USD 6.62 Billion
Respiratory Disease Testing Market Size, Share, Growth Analysis, By Test(Imaging Tests, Mechanical Tests, and In-vitro Diagnostic Tests), By End user(Hospitals, Diagnostic Centers, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2825 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
Respiratory Disease Testing Market Insights
Respiratory Disease Testing Market size was valued at USD 7.19 Billion in 2022 and is poised to grow from USD 7.80 Billion in 2023 to USD 14.98 Billion by 2031, at a CAGR of 8.5% during the forecast period (2024-2031).
The global respiratory disease testing market has experienced significant growth in recent years, driven by several factors. One of the key drivers is the increasing prevalence of respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), and lung cancer. These conditions are becoming more common due to factors such as pollution, smoking, and aging populations. As a result, there is a growing need for accurate and efficient testing methods to diagnose and monitor respiratory diseases. Advancements in technology have also played a crucial role in the expansion of the respiratory disease testing market. Innovations in diagnostic techniques, such as molecular diagnostics, immunoassays, and imaging technologies, have improved the accuracy and efficiency of respiratory disease testing. These advancements have enabled early detection and personalised treatment, leading to better patient outcomes. Furthermore, the COVID-19 pandemic has significantly contributed to the growth of the respiratory disease testing market.
The rapid spread of the virus highlighted the importance of respiratory testing in identifying and managing infections. The increased demand for COVID-19 testing has prompted the development and adoption of various respiratory testing methods, including polymerase chain reaction (PCR) tests, antigen tests, and serological tests. Despite the positive market outlook, there are several challenges that need to be addressed. Firstly, the high cost associated with respiratory disease testing can limit access, particularly in low-income regions. Affordability and reimbursement issues pose barriers to widespread adoption, hindering the market's growth potential. Additionally, the lack of awareness and limited infrastructure in certain regions may impede the adoption of respiratory disease testing. This is particularly relevant in developing countries, where healthcare systems may be underdeveloped and resources are scarce. Education and awareness campaigns are needed to promote the importance of early detection and appropriate testing methods. Moreover, regulatory complexities and stringent approval processes for new respiratory testing technologies can create obstacles for market players. These challenges can lead to delays in product launches and hinder innovation in the field.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hospital
Fastest Growth
Hospital
Growth Rate
8.5% CAGR
Global Respiratory Disease Testing Market ($ Bn)
Country Share for North America Region (%)
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Respiratory Disease Testing Market Segmental Analysis
The global respiratory disease testing market is segmented on the basis of test, end user, and region. By test, the market is segmented into Imaging Tests, Mechanical Tests, and In-vitro Diagnostic Tests. By end user, the market is segmented into Hospitals, Diagnostic Centers, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Test
The global respiratory disease testing market can be segmented by test type into Imaging Tests, Mechanical Tests, and In-vitro Diagnostic Tests. Within these segments, one dominant test type is In-vitro Diagnostic Tests, while the fastest growing test type is Imaging Tests. In-vitro Diagnostic Tests, such as molecular diagnostics and immunoassays, are the dominant test types in the respiratory disease testing market. These tests provide accurate and efficient diagnosis of respiratory diseases by analysing samples taken from patients, such as blood, sputum, or lung fluids. In-vitro Diagnostic Tests offer a wide range of capabilities, including detecting specific pathogens, identifying genetic markers, and measuring biomarkers associated with respiratory conditions. The dominance of In-vitro Diagnostic Tests is driven by their widespread adoption, established infrastructure, and proven efficacy in diagnosing respiratory diseases.
On the other hand, Imaging Tests are the fastest growing test type in the respiratory disease testing market. Imaging techniques, such as X-rays, computed tomography (CT) scans, magnetic resonance imaging (MRI), and positron emission tomography (PET) scans, are utilised to visualise the respiratory system and identify abnormalities or lesions. These tests provide detailed anatomical information and aid in the diagnosis, staging, and monitoring of respiratory diseases. The increasing demand for non-invasive and more precise diagnostic methods, coupled with technological advancements in imaging technology, has fueled the growth of Imaging Tests in the respiratory disease testing market.
Analysis By End user
The global respiratory disease testing market can be segmented by end users into Hospitals, Diagnostic Centers, and Others. Among these segments, hospitals are the dominant end users, while diagnostic centers are the fastest growing. Hospitals play a crucial role in the diagnosis and treatment of respiratory diseases. They are equipped with advanced infrastructure, medical expertise, and a wide range of diagnostic facilities, making them the primary destination for respiratory disease testing. Hospitals have the necessary resources to perform various tests, including imaging tests, in-vitro diagnostic tests, and mechanical tests. Their ability to provide comprehensive care and multidisciplinary approaches makes hospitals the dominant end user in the respiratory disease testing market.
Diagnostic centers, on the other hand, are the fastest growing end user segment in the global respiratory disease testing market. Diagnostic centers focus primarily on providing diagnostic services, including respiratory disease testing, in a specialised and efficient manner. These centers often have advanced imaging equipment, dedicated laboratories for in-vitro diagnostic tests, and specialised personnel trained in respiratory testing. Diagnostic centers offer convenience, shorter wait times, and specialised expertise, attracting patients seeking efficient and precise respiratory disease testing. Additionally, the increasing trend towards outpatient care and the rising demand for standalone diagnostic services contribute to the rapid growth of diagnostic centers in the respiratory disease testing market.
Global Respiratory Disease Testing Market By End user
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Respiratory Disease Testing Market Regional Insights
North America holds a dominant position in the global respiratory disease testing market due to several factors. The region benefits from advanced healthcare infrastructure, high healthcare expenditure, and a strong presence of key market players. Additionally, the high prevalence of respiratory diseases, such as asthma, COPD, and lung cancer, contributes to the demand for respiratory disease testing in North America. The region also experiences a proactive approach to early disease detection and management, which further drives the adoption of respiratory disease testing. Moreover, favourable reimbursement policies and government initiatives supporting respiratory healthcare contribute to the dominance of North America in the market.
Asia Pacific is the fastest growing region in the global respiratory disease testing market. This growth is primarily attributed to factors such as a large population base, rapid urbanisation, increasing awareness about respiratory diseases, and improving healthcare infrastructure. The region has witnessed a rise in respiratory disease prevalence due to pollution, smoking, and lifestyle changes. As a result, there is a growing need for efficient and accurate respiratory disease testing methods in Asia Pacific. Furthermore, governments in the region are focusing on expanding healthcare access, improving diagnostics capabilities, and investing in healthcare infrastructure, which is driving the market growth for respiratory disease testing in Asia Pacific.
Global Respiratory Disease Testing Market By Region
- Largest
- Fastest
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Respiratory Disease Testing Market Dynamics
Drivers
Increasing Prevalence of Respiratory Diseases
- The rising incidence and prevalence of respiratory diseases such as asthma, COPD, and lung cancer are major drivers of the respiratory disease testing market. Factors such as pollution, smoking, and aging populations contribute to the growing burden of respiratory diseases globally, creating a need for accurate and efficient testing methods.
Technological Advancements
- Advances in diagnostic technologies, including molecular diagnostics, immunoassays, and imaging techniques, have improved the accuracy, efficiency, and speed of respiratory disease testing. These advancements enable early detection, precise diagnosis, and personalised treatment, thereby driving the demand for respiratory disease testing.
Restraints
Stringent Regulatory Approval Processes
- The regulatory complexities and stringent approval processes for new respiratory testing technologies can pose challenges for market players. Obtaining regulatory approvals for new tests and technologies can be time-consuming and expensive, leading to delays in product launches and hindering innovation in the respiratory disease testing market.
Impact of COVID-19 on Other Respiratory Testing
- While the COVID-19 pandemic has boosted the demand for COVID-19 testing, it has also diverted resources and attention away from other respiratory diseases. This diversion may have temporarily impacted the overall testing volumes and resources available for non-COVID-19 respiratory disease testing.
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Respiratory Disease Testing Market Competitive Landscape
The global respiratory disease testing market features a competitive landscape characterised by the presence of several key players and a mix of established companies and emerging market entrants. These companies operate in various segments of the market, offering a wide range of respiratory disease testing solutions and services. The market is highly competitive, with players focusing on innovation, research and development, strategic collaborations, and mergers and acquisitions to gain a competitive edge. These strategies aim to enhance their product portfolios, expand their geographic reach, and strengthen their market position. Additionally, companies in the respiratory disease testing market strive to improve their testing technologies, accuracy, efficiency, and user-friendliness to meet the evolving needs of healthcare providers and patients. Furthermore, the market is witnessing increased partnerships between diagnostic companies, healthcare institutions, and research organisations to drive advancements in respiratory disease testing. Collaborations facilitate the exchange of knowledge, expertise, and resources, leading to the development of novel testing methodologies and solutions. The competitive landscape of the global respiratory disease testing market also encompasses the presence of regional players and local laboratories that cater to specific geographic areas. These players often focus on providing localised testing services, leveraging their knowledge of regional respiratory disease patterns and preferences.
Top Player’s Company Profile
- Roche Diagnostics - Switzerland
- Abbott Laboratories - US
- Siemens Healthineers - Germany
- Thermo Fisher Scientific Inc. - US
- BD (Becton, Dickinson and Company) - US
- bioMérieux - France
- QIAGEN - Germany
- Bio-Rad Laboratories, Inc. - US
- F. Hoffmann-La Roche Ltd. - Switzerland
- PerkinElmer, Inc. - US
- Hologic, Inc. - US
- Sysmex Corporation - Japan
- Cepheid (Danaher Corporation) - US
- GenMark Diagnostics, Inc. - US
- Trinity Biotech - Ireland
- Bruker Corporation - US
- Seegene Inc. - South Korea
- Randox Laboratories Ltd. - UK
- Grifols, S.A. - Spain
- DiaSorin S.p.A. - Italy
Recent Developments
- In February 2023, Abbott Laboratories received FDA clearance for its Alinity m SARS-CoV-2 assay, a rapid molecular test that can detect the virus in as little as 15 minutes.
- In March 2023, Cepheid announced the launch of its GeneXpert Omni assay, which can detect 17 respiratory viruses, including COVID-19, influenza, and RSV.
Respiratory Disease Testing Key Market Trends
- Increased Emphasis on Point-of-Care Testing: Point-of-care testing, which allows for rapid diagnosis and immediate treatment decisions at the patient's bedside, is gaining prominence in respiratory disease testing. The demand for rapid and accurate results, especially in critical care settings and resource-limited environments, is driving the adoption of point-of-care testing devices and platforms.
- Growing Adoption of Molecular Diagnostic Tests: Molecular diagnostic tests, including polymerase chain reaction (PCR) and nucleic acid amplification techniques, are increasingly being used for respiratory disease testing. These tests offer high sensitivity and specificity, enabling the detection of viral, bacterial, and genetic markers associated with respiratory diseases. The availability of rapid molecular diagnostic tests is improving early detection, patient management, and infection control measures.
Respiratory Disease Testing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global respiratory disease testing market analysis, North America maintains its dominant position in the global respiratory disease testing market due to its advanced healthcare infrastructure and high disease prevalence. However, the fastest growing region is Asia Pacific, driven by a large population base, increasing awareness, and improving healthcare infrastructure. The global respiratory disease testing market is experiencing significant growth and transformation driven by various factors. The increasing prevalence of respiratory diseases, technological advancements in diagnostic techniques, and the impact of the COVID-19 pandemic are major drivers of market expansion. The rising demand for accurate and efficient testing methods to diagnose and monitor respiratory diseases is propelling the adoption of in-vitro diagnostic tests, molecular diagnostics, and imaging tests.
Additionally, the growing emphasis on point-of-care testing, telemedicine, and remote monitoring is shaping the market landscape. Integration of artificial intelligence and machine learning, along with the focus on personalised medicine approaches, further enhance the capabilities and outcomes of respiratory disease testing. However, challenges such as the high cost of testing, limited awareness and infrastructure in certain regions, and regulatory complexities need to be addressed. Overall, continuous research and development efforts, coupled with collaborations and partnerships, drive innovation and competitiveness in the global respiratory disease testing market, paving the way for improved diagnostics, personalised care, and better management of respiratory conditions.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 7.19 Billion |
| Market size value in 2031 | USD 14.98 Billion |
| Growth Rate | 8.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Respiratory Disease Testing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Respiratory Disease Testing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Respiratory Disease Testing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Respiratory Disease Testing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Respiratory Disease Testing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Respiratory Disease Testing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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