The increasing prevalence of lung and vascular diseases, growing geriatric population, and a shift in focus towards early diagnosis are factors that are contributing to the growth of the market. There is a high demand for fast, easy, portable, and affordable diagnostic devices, such as POC diagnostics. This is expected to increase the demand for plethysmograph during the forecast period.
As per Technavio, the advent of next-generation plethysmographs will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global plethysmograph market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Plethysmograph Market: Advent of Next-Generation Plethysmographs
The plethysmography market is witnessing the emergence of several next-generation plethysmographs. These plethysmographs are developed to avoid misinterpretation of test results caused due to the use of conventional plethysmograph. The next-generation plethysmographs are equipped with the latest hardware design and advanced software features to provide highly accurate results. Thus, the advent of next-generation plethysmograph will be a key trend in the market during the forecast period.
“Apart from the advent of next-generation plethysmographs, other factors such as the business expansion of key vendors in emerging markets, and the increasing preference for low-cost non-invasive diagnostics will have a significant impact on the growth of the plethysmograph market value during the forecast period,” says a senior analyst at Technavio.
Global Plethysmograph Market: Segmentation Analysis
This market research report segments the global plethysmograph market worth by application (adult and baby), end-users (hospitals, clinics, and others), and geographic regions (North America, Europe, Asia, and ROW).
The North America region led the plethysmograph market in 2018, followed by Europe, Asia, and ROW, respectively. The growth of the plethysmograph market share in North America can be attributed to factors such as the increasing incidence of lung diseases and the increase in research and funding activities.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.