PUBLISHER: Allied Market Research | PRODUCT CODE: 1179530
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179530
Pulmonary function testing is a series of tests that can determine as well as measure the efficacy of inhaling and exhaling functions performed by the lungs. It plays a pivotal role in determining the efficient transfer of oxygen into the blood and helps in diagnosing certain types of lung diseases such as asthma, bronchitis, and emphysema, along with determining the cause of shortness of breath.
Some of the common types of pulmonary function tests are spirometry. Spirometry measures how much air a person can breathe in and out. It also measures how fast a person can empty the air out of the lungs. This test is done to check how well the oxygen moves from the lungs into the bloodstream.
The key factors that drive the growth of the market are the rise in the prevalence of lung cancer and lung-related disorders; rise in the geriatric population; and the increase in adoption of technologically advanced medical devices across the world. In addition, rise in the demand for minimally invasive tests for lung diseases across the key is the key factor which further boosts the market growth. For instance, according to the World Health Organization, in 2020, chronic obstructive pulmonary disease (COPD) was the third leading cause of death worldwide. It was estimated that around 3.9 million people died due to COPD. Furthermore, increase in the geriatric population and the rise in the prevalence of chronic lung diseases has increased the demand pulmonary function testing devices for disease diagnosis across the world which further boost the market growth.
Moreover, increase in R&D activity for pulmonary function testing devices, and a rise in healthcare expenditures further boost the growth of market. However, the high cost of medical devices and a lack of awareness of pulmonary tests hamper the market growth. Conversely, the emerging healthcare market in developing countries is expected to provide a lucrative opportunity for the key players operating in the market during the forecast period.
The pulmonary function testing devices market is segmented on the basis of product, test type, application, end user, and region. On the basis of product, it is segmented into portable PFT devices and complete PFT systems. On the basis of test type, the market is segmented into spirometry, peak flow meter, lung volume test, gas exchange testing, maximal voluntary ventilation, and others. On the basis of application, it is segmented into chronic obstructive pulmonary disorders, asthma, chronic shortness of breath, restrictive lung disease and others. On the basis of end user, the market is segmented into hospitals, diagnostic centers, clinical laboratories and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
North America dominated pulmonary function testing devices in 2021 and is anticipated to remain dominant during the forecast period due to rise in healthcare expenditure and the presence of major players in the in this region.
Asia-Pacific was the second largest contributor to the market in 2021, and is expected to register the fastest CAGR during the forecast period, owing to rise in prevalence of chronic diseases and increase in geriatric population.
The key players that operate in the pulmonary function testing devices market are Chest M.I Inc, Clarity Medical Pvt. Ltd., Cosmed srl, Data Sciences International Inc, Eco Medics AG, Geratherm Medical AG, JK Medical System Pvt. Ltd., Medical Electronic Construction, Medical Equipment Europe GmbH, MGC Diagnostics Corporation, Morgan Scientific Inc, NDD Medical Technologies Inc, Omron Corporation, Pulm One Advanced Medical Devices Ltd., Schiller AG, Koko LLC, and Vyaire Medical Inc
Key Benefits For Stakeholders
By Product
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