Global Respiratory Disease Testing Market to grow at a CAGR of 7.46% during 2014-2019, Finds New Report

Report forecast the global respiratory disease testing market to grow at a CAGR of 7.46% over the period 2014-2019.

The respiratory system of the body plays a vital role in eliminating carbon dioxide and toxic wastes, regulates the temperature, and establishes a stabilized blood acid-alkaline balance. Respiratory diseases such as asthma, bronchitis, COPD occur due to acute or chronic defects in the respiratory system. The respiratory testing devices help in detecting chronic or acute respiratory diseases; therefore, the necessary treatment can be provided to people suffering from respiratory damages.

Respiratory tests such as imaging, spirometry, peak flow test, blood gas test, lung volume, and few other tests are used to diagnose the respiratory disease. Globally, there has been growing incidences of respiratory diseases such as asthma and COPD. Around 235 million people globally are suffering from asthma, and there have been around 3 million deaths worldwide due to COPD. This indicates an alarming increase in the respiratory disorders worldwide due to high pollution and increased tobacco consumption.

These factors result in increased demand for the respiratory testing devices and propel the market growth.

The report covers the current scenario and the growth prospects of the global respiratory disease testing market for the period of 2015-2019. To calculate the market size, the report considers revenue generated through the sales of testing devices used to diagnose acute and chronic respiratory diseases.

The market is segmented based on the type of test:

Mechanical/screening tests

• Spirometry test
• Peak flow test
• Blood gas test
• Lung volume test
• OSA diagnostic tests

IVD tests

• Molecular diagnostic test
• POC test
• Others

Global Respiratory Disease Testing Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Americas, EMEA, and APAC; it also covers the landscape of the global respiratory disease testing market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

According to the report, the consumption of tobacco, particularly in the form of cigarettes, is a major cause of chronic respiratory diseases worldwide. Annually, tobacco consumption results in about six million deaths worldwide. Of this number, about five million individuals die due to direct tobacco consumption while 0.6 million people die due to passive smoking. Research studies report that tobacco consumption is high in developing countries compared to developed countries.

Key regions

• Americas
• APAC
• EMEA

Key Global Respiratory Disease Testing Market:  Alere, CareFusion, COSMED, Nihon Kohden, Philips Healthcare and Smiths Medical

Other Prominent Vendors in the market are: Diamedix, Affymetrix, Seegene, Cepheid, NDD Medical Technologies, COSMED, Abbott, F. Hoffmann-La Roche, Siemens Healthcare, Instrumentation Laboratories, Covidien, SDI Diagnostics, and Futuremed America.

Key market driver

• Increase in respiratory disorders worldwide
• For a full, detailed list, view our report

Key market challenge

• Use of low-cost testing products
• For a full, detailed list, view our report

Key market trend

• Initiatives and programs to create awareness
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 66 pages “Global Respiratory Disease Testing Market 2015-2019” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by test, Market segmentation by mechanical and screening test, Market segmentation by IVD test, Geographical segmentation, Market drivers, Impact of drivers, Market challenge, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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