The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s respiratory devices and equipment (diagnostic) market report forecasts the respiratory devices and equipment (diagnostic) market size to grow to $10.22 Billion by 2027, with a CAGR (compound annual growth rate) of 8%.

Learn More On The Respiratory Devices And Equipment (Diagnostic) Market Report 2023 – https://www.thebusinessresearchcompany.com/report/respiratory-devices-and-equipment-global-market-report

Respiratory Devices And Equipment (Diagnostic) Market Size Forecast
The global respiratory devices and equipment (diagnostic) market is expected to grow from $6.93 billion in 2022 to $7.51 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The respiratory devices and equipment (diagnostic) market is expected to grow from $10.22 billion in 2027 at a CAGR of 8.0%.

Asia-Pacific held the largest respiratory devices and equipment (diagnostic) market share.

Key Respiratory Devices And Equipment (Diagnostic) Market Driver ­– Increase In The Prevalence Of Various Respiratory Diseases
For instance, in June 2021, according to the world health organization data, chronic obstructive pulmonary disease (COPD) is the third disease on the list of causing death in the world. There are about 3.23 million deaths that are caused by chronic obstructive pulmonary disease (COPD).. Thus, the increased number of such cases has surged the demand for diagnostic devices and equipment, therefore driving the market’s growth.

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Key Respiratory Devices And Equipment (Diagnostic) Market Trend – Innovative Technology-Enabled Portable Respiratory Devices
Companies in the market are increasingly investing in portable and wireless diagnostic respiratory devices. The trend is being driven by the ease of handling, cost-effectiveness, advanced features of these devices, and their suitability for use at home care organizations. Innovative technology-enabled portable respiratory devices are being launched into the market, which, unlike traditional devices, can be used for immediate diagnosis of vital signs, for example, the patients’ respiratory rate and the pulse rate. For instance, in July 2021, Tidal Medical Technologies received U.S FDA approval for the use of its InSee incentive spirometer accessory for detection of medical condition and symptoms of COVID-19 in hospital settings.

Respiratory Devices And Equipment (Diagnostic) Market Segment
1)By Product: Instruments And Devices, Assays And Reagents
2) By Test Type: Traditional Diagnostic Tests, Mechanical Tests, Imaging Tests, Molecular Diagnostic Tests
3)By Disease Type: Chronic Obstructive Pulmonary Disease, Lung Cancer, Asthma, Tuberculosis, Other Diseases
4) By End User: Hospital/Clinical Laboratories, Physician Offices, Reference Laboratories, Other End Users

Respiratory Devices And Equipment (Diagnostic) Market Major Players and Strategies
Major players in the respiratory devices and equipment (diagnostic) market are ResMed. Inc., Medtronic PLC., Massimo Corporation, Fisher & Paykel Healthcare Limited, Koninklijke Philips N.V, Smiths Medical, GE Healthcare, Chart Industries, Philips Healthcare, and Becton Dickinson and Company.

In June 2020, AireHealth acquired BreathResearch for an undisclosed amount. The deal comprises the acquisition of IP, research, and patents, which include work on machine learning analytics for respiratory condition tracking. BreathResearch is a US-based company engaged in converting the airwaves of breathing into sound waves producing new respiratory analytics which improve health, fitness, and performance.

The Respiratory Devices And Equipment (Diagnostic) Global Market Report 2023 covers regional data on respiratory devices and equipment (diagnostic) market size, respiratory devices and equipment (diagnostic) market trends and drivers, opportunities, strategies, and respiratory devices and equipment (diagnostic) market competitor analysis. The countries covered in the respiratory devices and equipment (diagnostic) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Respiratory devices and equipment (diagnostic) are used in the diagnosis of respiratory disorders such as asthma, cystic fibrosis, and chronic obstructive pulmonary disease.

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Respiratory Devices And Equipment (Therapeutic) Global Market Report 2023
Respiratory Monitoring Devices Global Market Report 2023

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