Pulmonary Function Testing Devices Market Projected to Surge at USD 3.5 billion by 2031

Allied Market Research published a report, titled, "Pulmonary Function Testing Devices Market by Product (Portable PFT Devices, Complete PFT Devices), by Test Type (Spirometry, Peak flow meter, Lung Volume Test, Gas Exchange Testing, Maximal Voluntary Ventilation, Others), by Application (Chronic Obstructive Pulmonary Disease, Asthma, Chronic Shortness of Breath, Restrictive Lung Disease, Others), by End user (Hospital, Clinical laboratories, Diagnostic Laboratories, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031."

According to the report published by Allied Market Research, Global Pulmonary Function Testing Devices Market Size Valued at USD 1.9 billion in 2021, and is Projected to Garner USD 3.5 billion by 2031, witnessing a CAGR of 6.4% from 2022 to 2031.

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Rise in the prevalence of lung cancer and lung-related disorders, surge in the geriatric population, increase in the adoption of technologically advanced medical devices worldwide, spike in the demand for minimally invasive tests for lung diseases, growing R&D activity for pulmonary function testing devices, and mounting healthcare expenditures drive the growth of the global pulmonary function testing devices market. However, the high cost of medical devices and a lack of awareness regarding pulmonary tests among patients hamper the market growth. On the other hand, the emerging healthcare market in developing countries offer lucrative growth opportunity for the market.

Top Key Players of Pulmonary Function Testing Devices Market: -

• Chest M.I Inc.
• Clarity Medical Pvt. Ltd.
• Cosmed srl
• Data Sciences International Inc.
• Eco Medics AG
• Geratherm Medical AG
• JK Medical System Pvt. Ltd.
• Medical Electronic Construction
• Medical Equipment Europe GmbH
• MGC Diagnostics Corporation
• Morgan Scientific Inc.
• NDD Medical Technologies Inc.
• Omron Corporation
• Pulm One Advanced Medical Devices Ltd.
• Schiller AG
• Koko LLC
• Vyaire Medical Inc.

Global Pulmonary Function Testing Devices Market Segmentation -

Based on test type, the spirometry segment held the largest market share of nearly two-thirds of the global pulmonary function testing devices market in 2021, and is expected to maintain its dominance during the forecast period. Moreover, the same segment is projected to witness the largest CAGR of 7.0% from 2022 to 2031. The growth of the segment is due to an increase in the prevalence of asthma and other lung-related disorders across the world.

Based on application, the chronic obstructive pulmonary disease segment held the largest market share of nearly two-fifths of the global pulmonary function testing devices market in 2021, and is expected to maintain its dominance during the forecast period. Moreover, the same segment is projected to witness the largest CAGR of 7.3% from 2022 to 2031. This is due to the rise in the geriatric population and an increase in the prevalence of COPD among adults.

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By Region Outlook

• North America (U.S., Canada, Mexico)
• Europe (UK, France, Germany, Russia, Rest of Europe)
• Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific)
• LAMEA (Latin America, Middle East, Africa)

Table of Content

Chapter - Report Methodology 1
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP's of Report
1.8. Report Description

Chapter - Global Pulmonary Function Testing Devices Market Overview: Qualitative Analysis 2
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Pulmonary Function Testing Devices Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Pulmonary Function Testing Devices Market: Trends
2.8. Porter's Five Forces Analysis
2.9. Market Attractiveness Analysis

Chapter - Global Pulmonary Function Testing Devices Market Overview: Quantitative Analysis 3

Chapter - Global Pulmonary Function Testing Devices Market Analysis: Segmentation By Type 4

Chapter - Global Pulmonary Function Testing
Devices Market Analysis: Segmentation By Application 5

Continued@........

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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