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Breath Biopsy Testing Global Market Demand Analysis, Manufacturers Share, Regions, Risk Analysis, Driving Forces and Application, Forecast To 2033
Breath Biopsy Testing Global Market
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According to The Business Research Company's, The breath biopsy testing market size has grown strongly in recent years. It will grow from $2.96 billion in 2023 to $3.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to supportive government programs, shift toward non-invasive diagnostics, rising consumer awareness of preventive healthcare, increasing use in oncology research, growing application in metabolic disorders.
The breath biopsy testing market size is expected to see strong growth in the next few years. It will grow to $4.26 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rising incidence of respiratory diseases, growing awareness of early disease detection, expansion of clinical research and trials, rising geriatric population, growing prevalence of infectious diseases. Major trends in the forecast period include technological advancements in breath analysis, demand for personalized medicine, investments in healthcare infrastructure, collaborations between diagnostic companies and hospitals, adoption of ai and data analytics.
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Market Drivers and Trends:
The rising prevalence of respiratory diseases is expected to propel the growth of the breath biopsy testing market going forward. Respiratory diseases refer to medical conditions that impact on the lungs and airways, hindering a person's ability to breathe efficiently. The prevalence of respiratory diseases is due to increasing environmental pollution, higher rates of smoking, and the growing prevalence of chronic conditions such as asthma and chronic obstructive pulmonary disease (COPD). Breath biopsy testing is required for respiratory diseases to offer a non-invasive, rapid, and potentially more accurate method for detecting biomarkers associated with these conditions, improving early diagnosis and management. For instance, in November 2023, according to a report published by the Centers for Disease Control and Prevention, a US-based government agency, the United States reported around 8,331 tuberculosis cases in 2022, reflecting a 5.9% increase from 2021. The incidence rate rose to 2.5 cases per 100,000 people, marking a 5.5% increase compared to the previous year. Therefore, the rising prevalence of respiratory diseases will drive the growth of the breath biopsy testing market.
Major companies operating in the breath biopsy testing market are focused on developing innovative products, such as breath analyzers, to detect asthma. Breath analyzers are diagnostic devices that detect and measure specific compounds in a person's breath to identify medical conditions or assess health status. For instance, in May 2023, GenWorks, an India-based healthcare solutions provider, launched the FenomPro breath analyzer. The FenomPro breath analyzer offers a unique feature with its rapid FeNO testing capability, delivering results in just 28 seconds. Designed for ease of use in clinical settings, it provides accurate assessments for diagnosing, screening, and monitoring asthma. The device is equipped with a rechargeable battery for portability, features a user-friendly interface, and efficiently determines whether patients need treatment or inhaler prescriptions.
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Major Key Players of the Market:
Drägerwerk AG & Co. KGaA, Intoximeters Inc., Owlstone Medical Ltd., SKC Inc., Lifeloc Technologies Inc., Alcolizer Pty Ltd., Breathomix, Aerocrine AB, Bedfont Scientific Ltd., AK GlobalTech Corp., Alveo Technologies Inc., Andatech Pty Ltd., BACtrack, Biosensia Ltd., Ionicon, Ke*tonix AB, Lion Laboratories Limited, Menssana Research Inc., Microplex Inc., Quest Products Inc., Rapid Biosensor Systems Ltd., RoboScientific Ltd., Spirosure
Breath Biopsy Testing Market 2024 Key Insights:
• The breath biopsy testing market size is expected to see strong growth in the next few years. It will grow to $4.26 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
• Impact Of Increased Respiratory Conditions On Breath Biopsy Testing Market Growth
• Innovative Advances In Breath Biopsy Testing
• North America was the largest region in the breath biopsy testing market in 2023
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