Pulmonary Function Testing Systems
Market Size and Growth Rate:
According
to the Research Report by Research Cosmos, The Pulmonary Function Testing
Systems (PFTS) Market Size is anticipated to grow at a CAGR of roughly 8.20%
over the forecast period 2018-2023.
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research report developed on Pulmonary Function Testing Systems Market @
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Pulmonary Function Testing Systems
Market Overview:
Rising
incidence of lung cancer, as well as other chronic lung-related disorders, is
the main driver of market growth. In addition, the increasing demand for
minimally invasive tests to design a proper method of treating lung disease
complements market growth. Also, the unnecessary consumption of tobacco in the
form of cigarettes has doubled the number of people with lung cancer. This has
become the principal driver of demand in the global market for pulmonary
function measurement systems. In addition, the majority of the geriatric
population has also played an important role in the rapid growth of the global
market.
However,
reimbursement difficulties and a shortage of qualified professionals restrict
the growth of the market.
The respiratory system of a person is of high use for the normal functioning of
life and a minor dysfunction can cause severe respiratory problems. As a
result, doctors and health professionals have highlighted the need for regular
lung exams in all age groups. This has spurred the growth of the market for
pulmonary function testing systems and built lucrative opportunities for market
vendors.
Pulmonary Function Testing Systems
Market Growth Drivers and Restraints:
The
global market for pulmonary function testing systems is anticipated to expand
at a boisterous rate over the future years. This stoked projection about the
global market is based on the increasing prevalence of respiratory diseases and
the urgency to treat them. Pulmonary function testing is done to examine the
health of the lungs and to guarantee that the respiratory tract of the body is
free of infections Moreover, PFT is necessary for patients with breathing lung
dysfunction or past history of lung disorders. Owing to the aforementioned
factors, the global market for PFTsystems is forecasted to witness an upsurge
in demand over the coming years.
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Pulmonary Function Testing Systems
Market Geographical Segmentation:
The
need for pulmonary function testing is felt across all age groups but the aging
population is at a greater risk of suffering from pulmonary disorders. Hence,
the increasing geriatric population in North America has driven demand within
the regional market. Furthermore, the healthcare infrastructure across the
region has been enhanced, which has further fortified the
market for pulmonary function testing systems across North America.
Key Players of the Pulmonary Function
Testing Systems Market:
Some
of the prominent players that are currently operating in the market include
CHEST M.I., Inc, COSMED Srl, Schiller, Diagnostic Corporation, Claire Medical,
and Medical Technologies, Inc, Medical
Equipment Europe GmbH, ECO MEDICS AG, Medical Electronic Construction and MGC.
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