Spirometer Market - Global Forecast to 2023: Technological Shift Towards Smartphone-Based Data Collection
DUBLIN, Feb. 12, 2019 /PRNewswire/ --
The "Spirometer Market by Product (Device, Consumables, Accessories, Software), Mechanism (Flow Sensor, Peak Flow Meters), Application (COPD, Asthma), End User (Hospital, Clinical Laboratories, Home care, Industrial Settings) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The spirometry equipment market is projected to reach USD 1,047 million by 2023 from USD 655 million in 2018, at a CAGR of 9.8% during the forecast period.
The rising global incidence of chronic respiratory diseases, increasing global aging population, and technological shifts in spirometer devices toward smartphone-based data connectivity and analysis are factors expected to drive market growth during the forecast period. Emerging economies with growing industrialization are also expected to provide opportunities for the growth of the market.
Consumables & accessories accounted for a significant share of the market in 2018
By product, the spirometry equipment market is segmented into consumables & accessories, devices, and software. The devices segment is further categorized into PC-based, portable, and table-top spirometer devices. In 2018, the consumables & accessories segment accounted for the largest market share. This segment is also expected to grow at the highest CAGR during the forecast period. The rising incidence of chronic respiratory diseases and technological advancements are driving the growth of this product segment.
COPD segment accounted for the largest share of the spirometry equipment market in 2018
On the basis of application, the spirometry equipment market is segmented into COPD, asthma, and other applications. In 2018, the COPD segment accounted for the largest share of the spirometry equipment market. The large share of this segment can be attributed to the rising global prevalence of respiratory diseases and the increasing global aging population.
North America dominated the spirometry equipment market in 2018
North America, which includes the US, Canada, and Mexico, accounted for the largest share of the spirometry equipment market. The large share of this market segment can be attributed to the increasing incidence of chronic respiratory diseases in this region. In addition to this, the increasing aging population is also driving the growth of this market.
The major players operating in this market are Hill-Rom (US), Vyaire Medical (US), Fukuda Sangyo (Japan), Chest MI (Japan), Schiller AG (Switzerland), MGC Diagnostics (US), Medical International Research (Italy), NDD Medical Technologies (Switzerland), Vitalograph (UK), and MidMark Corporation (US).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Spirometers: Market Overview
4.2 North America: Spirometers Market, By Product (2018)
4.3 Geographical Snapshot of the Spirometers Market
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Rising Incidence of Respiratory Diseases
18.104.22.168 Growth in Geriatric Population
22.214.171.124 Technological Shift Towards Smartphone-Based Data Collection
126.96.36.199 Time Required to Perform the Test
188.8.131.52 Emerging Economies
184.108.40.206 Need for Skilled Professionals and the Possibility of Inaccuracy
6 Spirometers Market, By Product
6.2 Consumables & Accessories
6.2.1 Consumables & Accessories Accounted for the Largest Market Share in 2018
6.3.1 PC-Based Spirometers
220.127.116.11 Ease of Use and Low Cost of PC-Based Spirometers Make Them an Ideal Option in Hospitals and Clinical Laboratories
6.3.2 Portable Spirometers
18.104.22.168 Portable Spirometers are Easy to Use and are Thus Predominantly Used in Home Settings as Well as in Industries
6.3.3 Table-Top Spirometers
22.214.171.124 Table-Top Spirometers Account for A Relatively Smaller Share of the Market Due to Their Limited Applications
6.4.1 Software for Spirometers Help in Data Capture and Analysis of Patient Conditions, Making Them A Key Product Segment
7 Spirometers Market, By Mechanism
7.2 Flow-Sensing Spirometers
7.2.1 Rising Incidence of Respiratory Diseases to Drive Growth in the Flow-Sensing Spirometers Market
7.3 Peak Flow Meters
7.3.1 Growing Awareness About Lung Disorders to Drive Market Growth
8 Spirometers Market, By Application
8.2.1 Spirometry is the Easiest Available Method for COPD Diagnosis
8.3.1 High Prevalence of Asthma to Drive the Use of Spirometers for the Early Diagnosis of the Disease
8.4 Other Applications
9 Spirometers Market, By End User
9.2.1 Increase in Reimbursements for Clinical Tests Performed in Hospitals to Drive Growth in This End-User Segment
9.3 Clinical Laboratories
9.3.1 Large Number of Clinical Laboratories Carrying Out Tests Globally to Drive Market Growth
9.4 Home Care Settings
9.4.1 Widespread Use of Incentive Spirometers and Peak Flow Meters in Home Care Settings to Drive Market Growth
9.5 Industrial Settings
9.5.1 Due to Their Ease of Use, Portable Spirometers are Predominantly Used in Industrial Settings
10 Spirometers Market, By Region
11 Competitive Landscape
11.2 Market Ranking Analysis, 2017
11.3 Key Strategies
11.3.1 Product Launches, 2015-2018
11.3.2 Expansions, 2015-2018
11.3.3 Partnerships, 2015-2018
11.3.4 Regulatory Approval
11.4 Competitive Leadership Mapping (2017)
11.5 Competitive Leadership Mapping for Startups (2017)
12 Company Profiles
- Chest M.I.
- Fukuda Sangyo
- Medical International Research
- MGC Diagnostics
- Midmark Corporation
- NDD Medizintechnik AG
- Schiller AG
- Vyaire Medical
For more information about this report visit https://www.researchandmarkets.com/research/swhsvz/spirometer_market?w=5
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