Dublin, Feb. 18, 2019 (GLOBE NEWSWIRE) -- 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 spirometers market is projected to reach USD 1,047.5 million by 2023 from USD 655.2 million in 2018, at a CAGR of 9.8%.

Spirometers are used for the diagnosis of lung disorders as well as for monitoring chronic lung conditions. It is one of the most cost-effective and user-friendly techniques available for the diagnosis of lung disorders.

Growth in this market is largely driven by the rising global incidence of respiratory diseases, increasing aging population, and the technological shift in spirometer devices towards smartphone-based data acquisition. On the other hand, dependence on patient and other human interventions for data will hinder the growth of this market and will remain a challenge. In this report, the spirometers market is further segmented by product, mechanism, application, end user, and region.

On the basis of region, the spirometers market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2018, North America commanded the largest share of 42.2% of the spirometers market. The large share of this market segment can be attributed to the increasing incidence of chronic respiratory diseases and increasing adoption of technologically advanced devices in the region.

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:

1 Introduction

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
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Incidence of Respiratory Diseases
5.2.1.2 Growth in Geriatric Population
5.2.1.3 Technological Shift Towards Smartphone-Based Data Collection
5.2.2 Restraints
5.2.2.1 Time Required to Perform the Test
5.2.3 Opportunities
5.2.3.1 Emerging Economies
5.2.4 Challenges
5.2.4.1 Need for Skilled Professionals and the Possibility of Inaccuracy

6 Spirometers Market, By Product
6.1 Introduction
6.2 Consumables & Accessories
6.2.1 Consumables & Accessories Accounted for the Largest Market Share in 2018
6.3 Devices
6.3.1 PC-Based Spirometers
6.3.1.1 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
6.3.2.1 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
6.3.3.1 Table-Top Spirometers Account for A Relatively Smaller Share of the Market Due to Their Limited Applications
6.4 Software
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
7.1 Introduction
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
8.1 Introduction
8.2 COPD
8.2.1 Spirometry is the Easiest Available Method for COPD Diagnosis
8.3 Asthma
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
9.1 Introduction
9.2 Hospitals
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
11.1 Overview
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
  • Hill-Rom
  • Medical International Research
  • MGC Diagnostics
  • Midmark Corporation
  • NDD Medizintechnik AG
  • Schiller AG
  • Vitalograph
  • Vyaire Medical

For more information about this report visit https://www.researchandmarkets.com/research/h7zdwr/global_spirometer?w=12

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Related Topics: Respiratory Devices