This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.
Secondary Research
This research study involved the usage of comprehensive secondary sources; directories; databases such as Bloomberg Business, Factiva, and Dun & Bradstreet; white papers; annual reports; company house documents; investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for an extensive, technical, market-oriented, and commercial study of the respiratory diagnostics market. It was also used to obtain important information about the key players, market classification and segmentation according to industry trends to the bottommost level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include project/sales/marketing/business development managers, presidents, CEOs, vice presidents, chairpersons, chief operating officers, chief strategy officers, directors, chief information officers, chief medical information officers related to the respiratory diagnostics markets. Primary sources from the demand side include professionals from hospitals and clinics, diagnostics laboratories, professors, and researcher.
A breakdown of the primary respondents is provided below:
Note 1: C-level primaries include CEOs, COOs, CTOs, and VPs.
Note 2: Other primaries include sales managers, marketing managers, and product managers.
Note 3: Tiers are defined based on a company’s total revenue. As of 2023: Tier 1 = >USD 500 million, Tier 2 = USD 200 million to USD 500 million, and Tier 3 = < USD 200 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The total size of the respiratory diagnostics market was arrived at after data triangulation from three different approaches, as mentioned below. After each approach, the weighted average of the three approaches was taken based on the level of assumptions used in each approach
Data Triangulation
After arriving at the market size, the total market was divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed wherever applicable. The following figure shows the market validation, source structure, and data triangulation methodology implemented in the market engineering process.
Market Definition
Respiratory diagnostic devices assess and monitor the functioning of the respiratory system and play a crucial role in diagnosing and managing various respiratory conditions. They include a wide range of equipment that aids in breathing, improves pulmonary function, and assists in the removal of mucus from the airways. Some of the respiratory diagnostic tests include mechanical tests such as Spirometry, Pulse Oximetry, Bronchoscopy, Diagnostic Imaging tests, and in vitro diagnostic tests.
Stakeholders
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Respiratory diagnostic device manufacturers and distributors
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Healthcare institutions (hospitals, laboratories, medical schools, and outpatient clinics)
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Research institutes
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Contract manufacturing organizations (CMOs)
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Government associations
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Market research and consulting firms
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Venture capitalists and investors
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Market research and consulting firms
Report Objectives
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To define, describe, and forecast the respiratory diagnostics market by product and service, test type, disease indication, type of diagnosis, end user, and region
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To provide detailed information about the key factors influencing the market growth, such as drivers, restraints, opportunities, challenges, and industry trends
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To strategically analyze the regulatory scenario, Porter’s Five Forces, value chain, supply chain, ecosystem market/map, recession, and patents in the market
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To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall respiratory diagnostics market
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To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players.
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To strategically profile the key players in this market and comprehensively analyze their market shares and core competencies
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To strategically analyze the respiratory diagnostics market in five regions: North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
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To track and analyze competitive developments such as acquisitions, product launches, partnerships, and expansions in the respiratory diagnostics market.
Growth opportunities and latent adjacency in Respiratory Diagnostics Market