New York, NY, April 09, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Spirometer Market by Product Type (Hand Held, Table Top, and Desktop), by Technology (Volume Measurement, Flow Measurement, and Peak Flow Measurement), by Application (Asthma, COPD, Cystic Fibrosis, Pulmonary Fibrosis, and Others), and by End-User (Hospital, Homecare, and Clinics): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global spirometer market was valued at approximately USD 656 million in 2018 and is expected to generate around USD 1,238 million by 2025, at a CAGR of around 9.6% between 2019 and 2025.
Spirometers are medical devices used to measure oxygen inhaled and exhaled by an individual, which also helps in the monitoring of normal lung functions. These devices are mainly used to diagnose various respiratory and breathing disorders, such as COPD, asthma, and bronchitis, among others. These also help in screening occupational environment but are mostly used to detect respiratory disorders and lung functions before a surgery. Spirometers also help to manage respiratory disorders.
Browse through 71 Tables & 29 Figures spread over 110 Pages and in-depth TOC on “Global Spirometer Market: Type, Size, Share, Trends, Analysis, and Forecast, 2018–2025”.
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The growth of the spirometer market globally is driven by increasing prevalence of respiratory disorders like asthma and COPD and rising levels of environmental pollution. As per the Centers for Disease Control and Prevention report of 2017, around 6.2 million people aged 18 and above were living with asthma in the U.S. alone. Furthermore, the growing number of smokers is also expected to contribute to the spirometer market globally in the future. The increase in healthcare facilities and infrastructure has also propelled the growth of the global spirometer market. Moreover, technological advancements, a growing number of research and development activities, and strategic collaborations are likely to result in new product launches in the coming years, which will create new growth opportunities for the spirometer market. However, the lack of awareness and poor reimbursement policies may hamper the global spirometer market in the future.
The global spirometer market is classified into product type, technology type, application, and end-user. The product type segment includes handheld, desktop and table top. Tabletop spirometers are expected to dominate the spirometer market in the future. The technology segment includes flow measurement, peak flow measurement, and volume measurement. The flow measurement segment is expected to dominate over the forecast time period. The application segment includes COPD, pulmonary fibrosis, asthma, cystic fibrosis, and others. COPD is likely to hold the largest market share in the years ahead. The end-user segment includes clinics, homecare, and hospital. The hospital segment is expected to hold a major market share in terms of revenue in the future.
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By region, North America is expected to hold the largest share of the global spirometer market over the forecast time period. This can be attributed to the increased prevalence of breathing disorders among the regional population, the presence of developed countries, such as the U.S. and Canada, and developed healthcare infrastructure.
Europe is expected to be the second largest market over the forecast time period and will closely follow North America in terms of revenue. The presence of advanced research and development facilities across the region and various technological advancements are expected to propel the growth of the European spirometer market over the estimated time period.
Browse the full “Spirometer Market by Product Type (Hand Held, Table Top, and Desktop), by Technology (Volume Measurement, Flow Measurement, and Peak Flow Measurement), by Application (Asthma, COPD, Cystic Fibrosis, Pulmonary Fibrosis, and Others), and by End-User (Hospital, Homecare, and Clinics): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/spirometer-market
The Asia Pacific spirometer market is expected to grow notably in the future, owing to the presence of developing economies, such as India and China, and developing healthcare facilities. Furthermore, the increased prevalence of various breathing and respiratory disorders and the presence of domestic and international market players with huge investments in R&D across the region are also expected to contribute toward the Asia Pacific spirometer market in the years ahead.
Latin American and the Middle Eastern and African markets are expected to grow considerably over the estimated time period, due to the increasing awareness among the people, development of medical facilities, favorable government initiatives, and strong economic growth.
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Some key players of the global spirometer market are Philips Healthcare, Schiller AG, Medical International Research, CareFusion Corporation, Nihon Kohden Corporation, NDD Medical Technologies Inc., Welch Allyn Inc., Cosmed, Futuremed, SDI Diagnostics, Vitalograph, MGC Diagnostics Corporation, Jones Medical Hand-held Company, and Midmark Corporation.
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This report segments the global spirometer market as follows:
Global Spirometer Market: Product Type Analysis
- Hand Held
- Desktop
- Table Top
Global Spirometer Market: Technology Analysis
- Flow Measurement
- Peak Flow Measurement
- Volume Measurement
Global Spirometer Market: Application Analysis
- COPD
- Pulmonary Fibrosis
- Asthma
- Cystic Fibrosis
- Others
Global Spirometer Market: End-User Analysis
- Clinics
- Homecare
- Hospital
Global Spirometer Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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