The Respiratory Diagnostics Devices Market is expected to register a CAGR of 6% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented based on Product and Service (Instruments and Devices, Assays and Reagents, Services and Software); Test Type (Mechanical Tests, OSA Diagnostic Tests, Imaging Tests, Traditional Diagnostic Tests, Molecular Diagnostic Tests, Other Test Types); Disease Indication (Tuberculosis, Asthma, Lung Cancer, Chronic Obstructive Pulmonary Disease); End User (Hospital, Clinical Laboratories, Reference Laboratories, Physician Offices). The global analysis is further broken down at the regional level and major countries. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Respiratory Diagnostics Devices Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Respiratory Diagnostics Devices Market Segmentation
Product and Service- Instruments and Devices
- Assays and Reagents
- Services and Software
- Mechanical Tests
- OSA Diagnostic Tests
- Imaging Tests
- Traditional Diagnostic Tests
- Molecular Diagnostic Tests
- Other Test Types
- Tuberculosis
- Asthma
- Lung Cancer
- Chronic Obstructive Pulmonary Disease
- Hospital
- Clinical Laboratories
- Reference Laboratories
- Physician Offices
Strategic Insights
Respiratory Diagnostics Devices Market Growth Drivers- Rising Prevalence of Respiratory Diseases: The increasing incidence of respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), and lung cancer, coupled with the ongoing impact of respiratory infections like influenza and COVID-19, is driving demand for accurate and rapid diagnostic tools.
- Technological Advancements: Continuous advancements in technology, such as miniaturization, sensor technology, and artificial intelligence (AI), are enabling the development of more sophisticated and user-friendly respiratory diagnostic devices.
- Growing Emphasis on Early Disease Detection: Early detection and diagnosis of respiratory diseases are crucial for improving patient outcomes and reducing healthcare costs. This has led to increased demand for point-of-care (POC) diagnostic devices that enable rapid and accurate diagnosis in various settings.
- Integration of AI and Machine Learning: AI and ML algorithms will be increasingly integrated into respiratory diagnostic devices to improve accuracy, automate data analysis, and enable personalized treatment plans.
- Wearable and Mobile Diagnostics: The development of wearable and mobile respiratory diagnostic devices will enable continuous monitoring of respiratory health, allowing for early detection of disease progression and improved patient management.
- Point-of-Care (POC) Testing: The demand for rapid and accurate POC testing will continue to grow, enabling timely diagnosis and treatment in various settings, including primary care clinics, emergency departments, and even at home.
- Development of Novel Biomarkers: The discovery and utilization of novel biomarkers for respiratory diseases will enhance the accuracy and sensitivity of diagnostic tests.
- Personalized Medicine: Respiratory diagnostic devices can be used to identify individual risk factors and tailor treatment plans to specific patient needs.
- Telehealth Integration: Integrating respiratory diagnostic devices with telehealth platforms will enable remote patient monitoring, improve access to healthcare, and enhance patient care.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Respiratory Diagnostics Devices Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Respiratory Diagnostics Devices Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The leading players are: Koninklijke Philips N.V., BD, Abbott, Thermo Fisher Scientific Inc., Medtronic, NIHON KOHDEN CORPORATION, GENERAL ELECTRIC, Smiths Group plc, Dragerwerk AG & Co. KGaA, Bio-Rad Laboratories, Inc.
The future trends of the Respiratory Diagnostics Devices Market are: Integration of AI and Machine Learning, Wearable and Mobile Diagnostics and Point-of-Care (POC) Testing
Respiratory Diagnostics Devices Market is expected to grow at a CAGR of 6% between 2023-2031
The driving factors impacting the Respiratory Diagnostics Devices Market are: Rising Prevalence of Respiratory Diseases, Technological Advancements and Growing Emphasis on Early Disease Detection
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Respiratory Diagnostics Devices Market - By Product and Service
1.3.2 Respiratory Diagnostics Devices Market - By Test Type
1.3.3 Respiratory Diagnostics Devices Market - By Disease Indication
1.3.4 Respiratory Diagnostics Devices Market - By End User
1.3.5 Respiratory Diagnostics Devices Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. RESPIRATORY DIAGNOSTICS DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. RESPIRATORY DIAGNOSTICS DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. RESPIRATORY DIAGNOSTICS DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. RESPIRATORY DIAGNOSTICS DEVICES - GLOBAL MARKET OVERVIEW
6.2. RESPIRATORY DIAGNOSTICS DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. RESPIRATORY DIAGNOSTICS DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT AND SERVICE
7.1. OVERVIEW
7.2. PRODUCT AND SERVICE MARKET FORECASTS AND ANALYSIS
7.3. INSTRUMENTS AND DEVICES
7.3.1. Overview
7.3.2. Instruments and Devices Market Forecast and Analysis
7.4. ASSAYS AND REAGENTS
7.4.1. Overview
7.4.2. Assays and Reagents Market Forecast and Analysis
7.5. SERVICES AND SOFTWARE
7.5.1. Overview
7.5.2. Services and Software Market Forecast and Analysis
8. RESPIRATORY DIAGNOSTICS DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - TEST TYPE
8.1. OVERVIEW
8.2. TEST TYPE MARKET FORECASTS AND ANALYSIS
8.3. MECHANICAL TESTS
8.3.1. Overview
8.3.2. Mechanical Tests Market Forecast and Analysis
8.4. OSA DIAGNOSTIC TESTS
8.4.1. Overview
8.4.2. OSA Diagnostic Tests Market Forecast and Analysis
8.5. OTHER TEST TYPES
8.5.1. Overview
8.5.2. Other Test Types Market Forecast and Analysis
8.6. IMAGING TESTS
8.6.1. Overview
8.6.2. Imaging Tests Market Forecast and Analysis
8.7. TRADITIONAL DIAGNOSTIC TESTS
8.7.1. Overview
8.7.2. Traditional Diagnostic Tests Market Forecast and Analysis
8.8. MOLECULAR DIAGNOSTIC TESTS
8.8.1. Overview
8.8.2. Molecular Diagnostic Tests Market Forecast and Analysis
9. RESPIRATORY DIAGNOSTICS DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - DISEASE INDICATION
9.1. OVERVIEW
9.2. DISEASE INDICATION MARKET FORECASTS AND ANALYSIS
9.3. TUBERCULOSIS
9.3.1. Overview
9.3.2. Tuberculosis Market Forecast and Analysis
9.4. ASTHMA
9.4.1. Overview
9.4.2. Asthma Market Forecast and Analysis
9.5. LUNG CANCER
9.5.1. Overview
9.5.2. Lung Cancer Market Forecast and Analysis
9.6. CHRONIC OBSTRUCTIVE PULMONARY DISEASE
9.6.1. Overview
9.6.2. Chronic Obstructive Pulmonary Disease Market Forecast and Analysis
10. RESPIRATORY DIAGNOSTICS DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITAL
10.3.1. Overview
10.3.2. Hospital Market Forecast and Analysis
10.4. CLINICAL LABORATORIES
10.4.1. Overview
10.4.2. Clinical Laboratories Market Forecast and Analysis
10.5. REFERENCE LABORATORIES
10.5.1. Overview
10.5.2. Reference Laboratories Market Forecast and Analysis
10.6. PHYSICIAN OFFICES
10.6.1. Overview
10.6.2. Physician Offices Market Forecast and Analysis
11. RESPIRATORY DIAGNOSTICS DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Respiratory Diagnostics Devices Market Overview
11.1.2 North America Respiratory Diagnostics Devices Market Forecasts and Analysis
11.1.3 North America Respiratory Diagnostics Devices Market Forecasts and Analysis - By Product and Service
11.1.4 North America Respiratory Diagnostics Devices Market Forecasts and Analysis - By Test Type
11.1.5 North America Respiratory Diagnostics Devices Market Forecasts and Analysis - By Disease Indication
11.1.6 North America Respiratory Diagnostics Devices Market Forecasts and Analysis - By End User
11.1.7 North America Respiratory Diagnostics Devices Market Forecasts and Analysis - By Countries
11.1.7.1 United States Respiratory Diagnostics Devices Market
11.1.7.1.1 United States Respiratory Diagnostics Devices Market by Product and Service
11.1.7.1.2 United States Respiratory Diagnostics Devices Market by Test Type
11.1.7.1.3 United States Respiratory Diagnostics Devices Market by Disease Indication
11.1.7.1.4 United States Respiratory Diagnostics Devices Market by End User
11.1.7.2 Canada Respiratory Diagnostics Devices Market
11.1.7.2.1 Canada Respiratory Diagnostics Devices Market by Product and Service
11.1.7.2.2 Canada Respiratory Diagnostics Devices Market by Test Type
11.1.7.2.3 Canada Respiratory Diagnostics Devices Market by Disease Indication
11.1.7.2.4 Canada Respiratory Diagnostics Devices Market by End User
11.1.7.3 Mexico Respiratory Diagnostics Devices Market
11.1.7.3.1 Mexico Respiratory Diagnostics Devices Market by Product and Service
11.1.7.3.2 Mexico Respiratory Diagnostics Devices Market by Test Type
11.1.7.3.3 Mexico Respiratory Diagnostics Devices Market by Disease Indication
11.1.7.3.4 Mexico Respiratory Diagnostics Devices Market by End User
11.2. EUROPE
11.2.1 Europe Respiratory Diagnostics Devices Market Overview
11.2.2 Europe Respiratory Diagnostics Devices Market Forecasts and Analysis
11.2.3 Europe Respiratory Diagnostics Devices Market Forecasts and Analysis - By Product and Service
11.2.4 Europe Respiratory Diagnostics Devices Market Forecasts and Analysis - By Test Type
11.2.5 Europe Respiratory Diagnostics Devices Market Forecasts and Analysis - By Disease Indication
11.2.6 Europe Respiratory Diagnostics Devices Market Forecasts and Analysis - By End User
11.2.7 Europe Respiratory Diagnostics Devices Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Respiratory Diagnostics Devices Market
11.2.7.1.1 Germany Respiratory Diagnostics Devices Market by Product and Service
11.2.7.1.2 Germany Respiratory Diagnostics Devices Market by Test Type
11.2.7.1.3 Germany Respiratory Diagnostics Devices Market by Disease Indication
11.2.7.1.4 Germany Respiratory Diagnostics Devices Market by End User
11.2.7.2 France Respiratory Diagnostics Devices Market
11.2.7.2.1 France Respiratory Diagnostics Devices Market by Product and Service
11.2.7.2.2 France Respiratory Diagnostics Devices Market by Test Type
11.2.7.2.3 France Respiratory Diagnostics Devices Market by Disease Indication
11.2.7.2.4 France Respiratory Diagnostics Devices Market by End User
11.2.7.3 Italy Respiratory Diagnostics Devices Market
11.2.7.3.1 Italy Respiratory Diagnostics Devices Market by Product and Service
11.2.7.3.2 Italy Respiratory Diagnostics Devices Market by Test Type
11.2.7.3.3 Italy Respiratory Diagnostics Devices Market by Disease Indication
11.2.7.3.4 Italy Respiratory Diagnostics Devices Market by End User
11.2.7.4 Spain Respiratory Diagnostics Devices Market
11.2.7.4.1 Spain Respiratory Diagnostics Devices Market by Product and Service
11.2.7.4.2 Spain Respiratory Diagnostics Devices Market by Test Type
11.2.7.4.3 Spain Respiratory Diagnostics Devices Market by Disease Indication
11.2.7.4.4 Spain Respiratory Diagnostics Devices Market by End User
11.2.7.5 United Kingdom Respiratory Diagnostics Devices Market
11.2.7.5.1 United Kingdom Respiratory Diagnostics Devices Market by Product and Service
11.2.7.5.2 United Kingdom Respiratory Diagnostics Devices Market by Test Type
11.2.7.5.3 United Kingdom Respiratory Diagnostics Devices Market by Disease Indication
11.2.7.5.4 United Kingdom Respiratory Diagnostics Devices Market by End User
11.2.7.6 Rest of Europe Respiratory Diagnostics Devices Market
11.2.7.6.1 Rest of Europe Respiratory Diagnostics Devices Market by Product and Service
11.2.7.6.2 Rest of Europe Respiratory Diagnostics Devices Market by Test Type
11.2.7.6.3 Rest of Europe Respiratory Diagnostics Devices Market by Disease Indication
11.2.7.6.4 Rest of Europe Respiratory Diagnostics Devices Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Respiratory Diagnostics Devices Market Overview
11.3.2 Asia-Pacific Respiratory Diagnostics Devices Market Forecasts and Analysis
11.3.3 Asia-Pacific Respiratory Diagnostics Devices Market Forecasts and Analysis - By Product and Service
11.3.4 Asia-Pacific Respiratory Diagnostics Devices Market Forecasts and Analysis - By Test Type
11.3.5 Asia-Pacific Respiratory Diagnostics Devices Market Forecasts and Analysis - By Disease Indication
11.3.6 Asia-Pacific Respiratory Diagnostics Devices Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Respiratory Diagnostics Devices Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Respiratory Diagnostics Devices Market
11.3.7.1.1 Australia Respiratory Diagnostics Devices Market by Product and Service
11.3.7.1.2 Australia Respiratory Diagnostics Devices Market by Test Type
11.3.7.1.3 Australia Respiratory Diagnostics Devices Market by Disease Indication
11.3.7.1.4 Australia Respiratory Diagnostics Devices Market by End User
11.3.7.2 China Respiratory Diagnostics Devices Market
11.3.7.2.1 China Respiratory Diagnostics Devices Market by Product and Service
11.3.7.2.2 China Respiratory Diagnostics Devices Market by Test Type
11.3.7.2.3 China Respiratory Diagnostics Devices Market by Disease Indication
11.3.7.2.4 China Respiratory Diagnostics Devices Market by End User
11.3.7.3 India Respiratory Diagnostics Devices Market
11.3.7.3.1 India Respiratory Diagnostics Devices Market by Product and Service
11.3.7.3.2 India Respiratory Diagnostics Devices Market by Test Type
11.3.7.3.3 India Respiratory Diagnostics Devices Market by Disease Indication
11.3.7.3.4 India Respiratory Diagnostics Devices Market by End User
11.3.7.4 Japan Respiratory Diagnostics Devices Market
11.3.7.4.1 Japan Respiratory Diagnostics Devices Market by Product and Service
11.3.7.4.2 Japan Respiratory Diagnostics Devices Market by Test Type
11.3.7.4.3 Japan Respiratory Diagnostics Devices Market by Disease Indication
11.3.7.4.4 Japan Respiratory Diagnostics Devices Market by End User
11.3.7.5 South Korea Respiratory Diagnostics Devices Market
11.3.7.5.1 South Korea Respiratory Diagnostics Devices Market by Product and Service
11.3.7.5.2 South Korea Respiratory Diagnostics Devices Market by Test Type
11.3.7.5.3 South Korea Respiratory Diagnostics Devices Market by Disease Indication
11.3.7.5.4 South Korea Respiratory Diagnostics Devices Market by End User
11.3.7.6 Rest of Asia-Pacific Respiratory Diagnostics Devices Market
11.3.7.6.1 Rest of Asia-Pacific Respiratory Diagnostics Devices Market by Product and Service
11.3.7.6.2 Rest of Asia-Pacific Respiratory Diagnostics Devices Market by Test Type
11.3.7.6.3 Rest of Asia-Pacific Respiratory Diagnostics Devices Market by Disease Indication
11.3.7.6.4 Rest of Asia-Pacific Respiratory Diagnostics Devices Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Respiratory Diagnostics Devices Market Overview
11.4.2 Middle East and Africa Respiratory Diagnostics Devices Market Forecasts and Analysis
11.4.3 Middle East and Africa Respiratory Diagnostics Devices Market Forecasts and Analysis - By Product and Service
11.4.4 Middle East and Africa Respiratory Diagnostics Devices Market Forecasts and Analysis - By Test Type
11.4.5 Middle East and Africa Respiratory Diagnostics Devices Market Forecasts and Analysis - By Disease Indication
11.4.6 Middle East and Africa Respiratory Diagnostics Devices Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Respiratory Diagnostics Devices Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Respiratory Diagnostics Devices Market
11.4.7.1.1 South Africa Respiratory Diagnostics Devices Market by Product and Service
11.4.7.1.2 South Africa Respiratory Diagnostics Devices Market by Test Type
11.4.7.1.3 South Africa Respiratory Diagnostics Devices Market by Disease Indication
11.4.7.1.4 South Africa Respiratory Diagnostics Devices Market by End User
11.4.7.2 Saudi Arabia Respiratory Diagnostics Devices Market
11.4.7.2.1 Saudi Arabia Respiratory Diagnostics Devices Market by Product and Service
11.4.7.2.2 Saudi Arabia Respiratory Diagnostics Devices Market by Test Type
11.4.7.2.3 Saudi Arabia Respiratory Diagnostics Devices Market by Disease Indication
11.4.7.2.4 Saudi Arabia Respiratory Diagnostics Devices Market by End User
11.4.7.3 U.A.E Respiratory Diagnostics Devices Market
11.4.7.3.1 U.A.E Respiratory Diagnostics Devices Market by Product and Service
11.4.7.3.2 U.A.E Respiratory Diagnostics Devices Market by Test Type
11.4.7.3.3 U.A.E Respiratory Diagnostics Devices Market by Disease Indication
11.4.7.3.4 U.A.E Respiratory Diagnostics Devices Market by End User
11.4.7.4 Rest of Middle East and Africa Respiratory Diagnostics Devices Market
11.4.7.4.1 Rest of Middle East and Africa Respiratory Diagnostics Devices Market by Product and Service
11.4.7.4.2 Rest of Middle East and Africa Respiratory Diagnostics Devices Market by Test Type
11.4.7.4.3 Rest of Middle East and Africa Respiratory Diagnostics Devices Market by Disease Indication
11.4.7.4.4 Rest of Middle East and Africa Respiratory Diagnostics Devices Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Respiratory Diagnostics Devices Market Overview
11.5.2 South and Central America Respiratory Diagnostics Devices Market Forecasts and Analysis
11.5.3 South and Central America Respiratory Diagnostics Devices Market Forecasts and Analysis - By Product and Service
11.5.4 South and Central America Respiratory Diagnostics Devices Market Forecasts and Analysis - By Test Type
11.5.5 South and Central America Respiratory Diagnostics Devices Market Forecasts and Analysis - By Disease Indication
11.5.6 South and Central America Respiratory Diagnostics Devices Market Forecasts and Analysis - By End User
11.5.7 South and Central America Respiratory Diagnostics Devices Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Respiratory Diagnostics Devices Market
11.5.7.1.1 Brazil Respiratory Diagnostics Devices Market by Product and Service
11.5.7.1.2 Brazil Respiratory Diagnostics Devices Market by Test Type
11.5.7.1.3 Brazil Respiratory Diagnostics Devices Market by Disease Indication
11.5.7.1.4 Brazil Respiratory Diagnostics Devices Market by End User
11.5.7.2 Argentina Respiratory Diagnostics Devices Market
11.5.7.2.1 Argentina Respiratory Diagnostics Devices Market by Product and Service
11.5.7.2.2 Argentina Respiratory Diagnostics Devices Market by Test Type
11.5.7.2.3 Argentina Respiratory Diagnostics Devices Market by Disease Indication
11.5.7.2.4 Argentina Respiratory Diagnostics Devices Market by End User
11.5.7.3 Rest of South and Central America Respiratory Diagnostics Devices Market
11.5.7.3.1 Rest of South and Central America Respiratory Diagnostics Devices Market by Product and Service
11.5.7.3.2 Rest of South and Central America Respiratory Diagnostics Devices Market by Test Type
11.5.7.3.3 Rest of South and Central America Respiratory Diagnostics Devices Market by Disease Indication
11.5.7.3.4 Rest of South and Central America Respiratory Diagnostics Devices Market by End User
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL RESPIRATORY DIAGNOSTICS DEVICES MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. RESPIRATORY DIAGNOSTICS DEVICES MARKET, KEY COMPANY PROFILES
14.1. KONINKLIJKE PHILIPS N.V.
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. BD
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. ABBOTT
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. THERMO FISHER SCIENTIFIC INC.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. MEDTRONIC
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. NIHON KOHDEN CORPORATION
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. GENERAL ELECTRIC COMPANY
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. SMITHS GROUP PLC
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. DR
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. BIO-RAD LABORATORIES, INC.
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Koninklijke Philips N.V.
2. BD
3. Abbott
4. Thermo Fisher Scientific Inc.
5. Medtronic
6. NIHON KOHDEN CORPORATION
7. GENERAL ELECTRIC
8. Smiths Group plc
9. Dragerwerk AG & Co. KGaA
10. Bio-Rad Laboratories, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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