Respiratory Disease Testing Market Outlook 2021 Witnessing Enormous Growth with Recent Trends & Demand

Respiratory disease testing aids in determining the type of lung disorder and disease severity. According to the Centers for Disease Control and Prevention (CDC), every year 2 million people in the U.S. get infected by hospital-acquired infections. These infections further lead to lower respiratory tract infections such as tracheobronchitis and ventilator-associated pneumonia. The accessibility to innovative and cost-effective respiratory disease testing kits, devices, software, and consumables has improved the early detection of respiratory diseases. The rising prevalence of respiratory diseases, technological advances in respiratory disease testing, and the burgeoning geriatric population have contributed to the growth of the respiratory disease testing market.

The Major Players Covered in this Report:
Becton Dickinson, Koninklijke Philips N.V., Merck & Co., ResMed Company, Fischer & Paykel, Medtronic, MGC Diagnostics Corporation and Subsidiaries, CAREstream Medical Ltd, Abbott Laboratories, Thermo Fisher Scientific Inc., Alere, Inc. 

The global respiratory disease testing market was valued at USD 6140 million in 2019 and is expected to grow at a CAGR of 8.2% during the forecast study period.

Get a Sample PDF Report:
https://straitsresearch.com/report/Respiratory-Disease-Testing-market/request-sample

By Product
Imaging Test
Respiratory Measurement
Blood Gas Tests
Others

By End-Use
Hospitals
Physician Clinics
Others

Rising Prevalence of Respiratory Diseases

Respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), and others, are critical public health burdens worldwide.

As per the Forum of International Respiratory Societies report, respiratory diseases account for more than 4 million deaths yearly. These infections are the leading cause of death in developing countries. It further stated that approximately 4 million people die prematurely from chronic respiratory disease every year.

Infants and young children are more susceptible to respiratory infections. For instance, according to statistics provided by the Asthma and Allergy Foundation of America, 1 in 12 children suffered asthma in 2017 in the U.S. Moreover, it further stated that asthma accounts for 1.8 million emergency department visit each year in the U.S. alone.

Regional Analysis For Respiratory Disease Testing Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Respiratory Disease Testing are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Respiratory Disease Testing in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

For More Details On this Report:
https://straitsresearch.com/report/Respiratory-Disease-Testing-market

Contact Us:

Company Name: Straits Research
Email: sales@straitsresearch.com
Phone:
+1 646 480 7505 (U.S.)
+91 8087085354 (India)
+44 208 068 9665 (U.K.)

About Us:

Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enable us to determine greater insights by eliminating the research costs. Moreover, we're continually developing, not only with regards to where we measure, or who we measure but in how our visions can enable you to drive cost-effective growth.

This release was published on openPR.