Respiratory Diagnostics Market Report, Industry Overview, Growth Rate and Forecast 2026

According to the latest report by IMARC Group, the global respiratory diagnostics market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026. 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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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.

Browse full report with detailed TOC and list of figures and tables: https://bit.ly/37UUIP5

Global Respiratory Diagnostics Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of the key players being Philips Healthcare, Abbott Laboratories (ABT), BIOMERIEUX (BIM.PA), Becton, Dickinson and Company (BDX), Thermo Fisher Scientific, Alere Inc., Seegene Inc., 3M, Bio-Rad Laboratories, SDI Diagnostics, COSMED, etc.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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