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Respiratory Diagnostics Market by Product & Service, Test Type, Disease, End User - Global Forecast to 2021

Respiratory Diagnostics Market: Global Forecast until 2021

  • November 2016
  • 146 pages
  • ID: 4364966
In this report:
IN 2016, NORTH AMERICA IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE (##.##%) OF THIS MARKET, FOLLOWED BY EUROPE (##.##%).
FOR INSTANCE, THE TOTAL HEALTHCARE SPENDING IN GERMANY IS EXPECTED TO INCREASE TO ##.##% OF GDP BY 2017 FROM ##.##% IN 2013.
THE AVERAGE GROWTH RATE FOR THE GLOBAL RESPIRATORY DIAGNOSTICS MARKET IS EXPECTED TO BE BETWEEN ##% AND ##% FROM 2016 TO 2021.

Summary

Table of Contents

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The overall respiratory diagnostics market is estimated to grow ~$7.4B by 2021 from ~$5.2B in 2016, at a compound annual growth rate (CAGR) of 7.30 percent from 2016 to 2021. Growing prevalence of respiratory diseases, increasing geriatric population, and technological improvements in respiratory diagnostic systems are the key factors driving the increase of the overall respiratory diagnostics market.

Developing industries in Asia-Pacific including Japan, China (CN), India (IN), South Korea (KR), Taiwan, Australia (AU), and Singapore (SG) offer lucrative opportunities for actors in the respiratory diagnostics market. Increasing geriatric population, increasing per capita income, rising investments in the healthcare market by top market players, and expansion of private-sector hospitals to rural areas in several APAC countries are the main factors driving the rise of the respiratory diagnostics market.

The overall respiratory diagnostics market is mostly split by product and service, test type, disease, end-user, and area. On the basis of product and service, the respiratory diagnostics market is divided into instruments & devices, assays & reagents, and software & services. The instruments and devices segment is envisaged to account for the most important share of the respiratory diagnostics market in 2016. This significant share can be accredited to the continuous requirement of diagnostic instruments and devices in laboratories, point-of-care, and home care diagnosis.

On the basis of test type, the respiratory diagnostics market is mostly classified into mechanical tests, imaging tests, traditional diagnostic tests, and molecular diagnostic tests. In 2016, the traditional diagnostic tests segment is planned to account for the biggest share of the respiratory diagnostics market. The important share of this segment can be primarily attributed to the fast turnaround time of these tests. Nevertheless, over the years, advancements in technology have led to the replacement of traditional techniques with molecular diagnostic techniques.

On the basis of disease, the respiratory diagnostics market is broken down into asthma, chronic obstructive pulmonary disease, lung cancer, tuberculosis, and other diseases. The tuberculosis segment is intended to account for the most important share of the respiratory diagnostics market in 2016. The big share of this segment can be primarily attributed to the growth in tobacco smoking and increasing air pollution levels.

On the basis of end user, the respiratory diagnostics market is classified into hospital/clinical laboratories, reference laboratories, physician offices, and other end users (including blood banks, point-of-care testing, patient self-testing, home health agencies, nursing homes, and local public health laboratories). In 2016, the hospital/clinical laboratories segment is forecasted to account for the biggest share of the overall respiratory diagnostics market. Most respiratory disease diagnostics are carried out in hospitals as they are complex in nature and require technologically advanced products; this is driving the respiratory diagnostics market for hospital/clinical laboratories. Point-of-care diagnostics and patient self-testing are also anticipated to contribute to the increase of the respiratory diagnostics market in the forecast period due to the growing demand for convenient testing processes and rapid results.

New and innovative product launches was the dominant strategy approved by main industry participants to rise their share of market and cater to unmet needs.

Segment Research

From a comprehensive perspective, this market report deals with qualitative data, market value, and rise of different segments and sub-segments, opposing landscape, and company analysis. The qualitative data contains several levels of industry analysis including market dynamics (drivers, industry restraints, possibilities, and segment risks), winning imperatives, and burning issues. The analysis also provides market values and info on the increase of different segments in the sector. It focuses on emerging and the high-development segments, high-growth territories, and initiatives of governments. The competitive landscape includes increase strategies approved by sector actors in the last three years. The corporation reviews include basic views on key competitors in the respiratory diagnostics market and the product types, advancements, and strategies approved by market actors to maintain and rise their market shares in the upcoming future. The abovementioned market research data, current market size, and projection of future trends will facilitate top players and new sector entrants to make the essential decisions regarding product offerings, spatial focus, change in approach, Research and development investments for modernizations in products and technologies, and levels of output in order to remain profitable.

Why acquiring this study can help you:

From an insight prospect, this market research highlights on several levels of analysis - industry and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the respiratory diagnostics market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on products provided by the top actors in the respiratory diagnostics market

- Product improvement/Innovative products: In-depth understanding on the next technologies, analysis & growth activities, and recent product launches in the respiratory diagnostics market

- Industry development: Highlighted information about lucrative emerging markets-the report examines the industries for respiratory diagnostics products across several areas

- Industry diversification: Complete information about recent products, untapped areas, and recent evolutions in the respiratory diagnostics market

- Opposing assessment: In-depth assessment of market ranking, strategies, products, and manufacturing competences of the key players in the respiratory diagnostics market

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