Rising global incidence of respiratory diseases, growth in the geriatric population, and technological advancements in spirometer devices are driving the overall growth of the spirometer market The global spirometer market is projected to reach USD 1,285 million by 2025 from USD 799 million in 2020, at a CAGR of 11.1%. Market growth is largely driven by the rising global incidence of respiratory diseases, growth in the geriatric population, and technological advancements in spirometer devices. Opportunities for growth of the market exist in emerging economies on account of increasing pollution levels and rising awareness regarding COPD and other respiratory conditions. The consumables and accessories segment accounted for the highest growth rate in the spirometer market, by product segment, during the forecast period “ Based on product, the spirometer market is segmented into devices, consumables & accessories, and software.The consumables and accessories segment accounted for the largest share and highest CAGR in the spirometer market during the forecast period.
The rising incidence of respiratory diseases and the growing geriatric population are the key factors driving the growth of this product segment.
Flow- Sensing segment accounted for the highest growth rate of the spirometer market Based on mechanism, the spirometer market is segmented into flow-sensing spirometer and peak flow meters.The flow- sensing segment is projected to witness a higher growth rate during the forecast period.
This can be attributed to the rising incidence of chronic respiratory diseases and technological advancements.
COPD segment accounted for highest CAGR Based on application, the spirometer market is segmented into COPD, asthma, and other applications.The COPD segment accounted to show highest growth rate during the forecast period.
The large share of this segment can be attributed to the high and growing prevalence of COPD globally and the easy diagnosis of COPD offered by spirometry.
Hospitals segment to register the highest growth rate during the forecast period Based on end user, the spirometer market is segmented into hospitals, clinical laboratories, home care settings, and industrial settings.The hospitals segment is expected to account for the highest share and CAGR.
Rapidly growing aging population, the increase in reimbursements for clinical tests performed in hospitals, and the launch of advanced spirometer devices are the factors driving the growth to this market during the forecasted period.
Asia Pacific: The fastest-growing region spirometer market The global spirometer market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World (RoW).The Asia Pacific region is projected to grow at the highest CAGR during the forecast period in 2019.
The large share of this market segment can be attributed to the increasing incidence of chronic respiratory diseases and the rising adoption of technologically advanced devices in the region.
The primary interviews conducted for this report can be categorized as follows: • By Company Type: Tier 1 - 36%, Tier 2 - 45%, and Tier 3 - 19% • By Designation: C-level - 33%, D-level - 40%, and Others - 27% • By Region: North America - 35%, Europe - 27%, Asia Pacific - 22%, Rest of the World- 16%
Lits of companies Profiled in the Report: • Hill-Rom, Inc. (US) • Midmark Corp. (US) • Futuremed (US), • COSMED (Italy) • MGC Diagnostics Corporation (US) • Vyaire Medical (US) • Medical International Research (Italy) • Vitalograph (UK) • ndd Medical Technologies (Zurich), Inc. • Schiller AG (Switzerland) • Jones Medical Instrument Company (US) • Sibelmed (Spain) • Recorders and Medicare Systems (India) • Smiths Medical (US) • Medline (US) • Teleflex (US) • CONTEC (China) • Fysiomed (Belgium) • Medikro (Finland) • Sdi Diagnostics (US) • CHEST M.I. (Japan), Inc • FUKUDA SANGYO Co. Ltd. (Japan) • Clarity Medical (India) • Guangzhou Medsinglong Medical Equipment Co., Ltd. (China).
Research Coverage: This report provides a detailed picture of the global spirometer market.It aims at estimating the size and future growth potential of the market across different segments, such as product, mechanism, application, end user, and region.
The report also includes an in-depth competitive analysis of the key market players, along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report: The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall spirometer market and its subsegments.It will also help stakeholders better understand the competitive landscape and gain more insights to position their business better and make suitable go-to-market strategies.
This report will enable stakeholders to understand the pulse of the market and provide them with information on the key market drivers, challenges, opportunities, and trends.
Our reports have been used by over 10K customers, including:
The global respiratory care devices market is expected to reach nearly US$ 35 Billion by 2026. Respiratory care is a healthcare specialty, which is focused on improving cardiopulmonary functions and promoting health & wellness. Respiratory care devices are used for the diagnosis, treatment, and monitoring of patients who are suffering from...
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Pulse Oximeter Market Report The pulse oximeter market by revenue is expected to grow at a CAGR of over 9% during the period 2019–2025. The global pulse oximeter market is expected to grow at an absolute growth of over 70% during the...
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Nebulizer Market Report The nebulizer market by revenue is expected to grow at a CAGR of over 7% during the period 2019–2025. The global nebulizer market is one of the steady growing segments in the global medical devices market. It is...
Outbreak of infectious diseases affecting the respiratory system is expected to drive market growth. The respiratory care devices market is expected to reach USD 29.9 billion by 2025 from USD 16.0 billion in 2019, at a CAGR of -12.5% during the forecast period of 2020 to 2025. Due to the outbreak of coronavirus globally, there is a sudden...
The US pulse oximeters market was valued at US$ 541.01 million in 2019 and is projected to reach US$ 1,106.78 million by 2027; it is expected to grow at a CAGR of 9.2% from 2020 to 2027. Increasing prevalence of respiratory diseases and growing preference for remote patient monitoring are the key factors fueling the market growth.Moreover,...
259 pages •
By The Business Research Company
• Jul 2020
Nebulizers Global Market Opportunities And Strategies To 2030: COVID-19 Implications And Growth provides the strategists, marketers and senior management with the critical information they need to assess the global nebulizers market. Description: Where is the largest and fastest growing market for the nebulizers...
The global cardiac monitoring & cardiac rhythm management devices market is projected to reach USD 26.8 billion by 2025 from USD 22.1 billion in 2020, at a CAGR of 4.0% from 2020 to 2025. The growth of this market is driven by the increasing prevalence of cardiovascular diseases; availability of reimbursement for CM & CRM devices; launch of...
The pulmonary devicesmarket was valued at US$ 18,598.56 million in 2019 and is projected to reach US$ 39,965.01 million by 2027; it is expected to grow at a CAGR of 10.1%from 2020 to 2027. Rising number of COVID-19 cases worldwide and increasing prevalence of respiratory diseasesare the key factors fueling the market growth. Moreover, strategic...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.