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Respiratory Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 145 Pages
  • July 2023
  • Region: Global
  • IMARC Group
  • ID: 5682257

Quick Summary:

As rising global incidences of respiratory diseases demand invigorated focus, the comprehensive market research report on the Global Respiratory Diagnostics Market becomes indispensable in enabling strategic business decisions. From in-depth insights into active market players to an analysis of key trends in each sub-segment, the report offers a holistic understanding of this progressive market.

Respiratory diagnostics, which include a wide range of mechanical, imaging, and molecular diagnostic tests, are pivotal in detecting ailments such as COPD, lung cancer, and pulmonary fibrosis. Advances in technology, such as the integration of IoT and AI in diagnostic procedures, are positively impacting market growth. Beyond technological innovation, an increase in demand for these diagnostics devices in private healthcare settings and a broader initiative to make quality healthcare universally accessible are propelling the market forwards. The report offers a pertinent analysis of these prevailing factors contributing to market growth alongside the challenges faced within the industry.

The global respiratory diagnostics market size reached US$ 7.5 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 11.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.65% during 2023-2028.

Respiratory diagnostics refer to the clinical assessment of lung functioning and related processes. It includes several mechanical, imaging and molecular diagnostic tests for detecting asthma, chronic obstructive pulmonary disease (COPD), lung cancer, bronchitis, and pulmonary fibrosis. It uses procedures, such as spirometry, oximetry, transcutaneous CO2 monitoring, sniff nasal inspiratory pressure (SNIP), chest X-ray and computed tomography (CT) scan. In some instances, sleep studies are also conducted to diagnose and assess the presence of sleep apnea and nocturnal hypoventilation.

The growing prevalence of respiratory diseases is one of the key factors driving the growth of the market. The increasing number of smokers and consumption of alcohol, coupled with sedentary lifestyle habits and stressful routines, have resulted in rising incidences of COPD and other severe respiratory conditions, such as lung cancer. Furthermore, various technological innovations in respiratory diagnostic testing, including the utilization of Internet of Things (IoT) and Artificial Intelligence (AI) for the diagnosis of COPD and outpatient management, are creating a positive impact on the market growth. Also, an increase in the demand for respiratory diagnostics devices in various privately-owned hospitals and healthcare centers and efforts by both government and non-governmental organizations (NGO) to make quality healthcare facilities accessible to all are driving the market for respiratory diagnostics. Other factors contributing to the market growth include enhanced research and development (R&D), rising geriatric population, rapid urbanization and increasing industrial establishments, and growing pollution levels across the globe.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global respiratory diagnostics market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product and service type, test type, disease and end-user.

Breakup by Product and Service Type:

  • Instruments and Services
  • Assays and Reagents
  • Services and Software

Breakup by Test Type:

  • Mechanical Tests
  • Obstructive Sleep Apnoea (OSA) Diagnostic Tests
  • Imaging Tests
  • Traditional Diagnostic Tests
  • Molecular Diagnostic Tests
  • Others

Breakup by Disease:

  • Tuberculosis
  • Asthma
  • Chronic Obstructive Pulmonary Disease (COPD)
  • Lung Cancer
  • Others

Breakup by End-User:

  • Hospitals
  • Clinics
  • Reference and Clinical Laboratories
  • Others

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Philips Healthcare, Abbott Laboratories, Biomerieux, Becton Dickinson, Thermo Fisher Scientific Inc., Alere Inc., Seegene Inc., 3M, Bio-Rad Laboratories, SDI Diagnostics and COSMED.

Key Questions Answered in This Report:

  • How has the global respiratory diagnostics market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global respiratory diagnostics industry?
  • What has been the impact of COVID-19 on the global respiratory diagnostics industry?
  • What is the breakup of the market based on the product and service type?
  • What is the breakup of the market based on the test type?
  • What is the breakup of the market based on the disease?
  • What is the breakup of the market based on the end-user?
  • What are the various stages in the value chain of the global respiratory diagnostics industry?
  • What are the key driving factors and challenges in the global respiratory diagnostics industry?
  • What is the structure of the global respiratory diagnostics industry and who are the key players?
  • What is the degree of competition in the global respiratory diagnostics industry?
Frequently Asked Questions about the Global Respiratory Diagnostics Market

What is the estimated value of the Global Respiratory Diagnostics Market?

The Global Respiratory Diagnostics Market was estimated to be valued at $7.5 Billion in 2022.

What is the growth rate of the Global Respiratory Diagnostics Market?

The growth rate of the Global Respiratory Diagnostics Market is 7.7%, with an estimated value of $11.7 Billion by 2028.

What is the forecasted size of the Global Respiratory Diagnostics Market?

The Global Respiratory Diagnostics Market is estimated to be worth $11.7 Billion by 2028.

Who are the key companies in the Global Respiratory Diagnostics Market?

Key companies in the Global Respiratory Diagnostics Market include Novozymes, DuPont and Royal DSM.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Respiratory Diagnostics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product and Service Type
5.5 Market Breakup by Test Type
5.6 Market Breakup by Disease
5.7 Market Breakup by End-User
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Product and Service Type
6.1 Instruments and Services
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Assays and Reagents
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services and Software
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Test Type
7.1 Mechanical Tests
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Obstructive Sleep Apnoea (OSA) Diagnostic Tests
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Imaging Tests
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Traditional Diagnostic Tests
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Molecular Diagnostic Tests
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Disease
8.1 Tuberculosis
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Asthma
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Chronic Obstructive Pulmonary Disease (COPD)
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Lung Cancer
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by End User
9.1 Hospitals
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Clinics
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Reference and Clinical Laboratories
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Europe
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Asia Pacific
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Philips Healthcare
14.3.2 Abbott Laboratories
14.3.3 Biomérieux
14.3.4 Becton Dickinson
14.3.5 Thermo Fisher Scientific Inc.
14.3.6 Alere Inc.
14.3.7 Seegene Inc.
14.3.8 3M
14.3.9 Bio-Rad Laboratories Inc.
14.3.10 SDI Diagnostics
14.3.11 COSMED
List of Figures
Figure 1: Global: Respiratory Diagnostics Market: Major Drivers and Challenges
Figure 2: Global: Respiratory Diagnostics Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Respiratory Diagnostics Market: Breakup by Product and Service Type (in %), 2022
Figure 4: Global: Respiratory Diagnostics Market: Breakup by Test Type (in %), 2022
Figure 5: Global: Respiratory Diagnostics Market: Breakup by Disease (in %), 2022
Figure 6: Global: Respiratory Diagnostics Market: Breakup by End User (in %), 2022
Figure 7: Global: Respiratory Diagnostics Market: Breakup by Region (in %), 2022
Figure 8: Global: Respiratory Diagnostics Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Respiratory Diagnostics Industry: SWOT Analysis
Figure 10: Global: Respiratory Diagnostics Industry: Value Chain Analysis
Figure 11: Global: Respiratory Diagnostics Industry: Porter’s Five Forces Analysis
Figure 12: Global: Respiratory Diagnostics (Instruments and Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Respiratory Diagnostics (Instruments and Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Respiratory Diagnostics (Assays and Reagents) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Respiratory Diagnostics (Assays and Reagents) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Respiratory Diagnostics (Services and Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Respiratory Diagnostics (Services and Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Respiratory Diagnostics (Mechanical Tests) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Respiratory Diagnostics (Mechanical Tests) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Respiratory Diagnostics (Obstructive Sleep Apnoea Diagnostic Tests) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Respiratory Diagnostics (Obstructive Sleep Apnoea Diagnostic Tests) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Respiratory Diagnostics (Imaging Tests) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Respiratory Diagnostics (Imaging Tests) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Respiratory Diagnostics (Traditional Diagnostic Tests) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Respiratory Diagnostics (Traditional Diagnostic Tests) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Respiratory Diagnostics (Molecular Diagnostic Tests) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Respiratory Diagnostics (Molecular Diagnostic Tests) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Respiratory Diagnostics (Other Test Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Respiratory Diagnostics (Other Test Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Respiratory Diagnostics (Tuberculosis) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Respiratory Diagnostics (Tuberculosis) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Respiratory Diagnostics (Asthma) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Respiratory Diagnostics (Asthma) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Respiratory Diagnostics (Chronic Obstructive Pulmonary Disease) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Respiratory Diagnostics (Chronic Obstructive Pulmonary Disease) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Respiratory Diagnostics (Lung Cancer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Respiratory Diagnostics (Lung Cancer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Respiratory Diagnostics (Other Disease Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Respiratory Diagnostics (Other Disease Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Respiratory Diagnostics (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Respiratory Diagnostics (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Respiratory Diagnostics (Clinics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Respiratory Diagnostics (Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Respiratory Diagnostics (Reference and Clinical Laboratories) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Respiratory Diagnostics (Reference and Clinical Laboratories) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Respiratory Diagnostics (Other End-Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Respiratory Diagnostics (Other End-Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: North America: Respiratory Diagnostics Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: North America: Respiratory Diagnostics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Respiratory Diagnostics Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Respiratory Diagnostics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Asia Pacific: Respiratory Diagnostics Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Asia Pacific: Respiratory Diagnostics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Middle East and Africa: Respiratory Diagnostics Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Middle East and Africa: Respiratory Diagnostics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Latin America: Respiratory Diagnostics Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Latin America: Respiratory Diagnostics Market Forecast: Sales Value (in Million US$), 2023-2028
List of Tables
Table 1: Global: Respiratory Diagnostics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Respiratory Diagnostics Market Forecast: Breakup by Product and Service Type (in Million US$), 2023-2028
Table 3: Global: Respiratory Diagnostics Market Forecast: Breakup by Test Type (in Million US$), 2023-2028
Table 4: Global: Respiratory Diagnostics Market Forecast: Breakup by Disease (in Million US$), 2023-2028
Table 5: Global: Respiratory Diagnostics Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 6: Global: Respiratory Diagnostics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Respiratory Diagnostics Market Structure
Table 8: Global: Respiratory Diagnostics Market: Key Players

Companies Mentioned

  • Philips Healthcare
  • Abbott Laboratories
  • Biomerieux
  • Becton Dickinson
  • Thermo Fisher Scientific Inc.
  • Alere Inc.
  • Seegene Inc.
  • 3M
  • Bio-Rad Laboratories
  • SDI Diagnostics
  • COSMED

Methodology

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