Market Research Report
Global Spirometer Market Research and Forecast 2018-2023
|Published by||Orion Market Research Pvt Ltd||Product code||658978|
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|Global Spirometer Market Research and Forecast 2018-2023|
|Published: June 12, 2018||Content info:||
A spirometer market is an instrument used to measure the air capacity of the lungs. It measures the volume of air expired by the lungs and entering the apparatus. Spirometer is used to monitor various respiratory diseases such as asthma, emphysema, and bronchitis, among others. Moreover, an incentive spirometer can be used after the surgery, in order to keep the respiratory system healthy. It is used by patients recovering from cardiac surgeries and other related illnesses.
Rising geriatric population is increasing the adoption of home-based spirometer for the monitoring of chronic respiratory diseases, in turn, fueling the growth of the global spirometer market. Moreover, rising number of smokers is one of the major drivers of the spirometer market growth. Urbanization has increased the level of population, leading to the prevalence of respiratory diseases in the developed economies, in turn, augment the use of spirometers across the globe. Lack of awareness among the population regarding the prevalence of various pulmonary respiratory devices and its related symptoms is significantly hampering the market growth. However, the introduction of advanced technology such as integration of cell phones with spirometers is expected to fuel the market growth in the near future.
The spirometer market can be segmented on the basis of product type, technology, application, component, and end user. Based on product type, the market is bifurcated into a hand-held spirometer, table-top spirometer, and desktop (PC) spirometer. Based on technology, the market can be segmented into volume measurement, flow measurement, and peak flow meters. Based on application, the market is diversified into diagnostics and therapeutics. Based on disposable components, the market is segmented into filters, sensors, and tubes. Based on end users, the market is diversified into hospitals, clinics, and homecare. Among the types of product, the table-top spirometer segment holds a major share in the global spirometer market. This is due to its compact size and extensive use in hospitals and clinics.
The global spirometer market is further analyzed on the basis of the geographical regions such as North America, Europe, Asia Pacific, and the Rest of the World. North America holds a dominant position in the global spirometer market, followed by Europe. This is mainly owing to rising prevalence of respiratory diseases and supportive government policies in the region. Moreover, the increase in healthcare expenditure has proven the major driver in the growth of the spirometer market in North America. The Asia Pacific is projected to exhibit the fastest growth in the global spirometer market over the forecast period. The growing awareness among the population regarding the availability of a number of respiratory care therapeutic devices is one of the major factors contributing towards the growth of the spirometer market in the Asia Pacific.
Some of the key vendors of the spirometer market are Medical International Research, Welch Allyn Inc., Midmark Corp., Vyaire, Schiller, Cosmed, nSpire Health Inc., Sibelmed, and QRS diagnostics, among others. In order to sustain in the competitive market, these players adopt various strategies such as acquisitions, mergers, expansions, joint ventures and product development and so on. For instance, in April 2018, NuvoAir AB, a producer of respiratory monitors, has unveiled the introduction of wireless spirometer for the home users. The portable device can be connected with the user's smartphones via Bluetooth LE.
The market study of spirometer market is incorporated by extensive primary and secondary research conducted by research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings the authenticity in our reports.
Secondary sources include:
The report is intended for spirometer manufacturers, electronics providers, government organizations for overall market analysis and competitive analysis. The report provides in-depth analysis on pricing, market size, intended quality of the product preferred by consumers, initial norms and vehicle segment. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models such as PEST analysis, Porter five analysis delivering insights into the market for better business decisions.
Global spirometer market is segmented on the basis of regional outlook and following segments:
THE REPORT COVERS: