Global Respiratory Diagnostics Market Size, Industry Share, Growth, Price Trends, Opportunity and Forecast 2022-2027

Respiratory Diagnostics Market by Product and Service Type (Instruments and Services, Assays and Reagents, Services and Software), Test Type (Mechanical Tests, Obstructive Sleep Apnoea (OSA) Diagnostic Tests, Imaging Tests, Traditional Diagnostic Tests, Molecular Diagnostic Tests & Others), Disease (Tuberculosis, Asthma, Chronic Obstructive Pulmonary Disease (COPD), Lung Cancer & Others), Key Players and Region – Industry Outlook to 2027.

According to the latest report by IMARC Group, the global respiratory diagnostics market reached US$ 6.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.9 Billion by 2027, exhibiting a growth rate (CAGR) of 7.73% during 2022-2027. Respiratory diagnostic, also known as respiratory or lung examination, is the clinical process carried for assessing lung functioning and other related issues. It is generally practiced when the patient experiences chest pain, cough and irritation in the respiratory tract, or irregular breathing patterns, among other medical conditions. Respiratory diagnostic procedures include chest X-ray, oximetry, sniff nasal inspiratory pressure (SNIP), CT scan, and spirometry. Advanced diagnostic methods improve patient management leading to reduced antibiotics dosage, shorter hospital stays, and minimized health risks.

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Respiratory Diagnostics Market Trends

Rapid urbanization, particularly in developing countries, has given rise to sedentary lifestyles, leading to high consumption of tobacco and smoking. Also, the increasing air pollution in countries, like India and China, has accelerated the prevalence of chronic diseases, such as asthma, lung cancer, pulmonary fibrosis, and bronchitis. These factors, coupled with the growing geriatric population, have catalyzed the demand for respiratory diagnostic devices in private hospitals and clinics. Additionally, various technological advancements, such as the introduction of artificial intelligence (AI)-based advanced molecular diagnostic tests, has positively influenced the efficiency of respiratory diagnostics.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global respiratory diagnostics market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product and service type, test type, disease and end-user.

Breakup by Product and Service Type:

• Instruments and Services
• Assays and Reagents
• Services and Software

Breakup by Test Type:

• Mechanical Tests
• Obstructive Sleep Apnoea (OSA) Diagnostic Tests
• Imaging Tests
• Traditional Diagnostic Tests
• Molecular Diagnostic Tests
• Others

Breakup by Disease:

• Tuberculosis
• Asthma
• Chronic Obstructive Pulmonary Disease (COPD)
• Lung Cancer
• Others

Breakup by End-User:

• Hospitals
• Clinics
• Reference and Clinical Laboratories
• Others

Breakup by Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Philips Healthcare, Abbott Laboratories, Biomerieux, Becton Dickinson, Thermo Fisher Scientific Inc., Alere Inc., Seegene Inc., 3M, Bio-Rad Laboratories, SDI Diagnostics and COSMED, etc.

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