Global Table-top Spirometer Market 2018-2022| Rising Prevalence of Respiratory Disorders to Boost Demand| Technavio
LONDON--(BUSINESS WIRE)--Jun 5, 2018-- analysts forecast the global table-top spirometer market to post a CAGR of close to 7%, according to their latest market research report.
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Technavio has published a new market research report on the global table-top spirometer market from 2018-2022. (Graphic: Business Wire)
The rising awareness of respiratory diseases is one of the major trends being witnessed in the . Awareness of chronic and other respiratory diseases can help to reduce the severity of these diseases and in some cases may even prevent the onset of the disease. Therefore, healthcare facilities and authorities have launched various initiatives to improve awareness and initiate preventative measures for COPD which accounts for 3-4 million deaths every year.
In this report, according to Technavio analysts, one of the key factors contributing to the growth of the global table-top spirometer market is the rising prevalence of respiratory disorders:
Global table-top spirometer market: Rising prevalence of respiratory disorders
Lungs are increasingly susceptible to injury and infection owing to the growing number of chemicals and pollutants in the atmosphere. This is leading to an increase in the prevalence of respiratory disorders which are becoming a significant global health burden. Respiratory diseases such as COPD, Asthma, Tuberculosis, and Lung cancer are among the most common causes of death and acute illness across the globe. Medical devices such as spirometers are necessary for the diagnosis of respiratory diseases.
According to a senior analyst at Technavio , “Spirometers simplify the process of measuring the volume and capacity of the lungs. It also helps in diagnosing shortness of breath, exposure to chemicals, lung functions before surgery, effects of medicine and progress in the treatment of diseases. Hence, the various applications of table-top spirometers are leading to an increase in demand for this product.”
Global table-top spirometer market: Segmentation and analysis
This market research report segments the global table-top spirometer market by end-user (healthcare facilities, and academic institutes and clinical trials), and geography (APAC, the Americas, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The healthcare segment dominated the market with a share of more than 68%, owing to the rapid growth in the number of hospitals, clinics, and diagnostic centers. The market share of this segment is expected to increase by a further 1% over the forecast period.
In 2017, Americas accounted for the major share in the global table-top spirometer market, followed by the EMEA and APAC. APAC is expected to exhibit the largest increase in its market share over the forecast period, while the Americas is expected to witness a significant decrease in its market share.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
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SOURCE: Technavio Research
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