logo
logo
Sign in

Lung Function Testing Technology Market Clinical Assessment and Professional Industry Outlook 2023

avatar
Rohit Kamble
Lung Function Testing Technology Market Clinical Assessment and Professional Industry Outlook 2023

Global Market for Lung Function Testing Systems Market Size will exhibit a strong Growth of 8.20% CAGR from 2018 to 2023. Tests involved in assessing pulmonary function are non-invasive and mainly performed to identify respiratory issues.

Market Scope

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. 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.

Demand for PFT services has increased significantly thereby driving the growth of the Lung Function Testing Technology Market. Other factors that are reflecting favourably on the market include rising prevalence of lung cancer, rapidly expanding geriatric population, increased occurrence of obesity and increasing healthcare expenditure.

Avail Free Sample@  https://www.marketresearchfuture.com/sample_request/6603

Lung Function Testing Technology Market Leading Companies

some of the companies currently leading the worldwide Pulmonary Function Testing (PFT) Systems Market are,

  • 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.

Market Segmentation

Lung Function Testing Technology Market 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 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 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 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 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 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.

Browse Complete Premium Research Brief along with Detailed TOC at https://www.marketresearchfuture.com/reports/pulmonary-function-testing-systems-market-6603  

The report offers insights on the leading market players and evaluates their current market share. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives.

In the report, the Lung Function Testing Technology Market has been covered across regions such as North America, the Middle East & Africa (MEA), South America, Europe and Asia Pacific (Asia Pacific).

About Market Research Future: Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]

collect
0
avatar
Rohit Kamble
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more