Pulmonary Function Testing Systems Market

Pulmonary Function Testing Systems Market

Growth Factors of Pulmonary Function Testing Systems Market

The pulmonary function testing systems market size was valued at USD 158.1 million in 2023, and the market is now projected to grow from USD 164.4 million in 2024 to USD 236.0 million by 2032, exhibiting a CAGR of 4.6% during the forecast period of 2024-2032.

The impact of the COVID-19 pandemic resulted in reduced demand for pulmonary function testing systems. The extensive interruption caused by COVID-19 expressively affected the manufacturing of these systems. However, the market observed robust recovery from the COVID-19 pandemic in 2022 and is projected to develop progressively over the prediction period.

Pulmonary function testing systems are non-invasive tests that analyse the working of the lungs. The tests measure size, lung capacity, gas interchange, and flow rates and determine the dealing for certain lung sicknesses. Pulmonary function testing systems are relatively useful in detecting the early-stage abnormalities in asymptomatic patients and evaluating the damage to the lungs formerly any signs and symptoms develop. Due to these reasons, pulmonary function testing has turn into important between physicians for screening and recognition of pulmonary disorders.

The companies working in the worldwide market are continually stressing on progresses, such as launching portable systems with further parameters and encouraging the implementation of these devices in independent health center. These plans amplified the shift from complete to convenient systems, thus encouraging the complete market development. Furthermore, many market performers are developing new convenient systems to identify numerous prolonged respirational disorders, which is projected to encourage the pulmonary function testing systems market growth during the prediction period.

Comprehensive Analysis of Pulmonary Function Testing Systems Market

The market can be segmented in various ways, depending on the focus of analysis such as by type, by stage and by end-user. Based on type, the market is segmented into portable and complete. By end-user, the market is divided into physical examination (diagnostic) centers, physician groups (clinics), hospitals, and others.

North America region is dominating the pulmonary function testing systems market share due to growing occurrence of prolonged respiratory diseases and growing hospital admissions.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include ndd Medizintechnik AG (Switzerland), COSMED srl (Italy), MGC Diagnostics Corporation (U.S.), PulmOne Advanced Medical Devices (Israel), CHEST M.I., Inc. (Japan), VYAIRE MEDICAL, INC. (U.S.), KoKo PFT (U.S.), Medical Electronic Construction (Belgium) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In March 2023, Vitalograph partnered with Morgan Scientific to introduce an innovative range of pulmonary function testing (PFT) systems. Mutually, the partnership incorporates progressive comprehensive PFT software from Morgan Scientific with PFT hardware from Vitalograph.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.6% from 2024-2032

Unit Value (USD million)

Segmentation By Type

Portable

Complete

By End-user

Hospitals

Physical Examination (Diagnostic) Centers

Physician Groups (Clinics)

Others

By Region

North America (By Type, By End-user, By Country)

• U.S.
• Canada

Europe (By Type, By End-user, By Country/Sub-region)

• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe

Asia Pacific (By Type, By End-user, By Country/Sub-region)

• Japan
• China
• India
• Australia
• Rest of Asia Pacific

Latin America (By Type, By End-user, By Country/Sub-region)

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa (By Type, By End-user, By Country/Sub-region)

• South Africa
• GCC

Rest of Middle East & Africa