Respiratory Diagnostics Market Report 2024-2030: A $9.8 Billion Opportunity - Surge in Demand for POC and Rapid Testing Solutions Generate New Business Opportunities [Yahoo! Finance]
Abbott Laboratories (ABT)
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Source: Yahoo! Finance
The global market for Respiratory Diagnostics was estimated at US$7.2 Billion in 2023 and is projected to reach US$9.8 Billion by 2030, growing at a CAGR of 4.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The growth in the Respiratory Diagnostics market is driven by several factors. The increasing prevalence of respiratory diseases, such as asthma, COPD, and lung infections, is a significant driver, as these conditions create a growing demand for accurate and reliable diagnostic tools. Technological advancements, particularly in imaging, molecular diagnostics, and point-of-care devices, are also propelling market growth by enhancing the capabilities and accessibility of respiratory diagnostics. The rising awareness of the importance of early detection and management of respiratory conditions is further boosting demand for these diagnostics, as early intervention
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