North America Respiratory Disease Testing Market Size & Outlook
North America respiratory disease testing market, 2018-2030 (US$M)
North America respiratory disease testing market highlights
- The North America respiratory disease testing market generated a revenue of USD 2,215.3 million in 2023.
- The market is expected to grow at a CAGR of 2.2% from 2024 to 2030.
- In terms of segment, imaging tests was the largest revenue generating product in 2023.
- Imaging Tests is the most lucrative product segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 2,215.3 million |
| Market revenue in 2030 | USD 2,572.5 million |
| Growth rate | 2.2% (CAGR from 2023 to 2030) |
| Largest segment | Imaging tests |
| Fastest growing segment | Imaging Tests |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Imaging Tests |
| Key market players worldwide | Abbott Laboratories, Becton Dickinson & Co, Koninklijke Philips NV, ResMed Inc, Fisher & Paykel Healthcare Corp Ltd, Medtronic PLC, BioMerieux SA, Siemens Healthineers AG ADR, Carestream Health - HCIS business |
Other key industry trends
- In terms of revenue, North America region accounted for 34.7% of the global respiratory disease testing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,146.9 million by 2030.
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Respiratory Disease Testing Market Scope
Respiratory Disease Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America respiratory disease testing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to respiratory disease testing market will help companies and investors design strategic landscapes.
Imaging tests was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America respiratory disease testing market based on imaging tests covering the revenue growth of each sub-segment from 2018 to 2030.
North America is the largest region in the market, owing to increasing adoption of diagnostic products due to its high accuracy, sensitivity, and specificity. Increasing requirement of tests for diagnosis of diseases, such as tuberculosis, RSV, influenza A & B, and COVID-19 is expected to drive market growth.
Increasing number of strategic partnerships among manufacturers of testing kits and In Vitro Diagnostics (IVD) companies for the development of novel techniques makes North America a lucrative market for infectious respiratory disease diagnostics.
Favorable government initiatives and reimbursement policies are likely to drive market growth. The New Technology Add-on Payment (NTAP) program has been introduced by the CMS to reduce financial losses for hospitals.
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Our clientele includes a mix of respiratory disease testing market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America respiratory disease testing market , including forecasts for subscribers. This continent databook contains high-level insights into North America respiratory disease testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America respiratory disease testing market
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