Market Research Future (MRFR), the global market for pulmonary function testing (PFT) systems will exhibit a strong CAGR of 8.20% CAGR from 2018 to 2023.
Pulmonary Function Testing Systems Market Scenario:
PFT systems are used for measuring lung volume, capacity, the rate of flow and gas exchange. The information derived from the test are accurate and help in diagnosing certain lung disorders as well as determining treatment or therapeutics for them.
Tests involved in assessing pulmonary function are non-invasive and mainly performed to identify respiratory issues. In recent years, issues related to respiration has increased to a substantial level partly due to factors such as climate change, rising air pollution and increased consumption of cigarette.
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Pulmonary Function Testing Systems Market Companies Covered:
- Vyaire Medical
- Inc, COSMED srl
- Medical Equipment Europe GmbH
- Schiller
- Medical Electronic Construction
- CHEST M.I. Inc
- ECO MEDICS AG
- MGC
- Diagnostic Corporation
- and ndd Medical Technologies.
Segmental Analysis:
MRFR’s report include an in-depth segmental analysis of the market based on type, test type, component, application, end-user, and region.
On the basis of type, the Pulmonary Function Testing Systems Market is segmented into complete PFT systems and portable PFT systems. The former will continue to outperform the later throughout the assessment period. In 2017, the complete PFT system accounted for more than 53% share of the market. The segment is projected to surge at 9.05% CAGR till 2023.
On the basis of test type, the Pulmonary Function Testing Systems Market is segmented into spirometry, gas exchange testing, lung volume, oxygen titration test, maximal voluntary ventilation, and high-altitude simulation testing. Among these, the spirometry segment is expected to remain highly lucrative over the next couple of years. The stood at a market valuation of USD 649.6 million 2017 and is expected witness a double-digit CAGR during the assessment period.
Based on component, the Pulmonary Function Testing Systems Market has been segmented into software, hardware and service. The software segment in expected to remain highly attractive over 2023. In 2017, the segment accounted for over one-third share of the market.
Based on application, the Pulmonary Function Testing Systems Market has been segmented into chronic shortness of breath, chronic obstructive pulmonary disease, restrictive lung disease, asthma. The chronic obstructive pulmonary disease segment currently holds the top position and the trend is likely to continue beyond 2018.
Based on end-user, the Pulmonary Function Testing Systems Market is segmented into diagnostics laboratories and hospital/clinical laboratories. The hospital/clinical laboratories segment accounted for 42.3% share of the market in 2017.
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Pulmonary Function Testing Systems Market Regional Analysis:
The pulmonary function testing systems market has been covered across regions such as North America, the Middle East & Africa (MEA), South America, Europe and Asia Pacific (Asia Pacific).
The Americas market for pulmonary function testing systems is divided into North and South America with the North American market having a high concentration of developed economies. The Americas market leads the global market in terms of market size due to the ongoing innovation in diagnostics combined with the high prevalence of pulmonary diseases. The U.S accounts for the most important country-level market in the region. Europe has the second most significant market. Increasing initiatives to support the growth of PFT systems and devices due to increasing prices of the same have greatly impacted the market positively. However, reimbursement restrictions in the region with regards to medication will likely limit the development of the market over the assessment period.
The Asia Pacific is primarily led by country level markets such as Japan, China, India, and Korea. The region has been recognized for its potential for growth and the opportunities it represents. The presence of a massive patient population is expected to lead to rapid growth for the global pulmonary function testing systems market. High focus on the development of healthcare and the demand for pulmonary devices are expected to result in growth.
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The new research report titled "Pulmonary Function Testing Systems Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
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The major players in the pulmonary function testing systems market include COSMED srl, Vyaire Medical, Inc, Schiller, Medical Equipment Europe GmbH, Medical Electronic Construction, ECO MEDICS AG, CHEST M.I., Inc, MGC Diagnostic Corporation, and Medical Technologies.S.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Pulmonary Function Testing Systems Market Research Report" by requesting FREE Sample Copy https://www.valuemarketresearch.com/contact/pulmonary-function-testing-systems-market/download-sampleMarket DynamicsThe rising predominance of lung diseases such as COPD, asthma, and others, availability of lung function test devices, and rising demand for lung function tests are significant factors stimulating the growth of the market.
Technological advancements in lung testing and the increasing geriatric population are also influencing the market growth.
The global Pulmonary Functions Test systems market was valued at USD 2234.92 million in 2019 and is expected to reach USD 3557.15 million by the year 2026, at a CAGR of 6.93%.Global Pulmonary Function Test System Market expansion is being driven by rapid increase in demand income, declining industrialization, product awareness among consumers, emerging technology advancement market business and safe structure.
These include tests that measure lung size and airflow, such as spirometry and lung volume tests.
These tests include pulse oximetry and arterial blood gas testing.Key Player Mentioned: BD, COSMED, nSpire Health, Morgan Scientific, Biodex, Medispirit, MGC Diagnostics, Thorasys, Biomedical Systems, MedisoftBrowse now for Full Report Index or a Sample Copy @:https://www.introspectivemarketresearch.com/request/399The report offers an extensive description of the existence of the Lung Function Testing Systems market in various regions and countries.
Through extensive regional analysis of the market, the research analyst attempts to uncover hidden growth prospects that are available to players in different regions of the world.
The research study focuses on key growth opportunities and market trends separately from important market dynamics including market drivers and challenges.Product Segment Analysis: Spirometer, Pulmonary function/stress testing system, PFT, Peak flow meter, OthersApplication Segment Analysis: Chronic Obstructive Pulmonary Disease, Asthma,Chronic Shortness of Breath, Restrictive Lung DiseaseRegional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.Regional assessment is another very expansive area of research and analysis study on the global Lung Function Testing Systems market presented in the report.
The historical and forecast period from 2021 to 2027 provides an accurate and detailed country-by-country quantitative assessment along with regional market size analysis for the global Lung Function Testing Systems market.Get Latest Edition with COVID Impact Analysis of Global Pulmonary Function Testing Systems Market Study at Revised offered Price @: https://www.introspectivemarketresearch.com/discount/399The analytical document further identifies unique alternatives, challenging situations and challenging situations in the Pulmonary Function Testing Systems market.
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The major players in the pulmonary function testing systems market include COSMED srl, Vyaire Medical, Inc, Schiller, Medical Equipment Europe GmbH, Medical Electronic Construction, ECO MEDICS AG, CHEST M.I., Inc, MGC Diagnostic Corporation, and Medical Technologies.S.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for pulmonary function testing systems market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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