Global FeNO Measuring Device Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global FeNO Measuring Device Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global FeNO Measuring Device market finds that the global FeNO Measuring Device market reached a value of USD 126.46 million in 2022. It’s expected that the market will achieve USD 351.76 million by 2028, exhibiting a CAGR of 18.59% during the forecast period.

Emerging and Growing Market of FeNO Measuring Device

In the first 10 months of 2019, Chinese consumers' retail spending increased by 8% year-on-year, which was higher than the income growth rate (about 6%), and the number of new jobs increased by more than 10 million. China's economy grew by 3.2% in the second quarter, becoming the first major economy to resume growth in 2020. A series of previous data have shown that China's economic situation continues to improve. Driven by strong domestic demand, China's economy has maintained a recovery trend for four consecutive months, and China may still be the world's best consumer market. With the continuous economic development and the continuous improvement of consumption power, the government is constantly improving the public's .

Industry Limitations

The in vitro diagnostic industry is a multidisciplinary industry integrating electrochemistry, materials, electro mechanics, software and hardware, biology, and clinical medicine. FeNO Measuring Device industry is a typical technology-intensive industry, which requires high technological innovation and new product development capabilities. , The research and development cycle is long and the investment is relatively large, and the legal and safety requirements are relatively strict. Therefore, in the process of new product development, there is a risk of R&D failure or R&D level being overtaken by competitors due to deviations in the R&D technology route, slow R&D process, and high R&D investment costs, which may be detrimental to the company’s operations Impact.

Industry Opportunities

In many developing countries, the medical device industry is a key national regulatory industry. The development of the industry is more sensitive to medical and health policies, and even many regions will have support policies and subsidy policies. Taking China as an example, the current medical and health policies are generally conducive to the expansion of the medical device market, standardizing market competition, and encouraging the localization of medical devices. This will to a large extent bring opportunities for the development of the industry.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Circassia, Spirosure, Bosch Healthcare Solutions GmbH with the revenue market share of 64.77%, 10.01% and 9.10% in 2019.

Circassia Group PLC operates as a pharmaceutical company. The Company develops treatments and medicines for respiratory diseases.

Spirosure, Inc. provides medical products. The Company focuses on research, development, and commercialization of novel breath analysis devices for application in disease diagnosis and management.

Segmentation Overview:

Among different product types, Electrochemical detection segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Online segment occupied the biggest share from 2017 to 2022.

Key Companies in the global FeNO Measuring Device market covered in Chapter 3:

Spirosure Inc
Circassia
Bedfont Limited
Bosch Healthcare Solutions GmbH
Sunvou Medical

In Chapter 4 and Chapter 14.2, on the basis of types, the FeNO Measuring Device market from 2018 to 2029 is primarily split into:

Chemiluminescence
Electrochemical detection

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the FeNO Measuring Device market from 2018 to 2029 covers:

Offline
Online

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)