Pulmonary Function Testing Systems Market Size, Status, Share Overview 2023: Comprehensive Analysis on Demand and Supply Consumption of top Manufacturers 2019

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 Outlook

As per latest data released by Market Research Future (MRFR), the global market for 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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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

Market Segmentation:

MRFR’s report include an in-depth segmental analysis of the market based on type, test type, component, application, end-user, and region.

On the basis of type, the market is segmented into complete PFT systems and portable PFT systems. The former will continue to outperform the later throughout the assessment period. In 2017, the complete PFT system accounted for more than 53% share of the market. The segment is projected to surge at 9.05% CAGR till 2023.

On the basis of test type, the market is segmented into spirometry, gas exchange testing, lung volume, oxygen titration test, maximal voluntary ventilation, and high-altitude simulation testing. Among these, the spirometry segment is expected to remain highly lucrative over the next couple of years. The stood at a market valuation of USD 649.6 million 2017 and is expected witness a double-digit CAGR during the assessment period.

Based on component, the market has been segmented into software, hardware and service. The software segment in expected to remain highly attractive over 2023. In 2017, the segment accounted for over one-third share of the market.

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Based on application, the market has been segmented into chronic shortness of breath, chronic obstructive pulmonary disease, restrictive lung disease, asthma. The chronic obstructive pulmonary disease segment currently holds the top position and the trend is likely to continue beyond 2018.

Based on end-user, the market is segmented into diagnostics laboratories and hospital/clinical laboratories. The hospital/clinical laboratories segment accounted for 42.3% share of the market in 2017.

Market by 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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About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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This release was published on openPR.