Pulmonary Function Testing Systems Market by Technology, Application, Opportunities and Trend Analysis by Major key Players, Forecast to 2024

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Pulmonary Function Testing Systems Market to Capture 8.20% CAGR from 2018 and 2023: Pune, India, October 2018/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Pulmonary Function Testing Systems Market.

As per latest data released by Market Research Future (MRFR), the global market for pulmonary function testing (PFT) systems will exhibit a strong CAGR of 8.20% CAGR from 2018 to 2023. Tests involved in assessing pulmonary function are non-invasive and mainly performed to identify respiratory issues. In recent years, issues related to respiration has increased to a substantial level partly due to factors such as climate change, rising air pollution and increased consumption of cigarette. PFT systems are used for measuring lung volume, capacity, the rate of flow and gas exchange. The information derived from the test are accurate and help in diagnosing certain lung disorders as well as determining treatment or therapeutics for them.

Global Pulmonary Function Testing Systems Market: Competitive Landscape

Some of the prominent players that are currently operating in the market include COSMED srl, Schiller, CHEST M.I.,Inc, Diagnostic Corporation, Vyaire Medical, Inc, Medical Equipment Europe GmbH, ECO MEDICS AG, ndd Medical Technologies, Medical Electronic Construction and MGC

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Demand for PFT services has increased significantly thereby driving the growth of the pulmonary function testing systems market. Other factors that are reflecting favourably on the market include rising prevalence of lung cancer, rapidly expanding geriatric population, increased occurrence of obesity and increasing healthcare expenditure.

Changing life style and environmental effects are making individuals highly susceptible to various types of chronic diseases including pulmonary diseases. This continues to create application opportunities for PFT systems.

For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for pulmonary function testing systems

By Type

  • Complete PFT Systems
  • Portable PFT Systems

Test Type

  • Spirometry
  • Lung Volume
  • Gas Exchange Testing
  • Maximal Voluntary Ventilation
  • Oxygen Titration Test
  • High Altitude Simulation Testing

By Component

  • Software
  • Hardware
  • Service

By Application

  • Chronic Obstructive Pulmonary Disease
  • Asthma
  • Chronic Shortness of Breath
  • Restrictive Lung Disease

By End-User

  • Hospital/Clinical Laboratories
  • Diagnostics Laboratories

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Global Pulmonary Function Testing Systems Market: Regional Analysis

In the report, the pulmonary function testing systems market has been covered across regions such as North America, the Middle East & Africa (MEA), South America, Europe and Asia Pacific (Asia Pacific). The market in Americas is most lucrative and also makes a considerable contributes in terms of revenue. In 2017, the Americas collectively accounted for 39.0% market share followed by Europe and Asia-Pacific with 31.9% and 21.1% market share respectively.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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