Respiratory Disease Testing Market (2024-2031): Industry Insights, SWOT Analysis, Market Size, Share, and Key Growth Factors | Merck KGaA MGC Diagnostics Corp. Nihon Kohden Corp.

Respiratory disease testing market is anticipated to grow at a considerable CAGR of 6.3% during the forecast period (2024-2031). The primary driver propelling the market's expansion is the progressively increasing prevalence of respiratory diseases caused by rising air pollution levels. The growth has been prompted by the increasing rate of air pollution and the release of dangerous chemicals leading to lung ailments, such as chronic obstructive pulmonary disease (COPD), and other respiratory diseases globally. The development of diseases such as tuberculosis and hospital-acquired infections, since these tests are utilized as early detection tools, are additional drivers propelling the overall growth.

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The increasing prevalence of COPD is mainly attributed to the aging population, leading to it being necessary to employ tactics such as integrated care models and individualized treatment plans to properly manage the aforementioned age trend. According to the National Center for Biotechnology Information, in December 2023, it is projected that the global number of COPD cases among individuals aged 25 years and older will experience a 23.0% increase from 2020 to 2050, resulting in an estimated 600.0 million patients globally by 2050. The burden of COPD is expected to grow significantly in low- and middle-income regions, with the number of cases in women projected to increase by 47.1% compared to a 9.4% increase for men. Additionally, the number of cases in low- and middle-income regions is anticipated to surpass that of high-income regions by 2050.

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• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Respiratory Disease Testing Market by Product and Service
o Instruments & Devices
o Assays & Reagents
o Services & Software

Global Respiratory Disease Testing Market by Test Type
o Imaging Tests
o Mechanical Tests
o In-vitro Diagnostic Tests

Global Respiratory Disease Testing Market by Disease Indication
o Tuberculosis
o Asthma
o Lung Cancer
o Chronic Obstructive Pulmonary Disease
o Others (Interstitial Lung Disease (ILD), and Sleep Apnea)

Global Respiratory Disease Testing Market by End-user
o Hospitals and Clinics
o Diagnostics Laboratories
o Others (Ambulatory Care Centers, and Government Health Agencies)

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World
o Latin America
o Middle East & Africa

Company Profiles
o Bedfont Scientific Ltd.
o BIOMÉRIEUX
o Carestream Health, Inc.
o Danaher Corp.
o F. Hoffmann-La Roche Ltd
o Masimo Corp.
o Medtronic Plc
o Merck KGaA
o MGC Diagnostics Corp.
o Nihon Kohden Corp.
o QIAGEN GmbH
o ResMed Corp.
o Siemens Healthineers AG
o Smiths Group plc
o Sysmex Corp.
o Thermo Fisher Scientific Inc.
o Vitalograph

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global respiratory disease testing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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