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

As per The Business Research Company’s Respiratory Devices And Equipment (Diagnostic) Global Market Report 2023, the respiratory devices and equipment (diagnostic) market is expected to show significant growth in the forecast period.

Key insights from the respiratory devices and equipment (diagnostic) market forecast include:

1. Market Size

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 respiratory devices and equipment (diagnostic) market is expected to grow from $10.22 billion in 2027 at a CAGR of 8.0%.

2. Major Driver

The rising frequency of various respiratory ailments boosted the global respiratory devices and equipment market by boosting the use of diagnostic devices and treatment equipment. For example, according to World Health Organisation estimates, chronic obstructive pulmonary disease (COPD) will be the third leading cause of death in the world in June 2021. Chronic obstructive pulmonary disease (COPD) is responsible for around 3.23 million fatalities. As a result, the growing frequency of such cases has increased demand for diagnostic instruments and equipment, boosting market expansion.

View More On The Respiratory Dcompany.com/reportevices And Equipment (Diagnostic) Market Report 2023 – https://www.thebusinessresearch/respiratory-devices-and-equipment-global-market-report

3. Key Trend

Market participants are boosting their investments in portable and wireless diagnostic respiratory equipment. The ease of use, cost-effectiveness, advanced features of these devices, and their suitability for usage in home care organisations are driving this trend. Innovative technology-enabled portable respiratory devices are being introduced to the market, and unlike old equipment, they may be utilised for fast diagnosis of vital signs such as the patient’s breathing rate and pulse rate. Tidal Medical Technologies, for example, got US FDA approval in July 2021 for the use of their InSee incentive spirometer attachment for identification of medical condition and symptoms of COVID-19 in hospital settings.

4. Largest Region

Asia-Pacific was the largest region in the respiratory devices and equipment (diagnostic) market in 2022.

5. Major Players

Major players in the food diagnostics 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.

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Key Respiratory Devices And Equipment (Diagnostic) Market Segments
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

The Respiratory Devices And Equipment (Diagnostic) Global Market Report 2023  provides an in-depth analysis on the respiratory devices and equipment (diagnostic) market size, trends and drivers, opportunities, strategies, and companies 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.

View More Related Reports –
Respiratory Devices And Equipment (Therapeutic And Diagnostic) Global Market Report 2023
Respiratory Devices And Equipment (Therapeutic) Global Market Report 2023
Anesthesia And Respiratory Devices Global Market Report 2023

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