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Insights Into the Spirometer Market 2019-2023: Anticipating a CAGR of 9.8% - Covers Comprehensive Information on Spirometer Products Offered by the Top 10 Players - ResearchAndMarkets.com

May 21, 2019

DUBLIN--(BUSINESS WIRE)--May 21, 2019--

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.

This report studies the spirometry equipment market based on product, mechanism, application, end user, and region. The report also analyzes factors (such as drivers, opportunities, and challenges) affecting market growth. It evaluates the opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. The report also studies micro-markets with respect to their growth trends, prospects, and contributions to the total spirometry equipment market. The report forecasts the revenue of the market segments with respect to four major regions.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on spirometer products offered by the top 10 players in the spirometry equipment market. The report analyzes the spirometry equipment market by product, mechanism, end user, application, and region
  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various spirometers across key geographic regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the spirometry equipment market
  • Competitive Assessment: In-depth assessment of market shares and strategies of the leading players in the spirometry equipment market

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.

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

10.1 Introduction

10.2 North America

10.3 Europe

10.4 Asia Pacific

10.5 Rest of the World

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)

11.4.1 Vendor Inclusion Criteria

11.4.2 Visionary Leaders

11.4.3 Innovators

11.4.4 Dynamic Differentiators

11.4.5 Emerging Companies

11.5 Competitive Leadership Mapping for Start-ups (2017)

11.5.1 Progressive Companies

11.5.2 Starting Blocks

11.5.3 Responsive Companies

11.5.4 Dynamic Companies

12 Company Profiles

12.1 Hill-Rom

12.2 Vyaire Medical

12.3 Fukuda Sangyo

12.4 Chest M.I.

12.5 Schiller AG

12.6 MGC Diagnostics

12.7 Medical International Research

12.8 NDD Medizintechnik AG

12.9 Vitalograph

12.10 Midmark Corporation

For more information about this report visit https://www.researchandmarkets.com/r/c6z7kl

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Related Topics:Respiratory Devices

KEYWORD:

INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES

SOURCE: Research and Markets

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