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Pulmonary Function Testing Systems Market to Capture 8.20% CAGR from 2018 and 2023: Pune, India, October 2018/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Pulmonary Function Testing Systems Market.As per latest data released by Market Research Future (MRFR), the global market for pulmonary function testing (PFT) systems will exhibit a strong CAGR of 8.20% CAGR from 2018 to 2023. Tests involved in assessing pulmonary function are non-invasive and mainly performed to identify respiratory issues. In recent years, issues related to respiration has increased to a substantial level partly due to factors such as climate change, rising air pollution and increased consumption of cigarette. PFT systems are used for measuring lung volume, capacity, the rate of flow and gas exchange. The information derived from the test are accurate and help in diagnosing certain lung disorders as well as determining treatment or therapeutics for them.
Global Pulmonary Function Testing Systems Market: Competitive Landscape
Some of the prominent players that are currently operating in the market include COSMED srl, Schiller, CHEST M.I.,Inc, Diagnostic Corporation, Vyaire Medical, Inc, Medical Equipment Europe GmbH, ECO MEDICS AG, ndd Medical Technologies, Medical Electronic Construction and MGC
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Demand for PFT services has increased significantly thereby driving the growth of the pulmonary function testing systems market. Other factors that are reflecting favourably on the market include rising prevalence of lung cancer, rapidly expanding geriatric population, increased occurrence of obesity and increasing healthcare expenditure.
The EU-28’s standardised death rate for diseases of the respiratory system was 78.3 deaths per 100 000 inhabitants in 2014. The rate of pulmonary diseases has witness a considerable uptick, making PFT systems an important medical device. However, these systems have a high price-tag, which is hampering their penetration in developing countries.
Changing life style and environmental effects are making individuals highly susceptible to various types of chronic diseases including pulmonary diseases. This continues to create application opportunities for PFT systems.
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for pulmonary function testing systems
By Type
Complete PFT Systems
Portable PFT Systems
Test Type
Spirometry
Lung Volume
Gas Exchange Testing
Maximal Voluntary Ventilation
Oxygen Titration Test
High Altitude Simulation Testing
By Component
Software
Hardware
Service
By Application
Chronic Obstructive Pulmonary Disease
Asthma
Chronic Shortness of Breath
Restrictive Lung Disease
By End-User
Hospital/Clinical Laboratories
Diagnostics Laboratories
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Global Pulmonary Function Testing Systems Market: Regional Analysis
In the report, the pulmonary function testing systems market has been covered across regions such as North America, the Middle East & Africa (MEA), South America, Europe and Asia Pacific (Asia Pacific). The market in Americas is most lucrative and also makes a considerable contributes in terms of revenue. In 2017, the Americas collectively accounted for 39.0% market share followed by Europe and Asia-Pacific with 31.9% and 21.1% market share respectively.
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About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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