Lung
function tests, also known as pulmonary function test is used for the diagnosis
of lung disorders such as asthma, respiratory infections, chronic obstructive
pulmonary disease (COPD), and others. These group of tests also determine the
functioning of the lungs, and the ability of a person to breath. They are also
a part of tests for routine examination by the healthcare provider. The
healthcare provider may recommend lung function tests to diagnose the suspected
lung disease, plan the treatment, and decide whether to continue the ongoing
treatment or change it and even to stop the treatment, if required. Therefore,
lung function test plays a vital role in the diagnosis of various respiratory
diseases, and lung disorders.
Rising
prevalence of lung diseases such as asthma, COPD, and others, availability of
lung function test devices, and increasing demand for lung function test are
important factors accelerating the growth of the market. Technological
advancements in the lung testing, and growing geriatric population are also
influencing the market growth. Changing lifestyle, and smoking addiction are
leading to number of lung problems such as lung cancer, which is further
driving the growth of the market.
The
global lung function tests market is expected to grow at a CAGR of 5.7% during
the forecast period.
Key
Players
·
CareFusion
Corporation (U.S.)
·
MGC
Diagnostic Corporation (U.S.)
·
General
Electric Company (U.S.)
·
Perkin
Elmer (U.S)
·
Carestream
Health, Inc. (U.S.)
·
COSMED
srl (Italy)
·
NIHON
KOHDEN CORPORATION (Japan)
Segments
The
global lung function tests market is segmented on the basis of type,
indication, devices, and end user. On the basis of the type, the market is
segmented into spirometry, gas diffusion test, body plethysmograph, bronchial
provocation test, and others. On the basis of the indication, the market is
segmented into asthma, chronic bronchitis, respiratory infections, chronic
obstructive pulmonary disease, cystic fibrosis, pneumonia, lung cancer, and
others. On the basis of the devices, the market is segmented into spirometer,
breath CO monitor, oscillometer, ergospirometer, dose controlled drug nebulizer,
and others. On the basis of the end user, the market is segmented into
hospitals, clinics, diagnostic centers, and others.
Regional
Analysis of the Global Lung Function Tests
Market
America
is the leading market for lung function tests owing to the rising prevalence of
various types of allergies in the U.S. According to the American College of
Allergy Asthma and Immunology, allergic asthma, food allergy, and eczema are
the most common types of allergies in the U.S. It further stated that 1 in
every 12 people is suffering from allergic rhinitis in the U.S.
Europe is
the second largest market for lung function tests. In Europe, the prevalence of
allergic conditions is found to be increasing rapidly. Therefore, rising
prevalence of allergic conditions such as asthma, food allergy, and anaphylaxis
is increasing demand for diagnostic services. Furthermore, rising awareness
regarding available treatments and skin testing are fueling the growth of the
market. As per European Academy of Allergy and Clinical Immunology, 150 million
EU citizens have chronic allergic disease. Additionally, 100 million Europeans
have allergic rhinitis.
The Asia
Pacific market is expected to grow at the fastest pace and is driven by the
high prevalence of asthma, rising geriatric population, and increasing
environmental population. Weak immune system and high prevalence of asthma are
major risk factors for allergies among elderly population. Additionally,
prevalence of COPD is also on the rise, which is boosting the growth of the
market.
The
Middle East & Africa also show a steady rise in the market owing to high
prevalence of chronic respiratory diseases like asthma, and improving
healthcare infrastructure. Increasing demand for diagnostic services also
influences the market growth in the Middle East & African countries.
Table Of Content
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size
Estimation
11 Company Landscape
11.1 Introduction
11.2 Market Share
Analysis
11.3 Key Development
& Strategies
11.3.1 Key Developments
12 Company Profiles
12.1 CAREFUSION
CORPORATION
12.1.1 Company Overview
12.1.2 Product Overview
12.1.3 Financials
12.1.4 SWOT Analysis
12.2 MGC Diagnostic Corporation
12.2.1 Company Overview
12.2.2 Product Overview
12.2.3 Financial Overview
12.2.4 Key Developments
12.2.5 SWOT Analysis
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