Technological Advancements to Boost Global Respiratory Disease Testing Market from 2014 to 2022

A new research report published by Transparency Market Research states that the global respiratory diseases testing market is expected to grow at a remarkable pace due to the increasing technological advancements. The report, titled “Respiratory Disease Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022”, is available for sale on the company’s website. The expert industry analysts have assessed this market with the help of a SWOT analysis and Porter’s five forces analysis, to highlight the factors influencing growth, restraints, trends, and dynamics.

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The global respiratory disease testing market is segmented on the basis of test, end user, and geography. The tests in the global respiratory disease testing market are spirometry tests, imaging tests, peak flow tests, blood gas tests, lung volume tests, and other tests. The end users of these tests are clinical laboratories, hospitals, and physician offices. Geographically, this market is segmented into regions such as North America, Asia Pacific, Latin America, the Middle East and North Africa, and Europe.

Out of the types of tests for respiratory disease testing, the imaging test segment showed clear dominance. This characteristic is mainly due to increasing demand for imaging tests such as X-ray. Furthermore, as these tests are considered the first line of diagnostic tests for these diseases, they will continue to remain in the leading position.

Amongst the end users, hospitals held the largest share in the global respiratory disease testing market in 2013. This dominance was attributable to the availability of most respiratory disease testing equipment at hospitals for imaging and lung function tests. This segment is expected to continue its dominance, as doctors usually prefer in-house diagnostic tests for their patients instead of testing at other laboratories.

Regionally, North America held the lion’s share in the global respiratory disease testing market in 2013, due to growing prevalence of respiratory diseases, increasing usage of portable devices, and high demand for health care devices and services. However, in the coming years, Asia Pacific is expected to grab a considerable share in the global respiratory disease testing market thanks to the huge unmet demand in emerging economies such as India, Indonesia, China, Malaysia, Singapore, Korea, and Thailand. In the next few years, Asia Pacific will witness the fastest growth of the respiratory disease testing market, which will be encouraged by growing awareness about diagnostic tests and improving healthcare infrastructure.

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The global respiratory disease testing market research report profiles some of the important players in the market to give a clear picture of the competitive landscape. The key players studied in this research report are Cosmed, GE Healthcare, Philips Healthcare, ndd Medical Technologies, Inc., CareFusion Corporation, and SDI Diagnostics. The report gives a 360-degree view of the company, including a financial overview, list of existing products and those in the pipeline, management style, potential mergers and acquisitions, and business and marketing strategies.

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