Pulmonary Function Testing Systems Market Scope
Pulmonary Function Testing (PFT) is a complete evaluation of the respiratory system including patient history, physical examinations, chest x-ray examinations, arterial blood gas analysis, and tests of pulmonary function. The primary purpose of pulmonary function testing is to identify the severity of pulmonary impairment. Pulmonary function testing has diagnostic and therapeutic roles and helps clinicians answer some general questions about patients with lung disease.This report, the Pulmonary Function Testing Systems refer to the Pulmonary Function Testing Systems device, mainly covers the spirometer, pulmonary function/stress testing system, PFT, peak flow meter and other product type.
The global Pulmonary Function Testing Systems market including many local as well as regional players. Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Pulmonary Function Testing Systems market throughout the predicted period.
BD (United States), Schiller (Switzerland), COSMED (Italy), nSpire Health (United States), Morgan Scientific (United States), Vyaire Medical, Inc (United States), Medical Equipment Europe GmbH (Germany), ECO MEDICS AG (Switzerland) and CHEST M.I., Inc (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are MGC Diagnostics (United States) and Ganshorn (Germany).
Segmentation Overview
The study have segmented the market of Global Pulmonary Function Testing Systems market by Type (Portable PFT Systems and Complete PFT Systems), by Application (Chronic Obstructive Pulmonary Disease, Asthma, Chronic Shortness of Breath and Restrictive Lung Disease) and Region with country level break-up.
On the basis of geography, the market of Pulmonary Function Testing Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Growth Drivers:
Increasing Prevalence of Lung Cancer, Growth in the Elderly Population and Changing Life Style and Environmental Effects
Challenges:
Rising Cost of Pulmonary Devices
Restraints:
Stringent Regulatory Policies
Opportunities:
Increasing Scope Of High-Potency Pulmonary Function Testing and Increasing Healthcare Expenditure
Market Leaders and their Expansionary Development Strategies
In April 2018, Vyaire Medical Inc. plans to become a global leader in respiratory care, Vyaire Medical Inc. is a leader in respiratory care announced that it has acquired Acutronic Medical Systems and separately they entered into an agreement to acquire medical Ag, Inc
In October 2018, NSPIRE HEALTH INC. announced the introduction of Iris IQ. This technology removes incongruences between pulmonary function test results and other respiratory diagnostic exams., and In March 2018, COSMED srl announced the release of a new product line of metabolic monitors for quick, accurate, intuitive, and affordable indirect calorimetry.
Key Target Audience
Medical device manufacturers and distributors, Government research organizations, Hospitals and clinics, Regulatory agencies and Pharmaceutical companies
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.