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Growing consciousness about the respiratory function testing systems is projected to impel the Pulmonary Function Testing Systems Market

09-12-2022 08:49 AM CET | Health & Medicine

Press release from: Precision Business Insights

Growing consciousness about the respiratory function testing

The research report "Pulmonary Function Testing Systems Market: 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 Geography-Global/Region/Country Forecast to 2028." The global pulmonary function testing systems market anticipated to grow at a CAGR rate of 6.5% during the forthcoming years 2022-2028.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/pulmonary-function-testing-systems-market/

Growing demand for minimally invasive tests to treat and diagnose is estimated to drive the Pulmonary Function Testing Systems Market:
Instruments used to detect respiratory problems and pulmonary impairment in pulmonary function testing (PFT). Disorders related to breathing have become more widespread due to the increasing air pollution, climate change and increasing usage of cigarette. Gas exchange, rate of flow and lung volume capacity is all measured with the help of these systems. Selection of medicines or treatment and the diagnosis of lung diseases are all carried out with the help of these systems. There are a few factors that are anticipated to increase the market sales such as growing consciousness about the respiratory function testing systems and advanced healthcare systems in developed economies, increase in the tobacco products consumption and growing demand for minimally invasive tests for diagnosis and treatment.

One of the major factors fuelling the global pulmonary function testing systems market is the increasing prevalence of respiratory illnesses such as COPD, asthma and other chronic respiratory diseases. About 65 million people are going from chronic obstructive pulmonary disease and three million die due to the disease every year according to World Health Organization. It becomes the third leading death cause globally. There are about 334 million people suffering from asthma and it is affecting 14% of all children worldwide. Rising funds by public and private segments for the R&D activities and growing consciousness about the testing systems are estimated to impel the global pulmonary function testing market over the future period.

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North America accounted for major share in the Pulmonary Function Testing Systems Market:
North America witnessed major revenue share in the global pulmonary function testing systems market with considerable CAGR rate due to the factors such as growing ageing population, presence of major players in the region, enhanced the affordability for different diagnostic and treatment services, advanced healthcare infrastructure and increase in the number of people diagnosed with asthma and COPD. Asia Pacific is also anticipated to grow at a significant growth rate over the future period due to growing consciousness about the respiratory testing systems, increase in the prevalence of respiratory problems and presence of high patient pool.

Competitive Analysis - Pulmonary Function Testing Systems Market:
Major players working in the pulmonary function testing systems market are Medical Equipment Europe GmbH (Germany), Vyaire Medical, Inc (US), Schiller AG (US), Eco Medics AG (Switzerland) and American Diagnostic Corporation (US).

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About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers. Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

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