Pulmonary Function Testing Systems Market Comprehensive Insights on Major Applications and Types Spirometry, Lung Volume, Gas Exchange Testing, and Others to exhibit a strong CAGR of 8.20% CAGR to 2023

Pulmonary Function Testing Systems Market Research Report by Type (Complete PFT Systems, Portable PFT Systems, and Others), Test Type (Spirometry, Lung Volume, Gas Exchange Testing, and Others), Component (Software, Hardware, Service, and Others), Application (Asthma, Chronic Shortness of Breath, Restrictive Lung Disease, and Others), End-user (Hospital/Clinical Laboratories, Diagnostics Laboratories, and Others), and Region–Global Forecast to 2023

Market Scenario

Pulmonary Function Testing (PFT) Systems will exhibit a strong CAGR of 8.20% CAGR from 2018 to 2023. Tests involved in assessing pulmonary function are non-invasive and mainly performed to identify respiratory issues. In recent years, 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.

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PFT services has increased significantly thereby driving the growth of the pulmonary function testing systems market. Other factors that are reflecting favorably on the market include rising prevalence of lung cancer, rapidly expanding geriatric population, increased occurrence of obesity and increasing healthcare expenditure. The EU-28’s standardized death rate for diseases of the respiratory system was 78.3 deaths per 100 000 inhabitants in 2014.

Key Players

Some of the prominent players that are currently operating in the market include COSMED srl, Schiller, CHEST M.I.,Inc, Diagnostic Corporation, Vyaire Medical, Inc, Medical Equipment Europe GmbH, ECO MEDICS AG, ndd Medical Technologies, Medical Electronic Construction and MGC

Segmentation

By Type

Complete PFT Systems
Portable PFT Systems
Test Type

Spirometry
Lung Volume
Gas Exchange Testing
Maximal Voluntary Ventilation
Oxygen Titration Test
High Altitude Simulation Testing
By Component

Software
Hardware
Service
By Application

Chronic Obstructive Pulmonary Disease
Asthma
Chronic Shortness of Breath
Restrictive Lung Disease
By End-User

Hospital/Clinical Laboratories
Diagnostics Laboratories
By Region

North America
Europe
Asia Pacific
The Middle East & Africa (MEA)
Latin America
Regional Analysis

In the report, the pulmonary function testing systems market has been covered across regions such as North America, the Middle East & Africa (MEA), South America, Europe and Asia Pacific (Asia Pacific). The market in Americas is most lucrative and also makes a considerable contributes in terms of revenue. In 2017, the Americas collectively accounted for 39.0% market share followed by Europe and Asia-Pacific with 31.9% and 21.1% market share respectively.

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Research Methodology

MRFR leverages its in-house expertise for drawing insightful conclusions into the market. Extensive primary and secondary research are undertaken which include SEC filings, interviews with stakeholders across the value chain, whitepaper references, etc. for backing the research findings. Top-down and bottom-up approaches employed validate the authenticity of the statistical observations available in the report. Furthermore, a multi-layer verification process is applied for eliminating deviations and discrepancies.

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