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Lung Function Tests Market Top Players, Future Growth and Competitors Analysis by 20207

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Vinit Sawant
Lung Function Tests Market Top Players, Future Growth and Competitors Analysis by 20207

Regional Analysis

In the Middle East & Africa, the demand for medical devices is increasing for the diagnosis of chronic diseases such as COPD and others. Rising awareness about lung diseases among the adults, and development of the healthcare sector in the African countries also drive the growth of the market.

In Europe, the prevalence of allergic conditions is high, especially asthma, and allergy rhinitis. Rising prevalence of allergic conditions, and extensive research and development activities on the medical devices drive the market growth.

In Asia Pacific, the increasing prevalence of asthma, chronic obstructive pulmonary disease, poor healthcare system, and availability of diagnostic services leads the market growth. According to the data from GLOBOCAN, in 2012, the age-standardized rate (ASR) of incidence of gastrointestinal diseases in Asia Pacific was 15.8 and mortality was 11.7 per 100,000 person. According to World Health Organization (WHO), the geriatric population in China in the year 2013 was 22.6 million which is expected to show a massive growth to 90.4 million in 2050.

The lung function tests market share is growing at a rapid pace in the Americas owing to emphasis on healthy lifestyle, and prevention of lung diseases. Also, increasing demand for technologically advanced diagnostic devices and the presence of major market players adding fuel to the growth of the market.

Lung Function Test Market Outlook –

Lung function tests are a part of routine diagnostic tests recommended by the healthcare provider. These tests are used to diagnose number of respiratory diseases such as chronic obstructive pulmonary disease (COPD), and allergic conditions such as asthma. It comprises of tests such as spirometry, gas diffusion test, body plethysmography, bronchial provocation test, and others. Lung function tests also determine the whether the lungs are working properly, and their capacity to carry out respiration, thus making it necessary to identify the mode of treatment, and administration of drugs.

The global lung function tests market is expected to grow at a CAGR of 5.7% during the forecast period.

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