Navigating the Future: Respiratory Devices And Equipment (Diagnostic) Market Trends and Forecast Insights, 2025 Edition

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Respiratory Devices And Equipment (Diagnostic) Market Size Growth Forecast: What to Expect by 2025?
The market for respiratory devices and equipment that are used for diagnostic purposes has experienced robust expansion in the past few years. The predicted growth is from $7.81 billion in 2024 to $8.41 billion the following year, with a compound annual growth rate (CAGR) reaching 7.6%. The previous growth can be attributed to a multitude of factors such as chronic respiratory ailments, an aging demographic, smoking habits, environmental influences, and advancements in technology.

How Will the Respiratory Devices And Equipment (Diagnostic) Market Size Evolve and Grow by 2029?
In the coming years, the market for respiratory diagnostic devices and equipment is projected to witness a significant expansion. By 2029, it's anticipated to inflate to a value of $12.37 billion, with a compound annual growth rate (CAGR) of 10.1%. This projected growth during the forecasted period can be credited to factors such as respiratory infections, the advent of telemedicine and remote monitoring, personalized medicine, and developments in AI and machine learning. Some prevailing trends for the forecasted duration encompass pulmonary function testing (PFT), home-based respiratory monitoring, integration of telemedicine, and aids for smoking cessation.

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What Drivers Are Propelling the Growth of Respiratory Devices And Equipment (Diagnostic) Market Forward?
The rise in the number of various respiratory sicknesses has propelled the growth of the international respiratory devices and equipment market by enhancing the utilization of diagnostic devices and equipment for diagnosis and treatment. Conditions like chronic obstructive pulmonary disease (COPD) are often more common in older individuals. COPD is an obstructive lung disorder that leads to long-term respiratory issues. For instance, the Australian Institute of Health and Welfare, a government agency based in Australia, reported that COPD accounted for 7,691 deaths or 29.6 per 100,000 population, representing 4.0% of all fatalities, in July 2024. Consequently, an increased number of such instances has increased the demand for diagnostic devices and equipment, thereby propelling the growth of respiratory devices and equipment (diagnostic) market.

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Which Emerging Trends Are Transforming the Respiratory Devices And Equipment (Diagnostic) Market in 2025?
The trend of increasing investment in wireless and portable diagnostic respiratory devices by companies within the market is escalating. This trend is fueled by their convenient handling, cost efficiency, advanced features, and appropriateness for home care organizations. The market is witnessing the emergence of innovative portable respiratory devices equipped with cutting-edge technology that are uniquely designed for instant diagnosis of vital signs like the patient's respiratory and pulse rate, unlike the traditional devices. An instance of this occurred in May 2024, as per the National Center for Biotechnology Information, a US-based government institution, which supported a portable noninvasive device that provides immediate results, proving crucial for patients with chronic respiratory conditions like COPD and asthma. This on-site immediate diagnostics considerably enhances patients' health outcomes and exponentially boosts the competence of healthcare systems.

What Are the Key Segments in the Respiratory Devices And Equipment (Diagnostic) Market?
The respiratory devices and equipment (diagnostic) market covered in this report is segmented -

1) By Product: Instruments And Devices, Assays And Reagents
2) By Test Type: Traditional Diagnostic Tests, Mechanical Tests, Imaging Tests, Molecular Diagnostic Tests
3) By Disease Type: Chronic Obstructive Pulmonary Disease, Lung Cancer, Asthma, Tuberculosis, Other Diseases
4) By End User: Hospital/Clinical Laboratories, Physician Offices, Reference Laboratories, Other End Users

Subsegments:
1) By Instruments And Devices: Spirometers, Pulse Oximeters, Peak Flow Meters, Capnographs, Respiratory Pressure Monitors, Portable Ventilators
2) By Assays And Reagents: Diagnostic Kits, Reagents For Respiratory Infections, Blood Gas Analysis Reagents, PCR Assays For Respiratory Pathogens

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Who Are the Key Players Shaping the Respiratory Devices And Equipment (Diagnostic) Market's Competitive Landscape?
Major companies operating in the respiratory devices and equipment (diagnostic) market include ResMed Inc., Medtronic plc, Masimo Corporation, Fisher & Paykel Healthcare Limited, Koninklijke Philips N.V., Smiths Medical, GE Healthcare, Chart Industries Inc., Philips Healthcare, Becton dic*kinson and Company (BD), Abbott Laboratories, Thermo Fisher Scientific Inc., Teleflex Incorporated, Invacare Corporation, Vyaire Medical Inc., Drägerwerk AG & Co. KGaA, Getinge AB, Dräger Medical GmbH, bioMérieux, Bio-Rad Laboratories Inc - Bio-Rad Laboratories Inc., Cosmed S.r.l., Seegene Inc., SDI Diagnostics, GlaxoSmithKline plc, Hillrom, Hamilton Medical AG, Medline Industries Inc., 3M Company, Air Liquide, Allied Healthcare Products Inc., Armstrong Medical, Bio-Med Devices Inc., Breas Medical AB, CAIRE Inc., DeVilbiss Healthcare, Nihon Kohden Corporation, O2 Concepts LLC

What Geographic Markets Are Powering Growth in the Respiratory Devices And Equipment (Diagnostic) Market?
Asia-Pacific was the largest region in the respiratory devices and equipment (diagnostic) market in 2023. North America was the second largest region in the respiratory devices and equipment (diagnostic) market. The regions covered in the respiratory devices and equipment (diagnostic) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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