Chronic obstructive pulmonary disease (COPD) is an umbrella term used to describe progressive lung diseases including emphysema and chronic bronchitis. COPD causes inflammation and damage to the lungs which makes it difficult to breathe over time. Some common symptoms of COPD include wheezing, chronic cough, chest tightness, and increased mucus production. COPD diagnosis market comprises portable spirometers, laboratory spirometers, chest CT, blood gas tests, and imaging tests that help assess the severity and progression of COPD in patients. Portable spirometers provide accurate, reproducible readings of lung function tests which aid in early diagnosis.
The chronic obstructive pulmonary disease (COPD) diagnosis market is estimated to be valued at USD 2.18 billion in 2024 and is expected to reach USD 3.05 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Key Takeaways
Key players in the COPD diagnosis market:Fisher & Paykel Healthcare, Medtronic, Koninklijke Philips N.V., BD, General Electric Company
Key opportunities: Growing COPD prevalence, technological advancements in portable spirometers, development of combinational diagnostic tools
Technological advancements: Integrated smartphones with portable spirometers allow transmission of test results to physicians remotely. Artificial intelligence helps detect abnormalities in CT scans with high accuracy for Chronic Obstructive Pulmonary Disease (COPD) Diagnosis Market and staging.
Market drivers:
Rising cigarette smoking rate is a major risk factor for COPD. It is estimated that over 200 million persons worldwide have COPD due to continued exposure to tobacco smoke and other pollutants. Growing pollution levels from vehicle emissions and biomass burning has increased the incidence of COPD globally. Stringent regulatory mandates to curb indoor and outdoor air pollution will drive increased diagnostic testing for COPD over the forecast period.
Current Challenges in Chronic Obstructive Pulmonary Disease (COPD) Diagnosis Market
Some key challenges faced by the Chronic Obstructive Pulmonary Disease (COPD) diagnosis market are lack of awareness about the early symptoms of COPD, inadequate diagnostic facilities in developing regions, and shortage of pulmonologists. Many patients ignore the initial signs of COPD such as cough, wheezing etc thinking them to be normal aging problems. This delays the diagnosis. Also, low and middle income countries lack proper equipment and trained staff for COPD diagnosis. This deters patients from getting timely medical help. The specialist pulmonologist workforce is inadequate to deal with the growing COPD patient base in both developed and developing regions.
SWOT Analysis
Strength: Growing awareness and screening programs help identify more COPD cases early. Standard diagnostics tools ensure accurate diagnosis.
Weakness: Underdiagnosis still remains high in developing world. Portable diagnostic devices need faster regulatory approvals.
Opportunity: Rapid urbanization and rising pollution levels will boost future market growth. New biomarkers and imaging technologies can augment diagnostics.
Threats: Alternative treatment options and preventive measures can reduce dependence on diagnostics. Regulations on smoking may impact prevalence rates.
The United States accounts for the largest share in the Chronic Obstructive Pulmonary Disease (COPD) diagnosis market currently due to factors like extensive diagnostic infrastructure, growing elderly population, and high smoking rates. China holds the second largest position and is expected to witness fastest gains owing to worsening air pollution levels and changing lifestyle in the country.
Presently, Asia Pacific region registers fastest growth in the COPD diagnosis market due to increasing environmental pollution, growing tobacco consumption, and expanding healthcare sector in developing nations like India and China. The rising incidence of COPD along with improving access to diagnostics will continue aiding the regional market over the forecast period.
Get this Report in Japanese Language: 慢性閉塞性肺疾患(COPD)診断市場
Get this Report in Korean Language: 만성폐쇄성폐질환(COPD) 진단 시장
Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)