Pulmonary Function Testing Systems Market Future Prospects and Forecast To 2028
The global pulmonary function testing systems market size was valued at USD 138.4 million in 2021. is poised to grow at a significant CAGR of 4.4% during the forecast period 2022-28. Glance our 200 slides market research. and other qualitative sections with an in-depth TOC on. The research report “Pulmonary Function Testing Systems Market: by Type (Complete PFT Systems, Portable PFT Systems, and Others), Test Type (Spirometry, Lung Volume, Gas Exchange Testing, and Others), Component (Software, Hardware, Service, and Others), Application (Asthma, Chronic Shortness of Breath, Restrictive Lung Disease, and Others), End-user (Hospital/Clinical Laboratories, Diagnostics Laboratories, and Others), -Global/Region/Country Forecast to 2028.”
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Growing demand for minimally invasive tests to treat and diagnose is estimated to drive the Pulmonary Function Testing Systems Market:
Instruments used to detect respiratory problems and pulmonary impairment in pulmonary function testing (PFT). Disorders related to breathing have become more widespread due to the increasing air pollution, climate change and increasing usage of cigarette. Gas exchange, rate of flow and lung volume capacity is all measured with the help of these systems. Selection of medicines or treatment and the diagnosis of lung diseases are all carried out with the help of these systems. There are a few factors that are anticipated to increase the market sales such as growing consciousness about the respiratory function testing systems and advanced healthcare systems in developed economies, increase in the tobacco products consumption and growing demand for minimally invasive tests for diagnosis and treatment.
One of the major factors fuelling the global pulmonary function testing systems market is the increasing prevalence of respiratory illnesses such as COPD, asthma and other chronic respiratory diseases. About 65 million people are going from chronic obstructive pulmonary disease and three million die due to the disease every year according to World Health Organization. It becomes the third leading death cause globally. There are about 334 million people suffering from asthma and it is affecting 14% of all children worldwide. Rising funds by public and private segments for the R&D activities and growing consciousness about the testing systems are estimated to impel the global pulmonary function testing market over the future period.
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North America accounted for major share in the Pulmonary Function Testing Systems Market:
North America witnessed major revenue share in the global pulmonary function testing systems market with considerable CAGR rate due to the factors such as growing ageing population, presence of major players in the region, enhanced the affordability for different diagnostic and treatment services, advanced healthcare infrastructure and increase in the number of people diagnosed with asthma and COPD. Asia Pacific is also anticipated to grow at a significant growth rate over the future period due to growing consciousness about the respiratory testing systems, increase in the prevalence of respiratory problems and presence of high patient pool.
Competitive Analysis - Pulmonary Function Testing Systems Market:
Major players working in the pulmonary function testing systems market are Medical Equipment Europe GmbH (Germany), Vyaire Medical, Inc (US), Schiller AG (US), Eco Medics AG (Switzerland) and American Diagnostic Corporation (US).
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