronic obstructive pulmonary
  disease, pneumonias, atelectasis, lung tumors and
  pneumothorax or pleural effusion in the pleural
  space. It helps doctors to determine other tests
  required for the diagnosis. Measurement devices
  include respirometers, spirometers, capnographs,
  pulse oximeters and peak flowmeters.
• Demand for pulse oximeters is rising in
  comparison with other devices due to precise and
  effective diagnosis in short time and increasing
  adoption for these testing devices by physicians.

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Competitive Market Share of Respiratory Disease
Testing Market

• Insulin market estimated to foresee lucrative
  growth due to rising awareness about product and
  self-administration of insulin coupled with
  favorable reimbursement policies.
• GLP-1 therapy will witness healthy growth in
  future due to its ability to minimize blood
  glucose level in patients with target disease.
  Homecare will be the major end user of the pen
  needles owing to self-administration of insulin
  on daily basis.
• Hospital segment is anticipated to witness
  healthy growth in the coming few years due to
  availability of highly-skilled professionals and
  the quality of patient care provided.

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