Latest News- Plethysmograph Market: Hospitals is expected to lead the End-user segment during 2024-2028

The Plethysmograph Market is being driven by Increasing incidence and prevalence of lung and vascular diseases

The Plethysmograph Market is expected to grow at a CAGR of 3.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 18 million. In the medical device industry, there is a growing emphasis on the production of advanced plethysmographs to mitigate potential inaccuracies associated with traditional models. The global plethysmograph market is poised for expansion as manufacturers innovate with cutting-edge hardware designs and sophisticated software features. For example, PulmOne Advanced Medical Devices' MiniBox plus is a groundbreaking device, transitioning from a conventional body box lung plethysmograph into a precise tabletop model. This desktop, gasless system offers comprehensive Pulmonary Function Tests (PFTs), including whole-body plethysmography, spirometry, and diffusion testing, making it an indispensable tool for clinical settings. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Hospitals
  • Clinics
  • Others
• Application
  • Adult
  • Baby
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • France
  • Asia
    • China
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing incidence and prevalence of lung and vascular diseases
• High demand for advanced diagnostic devices
• Increasing awareness about plethysmographs

However, the market also witnesses some limitations, which are as follows:

• Limitations and complications associated with plethysmographs
• Availability of alternatives
• Presence of stringent regulations on medical devices

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Market Scope in Plethysmograph Market Research Report

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Research Analysis Overview

The Plethysmograph Market is analyzed in an Evaluation Quadrant, focusing on regions, manufacturing processes, raw materials, product positioning, and key applications. Key applications include Asthma and Pulmonary Fibrosis diagnosis and treatment in hospitals and clinics. High demand is driven by early diagnosis and lung function assessment, despite high costs and the need for trained personnel. Body and Lung Plethysmographs are the main product types. (50 words)

Market Research Overview

In the healthcare sector, Technavio identifies the plethysmograph market as a segment of the expansive global healthcare equipment industry. This market encompasses organizations involved in the research and development (R&D) of diagnostic equipment and devices, spanning capital equipment, instruments, implants, accessories, and consumables. The global healthcare equipment market size is determined by the consolidated revenue generated by manufacturers of diagnostic tools utilized across diverse therapy areas. The healthcare equipment industry is segmented into Devices, which incorporates advanced, differentiated, and clinically validated data-driven devices. Technavio's financial analysis, market insights, patent analysis, and Evaluation Quadrant provide comprehensive business intelligence for stakeholders in the plethysmograph market and the broader healthcare equipment landscape.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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